UNICOM Systems Inc. Takes $14.71 Million Position in MaxLinear, Inc $MXL

Key Points

• UNICOM Systems acquired a new $14.71 million stake in MaxLinear, purchasing 114,900 shares and making the semiconductor company 1% of its portfolio. Institutional investors collectively own 90.79% of MaxLinear.
• Analyst sentiment remains mixed but has improved, with recent price-target increases ranging from $75 to $110. The stock carries an average “Hold” rating and an average price target of $85.
• MaxLinear’s latest quarterly results beat expectations, reporting $0.35 in adjusted EPS versus $0.33 expected and $168.85 million in revenue, up 55.2% year over year. However, the company posted a negative net margin of 18.24%.

UNICOM Systems Inc. acquired a new stake in MaxLinear, Inc (NASDAQ:MXL - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 114,900 shares of the semiconductor company's stock, valued at approximately $14,711,000. MaxLinear makes up 1.0% of UNICOM Systems Inc.'s investment portfolio, making the stock its 25th largest holding. UNICOM Systems Inc. owned approximately 0.13% of MaxLinear at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Royal Bank of Canada increased its position in shares of MaxLinear by 3.1% during the first quarter. Royal Bank of Canada now owns 72,664 shares of the semiconductor company's stock worth $789,000 after acquiring an additional 2,204 shares during the period. AQR Capital Management LLC grew its stake in MaxLinear by 56.0% during the 1st quarter. AQR Capital Management LLC now owns 296,297 shares of the semiconductor company's stock worth $3,218,000 after purchasing an additional 106,355 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in MaxLinear by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 47,437 shares of the semiconductor company's stock worth $515,000 after purchasing an additional 2,043 shares during the period. Goldman Sachs Group Inc. increased its holdings in MaxLinear by 0.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 535,230 shares of the semiconductor company's stock worth $5,813,000 after purchasing an additional 2,039 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in MaxLinear by 23.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 182,362 shares of the semiconductor company's stock valued at $1,980,000 after purchasing an additional 35,152 shares in the last quarter. 90.79% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Thomas E. Pardun sold 11,000 shares of the business's stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $105.00, for a total transaction of $1,155,000.00. Following the completion of the sale, the director owned 55,252 shares in the company, valued at approximately $5,801,460. The trade was a 16.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 7.70% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Northland Securities set a $110.00 price objective on MaxLinear in a research note on Wednesday, June 3rd. Loop Capital upgraded shares of MaxLinear from a "hold" rating to a "buy" rating and upped their target price for the stock from $17.00 to $75.00 in a research note on Wednesday, April 29th. Susquehanna raised their target price on shares of MaxLinear from $45.00 to $80.00 and gave the company a "neutral" rating in a report on Friday, July 24th. Roth Capital lifted their price target on shares of MaxLinear from $60.00 to $100.00 and gave the stock a "buy" rating in a research note on Friday, July 24th. Finally, Wall Street Zen upgraded shares of MaxLinear from a "hold" rating to a "buy" rating in a report on Sunday, July 26th. Five 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. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $85.00.

MaxLinear Trading Up 6.8%

NASDAQ:MXL opened at $74.98 on Friday. The stock has a 50-day simple moving average of $84.21 and a 200-day simple moving average of $53.24. The stock has a market cap of $6.80 billion, a P/E ratio of -63.01 and a beta of 3.95. MaxLinear, Inc has a 1 year low of $12.77 and a 1 year high of $128.30. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.15 and a current ratio of 1.78.

MaxLinear (NASDAQ:MXL - Get Free Report) last issued its earnings results on Thursday, July 23rd. The semiconductor company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.02. The business had revenue of $168.85 million for the quarter, compared to analyst estimates of $164.64 million. MaxLinear had a positive return on equity of 2.24% and a negative net margin of 18.24%.The business's quarterly revenue was up 55.2% on a year-over-year basis. During the same quarter last year, the company earned $0.02 EPS. As a group, analysts anticipate that MaxLinear, Inc will post 0.78 earnings per share for the current fiscal year.

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.

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