BlackRock Amends MaxLinear Stake to 8.6% as of Dec 31, 2023
Ticker: MXL · Form: SC 13G/A · Filed: Jan 19, 2024 · CIK: 1288469
| Field | Detail |
|---|---|
| Company | Maxlinear, Inc (MXL) |
| Form Type | SC 13G/A |
| Filed Date | Jan 19, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**BlackRock now owns 8.6% of MaxLinear, holding 7 million shares as of year-end 2023.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 19, 2024, disclosing its ownership in MaxLinear Inc. As of December 31, 2023, BlackRock reported beneficial ownership of 7,000,000 shares of MaxLinear's Common Stock, representing 8.6% of the company. This is an update to their previous filing, indicating a change in their stake. This matters to investors because BlackRock is a major institutional investor, and changes in its holdings can signal its confidence (or lack thereof) in MaxLinear's future performance.
Why It Matters
This filing shows BlackRock's updated position in MaxLinear, providing insight into a significant institutional investor's current view of the company's stock. A large stake by BlackRock can lend credibility to MaxLinear, but any future reductions could signal concerns.
Risk Assessment
Risk Level: low — This filing is a routine disclosure of institutional ownership and does not inherently present a direct risk to investors.
Analyst Insight
Investors should note BlackRock's continued significant stake in MaxLinear, which can be a positive signal, but also monitor future 13G/A filings for any substantial changes in their position, as large institutional moves can influence market sentiment.
Key Numbers
- 7,000,000 — Shares owned by BlackRock (Represents BlackRock's total beneficial ownership in MaxLinear Inc. as of December 31, 2023.)
- 8.6% — Percentage of MaxLinear stock owned (Indicates the significant stake BlackRock holds in MaxLinear Inc., making them a major shareholder.)
- December 31, 2023 — Reporting Date (The specific date for which BlackRock's ownership stake is being reported in the filing.)
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- MAXLINEAR, INC (company) — the subject company whose securities are being reported
- 7,000,000 (dollar_amount) — number of shares beneficially owned by BlackRock Inc.
- 8.6% (dollar_amount) — percentage of MaxLinear Inc.'s class of securities beneficially owned by BlackRock Inc.
- December 31, 2023 (date) — the date of the event which requires the filing of this statement
- January 19, 2024 (date) — the filing date of the SC 13G/A amendment
Forward-Looking Statements
- BlackRock will maintain a significant stake in MaxLinear Inc. throughout 2024, likely above 5%. (BlackRock Inc.) — medium confidence, target: December 31, 2024
- MaxLinear Inc.'s stock price will experience increased stability due to the presence of a large institutional investor like BlackRock. (MAXLINEAR, INC) — low confidence, target: June 30, 2024
FAQ
What is the purpose of this SC 13G/A filing?
This SC 13G/A filing is an amendment (Amendment No: 2) by BlackRock Inc. to update its beneficial ownership of Common Stock in MAXLINEAR INC as of December 31, 2023, under Rule 13d-1(b) of the Securities Exchange Act of 1934.
Which entity filed this SC 13G/A and for which company's stock?
BlackRock Inc. filed this SC 13G/A regarding its ownership of Common Stock in MAXLINEAR INC.
What was BlackRock Inc.'s beneficial ownership percentage in MaxLinear Inc. as of the reporting date?
As of December 31, 2023, BlackRock Inc. beneficially owned 8.6% of MaxLinear Inc.'s Common Stock.
How many shares of MaxLinear Inc. Common Stock does BlackRock Inc. beneficially own according to this filing?
BlackRock Inc. beneficially owns 7,000,000 shares of MaxLinear Inc. Common Stock.
What is the CUSIP number for MaxLinear Inc.'s Common Stock mentioned in the filing?
The CUSIP number for MaxLinear Inc.'s Common Stock is 57776J100.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 19, 2024 regarding MAXLINEAR, INC (MXL).