AlphaQuest LLC Grows Stake in MaxLinear, Inc $MXL

Key Points

• AlphaQuest LLC increased its holdings in MaxLinear, Inc by 567.5% in the first quarter, bringing its ownership to 27,907 shares valued at $303,000.
• Insider Steven G. Litchfield sold 102,157 shares of MaxLinear stock at an average price of $17.28, resulting in a total sale value of approximately $1.77 million.
• Wall Street analysts have given MaxLinear an average rating of "Hold," with a consensus price target of $19.31, while some firms have upgraded their price targets significantly.

AlphaQuest LLC increased its stake in MaxLinear, Inc (NASDAQ:MXL - Free Report) by 567.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 27,907 shares of the semiconductor company's stock after purchasing an additional 23,726 shares during the period. AlphaQuest LLC's holdings in MaxLinear were worth $303,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of MaxLinear in the first quarter worth $49,000. Larson Financial Group LLC increased 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 worth $75,000 after purchasing an additional 4,054 shares during the period. CWM LLC increased 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 worth $109,000 after purchasing an additional 5,474 shares during the period. Aigen Investment Management LP bought a new position in shares of MaxLinear in the first quarter worth $117,000. Finally, First Trust Advisors LP bought a new position in shares of MaxLinear in the fourth quarter worth $280,000. Institutional investors own 90.79% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently commented on MXL shares. Stifel Nicolaus raised their price target on MaxLinear from $16.00 to $18.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. Wall Street Zen cut MaxLinear from a "buy" rating to a "hold" rating in a research report on Friday, August 22nd. Benchmark reiterated a "buy" rating and issued a $25.00 target price on shares of MaxLinear in a research report on Tuesday. Wells Fargo & Company lifted their target price on MaxLinear from $13.00 to $18.00 and gave the company an "equal weight" rating in a research report on Thursday, July 24th. Finally, Susquehanna lifted their target price on MaxLinear from $11.00 to $15.00 and gave the company a "neutral" rating in a research report on Tuesday, July 22nd. Four equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, MaxLinear has a consensus rating of "Hold" and an average price target of $19.31.

Insider Activity at MaxLinear

In related news, insider Steven G. Litchfield sold 102,157 shares of the 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 sale, the insider owned 312,203 shares of the company's stock, valued at approximately $5,394,867.84. This represents a 24.65% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 7.80% of the stock is owned by corporate insiders.

MaxLinear Trading Down 1.9%

MXL stock traded down $0.31 during mid-day trading on Tuesday, reaching $15.42. The company's stock had a trading volume of 621,507 shares, compared to its average volume of 1,607,730. The company has a market cap of $1.34 billion, a price-to-earnings ratio of -6.24 and a beta of 1.76. The business's 50 day moving average price is $15.38 and its 200 day moving average price is $13.23. The company has a current ratio of 1.55, a quick ratio of 1.14 and a debt-to-equity ratio of 0.25. MaxLinear, Inc has a 12 month low of $8.35 and a 12 month high of $25.73.

MaxLinear (NASDAQ:MXL - Get Free Report) last issued 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 business 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%.The firm's revenue for the quarter was up 18.3% on a year-over-year basis. During the same period in the previous year, the company posted ($0.25) earnings per share. MaxLinear has set its Q3 2025 guidance at EPS. On average, equities research analysts predict that MaxLinear, Inc will post -0.37 EPS 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.