Voya Investment Management LLC Has $2.42 Million Stock Holdings in MaxLinear, Inc $MXL

Key Points

• Voya Investment Management LLC increased its holdings in MaxLinear, Inc by 16.9% in Q1, owning approximately $2.42 million worth of shares.
• Insider Steven G. Litchfield sold 102,157 shares for about $1.77 million, reducing his position by 24.65%.
• MaxLinear's stock is currently rated as a "Hold" by analysts, with a consensus price target of $19.31, reflecting recent upgrades from several firms.

Voya Investment Management LLC grew its holdings in MaxLinear, Inc (NASDAQ:MXL - Free Report) by 16.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 223,180 shares of the semiconductor company's stock after purchasing an additional 32,258 shares during the period. Voya Investment Management LLC owned approximately 0.26% of MaxLinear worth $2,424,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Invesco Ltd. increased its holdings in MaxLinear by 414.8% during the 1st quarter. Invesco Ltd. now owns 1,684,247 shares of the semiconductor company's stock worth $18,291,000 after purchasing an additional 1,357,093 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its stake in shares of MaxLinear by 1,426.9% in the first quarter. Jacobs Levy Equity Management Inc. now owns 1,004,835 shares of the semiconductor company's stock worth $10,913,000 after purchasing an additional 939,027 shares during the last quarter. Cinctive Capital Management LP purchased a new stake in MaxLinear in the first quarter worth about $8,610,000. The Manufacturers Life Insurance Company lifted its holdings in shares of MaxLinear by 48.2% during the first quarter. The Manufacturers Life Insurance Company now owns 2,260,392 shares of the semiconductor company's stock valued at $24,548,000 after purchasing an additional 734,973 shares during the last quarter. Finally, Cubist Systematic Strategies LLC raised its holdings in MaxLinear by 635.1% in the 1st quarter. Cubist Systematic Strategies LLC now owns 810,438 shares of the semiconductor company's stock worth $8,801,000 after acquiring an additional 700,189 shares during the last quarter. Institutional investors and hedge funds own 90.79% of the company's stock.

MaxLinear Stock Down 2.8%

MXL traded down $0.47 during trading on Tuesday, hitting $16.64. The company had a trading volume of 372,073 shares, compared to its average volume of 1,569,474. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.55 and a quick ratio of 1.14. MaxLinear, Inc has a 1-year low of $8.35 and a 1-year high of $25.73. The business has a 50-day moving average of $15.84 and a 200-day moving average of $13.35. The company has a market cap of $1.45 billion, a PE ratio of -6.74 and a beta of 1.76.

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 for the quarter, hitting analysts' consensus estimates of $0.02. The business 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 company earned ($0.25) EPS. MaxLinear has set its Q3 2025 guidance at EPS. As a group, analysts forecast that MaxLinear, Inc will post -0.37 earnings per share for the current year.

Insider Buying and Selling at MaxLinear

In other MaxLinear news, insider Steven G. Litchfield sold 102,157 shares of the firm's 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 directly owned 312,203 shares in the company, valued at $5,394,867.84. This trade represents a 24.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 7.80% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Loop Capital reissued a "hold" rating and set a $15.00 price objective (up previously from $10.00) on shares of MaxLinear in a research report on Monday, August 4th. Wells Fargo & Company increased their price objective on shares of MaxLinear from $13.00 to $18.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 24th. Susquehanna upped 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. Wall Street Zen raised shares of MaxLinear from a "hold" rating to a "buy" rating in a report on Saturday. Finally, Benchmark reissued a "buy" rating and set a $25.00 target price on shares of MaxLinear in a research note on Tuesday, September 2nd. Four analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price 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.