Insider Selling: MaxLinear (NASDAQ:MXL) Insider Sells 20,000 Shares of Stock

Key Points

• Insider sale: Director Steven Litchfield sold 20,000 MXL shares on March 6 at $15.68 each for $313,600, trimming his stake by 5.5% to 343,435 shares (≈$5.39M).
• Market action: The stock traded at $15.72 on Friday (down $0.67) with volume of 1.29M—above average—has a one‑year range of $8.35–$20.82 and a market cap of about $1.36B.
• Financials and outlook: MaxLinear slightly beat quarterly EPS and revenue estimates (EPS $0.19 vs $0.18; revenue $136.44M), but remains unprofitable on margins/ROE, has a $75M share buyback authorization, and a consensus analyst rating of "Hold" with a $19.57 target.

MaxLinear, Inc (NASDAQ:MXL - Get Free Report) insider Steven Litchfield sold 20,000 shares of the stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $15.68, for a total transaction of $313,600.00. Following the sale, the insider directly owned 343,435 shares of the company's stock, valued at approximately $5,385,060.80. This represents a 5.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

MaxLinear Price Performance

Shares of MXL traded down $0.67 during trading hours on Friday, hitting $15.72. 1,290,362 shares of the company were exchanged, compared to its average volume of 1,194,840. MaxLinear, Inc has a one year low of $8.35 and a one year high of $20.82. The company has a market capitalization of $1.36 billion, a PE ratio of -9.95 and a beta of 1.70. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.34 and a quick ratio of 0.92. The firm has a fifty day simple moving average of $18.40 and a 200-day simple moving average of $16.92.

MaxLinear (NASDAQ:MXL - Get Free Report) last posted its quarterly earnings data on Thursday, January 29th. The semiconductor company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.01. The firm had revenue of $136.44 million for the quarter, compared to the consensus estimate of $134.82 million. MaxLinear had a negative return on equity of 6.95% and a negative net margin of 29.23%.The business's revenue for the quarter was up 48.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.09) EPS. As a group, sell-side analysts predict that MaxLinear, Inc will post -0.37 earnings per share for the current year.

MaxLinear declared that its Board of Directors has authorized a share repurchase plan on Monday, November 24th that allows the company to buyback $75.00 million in outstanding shares. This buyback authorization allows the semiconductor company to buy up to 5.8% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's management believes its stock is undervalued.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Benchmark upped their price objective on shares of MaxLinear from $25.00 to $28.00 and gave the company a "buy" rating in a research note on Friday, January 16th. Weiss Ratings reissued a "sell (d-)" rating on shares of MaxLinear in a research note on Thursday, January 22nd. Finally, Wells Fargo & Company upped their price target on shares of MaxLinear from $18.00 to $20.00 and gave the stock an "equal weight" rating in a research note on Friday, January 30th. Two equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $19.57.

Hedge Funds Weigh In On MaxLinear

Several hedge funds have recently bought and sold shares of MXL. Larson Financial Group LLC lifted its position in shares of MaxLinear by 161.7% in the fourth quarter. Larson Financial Group LLC now owns 1,416 shares of the semiconductor company's stock worth $25,000 after buying an additional 875 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of MaxLinear by 103.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,431 shares of the semiconductor company's stock valued at $25,000 after acquiring an additional 726 shares during the last quarter. Northwestern Mutual Wealth Management Co. bought a new position in shares of MaxLinear in the 4th quarter valued at approximately $25,000. International Assets Investment Management LLC acquired a new stake in MaxLinear in the 4th quarter worth approximately $27,000. Finally, EverSource Wealth Advisors LLC boosted its position in MaxLinear by 97.0% during the third quarter. EverSource Wealth Advisors LLC now owns 2,110 shares of the semiconductor company's stock worth $34,000 after purchasing an additional 1,039 shares during the period. 90.79% of the stock is owned by institutional investors and hedge funds.

About MaxLinear

MaxLinear, Inc is a provider of radio-frequency (RF), analog, and mixed-signal integrated circuits for broadband communications, data center connectivity, and video infrastructure applications. The company's product portfolio includes high-performance RF front-end modules, broadband power amplifiers, optical and Ethernet transceivers, and network processors designed to support demanding signal processing requirements.

MaxLinear's semiconductor solutions are used by cable and satellite television operators, fiber-to-the-home service providers, network equipment manufacturers, and data center operators.

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