Wall Street brokerages forecast that MaxLinear, Inc. (NYSE:MXL) will report earnings of $0.16 per share for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for MaxLinear’s earnings. MaxLinear reported earnings of $0.20 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 20%. The firm is scheduled to announce its next quarterly earnings report on Tuesday, February 4th.
According to Zacks, analysts expect that MaxLinear will report full-year earnings of $0.80 per share for the current financial year, with EPS estimates ranging from $0.79 to $0.81. For the next year, analysts anticipate that the company will report earnings of $0.85 per share, with EPS estimates ranging from $0.82 to $0.90. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow MaxLinear.
MaxLinear (NYSE:MXL) last posted its quarterly earnings results on Thursday, October 24th. The semiconductor company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.21 by $0.02. The business had revenue of $80.00 million during the quarter, compared to analysts’ expectations of $80.04 million. MaxLinear had a positive return on equity of 8.02% and a negative net margin of 3.43%. The company’s quarterly revenue was down 5.9% compared to the same quarter last year. During the same period last year, the firm earned $0.19 EPS.
Several analysts have recently commented on MXL shares. Zacks Investment Research cut MaxLinear from a “buy” rating to a “hold” rating in a report on Wednesday, October 30th. Stifel Nicolaus set a $26.00 price target on MaxLinear and gave the company a “buy” rating in a report on Friday, October 25th. Needham & Company LLC reissued a “hold” rating on shares of MaxLinear in a report on Friday, October 25th. Deutsche Bank set a $25.00 price target on MaxLinear and gave the company a “hold” rating in a report on Friday, July 26th. Finally, Roth Capital set a $21.00 price target on MaxLinear and gave the company a “hold” rating in a report on Friday, October 25th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $22.20.
Shares of MXL traded up $0.05 during mid-day trading on Friday, hitting $20.05. The company’s stock had a trading volume of 239,933 shares, compared to its average volume of 439,077. The company has a current ratio of 2.62, a quick ratio of 2.02 and a debt-to-equity ratio of 0.54. The firm has a 50-day simple moving average of $21.16 and a 200 day simple moving average of $22.22. The firm has a market capitalization of $1.43 billion, a P/E ratio of 25.71, a P/E/G ratio of 4.39 and a beta of 1.23. MaxLinear has a 1-year low of $15.93 and a 1-year high of $28.70.
In other MaxLinear news, insider Steven G. Litchfield acquired 10,867 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were acquired at an average cost of $22.97 per share, for a total transaction of $249,614.99. Following the transaction, the insider now directly owns 33,333 shares of the company’s stock, valued at $765,659.01. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Michael J. Lachance sold 15,935 shares of the stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $20.14, for a total transaction of $320,930.90. Following the completion of the sale, the vice president now directly owns 18,753 shares in the company, valued at $377,685.42. The disclosure for this sale can be found here. Over the last quarter, insiders have acquired 45,175 shares of company stock worth $998,488 and have sold 107,735 shares worth $2,246,278. 9.97% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. State of Alaska Department of Revenue raised its stake in shares of MaxLinear by 2.5% during the second quarter. State of Alaska Department of Revenue now owns 21,872 shares of the semiconductor company’s stock valued at $512,000 after purchasing an additional 536 shares during the period. Mason Street Advisors LLC raised its stake in shares of MaxLinear by 2.6% during the third quarter. Mason Street Advisors LLC now owns 22,007 shares of the semiconductor company’s stock valued at $493,000 after purchasing an additional 561 shares during the period. Comerica Bank raised its stake in shares of MaxLinear by 1.2% during the third quarter. Comerica Bank now owns 60,769 shares of the semiconductor company’s stock valued at $1,352,000 after purchasing an additional 737 shares during the period. Oregon Public Employees Retirement Fund raised its stake in shares of MaxLinear by 4.1% during the second quarter. Oregon Public Employees Retirement Fund now owns 25,306 shares of the semiconductor company’s stock valued at $593,000 after purchasing an additional 1,000 shares during the period. Finally, First Mercantile Trust Co. raised its stake in shares of MaxLinear by 10.3% during the third quarter. First Mercantile Trust Co. now owns 11,110 shares of the semiconductor company’s stock valued at $249,000 after purchasing an additional 1,037 shares during the period. 90.20% of the stock is currently owned by hedge funds and other institutional investors.
MaxLinear, Inc provides radio-frequency (RF), high-performance analog, and mixed-signal communications systems-on-chip solutions (SoCs) for the connected home, wired and wireless infrastructure, and industrial and multi-market applications worldwide. The company offers range of semiconductor products, such as RF receivers and RF receiver SoCs, wireless infrastructure backhaul RF receivers and modem SoCs, laser modulator drivers, transimpedance amplifiers, clock and data recovery circuits, interface solutions, power management products, and data encryption and compression products.
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