Teacher Retirement System of Texas Increases Position in MaxLinear, Inc $MXL

Teacher Retirement System of Texas lifted its holdings in shares of MaxLinear, Inc (NASDAQ:MXL) by 101.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 49,475 shares of the semiconductor company’s stock after acquiring an additional 24,975 shares during the quarter. Teacher Retirement System of Texas owned 0.06% of MaxLinear worth $703,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of MXL. The Manufacturers Life Insurance Company increased its position in shares of MaxLinear by 48.2% during the 1st quarter. The Manufacturers Life Insurance Company now owns 2,260,392 shares of the semiconductor company’s stock valued at $24,548,000 after purchasing an additional 734,973 shares during the last quarter. Invesco Ltd. grew its position in MaxLinear by 414.8% during the first quarter. Invesco Ltd. now owns 1,684,247 shares of the semiconductor company’s stock valued at $18,291,000 after buying an additional 1,357,093 shares during the period. Victory Capital Management Inc. increased its holdings in MaxLinear by 30.9% during the first quarter. Victory Capital Management Inc. now owns 1,067,728 shares of the semiconductor company’s stock worth $11,596,000 after buying an additional 251,797 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in MaxLinear by 4.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,066,306 shares of the semiconductor company’s stock worth $11,580,000 after buying an additional 48,995 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its position in MaxLinear by 1,426.9% in the first quarter. Jacobs Levy Equity Management Inc. now owns 1,004,835 shares of the semiconductor company’s stock worth $10,913,000 after acquiring an additional 939,027 shares during the period. 90.79% of the stock is currently owned by institutional investors.

MaxLinear Trading Down 0.4%

Shares of MXL opened at $14.76 on Friday. The business’s 50-day moving average price is $16.05 and its 200-day moving average price is $14.48. MaxLinear, Inc has a twelve month low of $8.35 and a twelve month high of $25.73. The stock has a market cap of $1.29 billion, a PE ratio of -7.06 and a beta of 1.83. The company has a quick ratio of 1.08, a current ratio of 1.55 and a debt-to-equity ratio of 0.27.

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

Wall Street Analysts Forecast Growth

MXL has been the subject of a number of research reports. Williams Trading set a $25.00 target price on shares of MaxLinear in a research report on Friday, October 24th. Weiss Ratings reissued 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 research note on Friday, October 24th. Susquehanna upped their price target on MaxLinear from $11.00 to $15.00 and gave the company a “neutral” rating in a research report on Tuesday, July 22nd. Finally, Wall Street Zen raised MaxLinear from a “hold” rating to a “buy” rating in a report on Saturday, September 20th. Three research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $19.94.

Insiders Place Their Bets

In other news, Director Daniel A. Artusi sold 20,747 shares of the company’s stock in a transaction on Thursday, October 30th. The shares were sold at an average price of $15.39, for a total value of $319,296.33. Following the transaction, the director owned 12,141 shares of the company’s stock, valued at approximately $186,849.99. This represents a 63.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Steven G. Litchfield sold 102,157 shares of MaxLinear 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 sale, the insider directly owned 312,203 shares of the company’s stock, valued at $5,394,867.84. This represents a 24.65% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 131,959 shares of company stock valued at $2,228,272 over the last 90 days. Company insiders own 7.80% of the company’s stock.

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.