Nuveen LLC Purchases New Position in MaxLinear, Inc $MXL

Key Points

• Nuveen LLC has acquired a new stake in MaxLinear, Inc, purchasing 418,681 shares valued at approximately $4,547,000, representing 0.49% ownership of the company.
• MaxLinear's stock price opened at $17.22, with a market cap of $1.50 billion and a PE ratio of -6.97, indicating a challenging profitability situation.
• Analysts have mixed views on MaxLinear, with price targets ranging from $15.00 to $25.00, and a consensus rating of "Hold" as well as an average price target of $19.31.

Nuveen LLC bought a new position in shares of MaxLinear, Inc (NASDAQ:MXL - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 418,681 shares of the semiconductor company's stock, valued at approximately $4,547,000. Nuveen LLC owned 0.49% of MaxLinear as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Aigen Investment Management LP acquired a new stake in shares of MaxLinear in the first quarter worth $117,000. Invesco Ltd. raised its holdings in MaxLinear by 414.8% in the 1st quarter. Invesco Ltd. now owns 1,684,247 shares of the semiconductor company's stock worth $18,291,000 after acquiring an additional 1,357,093 shares during the period. Headlands Technologies LLC lifted its position in MaxLinear by 31.6% during the 1st quarter. Headlands Technologies LLC now owns 25,063 shares of the semiconductor company's stock worth $272,000 after acquiring an additional 6,022 shares during the last quarter. Deutsche Bank AG lifted its position in MaxLinear by 5.8% during the 1st quarter. Deutsche Bank AG now owns 473,312 shares of the semiconductor company's stock worth $5,140,000 after acquiring an additional 25,739 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in MaxLinear by 4.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,066,306 shares of the semiconductor company's stock valued at $11,580,000 after acquiring an additional 48,995 shares during the period. Institutional investors own 90.79% of the company's stock.

Insiders Place Their Bets

In related 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 of the company's stock, valued at $5,394,867.84. This represents a 24.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 7.80% of the stock is currently owned by insiders.

Analyst Ratings Changes

MXL has been the topic of a number of recent analyst reports. Stifel Nicolaus lifted their price objective on MaxLinear from $16.00 to $18.00 and gave the stock a "buy" rating in a research note on Friday, July 18th. Loop Capital reaffirmed a "hold" rating and issued a $15.00 target price (up previously from $10.00) on shares of MaxLinear in a report on Monday, August 4th. Susquehanna upped their price target on MaxLinear from $11.00 to $15.00 and gave the stock a "neutral" rating in a report on Tuesday, July 22nd. Benchmark increased their price objective on MaxLinear from $20.00 to $25.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. Finally, Wall Street Zen downgraded shares of MaxLinear from a "buy" rating to a "hold" rating in a research note on Friday, August 22nd. Four analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $19.31.

MaxLinear Stock Performance

MXL stock traded down $1.04 during midday trading on Monday, hitting $15.72. The stock had a trading volume of 1,028,469 shares, compared to its average volume of 1,513,545. The firm has a market capitalization of $1.37 billion, a price-to-earnings ratio of -6.36 and a beta of 1.76. MaxLinear, Inc has a 52 week low of $8.35 and a 52 week high of $25.73. The stock has a 50-day simple moving average of $15.38 and a 200 day simple moving average of $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 (NASDAQ:MXL - Get Free Report) last announced 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 net margin of 55.53% and a negative return on equity of 18.16%. The firm had revenue of $108.81 million for the quarter, compared to analyst estimates of $104.94 million. During the same quarter in the previous year, the firm posted ($0.25) EPS. The business'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, equities research analysts anticipate 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.