Ieq Capital LLC Takes $228,000 Position in MaxLinear, Inc $MXL

Key Points

• Ieq Capital LLC invested approximately $228,000 in MaxLinear, acquiring 20,979 shares of the semiconductor company during the 1st quarter.
• Insider Steven G. Litchfield sold over 102,000 shares, resulting in a 24.65% decrease in his position, while company insiders collectively own 7.80% of MaxLinear's stock.
• Analysts have given MaxLinear a consensus rating of "Hold" with a price target averaging $19.31, with several upgrades and downgrades from various firms recently.

Ieq Capital LLC purchased a new stake in MaxLinear, Inc (NASDAQ:MXL - Free Report) in the first quarter, according to its most recent filing with the SEC. The fund purchased 20,979 shares of the semiconductor company's stock, valued at approximately $228,000.

A number of other institutional investors have also recently added to or reduced their stakes in MXL. First Trust Advisors LP bought a new position in shares of MaxLinear in the fourth quarter worth $280,000. Stifel Financial Corp lifted its position in shares of MaxLinear by 97.3% in the 4th quarter. Stifel Financial Corp now owns 47,253 shares of the semiconductor company's stock worth $935,000 after acquiring an additional 23,300 shares during the period. Price T Rowe Associates Inc. MD lifted its position in shares of MaxLinear by 1.1% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 60,406 shares of the semiconductor company's stock worth $1,195,000 after buying an additional 631 shares during the period. Balyasny Asset Management L.P. acquired a new stake in MaxLinear during the 4th quarter valued at $2,397,000. Finally, Driehaus Capital Management LLC acquired a new stake in shares of MaxLinear in the 4th quarter valued at $12,675,000. 90.79% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Stifel Nicolaus upped their target price on MaxLinear from $16.00 to $18.00 and gave the stock a "buy" rating in a report on Friday, July 18th. Loop Capital reiterated a "hold" rating and set a $15.00 price target (up from $10.00) on shares of MaxLinear in a report on Monday, August 4th. Susquehanna raised their target price on MaxLinear from $11.00 to $15.00 and gave the company a "neutral" rating in a research note on Tuesday, July 22nd. Wells Fargo & Company raised 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. Finally, Benchmark reaffirmed a "buy" rating and issued a $25.00 price target on shares of MaxLinear in a report on Tuesday, September 2nd. Four research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $19.31.

MaxLinear Price Performance

Shares of NASDAQ:MXL traded down $0.04 on Thursday, reaching $15.74. The company's stock had a trading volume of 590,865 shares, compared to its average volume of 1,586,273. 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. The company has a 50-day simple moving average of $15.60 and a 200 day simple moving average of $13.23. The company has a market cap of $1.37 billion, a P/E ratio of -6.42 and a beta of 1.76.

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

Insider Activity at MaxLinear

In other 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 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. This trade represents a 24.65% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 7.80% of the company's stock.

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.