MaxLinear Corporate Controller Sells $3.39M in Stock
MXL has more than doubled off its 52-week low of $10.89 on elevated volume (2.6× avg).
Summary
MaxLinear's Corporate Controller and Principal Accounting Officer, Connie H. Kwong, sold 35,000 shares of common stock for a total value of $3.39 million in open market transactions.
Key Events · Ownership and Investor Activity · MXL
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Significant Insider Sale
Connie H. Kwong, Corporate Controller & PAO, sold 35,000 shares of MaxLinear common stock in two open market transactions.
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Substantial Transaction Value
The total value of the shares sold amounted to $3,393,680, with prices ranging from $96.92 to $97.15 per share.
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Adds to Ongoing Insider Distribution
This sale contributes to the existing pattern of insider distribution, with net insider sales exceeding $5.1 million over the last 90 days.
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Occurred Near 52-Week High
The transactions took place on May 8, 2026, when the stock was trading near its 52-week high of $101.30.
Analysis · MXL · Manufacturing
This significant open market sale by Connie H. Kwong, MaxLinear's Corporate Controller and Principal Accounting Officer, represents a notable disposition of shares. While the percentage of the company's overall market capitalization is small, the absolute dollar value of $3.39 million is substantial for an individual transaction. This sale contributes to the broader pattern of insider distribution observed over the past 90 days, totaling over $5 million in net sales. The transactions occurred on May 8, 2026, when the stock was trading near its 52-week high, which could indicate profit-taking by the insider.
At the time of this filing, MXL was trading at $102.00 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $8.9B. The 52-week trading range was $10.89 to $101.30. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.