1,107,504 Shares in MaxLinear, Inc $MXL Acquired by AIGH Capital Management LLC

AIGH Capital Management LLC acquired a new stake in MaxLinear, Inc (NASDAQ:MXL) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,107,504 shares of the semiconductor company’s stock, valued at approximately $17,809,000. MaxLinear comprises approximately 5.0% of AIGH Capital Management LLC’s portfolio, making the stock its 7th biggest position. AIGH Capital Management LLC owned approximately 1.27% of MaxLinear as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Maryland State Retirement & Pension System increased its stake in MaxLinear by 3.0% in the 2nd quarter. Maryland State Retirement & Pension System now owns 23,099 shares of the semiconductor company’s stock worth $328,000 after buying an additional 680 shares during the period. Amalgamated Bank raised its stake in shares of MaxLinear by 3.5% during the third quarter. Amalgamated Bank now owns 23,210 shares of the semiconductor company’s stock valued at $373,000 after acquiring an additional 775 shares in the last quarter. Bank of Montreal Can boosted its holdings in shares of MaxLinear by 7.8% in the second quarter. Bank of Montreal Can now owns 12,381 shares of the semiconductor company’s stock valued at $176,000 after purchasing an additional 896 shares during the period. Louisiana State Employees Retirement System boosted its holdings in shares of MaxLinear by 2.5% in the third quarter. Louisiana State Employees Retirement System now owns 37,600 shares of the semiconductor company’s stock valued at $605,000 after purchasing an additional 900 shares during the period. Finally, Thrivent Financial for Lutherans grew its stake in MaxLinear by 2.2% in the second quarter. Thrivent Financial for Lutherans now owns 57,796 shares of the semiconductor company’s stock worth $821,000 after purchasing an additional 1,226 shares in the last quarter. 90.79% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on MXL. Williams Trading set a $25.00 target price on MaxLinear in a research report on Friday, October 24th. Benchmark upped their price objective on shares of MaxLinear from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Friday, January 16th. Weiss Ratings reiterated a “sell (d-)” rating on shares of MaxLinear in a report on Wednesday, October 8th. Finally, Stifel Nicolaus set a $23.00 target price on shares of MaxLinear in a research report on Friday, October 24th. Two investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $19.29.

MaxLinear Price Performance

MXL opened at $18.41 on Friday. The firm has a market capitalization of $1.61 billion, a PE ratio of -8.81 and a beta of 1.77. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.55 and a quick ratio of 1.08. The business’s 50-day moving average is $17.45 and its two-hundred day moving average is $16.38. MaxLinear, Inc has a 1 year low of $8.35 and a 1 year high of $24.17.

MaxLinear (NASDAQ:MXL) last released its quarterly earnings results on Thursday, October 23rd. The semiconductor company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. The business had revenue of $126.46 million for the quarter, compared to analysts’ expectations of $124.66 million. MaxLinear had a negative net margin of 42.43% and a negative return on equity of 12.74%. The company’s revenue was up 56.0% compared to the same quarter last year. During the same period last year, the business earned ($0.36) EPS. Research analysts anticipate that MaxLinear, Inc will post -0.37 earnings per share for the current fiscal year.

MaxLinear declared that its Board of Directors has approved a stock buyback plan on Monday, November 24th that authorizes the company to repurchase $75.00 million in shares. This repurchase authorization authorizes the semiconductor company to repurchase up to 5.8% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

Insiders Place Their Bets

In related news, Director Daniel A. Artusi sold 20,747 shares of the company’s stock in a transaction dated Thursday, October 30th. The stock was sold at an average price of $15.39, for a total transaction of $319,296.33. Following the transaction, the director directly owned 12,141 shares of the company’s stock, valued at $186,849.99. This represents a 63.08% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 7.80% 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.