Insider Watch Reporter: Is MaxLinear, Inc. (NYSE:MXL) Stock a Sell after Connie Kwong’s Insider Trade?

November 29, 2016 - By Michael Collier

Insider Watch Reporter: Is MaxLinear, Inc. (NYSE:MXL) Stock a Sell after Connie Kwong's Insider Trade?

Connie Kwong Insider Sell

The Corporate Controller & PAO of Maxlinear Inc, Connie Kwong has made an unexpected transaction in the Pinksheet-listed Maxlinear Inc that is having a total value $16,351 US Dollars. As reported in the U.S. Security & Exchange Commission public form filed on 29-11-2016, Connie sold 743 shares at an average price-per-share of $22.0. In the last month, she also unloaded 2,009 shares worth $43,221 USD. Connie Kwong now has ownership of 461 shares of Maxlinear Inc.

MaxLinear, Inc. (NYSE:MXL) Ratings Coverage

Out of 9 analysts covering Maxlinear Inc. (NYSE:MXL), 9 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $25 is the highest target while $7 is the lowest. The $22.06 average target is 3.18% above today’s ($21.38) stock price. Maxlinear Inc. has been the topic of 16 analyst reports since September 17, 2015 according to StockzIntelligence Inc. The rating was initiated by Topeka Capital Markets with “Buy” on Friday, February 26. Deutsche Bank maintained MaxLinear, Inc. (NYSE:MXL) on Tuesday, August 9 with “Buy” rating. The firm has “Buy” rating given on Tuesday, November 8 by Needham. The stock of MaxLinear, Inc. (NYSE:MXL) earned “Buy” rating by Needham on Thursday, September 17. The rating was initiated by Roth Capital on Wednesday, September 30 with “Buy”. The stock of MaxLinear, Inc. (NYSE:MXL) earned “Buy” rating by TH Capital on Wednesday, January 13. Needham maintained the shares of MXL in a report on Wednesday, November 4 with “Buy” rating. The firm has “Buy” rating by TH Capital given on Wednesday, September 30. The rating was maintained by Roth Capital on Wednesday, January 13 with “Buy”. The stock has “Buy” rating given by Stifel Nicolaus on Tuesday, February 9.

Insitutional Activity: The institutional sentiment decreased to 0.93 in 2016 Q2. Its down 0.58, from 1.51 in 2016Q1. The ratio worsened, as 23 funds sold all MaxLinear, Inc. shares owned while 52 reduced positions. 34 funds bought stakes while 79 increased positions. They now own 46.30 million shares or 3.94% more from 44.55 million shares in 2016Q1.

Commonwealth Equity Svcs last reported 23,954 shares in the company. The Kentucky-based Alphamark Advsrs Llc has invested 0.47% in MaxLinear, Inc. (NYSE:MXL). Strategic Mngmt Lc holds 12,267 shares or 0.12% of its portfolio. Ny State Common Retirement Fund has 246,644 shares for 0.01% of their US portfolio. Usa Fin Portformulas owns 24,948 shares or 0.12% of their US portfolio. Moreover, Cornerstone Cap Mngmt Hldg has 0% invested in MaxLinear, Inc. (NYSE:MXL) for 12,385 shares. Nicholas Prtnrs Ltd Partnership holds 0.27% of its portfolio in MaxLinear, Inc. (NYSE:MXL) for 219,885 shares. The Texas-based Hbk Invs Lp has invested 0.03% in MaxLinear, Inc. (NYSE:MXL). Raymond James Svcs has invested 0.01% of its portfolio in MaxLinear, Inc. (NYSE:MXL). Moreover, Driehaus Capital Lc has 0.28% invested in MaxLinear, Inc. (NYSE:MXL) for 439,642 shares. Moreover, Citigroup has 0% invested in MaxLinear, Inc. (NYSE:MXL) for 5,163 shares. Geode Capital Mngmt Llc last reported 0% of its portfolio in the stock. Federated Invsts Incorporated Pa has 0% invested in the company for 10,723 shares. Turner Investments Limited Partnership last reported 0.22% of its portfolio in the stock. Vanguard, a Pennsylvania-based fund reported 2.29 million shares.

