MaxLinear (NASDAQ:MXL) Shares Down 10.7% – Time to Sell?

Posted by Brenda Bartman on Oct 24th, 2026

MaxLinear, Inc (NASDAQ:MXL – Get Free Report) dropped 10.7% during mid-day trading on Thursday. The stock traded as low as $68.80 and last traded at $67.7140. 675,602 shares changed hands during mid-day trading, a decline of 78% from the average daily volume of 3,110,126 shares. The stock had previously closed at $75.79.

Key MaxLinear News

Here are the key news stories impacting MaxLinear this week:

Positive Sentiment: Beat-and-raise results: MaxLinear reported third-quarter adjusted EPS of $0.62, above the $0.56 consensus, while revenue rose 72.4% year over year to $218.1 million, exceeding expectations. GAAP results also improved to $28.9 million of net income from a $45.5 million loss a year earlier. MaxLinear earnings report
Positive Sentiment: AI data-center momentum: Infrastructure revenue increased 210% year over year, driven by optical products used in AI data centers. The company raised its 2026 optical revenue forecast to $250 million-$270 million, with 1.6T products and hyperscaler orders supporting the outlook. MXL Q3 earnings call highlights
Positive Sentiment: Above-consensus guidance: MaxLinear forecast fourth-quarter revenue of $240 million-$260 million, ahead of the $226 million analyst estimate. Fourth-quarter GAAP gross-margin guidance is 58%-61%, indicating continued operating improvement. MaxLinear beat-and-raise report
Neutral Sentiment: MaxLinear expanded its revolving credit facility by $70 million to $200 million, improving financial flexibility but also increasing available borrowing capacity. MaxLinear expands credit facility
Negative Sentiment: Profit-taking and positioning risks: The stock had already gained roughly 337% over the prior period, raising concerns that expectations may be elevated. Reported insider activity also shows substantial selling and no insider purchases over the past six months, which may be weighing on sentiment. Is MaxLinear stock too stretched?

Analyst Upgrades and Downgrades

MXL has been the subject of a number of research analyst reports. Susquehanna set a $70.00 price target on MaxLinear in a research note on Friday. Wells Fargo & Company cut their price objective on MaxLinear from $95.00 to $78.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Roth Capital increased their target price on MaxLinear from $60.00 to $100.00 and gave the stock a “buy” rating in a research note on Friday, July 24th. Morgan Stanley set a $125.00 target price on MaxLinear in a research note on Monday, September 14th. Finally, Wall Street Zen upgraded MaxLinear from a “hold” rating to a “buy” rating in a research report on Sunday, July 26th. Five research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $94.30.

Check Out Our Latest Stock Analysis on MaxLinear

MaxLinear Price Performance

The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.15 and a current ratio of 1.78. The firm has a market capitalization of $5.76 billion, a P/E ratio of -171.51 and a beta of 3.93. The stock’s 50 day simple moving average is $77.12 and its 200 day simple moving average is $75.94.

MaxLinear (NASDAQ:MXL – Get Free Report) last issued its earnings results on Thursday, October 22nd. The semiconductor company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.06. MaxLinear had a negative net margin of 4.45% and a positive return on equity of 13.37%. The business had revenue of $218.06 million for the quarter, compared to analyst estimates of $214.95 million. During the same period last year, the company posted $0.14 earnings per share. The company’s quarterly revenue was up 72.4% compared to the same quarter last year. As a group, analysts expect that MaxLinear, Inc will post 0.78 earnings per share for the current fiscal year.

Insider Buying and Selling

In other MaxLinear news, CEO Kishore Seendripu sold 351,454 shares of MaxLinear stock in a transaction on Monday, August 17th. The stock was sold at an average price of $85.95, for a total transaction of $30,207,471.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 7.70% of the stock is owned by insiders.

Hedge Funds Weigh In On MaxLinear

Hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. bought a new stake in shares of MaxLinear in the 2nd quarter valued at about $1,754,062,000. The Manufacturers Life Insurance Company purchased a new position in shares of MaxLinear in the 2nd quarter worth approximately $165,221,000. AIGH Capital Management LLC bought a new position in shares of MaxLinear during the 2nd quarter worth approximately $104,729,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of MaxLinear during the 2nd quarter worth approximately $81,056,000. Finally, Bank of New York Mellon Corp purchased a new stake in MaxLinear during the second quarter valued at approximately $65,213,000. Institutional investors own 90.79% of the company’s stock.

MaxLinear Company Profile

(Get Free Report)

MaxLinear, Inc is a fabless semiconductor company that designs, develops and sells integrated circuits and related solutions for broadband communications, wired and wireless infrastructure, data centers, industrial applications and consumer electronics. Its products are used by equipment manufacturers and service providers to support the transmission, processing and management of voice, video and data.

The company’s portfolio includes broadband access system-on-chip products, Ethernet transceivers and controllers, high-speed interconnect and communications devices, radio-frequency and analog products, optical and copper connectivity solutions, and power-management components.