Weybosset Research & Management LLC Has $3.96 Million Position in MaxLinear, Inc $MXL

Key Points

• Weybosset Research & Management LLC increased its stake in MaxLinear, Inc by 28.4%, acquiring an additional 61,723 shares during the second quarter, bringing its total holdings to 278,694 shares.
• Recent trades by insiders, including the sale of 102,157 shares by Steven G. Litchfield, indicate a 24.65% decrease in their position, with significant value implications as the shares were sold for approximately $1.77 million.
• Several analysts have adjusted their price targets for MaxLinear, with the consensus target currently set at $19.31, reflecting a range of ratings from buy to hold.

Weybosset Research & Management LLC raised its position in MaxLinear, Inc (NASDAQ:MXL - Free Report) by 28.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 278,694 shares of the semiconductor company's stock after purchasing an additional 61,723 shares during the quarter. MaxLinear accounts for approximately 1.4% of Weybosset Research & Management LLC's holdings, making the stock its 22nd largest holding. Weybosset Research & Management LLC owned 0.33% of MaxLinear worth $3,960,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of MaxLinear in the 1st quarter valued at about $49,000. Strs Ohio acquired a new stake in shares of MaxLinear in the first quarter valued at about $63,000. Larson Financial Group LLC increased its position in shares of MaxLinear by 144.3% in the first 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 position in shares of MaxLinear by 119.6% in the first 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. Finally, Aigen Investment Management LP acquired a new stake in shares of MaxLinear in the first quarter valued at about $117,000. Institutional investors and hedge funds own 90.79% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on MXL. 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 report on Thursday, July 24th. Wall Street Zen upgraded MaxLinear from a "hold" rating to a "buy" rating in a report on Saturday. Benchmark reiterated a "buy" rating and set a $25.00 price target on shares of MaxLinear in a report on Tuesday, September 2nd. Susquehanna lifted their price target on MaxLinear from $11.00 to $15.00 and gave the stock a "neutral" rating in a report on Tuesday, July 22nd. Finally, Stifel Nicolaus lifted their price target on MaxLinear from $16.00 to $18.00 and gave the stock a "buy" rating in a report on Friday, July 18th. 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 data from MarketBeat, MaxLinear presently has a consensus rating of "Hold" and a consensus price target of $19.31.

Insiders Place Their Bets

In related news, insider Steven G. Litchfield sold 102,157 shares of the stock in a transaction on 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 sale, the insider directly owned 312,203 shares in the company, valued at $5,394,867.84. This represents a 24.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 7.80% of the stock is owned by insiders.

MaxLinear Price Performance

Shares of MXL stock traded down $0.29 during trading on Tuesday, hitting $16.83. The company had a trading volume of 339,002 shares, compared to its average volume of 1,569,405. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.14 and a current ratio of 1.55. The firm has a market capitalization of $1.47 billion, a P/E ratio of -6.82 and a beta of 1.76. The stock's 50-day moving average price is $15.84 and its 200 day moving average price is $13.35. MaxLinear, Inc has a one year low of $8.35 and a one year high of $25.73.

MaxLinear (NASDAQ:MXL - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The semiconductor company reported $0.02 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.02. The business 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 firm's revenue for the quarter was up 18.3% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.25) earnings per share. MaxLinear has set its Q3 2025 guidance at EPS. Equities analysts expect that MaxLinear, Inc will post -0.37 EPS for the current fiscal 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.