On April 9, 2023, &Crossmark Global Holdings Inc. MaxLinear, Inc. during the fourth quarter of the previous year. (NYSE:MXL) disclosed buying a new position in shares. The institutional investor now owns 6,136 shares in the semiconductor company’s stock, valued at approximately $208,000.
MaxLinear is renowned for its communications system-on-chip, or SoC, solutions and includes products used in areas such as broadband, mobile and wireline infrastructure, multi-market applications and data centers. The firm’s product range includes cable broadband modems and gateways as well as wireline connectivity equipment. The company also produces radio frequency transceivers with fiber-optic modules, along with hybrid analog and digital televisions.
Regarding insider activity at MaxLinear, tension arose when James Lougheed sold 115,944 shares at an average price of $40.74 per share in early February, resulting in a total transaction amounting to $4,723,558.56. It later came to light that the insider still retains a significant shareholding consisting of 3,921 shares valued at $159,741.54 which makes corporate insiders responsible for an additional 8.50% holding within the company.
This known insider trading activity coupled with the recent purchase of &Crossmark Global Holdings Inc has drawn increasing interest from those looking for investment opportunities in the semiconductor market vertical of the technology industry.
In conclusion; Investors seeking transparency in securities trading should refer to documents filed with the SEC because they tend to contain important information about insider selling activity, such as James Lougheed’s sale of a large stake in MaxLinear last February.
Whether this data can positively influence interested investors remains unclear as variables beyond their control include global stock market fluctuations keeping these sectors volatile. However, for those with vested interests in the semiconductor industry looking for a long-term investment, the future could look bright if continued momentum is seen from well-established technology firms like MaxLiner, Inc.
MaxLiner’s stock draws attention from institutional investors and hedge funds as analysts remain optimistic about growth prospects
MaxLinear, a leading semiconductor company that designs and manufactures mixed-signal integrated circuits for high-performance radio frequency (RF) and broadband communications, has recently attracted the attention of several institutional investors and hedge funds. Invesco Ltd., BlackRock Inc., Vanguard Group Inc., Royce & Associates LP, and Bank of New York Mellon Corp are among the institutional investors that have bought and sold shares of MaxLinear’s stock, each making significant moves in terms of shareholder value. .
Invesco Ltd raised its stake in MaxLinear by 55.8% during the first quarter, resulting in the company owning 1,365,980 shares of the company’s stock valued at $79,705,000 after buying an additional 489,167 shares during the period. BlackRock Inc. grew its holdings in MaxLinear by 2.8% during the period after buying an additional 300,163 shares during the three month period increasing its ownership to 11,193,165 shares valued at $653,123,000.
Vanguard Group Inc. grew its position in MaxLinear by 3.7% in the first quarter and now owns 8,096,877 shares of the company’s stock valued at $472,452 or more after buying an additional 289,146 shares during the period. On the other hand, Royce & Associates LP purchased a new stake in MaxLiner late last year for a total of $6 million.
Finally, Bank of New York Mellon Corp increased its position in shares of MaxLinear by about 12% during the third quarter of last year; After buying another +194 thousand units within that period there is now a total of 1.83 million MXL shares worth about $59 million.
Currently owned by institutional investors at a surprisingly high rate (90.26%!), it’s clear that MXL is no stranger to investing recently considering that all these different institutions are acquiring large stakes at once in what many see as an unsustainable trend. Guess quickly.
Several equities research analysts have issued reports on the company in recent weeks, notably Benchmark and BNP Paribas. Benchmark reduced its price target to $47.00 from $50.00 in a report on February 3rd and gave the company a “buy” rating. On Tuesday, February 28, BNP Paribas initiated coverage on shares of MaxLinear in a report giving it an “underperform” rating with a $30 relative price recommendation. Needham & Company LLC cut their PT on the stock from $50.00 to $48.00 but maintained their own “buy” rating while Susquehanna reaffirmed their “positive” rating and set a $48 target price. Finally, StockNews.com reported on Thursday, March 16 that they initiated coverage on MaxLinear and issued another “buy” recommendation for the company.
Shares of MXL’s stock opened at $33.69 on April 9, 2023, the firm has a market cap of about $2.65 billion or so and a beta value of about 1.93. The company’s closest competitors share similar or somewhat lower figures because they are not as large. Or especially familiar compared to the MXL.
Overall, analysts seem optimistic about the future outlook in terms of growth projection estimates regarding this semiconductor giant; As demand picks up despite existing supply chain disruptions related to Covid-related issues, projections point to sustained upward trends in earnings over the next few quarters, impacting inventories globally which are already at new lows as it stands today, potentially delaying vendors/manufacturers in business within these verticals. Delays can be adjusted accordingly over time rather than predictable hurdles, keeping this spectacularly lucrative tech venture clockwork in generating new revenue streams that mainstream investors in recent times might not have initially considered. Now!