MaxLinear, Inc. (NYSE:MXL) Shares Sold by Guggenheim Capital LLC

Guggenheim Capital LLC decreased its position in MaxLinear, Inc. (NYSE:MXL – Get Rating) by 24.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 13,292 shares of the semiconductor company’s stock after selling 4,228 shares during the period. Guggenheim Capital LLC’s holdings in MaxLinear were worth $434,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of MXL. DekaBank Deutsche Girozentrale acquired a new stake in MaxLinear in the third quarter valued at $33,000. Quadrant Capital Group LLC lifted its position in shares of MaxLinear by 1,068.9% in the third quarter. Quadrant Capital Group LLC now owns 1,543 shares of the semiconductor company’s stock valued at $50,000 after acquiring an additional 1,411 shares in the last quarter. Quantbot Technologies LP purchased a new stake in shares of MaxLinear in the second quarter valued at $90,000. Point72 Hong Kong Ltd purchased a new stake in shares of MaxLinear in the second quarter valued at $144,000. Finally, Money Concepts Capital Corp lifted its position in shares of MaxLinear by 10.3% in the third quarter. Money Concepts Capital Corp now owns 4,712 shares of the semiconductor company’s stock valued at $154,000 after acquiring an additional 440 shares in the last quarter. Institutional investors and hedge funds own 90.26% of the company’s stock.

MaxLinear Stock Performance

NYSE MXL opened at $33.07 on Friday. The business’s 50-day moving average price is $36.75 and its 200 day moving average price is $35.21. MaxLinear, Inc. has a twelve month low of $29.27 and a twelve month high of $63.89. The company has a market capitalization of $2.60 billion, a PE ratio of 21.34 and a beta of 1.92. The company has a current ratio of 1.65, a quick ratio of 1.18 and a debt-to-equity ratio of 0.18.

Insiders Place Their Bets

In other MaxLinear news, insider James Lougheed sold 115,944 shares of the company’s stock in a transaction dated Friday, February 3rd. The stock was sold at an average price of $40.74, for a total transaction of $4,723,558.56. Following the completion of the sale, the insider now directly owns 3,921 shares in the company, valued at $159,741.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other MaxLinear news, VP Michael Bollesen sold 5,757 shares of the company’s stock in a transaction dated Wednesday, December 14th. The stock was sold at an average price of $38.93, for a total transaction of $224,120.01. Following the completion of the sale, the vice president now directly owns 81,474 shares in the company, valued at $3,171,782.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider James Lougheed sold 115,944 shares of the company’s stock in a transaction dated Friday, February 3rd. The stock was sold at an average price of $40.74, for a total value of $4,723,558.56. Following the sale, the insider now owns 3,921 shares of the company’s stock, valued at $159,741.54. The disclosure for this sale can be found here. 8.50% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Susquehanna upped their price objective on MaxLinear from $46.00 to $48.00 and gave the company a “positive” rating in a research report on Thursday, February 2nd. Benchmark reduced their price objective on MaxLinear from $50.00 to $47.00 and set a “buy” rating on the stock in a research report on Friday, February 3rd. Needham & Company LLC reduced their price objective on MaxLinear from $50.00 to $48.00 and set a “buy” rating on the stock in a research report on Thursday, February 2nd. Finally, BNP Paribas started coverage on MaxLinear in a research report on Tuesday, February 28th. They issued an “underperform” rating and a $30.00 price objective on the stock. One research analyst has rated the stock with a sell rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $46.22.

MaxLinear Profile

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MaxLinear, Inc engages in the provision of communications systems-on-chip, or SoC, solutions used in broadband, mobile and wireline infrastructure, data center, and industrial and multi-market applications. Its products include cable broadband modems and gateways, wireline connectivity devices, radio frequency transceivers, fiber-optic modules, video set-top boxes and gateways, hybrid analog and digital televisions, direct broadcast satellite outdoor and indoor units, and power management and interface products.