Geode Capital Management LLC Grows Stock Holdings in MaxLinear, Inc $MXL

Geode Capital Management LLC raised its stake in shares of MaxLinear, Inc (NASDAQ:MXL) by 3.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,957,624 shares of the semiconductor company’s stock after acquiring an additional 62,083 shares during the period. Geode Capital Management LLC owned approximately 2.25% of MaxLinear worth $27,821,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in MXL. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of MaxLinear by 10.0% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 25,355 shares of the semiconductor company’s stock worth $275,000 after purchasing an additional 2,309 shares during the period. Federated Hermes Inc. purchased a new position in MaxLinear during the 1st quarter worth $1,486,000. GSA Capital Partners LLP acquired a new stake in shares of MaxLinear in the 1st quarter worth $897,000. Blair William & Co. IL boosted its holdings in shares of MaxLinear by 4.1% in the first quarter. Blair William & Co. IL now owns 22,756 shares of the semiconductor company’s stock valued at $247,000 after acquiring an additional 902 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of MaxLinear by 4.8% in 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 acquiring an additional 48,995 shares in the last quarter. 90.79% of the stock is owned by institutional investors and hedge funds.

MaxLinear Stock Performance

NASDAQ MXL opened at $15.58 on Friday. The business has a 50 day moving average price of $15.58 and a 200 day moving average price of $14.85. The company has a market capitalization of $1.36 billion, a P/E ratio of -7.45 and a beta of 1.83. MaxLinear, Inc has a 1-year low of $8.35 and a 1-year high of $25.73. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.55 and a quick ratio of 1.08.

MaxLinear (NASDAQ:MXL) last posted its earnings results on Thursday, October 23rd. The semiconductor company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.02. MaxLinear had a negative return on equity of 12.74% and a negative net margin of 42.43%.The company had revenue of $126.46 million for the quarter, compared to analyst estimates of $124.66 million. During the same quarter in the prior year, the company earned ($0.36) earnings per share. MaxLinear’s revenue was up 56.0% compared to the same quarter last year. MaxLinear has set its Q4 2025 guidance at EPS. Sell-side analysts expect that MaxLinear, Inc will post -0.37 EPS for the current fiscal year.

MaxLinear announced that its board has approved a stock repurchase plan on Monday, November 24th that allows the company to repurchase $75.00 million in outstanding shares. This repurchase authorization allows the semiconductor company to purchase up to 5.8% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Insiders Place Their Bets

In other MaxLinear news, Director Daniel A. Artusi sold 20,747 shares of the firm’s stock in a transaction dated Thursday, October 30th. The shares were sold at an average price of $15.39, for a total transaction of $319,296.33. Following the completion of the transaction, the director directly owned 12,141 shares in the company, valued at approximately $186,849.99. This trade represents a 63.08% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 7.80% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on MXL. Stifel Nicolaus set a $23.00 price objective on shares of MaxLinear in a research report on Friday, October 24th. Loop Capital reissued a “hold” rating and issued a $15.00 price target (up from $10.00) on shares of MaxLinear in a report on Monday, August 4th. Benchmark reaffirmed a “buy” rating and set a $25.00 price objective on shares of MaxLinear in a report on Friday, October 24th. Zacks Research cut MaxLinear from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 22nd. Finally, Williams Trading set a $25.00 target price on shares of MaxLinear in a research report on Friday, October 24th. Three analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $19.94.

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.