Kishore Seendripu Sells 351,454 Shares of MaxLinear (NASDAQ:MXL) Stock

MaxLinear, Inc (NASDAQ:MXL) CEO Kishore Seendripu sold 351,454 shares of the stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $85.95, for a total transaction of $30,207,471.30. The transaction was disclosed in a filing with the SEC, which is available through this link.

Kishore Seendripu also recently made the following trade(s):

• On Friday, August 14th, Kishore Seendripu sold 240,000 shares of MaxLinear stock. The stock was sold at an average price of $84.28, for a total transaction of $20,227,200.00.

MaxLinear Trading Down 8.5%

NASDAQ:MXL opened at $66.43 on Thursday. MaxLinear, Inc has a 12 month low of $12.77 and a 12 month high of $128.30. The company has a current ratio of 1.78, a quick ratio of 1.15 and a debt-to-equity ratio of 0.26. The firm’s 50 day moving average is $82.84 and its 200 day moving average is $56.61. The stock has a market capitalization of $6.02 billion, a PE ratio of -55.82 and a beta of 3.95.

MaxLinear (NASDAQ:MXL) last announced its quarterly earnings data on Thursday, July 23rd. The semiconductor company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.02. MaxLinear had a positive return on equity of 2.24% and a negative net margin of 18.24%.The business had revenue of $168.85 million during the quarter, compared to analyst estimates of $164.64 million. During the same period in the prior year, the company earned $0.02 earnings per share. MaxLinear’s revenue was up 55.2% compared to the same quarter last year. Sell-side analysts expect that MaxLinear, Inc will post 0.78 earnings per share for the current year.

Key Headlines Impacting MaxLinear

Here are the key news stories impacting MaxLinear this week:

• Positive Sentiment: MaxLinear’s expanding portfolio of silicon for AI data-center racks could strengthen its long-term positioning in data-center connectivity and provide a potential growth avenue beyond its traditional broadband markets. Is MaxLinear’s Expanded AI Rack Silicon Portfolio Quietly Reshaping Its Long-Term Positioning?
• Positive Sentiment: The company’s latest reported quarter showed strong momentum: revenue rose 55.2% year over year to $168.85 million, while adjusted EPS of $0.35 exceeded the $0.33 consensus estimate. This provides fundamental support for the stock despite its recent volatility.
• Neutral Sentiment: Recent coverage is focused on what could shape MaxLinear’s next move, indicating that investors are assessing whether the rally can be sustained and whether AI-related opportunities can offset execution and valuation concerns. MaxLinear Slides: What Could Shape Its Next Move?
• Negative Sentiment: CEO Kishore Seendripu disclosed sales totaling 591,454 shares across August 14 and August 17, worth approximately $50.4 million. The August 14 transaction alone reduced his position by 57.73%, leaving 175,727 shares reported afterward. Such sizable insider selling can pressure sentiment, particularly after a major stock-price advance. MaxLinear CEO Sells 240,000 Shares
• Negative Sentiment: A risk-focused analysis is drawing attention to potentially important issues in MaxLinear’s disclosures, adding to investor caution while the company remains unprofitable on a GAAP basis. MaxLinear: An Elephant Size Risk Hidden in the Small Footnotes

Analysts Set New Price Targets

Several equities research analysts recently weighed in on MXL shares. Weiss Ratings reissued a “sell (d-)” rating on shares of MaxLinear in a report on Friday, July 17th. Benchmark started coverage on shares of MaxLinear in a report on Wednesday, May 27th. They set a “buy” rating and a $125.00 price objective on the stock. Roth Capital increased their target price on shares of MaxLinear from $60.00 to $100.00 and gave the stock a “buy” rating in a research report on Friday, July 24th. Wall Street Zen upgraded shares of MaxLinear from a “hold” rating to a “buy” rating in a research note on Sunday, July 26th. Finally, Needham & Company LLC lifted their target price on shares of MaxLinear from $60.00 to $100.00 and gave the stock a “buy” rating in a research note on Friday, July 24th. Five research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, MaxLinear presently has a consensus rating of “Hold” and an average target price of $85.00.

Hedge Funds Weigh In On MaxLinear

Large investors have recently made changes to their positions in the stock. Royal Bank of Canada raised its stake in shares of MaxLinear by 3.1% during the 1st quarter. Royal Bank of Canada now owns 72,664 shares of the semiconductor company’s stock valued at $789,000 after purchasing an additional 2,204 shares during the period. AQR Capital Management LLC boosted its stake in MaxLinear by 56.0% in the 1st quarter. AQR Capital Management LLC now owns 296,297 shares of the semiconductor company’s stock worth $3,218,000 after purchasing an additional 106,355 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in MaxLinear by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 47,437 shares of the semiconductor company’s stock worth $515,000 after purchasing an additional 2,043 shares during the period. Goldman Sachs Group Inc. grew its holdings in MaxLinear by 0.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 535,230 shares of the semiconductor company’s stock valued at $5,813,000 after buying an additional 2,039 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in MaxLinear by 23.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 182,362 shares of the semiconductor company’s stock valued at $1,980,000 after buying an additional 35,152 shares in the last quarter. 90.79% of the stock is owned by institutional investors.

MaxLinear Company Profile

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.