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MaxLinear, Inc $MXL Shares Acquired by Jump Financial LLC

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Key Points

  • Jump Financial LLC significantly increased its stake in MaxLinear, Inc by 471.3%, owning 216,162 shares worth approximately $2.35 million at the end of the first quarter.
  • Other major institutional investors also ramped up their holdings in MaxLinear during the fourth quarter, with the Manufacturers Life Insurance Company increasing its stake by a staggering 3,698.1%.
  • Despite reporting flat earnings per share in its latest quarterly results, MaxLinear showed a 18.3% revenue increase year-over-year, which suggests potential growth moving forward.
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Jump Financial LLC lifted its stake in shares of MaxLinear, Inc (NASDAQ:MXL - Free Report) by 471.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 216,162 shares of the semiconductor company's stock after acquiring an additional 178,322 shares during the period. Jump Financial LLC owned 0.26% of MaxLinear worth $2,348,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the company. BI Asset Management Fondsmaeglerselskab A S purchased a new position in MaxLinear in the 1st quarter valued at about $49,000. Larson Financial Group LLC raised its position in shares of 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 buying an additional 4,054 shares during the last quarter. CWM LLC raised its position in shares of MaxLinear by 119.6% in the first quarter. CWM LLC now owns 10,050 shares of the semiconductor company's stock valued at $109,000 after buying an additional 5,474 shares during the last quarter. Aigen Investment Management LP purchased a new position in shares of MaxLinear during the first quarter valued at approximately $117,000. Finally, First Trust Advisors LP acquired a new stake in MaxLinear during the fourth quarter worth approximately $280,000. Institutional investors and hedge funds own 90.79% of the company's stock.

Analysts Set New Price Targets

Several brokerages have weighed in on MXL. Susquehanna boosted their price target on MaxLinear from $11.00 to $15.00 and gave the company a "neutral" rating in a report on Tuesday, July 22nd. Benchmark lifted their price objective on MaxLinear from $20.00 to $25.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. Stifel Nicolaus upped their target price on MaxLinear from $16.00 to $18.00 and gave the company a "buy" rating in a research note on Friday, July 18th. Loop Capital reiterated a "hold" rating and set a $15.00 target price (up from $10.00) on shares of MaxLinear in a research report on Monday, August 4th. Finally, Wells Fargo & Company raised their price target on MaxLinear from $13.00 to $18.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 24th. Four equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $19.31.

Check Out Our Latest Analysis on MXL

Insider Activity at MaxLinear

In related news, insider Steven G. Litchfield sold 102,157 shares of MaxLinear 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 owned 312,203 shares in the company, valued at approximately $5,394,867.84. The trade was a 24.65% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 7.80% of the company's stock.

MaxLinear Trading Down 6.2%

Shares of MaxLinear stock traded down $1.04 during trading hours on Friday, reaching $15.72. The stock had a trading volume of 1,028,469 shares, compared to its average volume of 1,558,554. The firm has a market capitalization of $1.37 billion, a price-to-earnings ratio of -6.36 and a beta of 1.69. 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 firm has a 50 day simple moving average of $15.32 and a two-hundred day simple moving average of $13.26.

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

MaxLinear Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for MaxLinear (NASDAQ:MXL)

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