MaxLinear (NYSE:MXL – Get Free Report) posted its earnings results on Wednesday. The semiconductor company reported ($0.38) earnings per share for the quarter, topping the consensus estimate of ($0.40) by $0.02, reports. The firm had revenue of $95.27 million during the quarter, compared to the consensus estimate of $94.99 million. MaxLinear had a negative net margin of 28.70% and a negative return on equity of 4.63%. MaxLinear updated its Q2 2024 guidance to EPS.
MaxLinear Trading Down 1.2 %
Shares of MaxLinear stock opened at $20.68 on Friday. MaxLinear has a 1 year low of $13.43 and a 1 year high of $35.09. The firm has a market cap of $1.69 billion, a PE ratio of -10.94 and a beta of 1.98. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.20 and a quick ratio of 1.75. The company has a 50 day simple moving average of $19.90 and a two-hundred day simple moving average of $19.95.
Institutional Investors Weigh In On MaxLinear
Hedge funds have recently bought and sold shares of the stock. CWM LLC lifted its position in MaxLinear by 712.8% during the third quarter. CWM LLC now owns 2,292 shares of the semiconductor company’s stock valued at $51,000 after purchasing an additional 2,010 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in shares of MaxLinear by 27.2% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 4,029 shares of the semiconductor company’s stock worth $90,000 after acquiring an additional 862 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of MaxLinear by 289.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,062 shares of the semiconductor company’s stock worth $97,000 after acquiring an additional 3,020 shares during the last quarter. Counterpoint Mutual Funds LLC bought a new stake in shares of MaxLinear in the 3rd quarter worth approximately $132,000. Finally, Nisa Investment Advisors LLC lifted its holdings in shares of MaxLinear by 8.4% in the 4th quarter. Nisa Investment Advisors LLC now owns 6,310 shares of the semiconductor company’s stock worth $150,000 after acquiring an additional 490 shares during the last quarter. 90.79% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
View Our Latest Stock Analysis on MaxLinear
MaxLinear Company Profile
MaxLinear, Inc provides communications systems-on-chip solutions worldwide. Its products integrate various portions of a high-speed communication system, including radio frequency, high-performance analog, mixed-signal, digital signal processing, security engines, data compression and networking layers, and power management.
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