Insider Transactions: Since June 1, 2016, the stock had 0 buys, and 4 selling transactions for $888,703 net activity. WALSH BRENDAN had sold 12,500 shares worth $225,521 on Friday, August 19. 18,000 MaxLinear, Inc. (NYSE:MXL) shares with value of $366,955 were sold by PARDUN THOMAS E. 18,770 MaxLinear, Inc. (NYSE:MXL) shares with value of $387,036 were sold by CRADDOCK STEVEN. 2,009 shares were sold by Kwong Connie H., worth $43,221.

The stock decreased 0.51% or $0.11 during the last trading session, hitting $21.38. About 911,131 shares traded hands. MaxLinear, Inc. (NYSE:MXL) has risen 25.67% since April 26, 2016 and is uptrending. It has outperformed by 20.41% the S&P500.

MaxLinear, Inc. is a provider of integrated, radio-frequency and mixed-signal integrated circuits for broadband communications and data center, metro, and long-haul transport network applications. The company has a market cap of $1.35 billion. The Company’s RF receiver products capture and process digital and analog broadband signals to be decoded for various applications. It has a 33.07 P/E ratio. The Company’s products enable the display of broadband video and data content in a range of electronic devices, including cable and terrestrial and satellite set-top boxes, data over cable service interface specification (DOCSIS) data and voice gateways, hybrid analog and digital televisions, satellite low-noise blocker transponders or outdoor units, and optical modules for data center, metro and long-haul transport network applications.

According to Zacks Investment Research, “MaxLinear is a provider of radio-frequency analog and mixed signal semiconductor SoC solutions for broadband communication applications offering small silicon die-size, and low power consumption. The Company’s RF receiver products capture and process digital and analog broadband signals to be decoded for various applications. These products include both RF receivers and RF receiver systems-on-chip (SoCs), which incorporate the Company’s integrated radio system architecture and the functionality necessary to demodulate broadband signals. MaxLinear’s current products enable the display of broadband video in a wide range of electronic devices, including cable and terrestrial set top boxes, digital televisions, mobile handsets, personal computers, netbooks, and in-vehicle entertainment devices. MaxLinear is based in Carlsbad, California.”

Analysts await MaxLinear, Inc. (NYSE:MXL) to report earnings on February, 13. They expect $0.26 EPS, down 33.33% or $0.13 from last year’s $0.39 per share. MXL’s profit will be $16.42 million for 20.56 P/E if the $0.26 EPS becomes a reality. After $0.34 actual EPS reported by MaxLinear, Inc. for the previous quarter, Wall Street now forecasts -23.53% negative EPS growth.

Another recent and important MaxLinear, Inc. (NYSE:MXL) news was published by Fool.com which published an article titled: “Why Shares of MaxLinear, Inc. Jumped Today” on November 08, 2016.

MXL Company Profile

MaxLinear, Inc., incorporated on September 25, 2003, is a well-known provider of integrated, radio-frequency (RF) and mixed-signal integrated circuits for broadband communications and data center, metro, and long-haul transport network applications. The Company’s RF receiver products capture and process digital and analog broadband signals to be decoded for various applications. The Company’s products enable the display of broadband video and data content in a range of electronic devices, including cable and terrestrial and satellite set-top boxes, data over cable service interface specification (DOCSIS) data and voice gateways, hybrid analog and digital televisions, satellite low-noise blocker transponders or outdoor units, and optical modules for data center, metro and long-haul transport network applications. The Firm sells its products to original equipment manufacturers (OEMs) module makers and original design manufacturers (ODMs). The Firm offers semiconductor products, such as RF Receivers, RF Receiver systems-on-chip (SoCs), Laser Modulator Drivers, Transimpedance Amplifiers, and Clock and Data Recovery Circuits.

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