MaxLinear, Inc. (MXL) Expected to Post Quarterly Sales of $85.50 Million

Analysts expect MaxLinear, Inc. (NYSE:MXL) to post sales of $85.50 million for the current fiscal quarter, Zacks Investment Research reports. Five analysts have made estimates for MaxLinear’s earnings, with estimates ranging from $85.50 million to $85.51 million. MaxLinear reported sales of $101.53 million in the same quarter last year, which would suggest a negative year over year growth rate of 15.8%. The firm is expected to issue its next quarterly earnings results on Tuesday, August 6th.

According to Zacks, analysts expect that MaxLinear will report full-year sales of $360.49 million for the current financial year, with estimates ranging from $354.45 million to $374.89 million. For the next financial year, analysts forecast that the firm will report sales of $401.68 million, with estimates ranging from $394.13 million to $419.56 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover MaxLinear.

MaxLinear (NYSE:MXL) last issued its quarterly earnings results on Wednesday, May 1st. The semiconductor company reported $0.09 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.09. MaxLinear had a positive return on equity of 8.68% and a negative net margin of 9.17%. The business had revenue of $84.64 million during the quarter, compared to the consensus estimate of $84.44 million. During the same period in the previous year, the business earned $0.37 EPS. The business’s quarterly revenue was down 23.6% on a year-over-year basis.



A number of brokerages have recently weighed in on MXL. Needham & Company LLC downgraded MaxLinear from a “buy” rating to a “hold” rating in a report on Thursday, May 2nd. They noted that the move was a valuation call. Zacks Investment Research upgraded MaxLinear from a “sell” rating to a “hold” rating in a research report on Wednesday, April 10th. ValuEngine upgraded MaxLinear from a “hold” rating to a “buy” rating in a research report on Thursday, February 28th. Finally, Wells Fargo & Co began coverage on MaxLinear in a research report on Tuesday. They set a “market perform” rating for the company. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $20.20.

Shares of NYSE MXL traded down $0.62 during trading on Tuesday, reaching $23.29. The stock had a trading volume of 220,446 shares, compared to its average volume of 436,314. MaxLinear has a one year low of $14.87 and a one year 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 company has a market capitalization of $1.67 billion, a price-to-earnings ratio of 29.86, a price-to-earnings-growth ratio of 1.86 and a beta of 1.16.

In other MaxLinear news, Director Donald E. Schrock sold 34,575 shares of the business’s stock in a transaction on Thursday, February 28th. The stock was sold at an average price of $25.36, for a total transaction of $876,822.00. Following the completion of the transaction, the director now owns 76,278 shares in the company, valued at approximately $1,934,410.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 9.97% of the company’s stock.

A number of hedge funds have recently made changes to their positions in MXL. Oregon Public Employees Retirement Fund lifted its holdings in shares of MaxLinear by 1.8% in the first quarter. Oregon Public Employees Retirement Fund now owns 24,306 shares of the semiconductor company’s stock valued at $621,000 after buying an additional 439 shares during the period. Legal & General Group Plc lifted its holdings in shares of MaxLinear by 0.3% in the fourth quarter. Legal & General Group Plc now owns 145,927 shares of the semiconductor company’s stock valued at $2,570,000 after buying an additional 455 shares during the period. Piedmont Investment Advisors Inc. lifted its holdings in shares of MaxLinear by 3.8% in the fourth quarter. Piedmont Investment Advisors Inc. now owns 14,943 shares of the semiconductor company’s stock valued at $263,000 after buying an additional 552 shares during the period. State of Alaska Department of Revenue lifted its holdings in shares of MaxLinear by 2.8% in the fourth quarter. State of Alaska Department of Revenue now owns 20,971 shares of the semiconductor company’s stock valued at $369,000 after buying an additional 575 shares during the period. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of MaxLinear by 24.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,995 shares of the semiconductor company’s stock valued at $53,000 after buying an additional 584 shares during the period. Institutional investors own 98.67% of the company’s stock.

MaxLinear Company Profile

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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Earnings History and Estimates for MaxLinear (NYSE:MXL)

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