83,599 Shares in MaxLinear, Inc $MXL Bought by Tectonic Advisors LLC

Key Points

• Tectonic Advisors LLC has acquired 83,599 shares of MaxLinear, Inc., valued at approximately $1,188,000, representing about 0.10% ownership of the semiconductor company.
• Major movements among institutional investors include significant stakes purchased by Farther Finance Advisors LLC and GAMMA Investing LLC, increasing overall institutional ownership to 90.79% of MaxLinear's stock.
• Analysts have mixed views on MaxLinear, with Wells Fargo raising its price target to $18.00 while other ratings range from "buy" to "sell," reflecting a diverse outlook on the company's potential.

Tectonic Advisors LLC acquired a new position in shares of MaxLinear, Inc (NASDAQ:MXL - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 83,599 shares of the semiconductor company's stock, valued at approximately $1,188,000. Tectonic Advisors LLC owned approximately 0.10% of MaxLinear at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of MXL. Farther Finance Advisors LLC purchased a new stake in shares of MaxLinear during the second quarter worth $44,000. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of MaxLinear during the first quarter worth $49,000. Strs Ohio purchased a new stake in shares of MaxLinear during the first quarter worth $63,000. GAMMA Investing LLC raised its holdings in shares of MaxLinear by 36.6% during the second quarter. GAMMA Investing LLC now owns 5,143 shares of the semiconductor company's stock worth $73,000 after acquiring an additional 1,378 shares in the last quarter. Finally, Larson Financial Group LLC raised its holdings in shares of MaxLinear by 144.3% during the first quarter. Larson Financial Group LLC now owns 6,863 shares of the semiconductor company's stock worth $75,000 after acquiring an additional 4,054 shares in the last quarter. 90.79% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Steven G. Litchfield sold 102,157 shares of the firm's stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $17.28, for a total value of $1,765,272.96. Following the sale, the insider directly owned 312,203 shares of the company's stock, valued at approximately $5,394,867.84. This trade represents a 24.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 7.80% of the company's stock.

Analyst Ratings Changes

MXL has been the subject of a number of analyst reports. Wells Fargo & Company boosted their price target on MaxLinear from $13.00 to $18.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 24th. Benchmark reaffirmed a "buy" rating and issued a $25.00 price target on shares of MaxLinear in a research report on Tuesday, September 2nd. Wall Street Zen raised MaxLinear from a "hold" rating to a "buy" rating in a research report on Saturday, September 20th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of MaxLinear in a research report on Wednesday. Finally, Loop Capital reaffirmed a "hold" rating and issued a $15.00 price target (up previously from $10.00) on shares of MaxLinear in a research report on Monday, August 4th. Four equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $19.31.

MaxLinear Trading Down 1.7%

Shares of NASDAQ:MXL opened at $15.96 on Friday. The company has a market cap of $1.39 billion, a P/E ratio of -6.46 and a beta of 1.77. The stock's 50-day moving average is $15.88 and its 200-day moving average is $13.65. MaxLinear, Inc has a 52-week low of $8.35 and a 52-week high of $25.73. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.14 and a current ratio of 1.55.

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

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.

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