MaxLinear stock faces institutional sell-off as analysts issue hold consensus

HSBC Holdings PLC cut its stake in MaxLinear Inc. (NASDAQ:MXL) by 51.8%, selling 26,088 shares and retaining 24,228 shares valued at about $419,000. Other investors such as Larson Financial Group, Smartleaf Asset Management, Northwestern Mutual Wealth Management, International Assets Investment Management and Quarry LP increased their holdings during recent quarters, bringing institutional ownership of the semiconductor company to roughly 90.8% of its float.

Analyst coverage of MaxLinear resulted in a consensus rating of "Hold" from ten analysts, with one sell, four holds and five buys. The average 12‑month price target is $85.00. Recent upgrades include Needham & Company raising its target to $100, Wall Street Zen moving to a buy rating, and Stifel Nicolaus lifting its target to $120. Deutsche Bank reiterated a hold rating with a $40 target, while other firms issued buy ratings and higher price objectives.