BlackRock Inc. acquired 13.7 million shares of MaxLinear, Inc., according to a recent SEC disclosure. The investment is valued at approximately $1.75 billion. This position gives BlackRock a 15.11% ownership stake in the semiconductor company. Institutional investors now collectively own more than 90% of MaxLinear stock.
MaxLinear is expanding its portfolio into AI data-center applications to drive growth beyond traditional broadband markets. The company reported quarterly revenue of $168.85 million. This figure represents a 55.2% increase year-over-year. Adjusted earnings reached $0.35 per share, exceeding analyst expectations. The investment follows a period of notable insider selling.