Charles Schwab Investment Management Inc. Grows Stock Position in MaxLinear, Inc $MXL

Key Points

• Charles Schwab Investment Management Inc. increased its stake in MaxLinear, Inc. by 4.8%, holding over 1 million shares worth approximately $11.58 million as of the end of the first quarter.
• MaxLinear's stock price rose to $17.22 with a market cap of $1.50 billion, although it has a 52-week range between $8.35 and $25.73.
• Recent analyst ratings for MaxLinear show a consensus of "Hold" with a price target averaging $19.31, after various firms adjusted their price targets in July.

Charles Schwab Investment Management Inc. increased its stake in shares of MaxLinear, Inc (NASDAQ:MXL - Free Report) by 4.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,066,306 shares of the semiconductor company's stock after acquiring an additional 48,995 shares during the period. Charles Schwab Investment Management Inc. owned about 1.26% of MaxLinear worth $11,580,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Larson Financial Group LLC grew its position in MaxLinear by 144.3% in the first quarter. Larson Financial Group LLC now owns 6,863 shares of the semiconductor company's stock valued at $75,000 after purchasing an additional 4,054 shares in the last quarter. CWM LLC raised its stake in MaxLinear by 119.6% during the first quarter. CWM LLC now owns 10,050 shares of the semiconductor company's stock worth $109,000 after acquiring an additional 5,474 shares in the last quarter. First Trust Advisors LP bought a new stake in shares of MaxLinear during the fourth quarter worth about $280,000. Blair William & Co. IL lifted its stake 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 worth $247,000 after acquiring an additional 902 shares during the period. Finally, Guggenheim Capital LLC bought a new stake in MaxLinear in the fourth quarter worth approximately $469,000. 90.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Stifel Nicolaus raised their target price on MaxLinear from $16.00 to $18.00 and gave the company a "buy" rating in a report on Friday, July 18th. Benchmark raised their target price on MaxLinear from $20.00 to $25.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Wall Street Zen lowered MaxLinear from a "buy" rating to a "hold" rating in a report on Friday, August 22nd. Wells Fargo & Company raised their target price on MaxLinear from $13.00 to $18.00 and gave the company an "equal weight" rating in a report on Thursday, July 24th. Finally, Loop Capital reaffirmed a "hold" rating and set a $15.00 price target (up from $10.00) on shares of MaxLinear in a research report on Monday, August 4th. Four investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $19.31.

MaxLinear Trading Down 6.2%

NASDAQ MXL traded down $1.04 during trading on Friday, hitting $15.72. 1,028,469 shares of the company's stock traded hands, compared to its average volume of 1,558,554. The stock has a fifty day moving average of $15.32 and a two-hundred day moving average of $13.27. 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, Inc has a 12-month low of $8.35 and a 12-month high of $25.73. The firm has a market cap of $1.37 billion, a P/E ratio of -6.36 and a beta of 1.69.

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 analysts' consensus estimates of $0.02. MaxLinear had a negative net margin of 55.53% and a negative return on equity of 18.16%. The firm 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 earned ($0.25) earnings per share. The company's revenue for the quarter was up 18.3% compared to the same quarter last year. MaxLinear has set its Q3 2025 guidance at EPS. As a group, sell-side analysts expect that MaxLinear, Inc will post -0.37 EPS for the current year.

Insider Buying and Selling

In other MaxLinear news, insider Steven G. Litchfield sold 102,157 shares of the firm's stock in a transaction that occurred on Tuesday, August 26th. The stock was 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. This trade represents a 24.65% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 7.80% of the company's stock.

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.