MaxLinear, Inc $MXL Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. trimmed its holdings in shares of MaxLinear, Inc (NASDAQ:MXL) by 13.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 341,469 shares of the semiconductor company’s stock after selling 54,357 shares during the period. Assenagon Asset Management S.A. owned approximately 0.40% of MaxLinear worth $4,852,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Wealth Enhancement Advisory Services LLC acquired a new stake in MaxLinear during the 2nd quarter valued at approximately $302,000. Goldman Sachs Group Inc. increased its holdings in shares of MaxLinear by 0.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 535,230 shares of the semiconductor company’s stock valued at $5,813,000 after purchasing an additional 2,039 shares in the last quarter. Voya Investment Management LLC increased its holdings in shares of MaxLinear by 16.9% during the 1st quarter. Voya Investment Management LLC now owns 223,180 shares of the semiconductor company’s stock valued at $2,424,000 after purchasing an additional 32,258 shares in the last quarter. Inspire Investing LLC increased its holdings in shares of MaxLinear by 58.0% during the 1st quarter. Inspire Investing LLC now owns 31,788 shares of the semiconductor company’s stock valued at $345,000 after purchasing an additional 11,663 shares in the last quarter. Finally, Hodges Capital Management Inc. purchased a new position in shares of MaxLinear during the 1st quarter valued at approximately $1,547,000. 90.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at MaxLinear

In other MaxLinear news, insider Steven G. Litchfield sold 102,157 shares of MaxLinear stock in a transaction 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 sale, the insider owned 312,203 shares of the company’s stock, valued at $5,394,867.84. The trade was a 24.65% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 7.80% of the stock is currently owned by company insiders.

MaxLinear Trading Down 2.7%

Shares of MXL opened at $16.08 on Thursday. MaxLinear, Inc has a 52-week low of $8.35 and a 52-week high of $25.73. The company has a quick ratio of 1.14, a current ratio of 1.55 and a debt-to-equity ratio of 0.25. The firm’s fifty day moving average is $15.91 and its two-hundred day moving average is $13.39. The stock has a market cap of $1.40 billion, a PE ratio of -6.51 and a beta of 1.76.

MaxLinear (NASDAQ:MXL) last announced its earnings results on Wednesday, July 23rd. The semiconductor company reported $0.02 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.02. MaxLinear had a negative net margin of 55.53% and a negative return on equity of 18.16%. The company had revenue of $108.81 million for the quarter, compared to analysts’ expectations of $104.94 million. During the same quarter in the previous year, the company posted ($0.25) EPS. The firm’s quarterly revenue was up 18.3% on a year-over-year basis. MaxLinear has set its Q3 2025 guidance at EPS. Research analysts forecast that MaxLinear, Inc will post -0.37 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on MXL shares. Wells Fargo & Company lifted their target price on shares of MaxLinear from $13.00 to $18.00 and gave the company an “equal weight” rating in a report on Thursday, July 24th. Wall Street Zen raised shares of MaxLinear from a “hold” rating to a “buy” rating in a report on Saturday, September 20th. Susquehanna lifted their target price on shares of MaxLinear from $11.00 to $15.00 and gave the company a “neutral” rating in a report on Tuesday, July 22nd. Loop Capital reaffirmed a “hold” rating and set a $15.00 target price (up from $10.00) on shares of MaxLinear in a report on Monday, August 4th. Finally, Stifel Nicolaus lifted their target price on shares of MaxLinear from $16.00 to $18.00 and gave the company a “buy” rating in a report on Friday, July 18th. Four analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $19.31.

MaxLinear 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.