MaxLinear (NASDAQ:MXL) Posts Earnings Results, Misses Estimates By $0.04 EPS

MaxLinear (NASDAQ:MXL) issued its quarterly earnings data on Wednesday. The semiconductor company reported ($0.36) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.32) by ($0.04), Briefing.com reports. The company had revenue of $81.10 million during the quarter, compared to analysts’ expectations of $80.40 million. MaxLinear had a negative net margin of 42.38% and a negative return on equity of 12.39%. The firm’s revenue was down 40.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.02) earnings per share. MaxLinear updated its Q4 2024 guidance to EPS.

MaxLinear Trading Down 1.6 %

MXL stock traded down $0.24 during trading on Friday, reaching $14.85. 1,694,958 shares of the stock traded hands, compared to its average volume of 952,319. The firm has a market capitalization of $1.25 billion, a PE ratio of -6.43 and a beta of 1.83. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.09 and a quick ratio of 1.59. The business’s 50 day moving average price is $13.87 and its 200-day moving average price is $17.11. MaxLinear has a 52-week low of $11.08 and a 52-week high of $26.59.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Northland Securities lowered their price target on shares of MaxLinear from $30.00 to $25.00 and set an “outperform” rating for the company in a report on Thursday, July 25th. Susquehanna cut shares of MaxLinear from a “positive” rating to a “neutral” rating and lowered their target price for the stock from $26.00 to $15.00 in a research note on Tuesday, October 1st. Stifel Nicolaus increased their price target on MaxLinear from $26.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. Needham & Company LLC restated a “hold” rating on shares of MaxLinear in a report on Thursday. Finally, Craig Hallum dropped their target price on MaxLinear from $28.00 to $25.00 and set a “buy” rating for the company in a research note on Thursday. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $23.13.

Insider Transactions at MaxLinear

In other MaxLinear news, CEO Kishore Seendripu purchased 108,303 shares of MaxLinear stock in a transaction on Tuesday, July 30th. The shares were purchased at an average cost of $12.94 per share, with a total value of $1,401,440.82. Following the completion of the transaction, the chief executive officer now directly owns 531,937 shares in the company, valued at approximately $6,883,264.78. This represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 8.60% of the company’s stock.

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.