Kishore Seendripu Sells 240,000 Shares of MaxLinear (NASDAQ:MXL) Stock

MaxLinear, Inc (NASDAQ:MXL) CEO Kishore Seendripu sold 240,000 shares of the company’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $84.28, for a total value of $20,227,200.00. Following the transaction, the chief executive officer directly owned 175,727 shares in the company, valued at $14,810,271.56. This represents a 57.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Monday, August 17th, Kishore Seendripu sold 351,454 shares of MaxLinear stock. The shares were sold at an average price of $85.95, for a total value of $30,207,471.30.

MaxLinear Price Performance

Shares of NASDAQ MXL opened at $66.43 on Thursday. 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 company has a market cap of $6.02 billion, a PE ratio of -55.82 and a beta of 3.95. The business has a 50-day simple moving average of $82.84 and a two-hundred day simple moving average of $56.61. MaxLinear, Inc has a fifty-two week low of $12.77 and a fifty-two week high of $128.30.

MaxLinear (NASDAQ:MXL) last issued its quarterly earnings results on Thursday, July 23rd. The semiconductor company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $164.64 million. During the same quarter in the previous year, the firm earned $0.02 earnings per share. The company’s revenue was up 55.2% on a year-over-year basis. As a group, equities analysts expect that MaxLinear, Inc will post 0.78 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on MXL shares. Benchmark began coverage on shares of MaxLinear in a research note on Wednesday, May 27th. They set a “buy” rating and a $125.00 price target on the stock. Stifel Nicolaus lifted their price objective on shares of MaxLinear from $110.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, July 24th. Northland Securities set a $110.00 price objective on shares of MaxLinear in a research note on Wednesday, June 3rd. Loop Capital raised shares of MaxLinear from a “hold” rating to a “buy” rating and boosted their price objective for the company from $17.00 to $75.00 in a report on Wednesday, April 29th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of MaxLinear in a research report on Friday, July 17th. Five equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, MaxLinear currently has a consensus rating of “Hold” and a consensus target price of $85.00.

Hedge Funds Weigh In On MaxLinear

Several hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. purchased a new position in MaxLinear during the 2nd quarter worth approximately $1,754,062,000. Vanguard Group Inc. boosted its holdings in shares of MaxLinear by 4.8% in the 4th quarter. Vanguard Group Inc. now owns 13,326,387 shares of the semiconductor company’s stock valued at $232,279,000 after acquiring an additional 605,903 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of MaxLinear by 27.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,889,111 shares of the semiconductor company’s stock valued at $41,054,000 after acquiring an additional 628,719 shares during the last quarter. Invesco Ltd. increased its stake in shares of MaxLinear by 419.9% in the fourth quarter. Invesco Ltd. now owns 2,149,589 shares of the semiconductor company’s stock worth $37,467,000 after acquiring an additional 1,736,141 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of MaxLinear by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 2,038,144 shares of the semiconductor company’s stock worth $35,531,000 after acquiring an additional 28,548 shares during the period. Institutional investors and hedge funds own 90.79% of the company’s stock.

Key Stories 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

About MaxLinear

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.