10,884 Shares in MaxLinear, Inc $MXL Purchased by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA bought a new position in shares of MaxLinear, Inc (NASDAQ:MXL) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 10,884 shares of the semiconductor company’s stock, valued at approximately $190,000.

Several other hedge funds have also recently bought and sold shares of the company. Cornerstone Investment Partners LLC purchased a new stake in MaxLinear during the 4th quarter worth about $221,000. Vanguard Group Inc. increased its holdings in MaxLinear by 4.8% during 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 period. Asset Management One Co. Ltd. purchased a new stake in MaxLinear during the 4th quarter worth about $199,000. State of Alaska Department of Revenue increased its holdings in MaxLinear by 1.4% during the 4th quarter. State of Alaska Department of Revenue now owns 45,677 shares of the semiconductor company’s stock worth $795,000 after purchasing an additional 632 shares during the period. Finally, Altfest L J & Co. Inc. purchased a new stake in MaxLinear during the 4th quarter worth about $424,000. Institutional investors and hedge funds own 90.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on MXL. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $40.00 price target on shares of MaxLinear in a report on Friday, April 24th. Stifel Nicolaus upped their price target on MaxLinear from $34.00 to $49.00 and gave the stock a “buy” rating in a report on Friday, April 24th. Needham & Company LLC upgraded MaxLinear from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a report on Friday, April 24th. Loop Capital upgraded MaxLinear from a “hold” rating to a “buy” rating and upped their price target for the stock from $17.00 to $75.00 in a report on Wednesday, April 29th. Finally, Roth Mkm upgraded MaxLinear from a “neutral” rating to a “buy” rating and set a $60.00 price target on the stock in a report on Friday, April 24th. Five equities research 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. Based on data from MarketBeat.com, MaxLinear presently has a consensus rating of “Hold” and an average price target of $44.20.

MaxLinear Trading Up 2.4%

MXL opened at $102.27 on Tuesday. MaxLinear, Inc has a one year low of $10.96 and a one year high of $104.27. The company has a market cap of $9.16 billion, a P/E ratio of -67.28 and a beta of 3.95. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.12 and a current ratio of 1.70. The business’s 50-day simple moving average is $30.74 and its 200-day simple moving average is $22.03.

MaxLinear (NASDAQ:MXL) last released its quarterly earnings data on Thursday, April 23rd. The semiconductor company reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.04. MaxLinear had a negative return on equity of 2.33% and a negative net margin of 25.96%.The business had revenue of $137.19 million for the quarter, compared to the consensus estimate of $137.15 million. During the same quarter in the prior year, the business posted ($0.05) EPS. The business’s revenue for the quarter was up 43.0% on a year-over-year basis. As a group, equities research analysts expect that MaxLinear, Inc will post 0.52 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Connie H. Kwong sold 35,000 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $96.96, for a total transaction of $3,393,600.00. Following the transaction, the insider owned 13,947 shares in the company, valued at $1,352,301.12. This trade represents a 71.51% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Steven G. Litchfield sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $15.68, for a total value of $313,600.00. Following the transaction, the insider owned 343,435 shares in the company, valued at $5,385,060.80. This represents a 5.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 99,097 shares of company stock worth $5,150,815 in the last 90 days. 7.70% of the stock is currently owned by company insiders.

MaxLinear Profile

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.