Entropy Technologies LP Takes Position in MaxLinear, Inc $MXL

Entropy Technologies LP acquired a new stake in shares of MaxLinear, Inc (NASDAQ:MXL) in the first quarter, HoldingsChannel.com reports. The institutional investor acquired 17,320 shares of the semiconductor company’s stock, valued at approximately $301,000.

Several other large investors have also modified their holdings of MXL. Invesco Ltd. grew its holdings in shares of MaxLinear by 419.9% during the 4th quarter. Invesco Ltd. now owns 2,149,589 shares of the semiconductor company’s stock worth $37,467,000 after purchasing an additional 1,736,141 shares during the period. Paradigm Capital Management Inc. NY grew its stake in shares of MaxLinear by 582.7% during the fourth quarter. Paradigm Capital Management Inc. NY now owns 861,000 shares of the semiconductor company’s stock valued at $15,007,000 after acquiring an additional 734,875 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in MaxLinear by 27.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,889,111 shares of the semiconductor company’s stock worth $41,054,000 after purchasing an additional 628,719 shares during the last quarter. Defiance ETFs LLC bought a new stake in shares of MaxLinear in the fourth quarter worth $10,944,000. Finally, Vanguard Group Inc. increased its position in shares of MaxLinear by 4.8% in the 4th quarter. Vanguard Group Inc. now owns 13,326,387 shares of the semiconductor company’s stock worth $232,279,000 after purchasing an additional 605,903 shares during the last quarter. 90.79% of the stock is currently owned by hedge funds and other institutional investors.

MaxLinear Stock Up 16.9%

Shares of MaxLinear stock opened at $66.92 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.78 and a quick ratio of 1.15. MaxLinear, Inc has a 1-year low of $12.77 and a 1-year high of $128.30. The business’s fifty day moving average price is $87.55 and its two-hundred day moving average price is $51.32. The company has a market capitalization of $5.99 billion, a P/E ratio of -56.24 and a beta of 3.91.

MaxLinear (NASDAQ:MXL) last released its quarterly earnings results on Thursday, July 23rd. The semiconductor company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.02. The company had revenue of $168.85 million for the quarter, compared to the consensus estimate of $164.64 million. MaxLinear had a negative net margin of 18.24% and a positive return on equity of 2.24%. MaxLinear’s revenue was up 55.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.02 EPS. As a group, research analysts forecast that MaxLinear, Inc will post 0.78 EPS for the current year.

Insider Activity at MaxLinear

In other MaxLinear news, insider Connie H. Kwong sold 35,000 shares of the firm’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $96.96, for a total value of $3,393,600.00. Following the completion of the transaction, the insider directly owned 13,947 shares in the company, valued at $1,352,301.12. This trade represents a 71.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Thomas E. Pardun sold 11,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $105.00, for a total transaction of $1,155,000.00. Following the completion of the transaction, the director directly owned 55,252 shares of the company’s stock, valued at $5,801,460. This represents a 16.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 7.70% of the company’s stock.

Analyst Ratings Changes

MXL has been the subject of several research analyst reports. Needham & Company LLC boosted their price objective on MaxLinear from $60.00 to $100.00 and gave the company a “buy” rating in a report on Friday, July 24th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of MaxLinear in a report on Friday, July 17th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $40.00 target price on shares of MaxLinear in a research report on Friday, April 24th. Stifel Nicolaus boosted their price target on MaxLinear from $110.00 to $120.00 and gave the company a “buy” rating in a report on Friday, July 24th. Finally, Roth Capital boosted their price target on MaxLinear from $60.00 to $100.00 and gave the company a “buy” rating in a report on Friday, July 24th. Five equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, MaxLinear presently has a consensus rating of “Hold” and an average target price of $85.00.

About MaxLinear

MaxLinear, Inc is a provider of radio-frequency (RF), analog, and mixed-signal integrated circuits for broadband communications, data center connectivity, and video infrastructure applications. The company’s product portfolio includes high-performance RF front-end modules, broadband power amplifiers, optical and Ethernet transceivers, and network processors designed to support demanding signal processing requirements.

MaxLinear’s semiconductor solutions are used by cable and satellite television operators, fiber-to-the-home service providers, network equipment manufacturers, and data center operators.