Zacks: Analysts Expect MaxLinear, Inc. (MXL) to Announce $0.19 Earnings Per Share

Wall Street brokerages forecast that MaxLinear, Inc. (NYSE:MXL) will report earnings of $0.19 per share for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for MaxLinear’s earnings. MaxLinear reported earnings per share of $0.38 during the same quarter last year, which would suggest a negative year-over-year growth rate of 50%. The company is expected to issue its next quarterly earnings report on Tuesday, February 12th.

On average, analysts expect that MaxLinear will report full-year earnings of $1.08 per share for the current fiscal year. For the next year, analysts anticipate that the firm will report earnings of $1.21 per share, with EPS estimates ranging from $1.19 to $1.22. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow MaxLinear.

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

MXL has been the subject of several analyst reports. Needham & Company LLC restated a “buy” rating and set a $20.00 target price on shares of MaxLinear in a report on Wednesday, November 14th. Zacks Investment Research upgraded MaxLinear from a “sell” rating to a “hold” rating in a report on Tuesday, September 25th. Susquehanna Bancshares lowered MaxLinear from a “positive” rating to a “neutral” rating and lowered their price target for the company from $21.00 to $18.00 in a research report on Thursday, October 25th. Finally, UBS Group lowered MaxLinear from a “positive” rating to a “neutral” rating in a research report on Thursday, October 25th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. MaxLinear presently has a consensus rating of “Hold” and an average target price of $22.60.

MXL stock traded down $0.84 during trading on Friday, hitting $18.88. 526,997 shares of the company traded hands, compared to its average volume of 481,492. The stock has a market capitalization of $1.30 billion, a PE ratio of 16.00, a P/E/G ratio of 1.40 and a beta of 0.90. 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 current ratio of 2.62 and a quick ratio of 1.99.

In other MaxLinear news, VP William Torgerson sold 12,500 shares of the company’s stock in a transaction that occurred on Thursday, December 6th. The stock was sold at an average price of $19.61, for a total transaction of $245,125.00. Following the completion of the transaction, the vice president now owns 104,761 shares of the company’s stock, valued at approximately $2,054,363.21. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Michael J. Lachance sold 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 4th. The shares were sold at an average price of $20.75, for a total value of $1,037,500.00. Following the transaction, the vice president now directly owns 131,232 shares of the company’s stock, valued at approximately $2,723,064. The disclosure for this sale can be found here. Insiders have sold a total of 63,000 shares of company stock valued at $1,292,410 in the last ninety days. 11.47% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MXL. Royce & Associates LP boosted its stake in MaxLinear by 29.5% during the 2nd quarter. Royce & Associates LP now owns 889,742 shares of the semiconductor company’s stock valued at $13,871,000 after purchasing an additional 202,500 shares during the last quarter. Bank of America Corp DE raised its stake in shares of MaxLinear by 5.0% in the second quarter. Bank of America Corp DE now owns 414,883 shares of the semiconductor company’s stock valued at $6,468,000 after buying an additional 19,705 shares during the period. Divisar Capital Management LLC raised its stake in shares of MaxLinear by 17.2% in the second quarter. Divisar Capital Management LLC now owns 545,100 shares of the semiconductor company’s stock valued at $8,498,000 after buying an additional 80,000 shares during the period. Avalon Global Asset Management LLC raised its stake in shares of MaxLinear by 8.7% in the second quarter. Avalon Global Asset Management LLC now owns 186,500 shares of the semiconductor company’s stock valued at $2,908,000 after buying an additional 15,000 shares during the period. Finally, Westside Investment Management Inc. bought a new stake in shares of MaxLinear in the third quarter valued at $324,000.

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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