Wealth Enhancement Advisory Services LLC Purchases Shares of 20,426 MaxLinear, Inc $MXL

Wealth Enhancement Advisory Services LLC acquired a new position in shares of MaxLinear, Inc (NASDAQ:MXL) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 20,426 shares of the semiconductor company’s stock, valued at approximately $302,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company increased its stake in shares of MaxLinear by 48.2% during the 1st quarter. The Manufacturers Life Insurance Company now owns 2,260,392 shares of the semiconductor company’s stock worth $24,548,000 after purchasing an additional 734,973 shares during the last quarter. Invesco Ltd. raised its stake in shares of MaxLinear by 414.8% during the first quarter. Invesco Ltd. now owns 1,684,247 shares of the semiconductor company’s stock valued at $18,291,000 after acquiring an additional 1,357,093 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of MaxLinear by 30.9% during the first quarter. Victory Capital Management Inc. now owns 1,067,728 shares of the semiconductor company’s stock valued at $11,596,000 after acquiring an additional 251,797 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of MaxLinear by 4.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,066,306 shares of the semiconductor company’s stock valued at $11,580,000 after buying an additional 48,995 shares during the period. Finally, Jacobs Levy Equity Management Inc. increased its position in shares of MaxLinear by 1,426.9% during the first quarter. Jacobs Levy Equity Management Inc. now owns 1,004,835 shares of the semiconductor company’s stock valued at $10,913,000 after buying an additional 939,027 shares during the period. Hedge funds and other institutional investors own 90.79% of the company’s stock.

MaxLinear Trading Up 4.1%

Shares of MXL opened at $16.23 on Thursday. MaxLinear, Inc has a 1-year low of $8.35 and a 1-year high of $25.73. The company has a 50-day moving average of $15.88 and a 200 day moving average of $13.63. The firm has a market capitalization of $1.41 billion, a price-to-earnings ratio of -6.57 and a beta of 1.77. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.55 and a quick ratio of 1.14.

MaxLinear (NASDAQ:MXL) last posted its quarterly earnings results on Wednesday, July 23rd. The semiconductor company reported $0.02 EPS for the quarter, meeting 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 business had revenue of $108.81 million during the quarter, compared to analyst estimates of $104.94 million. During the same quarter in the previous year, the business posted ($0.25) EPS. The company’s quarterly revenue was up 18.3% compared to the same quarter last year. MaxLinear has set its Q3 2025 guidance at EPS. On average, research analysts expect that MaxLinear, Inc will post -0.37 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on MXL shares. Wall Street Zen upgraded shares of MaxLinear from a “hold” rating to a “buy” rating in a report on Saturday, September 20th. Benchmark restated a “buy” rating and issued a $25.00 target price on shares of MaxLinear in a report on Tuesday, September 2nd. Stifel Nicolaus increased their price target on shares of MaxLinear from $16.00 to $18.00 and gave the stock a “buy” rating in a research report on Friday, July 18th. Zacks Research downgraded shares of MaxLinear from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 22nd. Finally, Wells Fargo & Company raised their price objective on shares of MaxLinear from $13.00 to $18.00 and gave the company an “equal weight” rating in a research report on Thursday, July 24th. Four research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, MaxLinear has an average rating of “Hold” and a consensus price target of $19.31.

Insider Activity at MaxLinear

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

About MaxLinear

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.