Innealta Capital LLC Acquires Shares of 1,487 MaxLinear, Inc. (NYSE:MXL)

Innealta Capital LLC bought a new position in shares of MaxLinear, Inc. (NYSE:MXL) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,487 shares of the semiconductor company’s stock, valued at approximately $30,000.

Several other large investors also recently made changes to their positions in MXL. Simplicity Wealth LLC lifted its position in MaxLinear by 3.1% during the 2nd quarter. Simplicity Wealth LLC now owns 19,283 shares of the semiconductor company’s stock worth $388,000 after buying an additional 579 shares in the last quarter. New York State Common Retirement Fund raised its stake in shares of MaxLinear by 2.8% in the fourth quarter. New York State Common Retirement Fund now owns 31,045 shares of the semiconductor company’s stock worth $738,000 after acquiring an additional 840 shares during the last quarter. ProShare Advisors LLC lifted its position in shares of MaxLinear by 7.4% during the first quarter. ProShare Advisors LLC now owns 15,304 shares of the semiconductor company’s stock worth $286,000 after purchasing an additional 1,061 shares in the last quarter. Louisiana State Employees Retirement System grew its stake in shares of MaxLinear by 3.0% during the second quarter. Louisiana State Employees Retirement System now owns 38,000 shares of the semiconductor company’s stock valued at $765,000 after purchasing an additional 1,100 shares during the last quarter. Finally, Swiss National Bank increased its holdings in shares of MaxLinear by 0.9% in the first quarter. Swiss National Bank now owns 152,973 shares of the semiconductor company’s stock valued at $2,856,000 after purchasing an additional 1,300 shares in the last quarter. Institutional investors own 90.79% of the company’s stock.

Insider Activity at MaxLinear

In other news, CEO Kishore Seendripu purchased 108,303 shares of MaxLinear stock in a transaction on Tuesday, July 30th. The stock was purchased at an average price of $12.94 per share, with a total value of $1,401,440.82. Following the transaction, the chief executive officer now directly owns 531,937 shares in the company, valued at approximately $6,883,264.78. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 8.60% of the stock is owned by insiders.

MaxLinear Stock Up 10.1 %

NYSE:MXL opened at $15.18 on Friday. MaxLinear, Inc. has a 1 year low of $11.08 and a 1 year high of $26.59. The stock has a 50-day moving average price of $17.08 and a two-hundred day moving average price of $18.58. The stock has a market cap of $1.26 billion, a price-to-earnings ratio of -8.03 and a beta of 1.85. The company has a current ratio of 2.09, a quick ratio of 1.59 and a debt-to-equity ratio of 0.20.

MaxLinear (NYSE:MXL) last issued its quarterly earnings data on Wednesday, July 24th. The semiconductor company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by ($0.06). MaxLinear had a negative net margin of 42.38% and a negative return on equity of 12.39%. The business had revenue of $92.00 million during the quarter, compared to analyst estimates of $100.25 million. During the same quarter in the prior year, the firm posted $0.19 earnings per share. MaxLinear’s revenue for the quarter was down 50.0% compared to the same quarter last year. As a group, equities analysts expect that MaxLinear, Inc. will post -1.6 earnings per share for the current year.

Analyst Upgrades and Downgrades

MXL has been the topic of several research reports. Susquehanna reduced their price objective on MaxLinear from $30.00 to $26.00 and set a “positive” rating on the stock in a report on Thursday, July 25th. Craig Hallum cut their price target on MaxLinear from $38.00 to $28.00 and set a “hold” rating on the stock in a research note on Thursday, July 25th. Needham & Company LLC lowered MaxLinear from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. Stifel Nicolaus upped their target price on shares of MaxLinear from $26.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. Finally, Northland Securities lowered their price target on shares of MaxLinear from $30.00 to $25.00 and set an “outperform” rating for the company in a research report on Thursday, July 25th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $24.67.

About MaxLinear

MaxLinear, Inc provides communications systems-on-chip solutions worldwide. Its products integrate various portions of a high-speed communication system, including radio frequency, high-performance analog, mixed-signal, digital signal processing, security engines, data compression and networking layers, and power management.