Savant Capital LLC Sells 13,446 Shares of MaxLinear, Inc $MXL

Savant Capital LLC decreased its holdings in MaxLinear, Inc (NASDAQ:MXL) by 55.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,856 shares of the semiconductor company’s stock after selling 13,446 shares during the period. Savant Capital LLC’s holdings in MaxLinear were worth $154,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of MXL. Bank of New York Mellon Corp boosted its position in shares of MaxLinear by 3.8% during the second quarter. Bank of New York Mellon Corp now owns 469,339 shares of the semiconductor company’s stock valued at $6,669,000 after buying an additional 17,104 shares during the last quarter. Bank of Montreal Can lifted its stake in MaxLinear by 7.8% during the 2nd quarter. Bank of Montreal Can now owns 12,381 shares of the semiconductor company’s stock valued at $176,000 after acquiring an additional 896 shares during the period. Versor Investments LP purchased a new stake in shares of MaxLinear during the 2nd quarter valued at about $149,000. Teacher Retirement System of Texas grew its stake in shares of MaxLinear by 101.9% in the second quarter. Teacher Retirement System of Texas now owns 49,475 shares of the semiconductor company’s stock worth $703,000 after acquiring an additional 24,975 shares during the period. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of MaxLinear in the second quarter worth approximately $4,144,000. Hedge funds and other institutional investors own 90.79% of the company’s stock.

MaxLinear Trading Down 2.7%

Shares of MXL stock opened at $13.05 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.08 and a current ratio of 1.55. The stock has a fifty day simple moving average of $15.72 and a two-hundred day simple moving average of $14.68. The firm has a market capitalization of $1.14 billion, a PE ratio of -6.24 and a beta of 1.83. MaxLinear, Inc has a 52-week low of $8.35 and a 52-week high of $25.73.

MaxLinear (NASDAQ:MXL) last released its quarterly earnings data on Thursday, October 23rd. The semiconductor company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. MaxLinear had a negative return on equity of 12.74% and a negative net margin of 42.43%.The firm had revenue of $126.46 million during the quarter, compared to analyst estimates of $124.66 million. During the same quarter in the prior year, the company posted ($0.36) earnings per share. The business’s quarterly revenue was up 56.0% compared to the same quarter last year. MaxLinear has set its Q4 2025 guidance at EPS. On average, analysts predict that MaxLinear, Inc will post -0.37 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

MXL has been the topic of several research reports. Zacks Research cut shares of MaxLinear from a “strong-buy” rating to a “hold” rating in a report on Monday, September 22nd. Loop Capital restated a “hold” rating and issued a $15.00 price target (up from $10.00) on shares of MaxLinear in a research note on Monday, August 4th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of MaxLinear in a report on Wednesday, October 8th. Stifel Nicolaus set a $23.00 target price on MaxLinear in a report on Friday, October 24th. Finally, Wells Fargo & Company raised their target price on MaxLinear from $13.00 to $18.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 24th. Three analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $19.94.

Insider Activity at MaxLinear

In other news, Director Daniel A. Artusi sold 20,747 shares of MaxLinear stock in a transaction that occurred on Thursday, October 30th. The shares were sold at an average price of $15.39, for a total transaction of $319,296.33. Following the sale, the director owned 12,141 shares in the company, valued at $186,849.99. This trade represents a 63.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Steven G. Litchfield sold 102,157 shares of the business’s stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $17.28, for a total transaction of $1,765,272.96. Following the completion of the transaction, the insider directly owned 312,203 shares in the company, valued at $5,394,867.84. This trade represents a 24.65% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 131,959 shares of company stock valued at $2,228,272 over the last 90 days. 7.80% of the stock is currently owned by corporate insiders.

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.