According to Zacks, “MaxLinear is a provider of radio-frequency analog and mixed signal semiconductor SoC solutions for broadband communication applications offering small silicon die-size, and low power consumption. The Company’s RF receiver products capture and process digital and analog broadband signals to be decoded for various applications. These products include both RF receivers and RF receiver systems-on-chip (SoCs), which incorporate the Company’s integrated radio system architecture and the functionality necessary to demodulate broadband signals. MaxLinear’s current products enable the display of broadband video in a wide range of electronic devices, including cable and terrestrial set top boxes, digital televisions, mobile handsets, personal computers, netbooks, and in-vehicle entertainment devices. MaxLinear is based in Carlsbad, California. “
Several other equities analysts have also weighed in on MXL. Needham & Company LLC restated a buy rating on shares of MaxLinear in a research report on Wednesday, February 6th. ValuEngine upgraded shares of MaxLinear from a hold rating to a buy rating in a research report on Thursday, February 28th. Finally, Wells Fargo & Co initiated coverage on shares of MaxLinear in a research report on Tuesday. They set a market perform rating for the company. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of $20.20.
Shares of NYSE:MXL traded down $0.53 during trading hours on Wednesday, hitting $24.17. 3,920 shares of the company’s stock traded hands, compared to its average volume of 512,788. MaxLinear has a 52 week low of $14.87 and a 52 week high of $28.70. The company has a current ratio of 2.44, a quick ratio of 1.86 and a debt-to-equity ratio of 0.59. The firm has a market cap of $1.69 billion, a price-to-earnings ratio of 30.99, a price-to-earnings-growth ratio of 1.78 and a beta of 1.16.
MaxLinear (NYSE:MXL) last posted its quarterly earnings data on Wednesday, May 1st. The semiconductor company reported $0.09 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.09. MaxLinear had a negative net margin of 9.17% and a positive return on equity of 8.68%. The company had revenue of $84.64 million during the quarter, compared to analyst estimates of $84.44 million. During the same quarter last year, the firm posted $0.37 EPS. The business’s revenue for the quarter was down 23.6% on a year-over-year basis. On average, research analysts forecast that MaxLinear will post 0.67 earnings per share for the current year.
In other MaxLinear news, Director Donald E. Schrock sold 34,575 shares of the company’s stock in a transaction dated Thursday, February 28th. The shares were sold at an average price of $25.36, for a total transaction of $876,822.00. Following the completion of the sale, the director now directly owns 76,278 shares of the company’s stock, valued at $1,934,410.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 9.97% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of the business. BlackRock Inc. lifted its stake in MaxLinear by 1.1% during the first quarter. BlackRock Inc. now owns 9,183,756 shares of the semiconductor company’s stock valued at $234,461,000 after buying an additional 101,280 shares in the last quarter. Vanguard Group Inc. lifted its stake in MaxLinear by 7.7% during the third quarter. Vanguard Group Inc. now owns 6,208,370 shares of the semiconductor company’s stock valued at $123,423,000 after buying an additional 443,729 shares in the last quarter. Primecap Management Co. CA lifted its stake in MaxLinear by 2.1% during the first quarter. Primecap Management Co. CA now owns 4,901,334 shares of the semiconductor company’s stock valued at $125,131,000 after buying an additional 99,190 shares in the last quarter. Macquarie Group Ltd. lifted its stake in MaxLinear by 10.8% during the fourth quarter. Macquarie Group Ltd. now owns 4,816,410 shares of the semiconductor company’s stock valued at $84,769,000 after buying an additional 469,445 shares in the last quarter. Finally, William Blair Investment Management LLC lifted its stake in MaxLinear by 1.3% during the first quarter. William Blair Investment Management LLC now owns 3,111,276 shares of the semiconductor company’s stock valued at $79,431,000 after buying an additional 40,270 shares in the last quarter. 98.67% of the stock is owned by 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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