Algert Global LLC Has $2 Million Holdings in MaxLinear, Inc $MXL

Key Points

• Algert Global LLC increased its stake in MaxLinear, Inc by 28.4% in Q1, now owning approximately 183,991 shares valued at about $1.998 million.
• Multiple institutional investors have recently acquired stakes in MaxLinear, with institutional ownership now at 90.79%.
• Analysts have mixed ratings on MXL stock, with a consensus rating of "Hold" and an average target price of $19.31.

Algert Global LLC grew its holdings in shares of MaxLinear, Inc (NASDAQ:MXL - Free Report) by 28.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 183,991 shares of the semiconductor company's stock after purchasing an additional 40,644 shares during the period. Algert Global LLC owned approximately 0.22% of MaxLinear worth $1,998,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of MXL. The Manufacturers Life Insurance Company boosted its stake in MaxLinear by 3,698.1% during the fourth quarter. The Manufacturers Life Insurance Company now owns 1,525,419 shares of the semiconductor company's stock valued at $30,173,000 after buying an additional 1,485,256 shares in the last quarter. Invesco Ltd. boosted its stake in MaxLinear by 414.8% during the first quarter. Invesco Ltd. now owns 1,684,247 shares of the semiconductor company's stock valued at $18,291,000 after buying an additional 1,357,093 shares in the last quarter. Point72 Hong Kong Ltd bought a new position in MaxLinear during the fourth quarter valued at about $25,659,000. Schonfeld Strategic Advisors LLC bought a new position in MaxLinear during the fourth quarter valued at about $25,027,000. Finally, Point72 Asset Management L.P. boosted its stake in 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 valued at $24,850,000 after buying an additional 1,190,647 shares in the last quarter. Institutional investors own 90.79% of the company's stock.

Insider Buying and Selling

In other MaxLinear news, insider Steven G. Litchfield sold 102,157 shares of the firm's stock in a transaction dated 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 sale, the insider directly 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 sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 7.80% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on MXL shares. 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 research note on Thursday, July 24th. Stifel Nicolaus raised 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. Wall Street Zen cut MaxLinear from a "buy" rating to a "hold" rating in a research note on Friday, August 22nd. Loop Capital reiterated a "hold" rating and issued a $15.00 price target (up previously from $10.00) on shares of MaxLinear in a research report on Monday, August 4th. Finally, Benchmark increased their price target on MaxLinear from $20.00 to $25.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. Four equities 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, the company has a consensus rating of "Hold" and an average price target of $19.31.

MaxLinear Trading Down 2.8%

Shares of NASDAQ:MXL traded down $0.48 during midday trading on Wednesday, reaching $16.74. The company had a trading volume of 1,424,105 shares, compared to its average volume of 1,542,746. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.14 and a current ratio of 1.55. MaxLinear, Inc has a 1-year low of $8.35 and a 1-year high of $25.73. The firm has a market cap of $1.46 billion, a price-to-earnings ratio of -6.78 and a beta of 1.69. The company has a fifty day simple moving average of $15.20 and a two-hundred day simple moving average of $13.28.

MaxLinear (NASDAQ:MXL - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The semiconductor company reported $0.02 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 firm had revenue of $108.81 million during the quarter, compared to analyst estimates of $104.94 million. During the same period last year, the company posted ($0.25) EPS. The business's quarterly revenue was up 18.3% compared to the same quarter last year. MaxLinear has set its Q3 2025 guidance at EPS. Research analysts predict that MaxLinear, Inc will post -0.37 earnings per share for the current year.

MaxLinear Company 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.