The Manufacturers Life Insurance Company Boosts Position in MaxLinear, Inc $MXL

Key Points

• The Manufacturers Life Insurance Company increased its stake in MaxLinear, Inc by 48.2%, now owning approximately 2.67% of the company, worth around $24.5 million.
• Several hedge funds have recently acquired shares in MaxLinear, contributing to institutional investors owning 90.79% of the company’s stock.
• MaxLinear reported a revenue of $108.81 million for the recent quarter, exceeding analyst estimates, while earnings per share matched expectations at $0.02.

The Manufacturers Life Insurance Company raised its stake in MaxLinear, Inc (NASDAQ:MXL - Free Report) by 48.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,260,392 shares of the semiconductor company's stock after purchasing an additional 734,973 shares during the period. The Manufacturers Life Insurance Company owned 2.67% of MaxLinear worth $24,548,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in MaxLinear in the first quarter valued at approximately $49,000. Larson Financial Group LLC raised its position in 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 during the last quarter. CWM LLC raised its position in MaxLinear by 119.6% in the 1st quarter. CWM LLC now owns 10,050 shares of the semiconductor company's stock valued at $109,000 after purchasing an additional 5,474 shares during the last quarter. Aigen Investment Management LP purchased a new stake in MaxLinear in the 1st quarter valued at $117,000. Finally, First Trust Advisors LP purchased a new stake in MaxLinear in the 4th quarter valued at $280,000. 90.79% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at MaxLinear

In other news, insider Steven G. Litchfield sold 102,157 shares of the firm's stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $17.28, for a total transaction 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 $5,394,867.84. This trade represents a 24.65% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 7.80% of the stock is owned by company insiders.

Analyst Ratings Changes

MXL has been the topic of several analyst reports. Wells Fargo & Company lifted their target price on MaxLinear from $13.00 to $18.00 and gave the company an "equal weight" rating in a research note on Thursday, July 24th. Wall Street Zen downgraded MaxLinear from a "buy" rating to a "hold" rating in a research note on Friday, August 22nd. Loop Capital reiterated a "hold" rating and issued a $15.00 target price (up from $10.00) on shares of MaxLinear in a research note on Monday, August 4th. Benchmark reiterated a "buy" rating and issued a $25.00 target price on shares of MaxLinear in a research note on Tuesday, September 2nd. Finally, Susquehanna lifted their target price on MaxLinear from $11.00 to $15.00 and gave the company a "neutral" rating in a research note on Tuesday, July 22nd. Four research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $19.31.

MaxLinear Price Performance

Shares of NASDAQ:MXL traded up $0.16 during trading on Monday, hitting $15.79. 62,272 shares of the stock were exchanged, compared to its average volume of 1,592,570. The company has a fifty day moving average price of $15.50 and a two-hundred day moving average price of $13.19. The company has a market cap of $1.37 billion, a PE ratio of -6.41 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. MaxLinear, Inc has a 12-month low of $8.35 and a 12-month 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, hitting the consensus estimate of $0.02. The business had revenue of $108.81 million for the quarter, compared to analyst estimates of $104.94 million. MaxLinear had a negative return on equity of 18.16% and a negative net margin of 55.53%.The company's quarterly revenue was up 18.3% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.25) EPS. MaxLinear has set its Q3 2025 guidance at EPS. On average, analysts forecast that MaxLinear, Inc will post -0.37 EPS 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.