Weybosset Research & Management Waves Goodbye to $3.3 Million Worth of MaxLinear Shares

Core Insights - Weybosset Research & Management LLC has fully exited its position in MaxLinear, selling 205,893 shares valued at approximately $3.31 million, which previously represented 1.1% of the fund's assets under management [4][5]. - MaxLinear is a semiconductor company focused on advanced communications systems-on-chip for various sectors, including broadband and wireless, leveraging its expertise in RF and mixed-signal integration [2][3]. Company Performance - MaxLinear's stock has underperformed significantly, trading 42% below its price from early 2023 and down 11.4% over the past year, lagging the S&P 500 by 25 percentage points [3][6]. - The company's revenue has decreased by 62% compared to three years ago, with a recent net loss of $(180) million, contrasting sharply with a net income of $101 million reported in 2022 [7][8]. Investment Implications - The exit by Weybosset may indicate a broader institutional shift away from MaxLinear due to its poor financial performance, suggesting that retail investors should be cautious and look for signs of recovery before considering investment [8].