Comerica Bank Lowers Stock Holdings in MaxLinear, Inc $MXL

Key Points

• Comerica Bank reduced its stake in MaxLinear, Inc by 61.7%, owning approximately 115,202 shares worth $1.25 million after selling 185,741 shares in Q1.
• Other institutional investors, such as Invesco Ltd. and Point72 Asset Management, significantly increased their holdings in MaxLinear, with Invesco growing its shares by 414.8% during the same period.
• The semiconductor company reported quarterly earnings of $0.02 per share on revenue of $108.81 million, which exceeded analysts' expectations, marking an 18.3% increase in revenue year-over-year.

Comerica Bank trimmed its position in MaxLinear, Inc (NASDAQ:MXL - Free Report) by 61.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 115,202 shares of the semiconductor company's stock after selling 185,741 shares during the quarter. Comerica Bank owned approximately 0.14% of MaxLinear worth $1,251,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Invesco Ltd. grew its holdings 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 worth $18,291,000 after purchasing an additional 1,357,093 shares in the last quarter. Point72 Hong Kong Ltd purchased a new position in shares of MaxLinear during the fourth quarter worth about $25,659,000. Point72 Asset Management L.P. grew its holdings in shares of MaxLinear by 1,813.5% during the fourth quarter. Point72 Asset Management L.P. now owns 1,256,300 shares of the semiconductor company's stock worth $24,850,000 after purchasing an additional 1,190,647 shares in the last quarter. Victory Capital Management Inc. grew its holdings 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 worth $11,596,000 after purchasing an additional 251,797 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings 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 worth $11,580,000 after purchasing an additional 48,995 shares in the last quarter. 90.79% of the stock is owned by hedge funds and other institutional investors.

MaxLinear Stock Performance

NASDAQ:MXL opened at $15.55 on Friday. The business has a 50 day moving average of $15.47 and a 200 day moving average of $13.26. The company has a market capitalization of $1.35 billion, a price-to-earnings ratio of -6.30 and a beta of 1.76. 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 0.25, a current ratio of 1.55 and a quick ratio of 1.14.

MaxLinear (NASDAQ:MXL - Get Free Report) last released its earnings results on Wednesday, July 23rd. The semiconductor company reported $0.02 earnings per share for the quarter, hitting analysts' consensus estimates 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 return on equity of 18.16% and a negative net margin of 55.53%.MaxLinear's quarterly revenue was up 18.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.25) EPS. MaxLinear has set its Q3 2025 guidance at EPS. On average, sell-side analysts predict that MaxLinear, Inc will post -0.37 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other MaxLinear news, insider Steven G. Litchfield sold 102,157 shares of the business'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 value of $1,765,272.96. Following the completion of the sale, the insider owned 312,203 shares in the company, valued at approximately $5,394,867.84. The trade was 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. Insiders own 7.80% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on MXL. Stifel Nicolaus boosted their price objective on MaxLinear from $16.00 to $18.00 and gave the stock a "buy" rating in a report on Friday, July 18th. Benchmark reissued a "buy" rating and set a $25.00 price objective on shares of MaxLinear in a report on Tuesday. Loop Capital reissued a "hold" rating and set a $15.00 price objective (up previously from $10.00) on shares of MaxLinear in a report on Monday, August 4th. Susquehanna boosted their price objective on MaxLinear from $11.00 to $15.00 and gave the stock a "neutral" rating in a report on Tuesday, July 22nd. Finally, Wells Fargo & Company boosted their price objective on MaxLinear from $13.00 to $18.00 and gave the stock an "equal weight" rating in a report on Thursday, July 24th. Four research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, MaxLinear presently has a consensus rating of "Hold" and an average price target of $19.31.

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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