MaxLinear (NASDAQ:MXL) Stock Price Down 6.9% - Here's What Happened

Key Points

• MaxLinear's stock price fell by 6.9% to $15.39 amid lower trading volume, suggesting a decline in investor interest.
• Analyst ratings have been mixed, with recent upgrades and downgrades resulting in an average rating of "Hold" and a target price of $19.31.
• MaxLinear reported $0.02 earnings per share, meeting consensus estimates, but has negative metrics like an 18.16% negative return on equity and a net margin of 55.53%.

Shares of MaxLinear, Inc (NASDAQ:MXL - Get Free Report) dropped 6.9% on Tuesday . The company traded as low as $15.42 and last traded at $15.39. Approximately 699,925 shares were traded during mid-day trading, a decline of 55% from the average daily volume of 1,541,273 shares. The stock had previously closed at $16.52.

Analyst Ratings Changes

MXL has been the topic of a number of recent analyst reports. Susquehanna increased their target price on MaxLinear from $11.00 to $15.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 22nd. Wells Fargo & Company increased their target price on MaxLinear from $13.00 to $18.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 24th. Weiss Ratings reiterated a "sell (d-)" rating on shares of MaxLinear in a research note on Saturday, September 27th. Wall Street Zen upgraded MaxLinear from a "hold" rating to a "buy" rating in a research note on Saturday, September 20th. Finally, Loop Capital reiterated a "hold" rating and issued a $15.00 target price (up previously from $10.00) on shares of MaxLinear in a research note on Monday, August 4th. Four investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $19.31.

MaxLinear Stock Performance

The business has a 50-day moving average of $15.92 and a two-hundred day moving average of $13.60. The company has a market cap of $1.36 billion, a P/E ratio of -6.31 and a beta of 1.77. 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 (NASDAQ:MXL - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The semiconductor company reported $0.02 earnings per share for the quarter, hitting the consensus estimate of $0.02. The business had revenue of $108.81 million during the quarter, compared to the consensus estimate of $104.94 million. MaxLinear had a negative return on equity of 18.16% and a negative net margin of 55.53%.The company's quarterly revenue was up 18.3% on a year-over-year basis. During the same quarter last year, the company earned ($0.25) earnings per share. MaxLinear has set its Q3 2025 guidance at EPS. On average, sell-side analysts predict that MaxLinear, Inc will post -0.37 EPS for the current fiscal year.

Insider Transactions at MaxLinear

In other MaxLinear news, insider Steven G. Litchfield sold 102,157 shares of the business's stock in a transaction that occurred 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 transaction, the insider directly owned 312,203 shares of the company's stock, valued at approximately $5,394,867.84. The trade was a 24.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 7.80% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in MXL. Farther Finance Advisors LLC acquired a new position in shares of MaxLinear during the 2nd quarter worth approximately $44,000. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of MaxLinear in the first quarter valued at about $49,000. PNC Financial Services Group Inc. grew its position in shares of MaxLinear by 104.4% in the second quarter. PNC Financial Services Group Inc. now owns 3,579 shares of the semiconductor company's stock valued at $51,000 after purchasing an additional 1,828 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of MaxLinear in the second quarter valued at about $51,000. Finally, Strs Ohio acquired a new stake in shares of MaxLinear in the first quarter valued at about $63,000. 90.79% of the stock is owned by institutional investors and hedge funds.

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.

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