MaxLinear, Inc $MXL Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP decreased its stake in MaxLinear, Inc (NASDAQ:MXL - Free Report) by 89.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,000 shares of the semiconductor company's stock after selling 167,500 shares during the period. Wellington Management Group LLP's holdings in MaxLinear were worth $217,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Algert Global LLC boosted its holdings in shares of MaxLinear by 28.4% in the 1st quarter. Algert Global LLC now owns 183,991 shares of the semiconductor company's stock valued at $1,998,000 after buying an additional 40,644 shares in the last quarter. Fox Run Management L.L.C. boosted its stake in MaxLinear by 55.9% during the 1st quarter. Fox Run Management L.L.C. now owns 99,127 shares of the semiconductor company's stock worth $1,077,000 after purchasing an additional 35,533 shares during the period. Rathbones Group PLC boosted its stake in MaxLinear by 25.0% during the 1st quarter. Rathbones Group PLC now owns 26,320 shares of the semiconductor company's stock worth $286,000 after purchasing an additional 5,270 shares during the period. HighTower Advisors LLC boosted its stake in MaxLinear by 1.5% during the 1st quarter. HighTower Advisors LLC now owns 677,563 shares of the semiconductor company's stock worth $7,358,000 after purchasing an additional 9,957 shares during the period. Finally, Public Sector Pension Investment Board boosted its stake in MaxLinear by 27.7% during the 1st quarter. Public Sector Pension Investment Board now owns 244,236 shares of the semiconductor company's stock worth $2,652,000 after purchasing an additional 52,920 shares during the period. Institutional investors and hedge funds own 90.79% of the company's stock.

MaxLinear Stock Down 0.6%

MXL stock opened at $15.62 on Wednesday. MaxLinear, Inc has a one year low of $8.35 and a one year high of $25.73. The stock has a market capitalization of $1.36 billion, a PE ratio of -6.32 and a beta of 1.76. 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 fifty day moving average of $15.42 and a 200-day moving average of $13.25.

MaxLinear (NASDAQ:MXL - Get Free Report) last released its earnings results on Wednesday, July 23rd. The semiconductor company reported $0.02 EPS for the quarter, hitting the consensus estimate 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 during the quarter, compared to analysts' expectations of $104.94 million. During the same quarter last year, the business earned ($0.25) EPS. The business's revenue was up 18.3% on a year-over-year basis. MaxLinear has set its Q3 2025 guidance at EPS. As a group, analysts expect that MaxLinear, Inc will post -0.37 EPS for the current year.

Analysts Set New Price Targets

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

Insider Activity

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

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