Hsbc Holdings PLC Cuts Position in MaxLinear, Inc $MXL

Key Points

• Hsbc Holdings PLC reduced its stake in MaxLinear, Inc by 22.3% in Q1, now holding 73,817 shares valued at $785,000.
• MaxLinear's stock price fell 6.2%, trading at $15.72, with analysts predicting a negative EPS of -0.37 for the current year.
• Insider sales include Steven G. Litchfield, who sold 102,157 shares, decreasing his position by 24.65%.

Hsbc Holdings PLC lowered its stake in MaxLinear, Inc (NASDAQ:MXL - Free Report) by 22.3% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 73,817 shares of the semiconductor company's stock after selling 21,167 shares during the quarter. Hsbc Holdings PLC owned 0.09% of MaxLinear worth $785,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in MaxLinear by 5.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 147,210 shares of the semiconductor company's stock worth $2,912,000 after purchasing an additional 7,711 shares during the last quarter. Principal Financial Group Inc. boosted its stake in MaxLinear by 2.7% during the 1st quarter. Principal Financial Group Inc. now owns 384,677 shares of the semiconductor company's stock worth $4,178,000 after purchasing an additional 9,955 shares during the last quarter. GAMMA Investing LLC boosted its stake in MaxLinear by 889.1% during the 1st quarter. GAMMA Investing LLC now owns 40,888 shares of the semiconductor company's stock worth $444,000 after purchasing an additional 36,754 shares during the last quarter. Federated Hermes Inc. acquired a new stake in MaxLinear during the 1st quarter worth $1,486,000. Finally, Teacher Retirement System of Texas acquired a new stake in MaxLinear during the 1st quarter worth $266,000. Institutional investors and hedge funds own 90.79% of the company's stock.

MaxLinear Trading Down 2.5%

NASDAQ MXL traded down $0.39 during trading hours on Wednesday, reaching $15.23. The company had a trading volume of 1,100,977 shares, compared to its average volume of 1,607,894. The stock has a 50-day moving average of $15.42 and a 200 day moving average of $13.25. MaxLinear, Inc has a 1-year low of $8.35 and a 1-year high of $25.73. The company has a current ratio of 1.55, a quick ratio of 1.14 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $1.33 billion, a P/E ratio of -6.17 and a beta of 1.76.

MaxLinear (NASDAQ:MXL - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The semiconductor company reported $0.02 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 company had revenue of $108.81 million for the quarter, compared to analysts' expectations of $104.94 million. During the same quarter in the prior year, the company posted ($0.25) earnings per share. MaxLinear'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, research analysts anticipate that MaxLinear, Inc will post -0.37 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Stifel Nicolaus boosted their price target on shares of MaxLinear from $16.00 to $18.00 and gave the company a "buy" rating in a research report on Friday, July 18th. Wells Fargo & Company boosted their price target on shares of MaxLinear from $13.00 to $18.00 and gave the company an "equal weight" rating in a research report on Thursday, July 24th. Loop Capital reissued 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. Susquehanna boosted their price target on shares of MaxLinear from $11.00 to $15.00 and gave the company a "neutral" rating in a research report on Tuesday, July 22nd. Finally, Wall Street Zen cut shares of MaxLinear from a "buy" rating to a "hold" rating in a research report on Friday, August 22nd. Four research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $19.31.

Insider Buying and Selling

In other MaxLinear news, insider Steven G. Litchfield sold 102,157 shares of the business's stock in a transaction dated 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 sale, the insider directly owned 312,203 shares in the company, valued at $5,394,867.84. This represents a 24.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 7.80% of the stock is owned by insiders.

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.