Rhumbline Advisers Trims Stock Position in MaxLinear, Inc $MXL

Rhumbline Advisers reduced its stake in MaxLinear, Inc (NASDAQ:MXL) by 0.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 223,379 shares of the semiconductor company’s stock after selling 1,766 shares during the quarter. Rhumbline Advisers owned 0.26% of MaxLinear worth $2,426,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in MaxLinear by 4.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 45,394 shares of the semiconductor company’s stock worth $898,000 after buying an additional 2,004 shares during the last quarter. Millennium Management LLC increased its stake in shares of MaxLinear by 311.9% during the fourth quarter. Millennium Management LLC now owns 841,993 shares of the semiconductor company’s stock worth $16,655,000 after acquiring an additional 637,567 shares during the period. Nuveen Asset Management LLC raised its holdings in MaxLinear by 135.1% during the fourth quarter. Nuveen Asset Management LLC now owns 1,048,406 shares of the semiconductor company’s stock worth $20,737,000 after purchasing an additional 602,540 shares in the last quarter. ProShare Advisors LLC lifted its position in MaxLinear by 44.7% in the fourth quarter. ProShare Advisors LLC now owns 23,996 shares of the semiconductor company’s stock valued at $475,000 after purchasing an additional 7,409 shares during the period. Finally, Two Sigma Investments LP boosted its holdings in MaxLinear by 27.7% in the 4th quarter. Two Sigma Investments LP now owns 929,890 shares of the semiconductor company’s stock valued at $18,393,000 after purchasing an additional 201,607 shares in the last quarter. Hedge funds and other institutional investors own 90.79% of the company’s stock.

Insider Buying and Selling

In other MaxLinear news, insider Steven G. Litchfield sold 102,157 shares of MaxLinear stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $17.28, for a total transaction of $1,765,272.96. Following the transaction, the insider directly owned 312,203 shares of the company’s stock, valued at $5,394,867.84. The trade was a 24.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 7.80% of the company’s stock.

MaxLinear Stock Performance

MaxLinear stock opened at $16.20 on Wednesday. The stock has a fifty day moving average price of $15.71 and a 200 day moving average price of $13.25. MaxLinear, Inc has a 52 week low of $8.35 and a 52 week high of $25.73. The firm has a market capitalization of $1.41 billion, a P/E ratio of -6.56 and a beta of 1.76. The company has a current ratio of 1.55, a quick ratio of 1.14 and a debt-to-equity ratio of 0.25.

MaxLinear (NASDAQ:MXL) last released its earnings results on Wednesday, July 23rd. The semiconductor company reported $0.02 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.02. The firm had revenue of $108.81 million during the quarter, compared to the consensus estimate of $104.94 million. MaxLinear had a negative net margin of 55.53% and a negative return on equity of 18.16%. MaxLinear’s revenue was up 18.3% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.25) earnings per share. MaxLinear has set its Q3 2025 guidance at EPS. Equities research analysts anticipate that MaxLinear, Inc will post -0.37 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Stifel Nicolaus increased their target price on MaxLinear from $16.00 to $18.00 and gave the stock a “buy” rating in a research note on Friday, July 18th. Wall Street Zen lowered MaxLinear from a “buy” rating to a “hold” rating in a report on Friday, August 22nd. Wells Fargo & Company raised their target price on MaxLinear from $13.00 to $18.00 and gave the company an “equal weight” rating in a report on Thursday, July 24th. Benchmark restated a “buy” rating and set a $25.00 target price on shares of MaxLinear in a research report on Tuesday, September 2nd. Finally, Susquehanna increased their price target on shares of MaxLinear from $11.00 to $15.00 and gave the company a “neutral” rating in a report on Tuesday, July 22nd. Four equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, MaxLinear currently has a consensus rating of “Hold” and a consensus target price of $19.31.

MaxLinear Company Profile

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.