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

Several other hedge funds have also added to or reduced their stakes in the business. Blair William & Co. IL boosted its position in MaxLinear by 4.1% during the 1st quarter. Blair William & Co. IL now owns 22,756 shares of the semiconductor company's stock worth $247,000 after buying an additional 902 shares during the period. Panagora Asset Management Inc. boosted its position in MaxLinear by 0.7% during the 1st quarter. Panagora Asset Management Inc. now owns 226,123 shares of the semiconductor company's stock worth $2,456,000 after buying an additional 1,635 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in MaxLinear by 4.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 45,394 shares of the semiconductor company's stock worth $898,000 after buying an additional 2,004 shares during the period. Goldman Sachs Group Inc. boosted its position in MaxLinear by 0.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 535,230 shares of the semiconductor company's stock worth $5,813,000 after buying an additional 2,039 shares during the period. Finally, Royal Bank of Canada boosted its position in MaxLinear by 3.1% during the 1st quarter. Royal Bank of Canada now owns 72,664 shares of the semiconductor company's stock worth $789,000 after buying an additional 2,204 shares during the period. 90.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Steven G. Litchfield sold 102,157 shares of the company's 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 in the company, valued at $5,394,867.84. This represents a 24.65% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 7.80% of the stock is currently owned by insiders.

MaxLinear Stock Down 3.1%

MXL stock traded down $0.51 during midday trading on Friday, reaching $16.19. 1,514,770 shares of the company's stock traded hands, compared to its average volume of 1,310,564. The company has a market cap of $1.41 billion, a price-to-earnings ratio of -6.55 and a beta of 1.76. The firm's fifty day moving average price is $15.79 and its 200-day moving average price is $13.31. 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 52 week low of $8.35 and a 52 week 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, meeting analysts' consensus estimates of $0.02. The business had revenue of $108.81 million during the quarter, compared to analyst estimates of $104.94 million. MaxLinear had a negative net margin of 55.53% and a negative return on equity of 18.16%. MaxLinear's quarterly revenue was up 18.3% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.25) EPS. MaxLinear has set its Q3 2025 guidance at EPS. As a group, sell-side analysts forecast that MaxLinear, Inc will post -0.37 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Susquehanna lifted their target price on shares of MaxLinear from $11.00 to $15.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 22nd. Wells Fargo & Company boosted their price target 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. Stifel Nicolaus boosted their price target on shares of MaxLinear from $16.00 to $18.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. Loop Capital restated a "hold" rating and issued a $15.00 price target (up previously from $10.00) on shares of MaxLinear in a research report on Monday, August 4th. Finally, Benchmark restated a "buy" rating and issued a $25.00 price target on shares of MaxLinear in a research report on Tuesday, September 2nd. Four analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $19.31.

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.