MaxLinear, Inc $MXL Shares Acquired by Tidal Investments LLC

Tidal Investments LLC increased its stake in shares of MaxLinear, Inc (NASDAQ:MXL) by 23.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 56,467 shares of the semiconductor company’s stock after buying an additional 10,700 shares during the quarter. Tidal Investments LLC owned about 0.06% of MaxLinear worth $7,229,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Larson Financial Group LLC lifted its position in MaxLinear by 161.7% during the 4th quarter. Larson Financial Group LLC now owns 1,416 shares of the semiconductor company’s stock worth $25,000 after acquiring an additional 875 shares during the period. Smartleaf Asset Management LLC increased its holdings in shares of MaxLinear by 103.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,431 shares of the semiconductor company’s stock valued at $25,000 after purchasing an additional 726 shares during the period. Northwestern Mutual Wealth Management Co. acquired a new position in shares of MaxLinear in the fourth quarter valued at about $25,000. International Assets Investment Management LLC purchased a new position in shares of MaxLinear in the fourth quarter worth about $27,000. Finally, EverSource Wealth Advisors LLC raised its stake in shares of MaxLinear by 16.1% in the first quarter. EverSource Wealth Advisors LLC now owns 1,563 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 217 shares during the last quarter. 90.79% of the stock is owned by institutional investors and hedge funds.

MaxLinear Price Performance

Shares of MaxLinear stock opened at $74.57 on Friday. The firm has a market cap of $6.76 billion, a PE ratio of -62.66 and a beta of 3.93. MaxLinear, Inc has a twelve month low of $12.77 and a twelve month high of $128.30. The company has a quick ratio of 1.15, a current ratio of 1.78 and a debt-to-equity ratio of 0.26. The business has a 50-day moving average price of $72.81 and a 200 day moving average price of $61.79.

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, topping analysts’ consensus estimates of $0.33 by $0.02. MaxLinear had a positive return on equity of 2.24% and a negative net margin of 18.24%.The company had revenue of $168.85 million for the quarter, compared to the consensus estimate of $164.64 million. During the same quarter in the prior year, the business posted $0.02 earnings per share. MaxLinear’s revenue for the quarter was up 55.2% on a year-over-year basis. Sell-side analysts predict that MaxLinear, Inc will post 0.78 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

MXL has been the topic of a number of recent research reports. Wells Fargo & Company upped their target price on MaxLinear from $42.00 to $75.00 and gave the company an “equal weight” rating in a research report on Monday, July 20th. Benchmark began coverage on shares of MaxLinear in a research report on Wednesday, May 27th. They set a “buy” rating and a $125.00 price target for the company. Northland Securities set a $110.00 price objective on shares of MaxLinear in a research note on Wednesday, June 3rd. Susquehanna upped their price objective on shares of MaxLinear from $45.00 to $80.00 and gave the company a “neutral” rating in a report on Friday, July 24th. Finally, Roth Capital increased their price objective on shares of MaxLinear from $60.00 to $100.00 and gave the stock a “buy” rating in a research note on Friday, July 24th. Five analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $85.00.

Insider Buying and Selling at MaxLinear

In other news, CEO Kishore Seendripu sold 351,454 shares of the stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $85.95, for a total transaction of $30,207,471.30. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 7.70% of the stock is currently owned by insiders.

MaxLinear Profile

MaxLinear, Inc is a fabless semiconductor company that designs and develops high-performance analog and mixed-signal integrated circuits. Its products are used in broadband communications, wired and wireless infrastructure, data center, networking, and industrial applications.

The company’s portfolio includes solutions for broadband access and connectivity, including cable and fiber-optic infrastructure, Ethernet and high-speed interconnects, optical communications, power management, interface products, and embedded processors.