PDT Partners LLC Purchases 23,579 Shares of MaxLinear, Inc $MXL

Key Points

• PDT Partners LLC has increased its stake in MaxLinear, Inc by 12.7%, now owning approximately 0.25% of the company valued at $2,272,000 as of its latest filing.
• MaxLinear reported an earnings per share (EPS) of $0.02 for the last quarter, meeting analyst expectations, with revenues up 18.3% year-over-year.
• Analyst ratings for MaxLinear indicate a consensus of "Hold" with a target price around $19.31, reflecting mixed investor sentiment.

PDT Partners LLC boosted its stake in shares of MaxLinear, Inc (NASDAQ:MXL - Free Report) by 12.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 209,227 shares of the semiconductor company's stock after purchasing an additional 23,579 shares during the quarter. PDT Partners LLC owned approximately 0.25% of MaxLinear worth $2,272,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. BI Asset Management Fondsmaeglerselskab A S purchased a new position in MaxLinear in the 1st quarter valued at about $49,000. Larson Financial Group LLC raised its position 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 valued at $75,000 after purchasing an additional 4,054 shares in the last quarter. CWM LLC raised its position in shares of MaxLinear by 119.6% during the 1st quarter. CWM LLC now owns 10,050 shares of the semiconductor company's stock valued at $109,000 after acquiring an additional 5,474 shares in the last quarter. Aigen Investment Management LP acquired a new stake in shares of MaxLinear during the 1st quarter worth approximately $117,000. Finally, First Trust Advisors LP acquired a new stake in shares of MaxLinear in the fourth quarter valued at approximately $280,000. 90.79% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at MaxLinear

In other news, insider Steven G. Litchfield sold 102,157 shares of MaxLinear stock in a transaction dated Tuesday, August 26th. The stock was 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 7.80% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on MXL shares. Susquehanna lifted their price target on shares of MaxLinear from $11.00 to $15.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 22nd. Loop Capital reissued a "hold" rating and issued a $15.00 price target (up previously from $10.00) on shares of MaxLinear in a research note on Monday, August 4th. Wall Street Zen downgraded MaxLinear from a "buy" rating to a "hold" rating in a research note on Friday, August 22nd. Stifel Nicolaus lifted their price target on MaxLinear from $16.00 to $18.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. Finally, Benchmark reaffirmed a "buy" rating and set a $25.00 price objective on shares of MaxLinear in a report on Tuesday, September 2nd. Four investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $19.31.

MaxLinear Price Performance

NASDAQ MXL traded up $0.08 on Monday, hitting $15.71. 193,277 shares of the company's stock were exchanged, compared to its average volume of 1,593,024. The stock has a market cap of $1.37 billion, a price-to-earnings ratio of -6.36 and a beta of 1.76. The company has a current ratio of 1.55, a quick ratio of 1.14 and a debt-to-equity ratio of 0.25. The stock has a 50-day moving average of $15.50 and a 200-day moving average of $13.19. MaxLinear, Inc has a 52 week low of $8.35 and a 52 week high of $25.73.

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

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.