MaxLinear, Inc $MXL Stock Position Lifted by Cubist Systematic Strategies LLC

Key Points

• Cubist Systematic Strategies LLC increased its stake in MaxLinear, Inc by 635.1% in Q1, owning approximately 810,438 shares valued at $8.8 million.
• Institutional investors currently hold 90.79% of MaxLinear's stock, indicating strong institutional support.
• MaxLinear's stock has seen a price decrease of 6.2% and has a market cap of $1.37 billion, with recent earnings meeting expectations but exhibiting a negative return on equity.

Cubist Systematic Strategies LLC lifted its stake in shares of MaxLinear, Inc (NASDAQ:MXL - Free Report) by 635.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 810,438 shares of the semiconductor company's stock after purchasing an additional 700,189 shares during the quarter. Cubist Systematic Strategies LLC owned about 0.96% of MaxLinear worth $8,801,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in MXL. First Trust Advisors LP acquired a new stake in shares of MaxLinear during the 4th quarter worth approximately $280,000. Stifel Financial Corp raised its position in shares of MaxLinear by 97.3% during the 4th quarter. Stifel Financial Corp now owns 47,253 shares of the semiconductor company's stock worth $935,000 after purchasing an additional 23,300 shares during the period. Price T Rowe Associates Inc. MD raised 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 purchasing an additional 631 shares during the period. Comerica Bank raised its position in shares of MaxLinear by 5.4% during the 4th quarter. Comerica Bank now owns 300,943 shares of the semiconductor company's stock worth $5,953,000 after purchasing an additional 15,284 shares during the period. Finally, Algert Global LLC raised its position in shares of MaxLinear by 25.7% during the 4th quarter. Algert Global LLC now owns 143,347 shares of the semiconductor company's stock worth $2,835,000 after purchasing an additional 29,353 shares during the period. 90.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Steven G. Litchfield sold 102,157 shares of MaxLinear stock in a transaction on 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 transaction, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 7.80% of the company's stock.

Wall Street Analyst Weigh In

MXL has been the topic of a number of research reports. Wall Street Zen cut MaxLinear from a "buy" rating to a "hold" rating in a research report on Friday, August 22nd. Wells Fargo & Company increased their price target on MaxLinear from $13.00 to $18.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 24th. Loop Capital reiterated a "hold" rating and set a $15.00 price target (up from $10.00) on shares of MaxLinear in a research report on Monday, August 4th. Benchmark raised their target price on MaxLinear from $20.00 to $25.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. Finally, Susquehanna raised 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 investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $19.31.

MaxLinear Stock Down 6.2%

MXL opened at $15.72 on Tuesday. MaxLinear, Inc has a 12 month low of $8.35 and a 12 month high of $25.73. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.55 and a quick ratio of 1.14. The stock has a market cap of $1.37 billion, a P/E ratio of -6.36 and a beta of 1.76. The stock's 50 day moving average price is $15.38 and its 200 day moving average price is $13.23.

MaxLinear (NASDAQ:MXL - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The semiconductor company reported $0.02 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.02. MaxLinear had a negative return on equity of 18.16% and a negative net margin of 55.53%.The company had revenue of $108.81 million for the quarter, compared to analysts' expectations of $104.94 million. During the same period last year, the firm earned ($0.25) EPS. The firm'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, research analysts predict that MaxLinear, Inc will post -0.37 earnings per share for the current year.

About MaxLinear

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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