MaxLinear, Inc $MXL Shares Acquired by Public Sector Pension Investment Board

Key Points

• The Public Sector Pension Investment Board has increased its stake in MaxLinear, Inc by 27.7% in the first quarter, now owning approximately 0.29% of the company valued at $2.65 million.
• Several hedge funds have also boosted their holdings in MaxLinear, with Larson Financial Group increasing its position by 144.3% during the same period.
• MaxLinear reported revenue of $108.81 million in its recent quarterly earnings, marking an 18.3% increase compared to the same quarter last year, and met the earnings per share consensus of $0.02.

Public Sector Pension Investment Board grew its stake in shares of MaxLinear, Inc (NASDAQ:MXL - Free Report) by 27.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 244,236 shares of the semiconductor company's stock after acquiring an additional 52,920 shares during the quarter. Public Sector Pension Investment Board owned about 0.29% of MaxLinear worth $2,652,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of MXL. Larson Financial Group LLC increased its stake in shares of MaxLinear by 144.3% during the 1st quarter. Larson Financial Group LLC now owns 6,863 shares of the semiconductor company's stock valued at $75,000 after acquiring an additional 4,054 shares during the last quarter. CWM LLC increased its stake 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 during the last quarter. Aigen Investment Management LP acquired a new position in shares of MaxLinear during the 1st quarter valued at about $117,000. Blair William & Co. IL increased its stake in shares of MaxLinear by 4.1% during the 1st quarter. Blair William & Co. IL now owns 22,756 shares of the semiconductor company's stock valued at $247,000 after acquiring an additional 902 shares during the last quarter. Finally, Teacher Retirement System of Texas acquired a new position in shares of MaxLinear during the 1st quarter valued at about $266,000. Institutional investors and hedge funds own 90.79% of the company's stock.

Analyst Ratings Changes

MXL has been the subject of a number of research analyst reports. Benchmark upped their price objective on shares of MaxLinear from $20.00 to $25.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. Wall Street Zen downgraded shares of MaxLinear from a "buy" rating to a "hold" rating in a research note on Friday. Stifel Nicolaus upped their price objective on shares of MaxLinear from $16.00 to $18.00 and gave the company a "buy" rating in a research note on Friday, July 18th. Loop Capital reiterated a "hold" rating and set a $15.00 target price (up previously from $10.00) on shares of MaxLinear in a report on Monday, August 4th. Finally, Wells Fargo & Company boosted their target price on MaxLinear from $13.00 to $18.00 and gave the stock an "equal weight" rating in a report on Thursday, July 24th. Four investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $19.31.

MaxLinear Stock Up 1.7%

Shares of MaxLinear stock traded up $0.28 on Monday, hitting $16.63. 2,090,961 shares of the company's stock traded hands, compared to its average volume of 1,515,667. The stock has a market cap of $1.45 billion, a P/E ratio of -6.73 and a beta of 1.69. The company has a quick ratio of 1.14, a current ratio of 1.55 and a debt-to-equity ratio of 0.25. The firm's 50-day moving average is $15.04 and its 200 day moving average is $13.23. 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 released its earnings results on Wednesday, July 23rd. The semiconductor company reported $0.02 EPS for the quarter, meeting the consensus estimate 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%.The business's revenue was up 18.3% on a year-over-year basis. During the same period in the prior year, the business posted ($0.25) EPS. MaxLinear has set its Q3 2025 guidance at EPS. Equities analysts anticipate that MaxLinear, Inc will post -0.37 earnings per share for the current year.

MaxLinear Company 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.