Emerald Investment Advisers LLC Makes New $5.13 Million Investment in MaxLinear, Inc $MXL

Emerald Investment Advisers LLC bought a new position in shares of MaxLinear, Inc (NASDAQ:MXL) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 40,040 shares of the semiconductor company’s stock, valued at approximately $5,126,000.

A number of other institutional investors have also recently made changes to their positions in MXL. BlackRock Inc. bought a new position in shares of MaxLinear during the second quarter worth about $1,754,062,000. Vanguard Group Inc. boosted its holdings in MaxLinear by 4.8% in the fourth quarter. Vanguard Group Inc. now owns 13,326,387 shares of the semiconductor company’s stock valued at $232,279,000 after acquiring an additional 605,903 shares during the last quarter. The Manufacturers Life Insurance Company increased its position 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 valued at $41,054,000 after purchasing an additional 628,719 shares during the period. Invesco Ltd. increased its position in MaxLinear by 419.9% during the 4th quarter. Invesco Ltd. now owns 2,149,589 shares of the semiconductor company’s stock valued at $37,467,000 after purchasing an additional 1,736,141 shares during the period. Finally, Geode Capital Management LLC raised its holdings in MaxLinear by 1.4% during the 4th quarter. Geode Capital Management LLC now owns 2,038,144 shares of the semiconductor company’s stock worth $35,531,000 after purchasing an additional 28,548 shares during the last quarter. Institutional investors own 90.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on MXL. Needham & Company LLC boosted their price target on shares of MaxLinear from $60.00 to $100.00 and gave the stock a “buy” rating in a research report on Friday, July 24th. Susquehanna increased their price objective on shares of MaxLinear from $45.00 to $80.00 and gave the stock a “neutral” rating in a research report on Friday, July 24th. Wells Fargo & Company lifted their target price on shares of MaxLinear from $42.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Monday, July 20th. Benchmark began coverage on shares of MaxLinear in a report on Wednesday, May 27th. They issued a “buy” rating and a $125.00 target price on the stock. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of MaxLinear in a research report on Friday, July 17th. Five research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, MaxLinear has an average rating of “Hold” and an average price target of $85.00.

MaxLinear Trading Up 2.0%

Shares of MXL stock opened at $66.61 on Friday. The company has a market cap of $6.04 billion, a P/E ratio of -55.97 and a beta of 3.95. The stock has a 50 day simple moving average of $82.17 and a two-hundred day simple moving average of $57.01. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.15 and a current ratio of 1.78. MaxLinear, Inc has a fifty-two week low of $12.77 and a fifty-two week high of $128.30.

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

Insider Buying and Selling at MaxLinear

In related news, Director Thomas E. Pardun sold 11,000 shares of the business’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $105.00, for a total transaction of $1,155,000.00. Following the transaction, the director owned 55,252 shares in the company, valued at $5,801,460. The trade was a 16.60% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Kishore Seendripu sold 351,454 shares of the business’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $85.95, for a total transaction of $30,207,471.30. The SEC filing for this sale provides additional information. Insiders sold a total of 602,454 shares of company stock valued at $51,589,671 in the last quarter. 7.70% of the stock is currently owned by company insiders.

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.