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

Voya Investment Management LLC increased its holdings in shares of MaxLinear, Inc (NASDAQ:MXL - Free Report) by 16.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 223,180 shares of the semiconductor company's stock after buying an additional 32,258 shares during the period. Voya Investment Management LLC owned about 0.26% of MaxLinear worth $2,424,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in MXL. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in MaxLinear during the 1st quarter worth approximately $49,000. Strs Ohio acquired a new stake in MaxLinear during the 1st quarter worth approximately $63,000. Larson Financial Group LLC boosted its position in MaxLinear by 144.3% during the 1st quarter. Larson Financial Group LLC now owns 6,863 shares of the semiconductor company's stock worth $75,000 after buying an additional 4,054 shares during the period. CWM LLC boosted its position in MaxLinear by 119.6% during the 1st quarter. CWM LLC now owns 10,050 shares of the semiconductor company's stock worth $109,000 after buying an additional 5,474 shares during the period. Finally, Aigen Investment Management LP acquired a new stake in MaxLinear during the 1st quarter worth approximately $117,000. 90.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at MaxLinear

In related news, insider Steven G. Litchfield sold 102,157 shares of MaxLinear stock in a transaction on 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 sale, the insider 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 document filed with the SEC, which can be accessed through the SEC website. Insiders own 7.80% of the company's stock.

MaxLinear Stock Performance

NASDAQ:MXL opened at $16.19 on Friday. The company has a fifty day moving average of $15.79 and a 200-day moving average of $13.31. The firm has a market capitalization of $1.41 billion, a P/E ratio of -6.55 and a beta of 1.76. The company has a quick ratio of 1.14, a current ratio of 1.55 and a debt-to-equity ratio of 0.25. MaxLinear, Inc has a twelve month low of $8.35 and a twelve month high of $25.73.

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, 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 company had revenue of $108.81 million during the quarter, compared to analyst estimates of $104.94 million. During the same quarter in the previous year, the business posted ($0.25) EPS. MaxLinear's revenue for the quarter was up 18.3% compared to the same quarter last year. MaxLinear has set its Q3 2025 guidance at EPS. As a group, sell-side analysts anticipate that MaxLinear, Inc will post -0.37 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on MXL shares. Wells Fargo & Company raised their price target on shares of MaxLinear from $13.00 to $18.00 and gave the stock an "equal weight" rating in a report on Thursday, July 24th. Stifel Nicolaus raised their price target on shares of MaxLinear from $16.00 to $18.00 and gave the stock a "buy" rating in a report on Friday, July 18th. Loop Capital restated a "hold" rating and set a $15.00 price target (up previously from $10.00) on shares of MaxLinear in a report on Monday, August 4th. Wall Street Zen upgraded shares of MaxLinear from a "hold" rating to a "buy" rating in a report on Saturday. Finally, Susquehanna raised their price target on shares of MaxLinear from $11.00 to $15.00 and gave the stock a "neutral" rating in a report 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's stock. According to MarketBeat.com, MaxLinear currently has a consensus rating of "Hold" and an average 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.

Want to see what other hedge funds are holding MXL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MaxLinear, Inc (NASDAQ:MXL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.