Capital Fund Management S.A. Cuts Holdings in MaxLinear, Inc $MXL

Key Points

• Capital Fund Management S.A. has decreased its stake in MaxLinear, Inc. by 39.2%, selling 35,982 shares and retaining 55,859 shares worth approximately $607,000 as of the end of the reporting period.
• Other institutional investors have significantly increased their holdings in MaxLinear, with the Manufacturers Life Insurance Company raising its stake by 3,698.1% in the fourth quarter.
• MaxLinear's stock has seen a recent price performance improvement, with analysts giving the company a consensus rating of "Hold" and an average target price of $19.31.

Capital Fund Management S.A. reduced its position in MaxLinear, Inc (NASDAQ:MXL - Free Report) by 39.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 55,859 shares of the semiconductor company's stock after selling 35,982 shares during the quarter. Capital Fund Management S.A. owned 0.07% of MaxLinear worth $607,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company boosted its stake in shares of MaxLinear by 3,698.1% during the fourth quarter. The Manufacturers Life Insurance Company now owns 1,525,419 shares of the semiconductor company's stock valued at $30,173,000 after purchasing an additional 1,485,256 shares in the last quarter. Invesco Ltd. boosted its stake in MaxLinear by 414.8% in 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 in the last quarter. Point72 Hong Kong Ltd purchased a new position in MaxLinear in the 4th quarter worth $25,659,000. Schonfeld Strategic Advisors LLC purchased a new position in shares of MaxLinear in the fourth quarter worth about $25,027,000. Finally, Point72 Asset Management L.P. boosted its holdings in shares of MaxLinear by 1,813.5% in the 4th quarter. Point72 Asset Management L.P. now owns 1,256,300 shares of the semiconductor company's stock valued at $24,850,000 after acquiring an additional 1,190,647 shares during the last quarter. 90.79% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other MaxLinear news, insider Steven G. Litchfield sold 102,157 shares of the firm's 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 transaction, 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 position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 7.80% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have issued reports on MXL. Benchmark boosted their price target on MaxLinear from $20.00 to $25.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Susquehanna increased their target price on MaxLinear from $11.00 to $15.00 and gave the company a "neutral" rating in a report on Tuesday, July 22nd. Stifel Nicolaus boosted 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. Wall Street Zen downgraded MaxLinear from a "buy" rating to a "hold" rating in a research note on Friday, August 22nd. Finally, Loop Capital reaffirmed a "hold" rating and set a $15.00 price target (up previously from $10.00) on shares of MaxLinear in a research report on Monday, August 4th. Four analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $19.31.

MaxLinear Stock Down 6.2%

MXL stock traded down $1.04 during midday trading on Monday, reaching $15.72. 1,028,469 shares of the company were exchanged, compared to its average volume of 1,513,545. MaxLinear, Inc has a 1-year low of $8.35 and a 1-year high of $25.73. The company has a market cap of $1.37 billion, a price-to-earnings ratio of -6.36 and a beta of 1.76. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.14 and a current ratio of 1.55. The stock's 50-day simple moving average is $15.38 and its 200 day simple moving average is $13.23.

MaxLinear (NASDAQ:MXL - Get Free Report) last released its quarterly earnings data 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 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 for the quarter was up 18.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.25) earnings per share. MaxLinear has set its Q3 2025 guidance at EPS. On average, equities analysts forecast that MaxLinear, Inc will post -0.37 earnings per share for the current year.

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.