MaxLinear, Inc. (MXL) Expected to Announce Earnings of $0.19 Per Share

Brokerages predict that MaxLinear, Inc. (NYSE:MXL) will announce earnings per share (EPS) of $0.19 for the current quarter, according to Zacks. Four analysts have issued estimates for MaxLinear’s earnings. MaxLinear posted earnings per share of $0.38 in the same quarter last year, which would suggest a negative year over year growth rate of 50%. The business is scheduled to report its next quarterly earnings report on Tuesday, February 12th.

According to Zacks, analysts expect that MaxLinear will report full-year earnings of $1.08 per share for the current financial year, with EPS estimates ranging from $1.07 to $1.08. For the next year, analysts expect that the business will report earnings of $1.22 per share, with EPS estimates ranging from $1.19 to $1.25. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that cover MaxLinear.

MaxLinear (NYSE:MXL) last posted its quarterly earnings results on Tuesday, October 30th. The semiconductor company reported $0.19 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.01. MaxLinear had a positive return on equity of 15.35% and a negative net margin of 11.18%. The company had revenue of $85.00 million for the quarter, compared to analysts’ expectations of $85.01 million. During the same period last year, the firm earned $0.39 earnings per share. MaxLinear’s quarterly revenue was down 25.2% on a year-over-year basis.

A number of analysts have weighed in on MXL shares. Stifel Nicolaus cut their price target on MaxLinear from $31.00 to $25.00 and set a “$17.41” rating on the stock in a research note on Thursday, July 19th. Zacks Investment Research cut MaxLinear from a “hold” rating to a “sell” rating in a research note on Saturday, July 21st. Needham & Company LLC cut their price target on MaxLinear from $22.00 to $20.00 and set a “buy” rating on the stock in a research note on Wednesday, August 8th. ValuEngine upgraded MaxLinear from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 9th. Finally, UBS Group cut MaxLinear from a “positive” rating to a “neutral” rating in a research note on Thursday, October 25th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $23.83.

Several institutional investors and hedge funds have recently bought and sold shares of the company. OppenheimerFunds Inc. increased its position in shares of MaxLinear by 29.0% during the second quarter. OppenheimerFunds Inc. now owns 13,990 shares of the semiconductor company’s stock worth $218,000 after purchasing an additional 3,146 shares in the last quarter. Virginia Retirement Systems ET AL increased its position in shares of MaxLinear by 18.6% during the second quarter. Virginia Retirement Systems ET AL now owns 28,100 shares of the semiconductor company’s stock worth $438,000 after purchasing an additional 4,400 shares in the last quarter. Rhumbline Advisers increased its position in shares of MaxLinear by 3.4% during the second quarter. Rhumbline Advisers now owns 147,605 shares of the semiconductor company’s stock worth $2,301,000 after purchasing an additional 4,797 shares in the last quarter. Jennison Associates LLC increased its position in shares of MaxLinear by 0.4% during the third quarter. Jennison Associates LLC now owns 1,419,675 shares of the semiconductor company’s stock worth $28,223,000 after purchasing an additional 5,609 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of MaxLinear by 46.4% during the third quarter. JPMorgan Chase & Co. now owns 18,590 shares of the semiconductor company’s stock worth $370,000 after purchasing an additional 5,892 shares in the last quarter. Institutional investors and hedge funds own 94.47% of the company’s stock.

MaxLinear stock opened at $19.48 on Friday. MaxLinear has a 1-year low of $14.87 and a 1-year high of $28.06. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.99 and a current ratio of 2.62. The firm has a market capitalization of $1.38 billion, a price-to-earnings ratio of 16.51, a price-to-earnings-growth ratio of 1.49 and a beta of 0.87.

About MaxLinear

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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