Needham Investment Management LLC Cuts Stock Position in MaxLinear, Inc $MXL

Key Points

• Needham Investment Management LLC reduced its stake in MaxLinear, Inc by 33.3%, holding now approximately $1.63 million worth of stock after selling 75,000 shares.
• MaxLinear reported a revenue increase of 18.3% year-over-year for the last quarter, meeting EPS estimates at $0.02, with projected EPS for the current year expected to be -0.37.
• Institutional investors own 90.79% of MaxLinear's stock, indicating strong institutional interest and investment in the semiconductor company.

Needham Investment Management LLC reduced its position in shares of MaxLinear, Inc (NASDAQ:MXL - Free Report) by 33.3% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 150,000 shares of the semiconductor company's stock after selling 75,000 shares during the quarter. Needham Investment Management LLC owned approximately 0.18% of MaxLinear worth $1,629,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MXL. BI Asset Management Fondsmaeglerselskab A S bought a new stake in MaxLinear during the 1st quarter valued at $49,000. Larson Financial Group LLC increased its stake in shares of MaxLinear by 144.3% in the 1st quarter. Larson Financial Group LLC now owns 6,863 shares of the semiconductor company's stock worth $75,000 after acquiring an additional 4,054 shares in the last quarter. CWM LLC increased its stake in shares of MaxLinear by 119.6% in the 1st quarter. CWM LLC now owns 10,050 shares of the semiconductor company's stock worth $109,000 after acquiring an additional 5,474 shares in the last quarter. Aigen Investment Management LP purchased a new stake in MaxLinear during the 1st quarter valued at about $117,000. Finally, Ieq Capital LLC purchased a new stake in shares of MaxLinear during the 1st quarter valued at about $228,000. 90.79% of the stock is currently owned by institutional investors.

Insider Activity

In related news, insider Steven G. Litchfield sold 102,157 shares of the firm's stock in a transaction on 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 directly owned 312,203 shares of the company's stock, valued at approximately $5,394,867.84. This trade represents a 24.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 7.80% of the stock is currently owned by insiders.

MaxLinear Price Performance

Shares of MaxLinear stock traded down $0.30 on Wednesday, hitting $15.78. 685,241 shares of the company traded hands, compared to its average volume of 1,592,119. The stock has a market capitalization of $1.37 billion, a P/E ratio of -6.39 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. MaxLinear, Inc has a 52 week low of $8.35 and a 52 week high of $25.73. The business has a 50-day simple moving average of $15.57 and a 200 day simple moving average of $13.21.

MaxLinear (NASDAQ:MXL - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The semiconductor company reported $0.02 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.02. The firm had revenue of $108.81 million for the quarter, compared to analysts' expectations of $104.94 million. MaxLinear had a negative net margin of 55.53% and a negative return on equity of 18.16%. The company's revenue for the quarter was up 18.3% compared to the same quarter last year. During the same quarter last year, the business posted ($0.25) earnings per share. MaxLinear has set its Q3 2025 guidance at EPS. Research analysts expect that MaxLinear, Inc will post -0.37 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently issued reports on MXL. Stifel Nicolaus raised their price objective on shares of MaxLinear from $16.00 to $18.00 and gave the stock a "buy" rating in a report on Friday, July 18th. Wells Fargo & Company raised their target price 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. Loop Capital restated a "hold" rating and set a $15.00 target price (up previously from $10.00) on shares of MaxLinear in a research note on Monday, August 4th. Susquehanna raised their target price 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. Finally, Benchmark restated a "buy" rating and set a $25.00 target price on shares of MaxLinear in a research note on Tuesday, September 2nd. Four investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, MaxLinear presently has a consensus rating of "Hold" and an average price target of $19.31.

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.