Zacks: Brokerages Anticipate MaxLinear, Inc. (MXL) to Post $0.38 EPS

Analysts expect that MaxLinear, Inc. (NYSE:MXL) will post earnings per share (EPS) of $0.38 for the current quarter, according to Zacks. Four analysts have provided estimates for MaxLinear’s earnings, with the highest EPS estimate coming in at $0.38 and the lowest estimate coming in at $0.37. MaxLinear also reported earnings of $0.38 per share during the same quarter last year. The business is expected to report its next quarterly earnings report after the market closes on Tuesday, February 13th.

According to Zacks, analysts expect that MaxLinear will report full-year earnings of $1.45 per share for the current financial year, with EPS estimates ranging from $1.44 to $1.46. For the next financial year, analysts expect that the company will post earnings of $1.80 per share, with EPS estimates ranging from $1.78 to $1.84. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that that provide coverage for MaxLinear.

MaxLinear (NYSE:MXL) last released its earnings results on Tuesday, November 7th. The semiconductor company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.06. The business had revenue of $113.58 million during the quarter, compared to analysts’ expectations of $115.77 million. MaxLinear had a net margin of 4.73% and a return on equity of 20.96%. The company’s quarterly revenue was up 17.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.43 earnings per share.

Several analysts recently issued reports on the stock. Zacks Investment Research cut shares of MaxLinear from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 10th. Roth Capital reaffirmed a “buy” rating and set a $33.00 price objective on shares of MaxLinear in a research note on Friday, December 29th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $32.00 price objective on shares of MaxLinear in a research note on Wednesday, November 8th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company. MaxLinear presently has a consensus rating of “Buy” and an average target price of $31.60.

In related news, VP Brendan Walsh sold 25,018 shares of the company’s stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $28.00, for a total transaction of $700,504.00. Following the completion of the sale, the vice president now owns 155,441 shares of the company’s stock, valued at approximately $4,352,348. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 11.92% of the stock is currently owned by corporate insiders.

Several institutional investors have recently bought and sold shares of MXL. Schwab Charles Investment Management Inc. grew its stake in shares of MaxLinear by 7.0% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 242,533 shares of the semiconductor company’s stock valued at $6,765,000 after buying an additional 15,960 shares during the period. Alliancebernstein L.P. grew its stake in shares of MaxLinear by 10.7% in the 2nd quarter. Alliancebernstein L.P. now owns 146,309 shares of the semiconductor company’s stock valued at $4,081,000 after buying an additional 14,140 shares during the period. TIAA CREF Investment Management LLC grew its stake in shares of MaxLinear by 8.4% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 300,374 shares of the semiconductor company’s stock valued at $8,377,000 after buying an additional 23,212 shares during the period. Ameriprise Financial Inc. grew its stake in shares of MaxLinear by 306.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 402,828 shares of the semiconductor company’s stock valued at $11,235,000 after buying an additional 303,622 shares during the period. Finally, BlackRock Inc. grew its stake in shares of MaxLinear by 94.6% in the 2nd quarter. BlackRock Inc. now owns 6,503,231 shares of the semiconductor company’s stock valued at $181,375,000 after buying an additional 3,160,655 shares during the period. 88.59% of the stock is owned by institutional investors and hedge funds.

Shares of MaxLinear (NYSE MXL) opened at $26.18 on Wednesday. The company has a market cap of $1,797.15, a PE ratio of 100.70 and a beta of 0.47. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.58 and a current ratio of 2.23. MaxLinear has a one year low of $20.38 and a one year high of $32.47.

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MaxLinear Company Profile

MaxLinear, Inc is a provider of radio frequency (RF) and mixed-signal integrated circuits for cable and satellite broadband communications and the connected home, and wired and wireless infrastructure markets. The Company’s RF receiver products capture and process digital and analog broadband signals to be decoded for various applications.

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