MaxLinear, Inc $MXL Stock: Robeco Institutional Asset Management B.V. Cuts Stake

Key Points

• Robeco Institutional Asset Management cut its MaxLinear stake by 63.4% in the third quarter, selling 32,759 shares and retaining 18,911 shares worth approximately $1.7 million.
• Institutional investors own 90.79% of MaxLinear, while CEO Kishore Seendripu sold 351,454 shares for about $30.2 million; insiders own 7.7% of the company.
• MaxLinear reported quarterly EPS of $0.62 and revenue of $218.1 million, beating estimates, while analysts maintain an average “Hold” rating with a $94.30 price target.

Robeco Institutional Asset Management B.V. lowered its stake in MaxLinear, Inc (NASDAQ:MXL - Free Report) by 63.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,911 shares of the semiconductor company's stock after selling 32,759 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in MaxLinear were worth $1,708,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. AIGH Capital Management LLC purchased a new position in MaxLinear during the second quarter valued at approximately $104,729,000. Assenagon Asset Management S.A. increased its holdings in MaxLinear by 110.9% during the 2nd quarter. Assenagon Asset Management S.A. now owns 221,266 shares of the semiconductor company's stock worth $28,329,000 after acquiring an additional 116,339 shares during the period. Bank of America Corp DE bought a new stake in MaxLinear during the 2nd quarter worth approximately $33,963,000. UNICOM Systems Inc. purchased a new stake in MaxLinear in the 2nd quarter worth approximately $14,711,000. Finally, BlackRock Inc. purchased a new stake in MaxLinear in the 2nd quarter worth approximately $1,754,062,000. Hedge funds and other institutional investors own 90.79% of the company's stock.

Insider Activity at MaxLinear

In other news, CEO Kishore Seendripu sold 351,454 shares of the stock in a transaction on Monday, August 17th. The shares were sold at an average price of $85.95, for a total value of $30,207,471.30. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 7.70% of the stock is owned by insiders.

MaxLinear Price Performance

Shares of NASDAQ MXL opened at $63.46 on Monday. MaxLinear, Inc has a 12 month low of $12.77 and a 12 month high of $128.30. The company has a current ratio of 2.22, a quick ratio of 1.57 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $5.76 billion, a price-to-earnings ratio of -171.51 and a beta of 3.93. The business has a 50-day moving average of $77.12 and a 200-day moving average of $76.35.

MaxLinear (NASDAQ:MXL - Get Free Report) last posted its quarterly earnings data on Thursday, October 22nd. The semiconductor company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.06. The company had revenue of $218.06 million for the quarter, compared to analysts' expectations of $214.95 million. MaxLinear had a negative net margin of 4.45% and a positive return on equity of 12.89%. MaxLinear's revenue for the quarter was up 72.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.14 earnings per share. Sell-side analysts expect that MaxLinear, Inc will post 0.78 earnings per share for the current fiscal year.

Analyst Ratings Changes

MXL has been the subject of several analyst reports. Morgan Stanley set a $125.00 price target on shares of MaxLinear in a report on Monday, September 14th. Roth Capital upped their price target on shares of MaxLinear from $60.00 to $100.00 and gave the stock a "buy" rating in a report on Friday, July 24th. Susquehanna set a $70.00 price target on shares of MaxLinear in a report on Friday. Wells Fargo & Company lowered their price objective on MaxLinear from $95.00 to $78.00 and set an "equal weight" rating on the stock in a research report on Tuesday, October 20th. Finally, Needham & Company LLC lifted their price objective on MaxLinear from $60.00 to $100.00 and gave the company a "buy" rating in a research note on Friday, July 24th. Five research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $94.30.

MaxLinear News Roundup

Here are the key news stories impacting MaxLinear this week:

• Positive Sentiment: Beat-and-raise results: MaxLinear reported third-quarter adjusted EPS of $0.62, above the $0.56 consensus, while revenue rose 72.4% year over year to $218.1 million, exceeding expectations. GAAP results also improved to $28.9 million of net income from a $45.5 million loss a year earlier. MaxLinear earnings report
• Positive Sentiment: AI data-center momentum: Infrastructure revenue increased 210% year over year, driven by optical products used in AI data centers. The company raised its 2026 optical revenue forecast to $250 million-$270 million, with 1.6T products and hyperscaler orders supporting the outlook. MXL Q3 earnings call highlights
• Positive Sentiment: Above-consensus guidance: MaxLinear forecast fourth-quarter revenue of $240 million-$260 million, ahead of the $226 million analyst estimate. Fourth-quarter GAAP gross-margin guidance is 58%-61%, indicating continued operating improvement. MaxLinear beat-and-raise report
• Neutral Sentiment: MaxLinear expanded its revolving credit facility by $70 million to $200 million, improving financial flexibility but also increasing available borrowing capacity. MaxLinear expands credit facility
• Negative Sentiment: Profit-taking and positioning risks: The stock had already gained roughly 337% over the prior period, raising concerns that expectations may be elevated. Reported insider activity also shows substantial selling and no insider purchases over the past six months, which may be weighing on sentiment. Is MaxLinear stock too stretched?

MaxLinear Company Profile

MaxLinear, Inc is a fabless semiconductor company that designs, develops and sells integrated circuits and related solutions for broadband communications, wired and wireless infrastructure, data centers, industrial applications and consumer electronics. Its products are used by equipment manufacturers and service providers to support the transmission, processing and management of voice, video and data.

The company's portfolio includes broadband access system-on-chip products, Ethernet transceivers and controllers, high-speed interconnect and communications devices, radio-frequency and analog products, optical and copper connectivity solutions, and power-management components.

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