MaxLinear Slides as Investors Digest CEO Stock Sale

MaxLinear, Inc. (MXL) is down 3.6% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely driver appears to be continued investor reaction to a recent insider sale by Chief Executive Officer Kishore Seendripu, rather than a new negative operating update. This could also be because the stock is giving back gains after a strong July earnings report and upbeat AI infrastructure commentary, with no fresh catalyst arriving from this week’s conference appearances.

Details:

A Form 4 filed on August 18 disclosed that the CEO sold a large block of shares through affiliated entities on August 14 and August 17, creating an overhang even though the filing did not point to a business deterioration.

A Rule 144 notice was also filed just before that ownership filing, which can reinforce concerns about near-term supply of shares hitting the market.

MaxLinear’s latest company materials still show a constructive backdrop, including second-quarter revenue of $168.8 million and third-quarter revenue guidance of $210 million to $220 million.

The company also appeared at investor conferences on August 24 and August 25, but there was no broadly visible new announcement suggesting a major positive catalyst to offset the insider-selling pressure.

Sources:

MaxLinear, SEC, MarketBeat

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$MXL Insider Trading Activity

$MXL insiders have traded $MXL stock on the open market 28 times in the past 6 months. Of those trades, 0 have been purchases and 28 have been sales.

Here’s a breakdown of recent trading of $MXL stock by insiders over the last 6 months:

KISHORE SEENDRIPU (Chairman, President and CEO) has made 0 purchases and 16 sales selling 591,454 shares for an estimated $50,435,856.
ALBERT J MOYER sold 15,741 shares for an estimated $1,227,798
THOMAS E PARDUN sold 11,000 shares for an estimated $1,155,000
CONNIE H. KWONG (Corporate Controller & PAO) has made 0 purchases and 2 sales selling 19,168 shares for an estimated $1,010,791.
TED L III TEWKSBURY has made 0 purchases and 3 sales selling 10,660 shares for an estimated $838,686.
DANIEL A ARTUSI sold 10,500 shares for an estimated $825,728
STEVEN G LITCHFIELD (See remarks) has made 0 purchases and 3 sales selling 44,929 shares for an estimated $746,427.
CAROLYN BEAVER sold 6,000 shares for an estimated $461,746

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

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$MXL Hedge Fund Activity

We have seen 301 institutional investors add shares of $MXL stock to their portfolio, and 145 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

FMR LLC removed 3,611,846 shares (-68.6%) from their portfolio in Q2 2026, for an estimated $462,424,643
JPMORGAN CHASE & CO added 2,164,757 shares (+inf%) to their portfolio in Q2 2026, for an estimated $277,153,838
PRICE T ROWE ASSOCIATES INC /MD/ added 2,134,463 shares (+2241.8%) to their portfolio in Q2 2026, for an estimated $273,275,297
MARSHALL WACE, LLP removed 2,059,933 shares (-93.5%) from their portfolio in Q2 2026, for an estimated $263,733,221
D. E. SHAW & CO., INC. added 1,754,908 shares (+1648.7%) to their portfolio in Q2 2026, for an estimated $224,680,871
MANUFACTURERS LIFE INSURANCE COMPANY, THE removed 1,706,765 shares (-56.9%) from their portfolio in Q2 2026, for an estimated $218,517,122
JANE STREET GROUP, LLC added 1,606,954 shares (+367.6%) to their portfolio in Q2 2026, for an estimated $205,738,320

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$MXL Price Targets

Multiple analysts have issued price targets for $MXL recently. We have seen 4 analysts offer price targets for $MXL in the last 6 months, with a median target of $92.5.

Here are some recent targets:

Tore Svanberg from Stifel set a target price of $110.0 on 06/29/2026
Cody Acree from Benchmark set a target price of $125.0 on 05/27/2026
Ananda Baruah from Loop Capital set a target price of $75.0 on 04/29/2026
N. Quinn Bolton from Needham set a target price of $60.0 on 04/24/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.