Brokerages Anticipate MaxLinear, Inc. (NYSE:MXL) to Post $0.22 EPS

Equities analysts expect MaxLinear, Inc. (NYSE:MXL) to post earnings of $0.22 per share for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for MaxLinear’s earnings. The highest EPS estimate is $0.24 and the lowest is $0.21. MaxLinear posted earnings per share of $0.19 in the same quarter last year, which would suggest a positive year-over-year growth rate of 15.8%. The firm is scheduled to issue its next quarterly earnings report on Tuesday, October 29th.

On average, analysts expect that MaxLinear will report full year earnings of $0.85 per share for the current fiscal year, with EPS estimates ranging from $0.83 to $0.95. For the next year, analysts expect that the company will post earnings of $1.09 per share, with EPS estimates ranging from $0.97 to $1.23. Zacks’ EPS averages are an average based on a survey of sell-side research firms that cover MaxLinear.

MaxLinear (NYSE:MXL) last released its earnings results on Thursday, July 25th. The semiconductor company reported $0.11 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.11. MaxLinear had a positive return on equity of 7.16% and a negative net margin of 6.09%. The firm had revenue of $82.50 million for the quarter, compared to the consensus estimate of $82.58 million. During the same period in the prior year, the firm earned $0.34 EPS. The firm’s revenue was down 18.7% on a year-over-year basis.

Several equities analysts recently issued reports on the company. Needham & Company LLC downgraded MaxLinear from a “buy” rating to a “hold” rating in a research report on Thursday, May 2nd. They noted that the move was a valuation call. Deutsche Bank set a $25.00 target price on MaxLinear and gave the company a “hold” rating in a research report on Friday, July 26th. ValuEngine downgraded MaxLinear from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 1st. Zacks Investment Research raised MaxLinear from a “sell” rating to a “hold” rating in a research report on Thursday. Finally, Wells Fargo & Co assumed coverage on MaxLinear in a research report on Tuesday, May 14th. They issued a “market perform” rating on the stock. Eight equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. MaxLinear currently has an average rating of “Hold” and a consensus target price of $20.80.

In other MaxLinear news, Chairman Kishore Seendripu sold 21,000 shares of the stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $20.79, for a total transaction of $436,590.00. Following the sale, the chairman now directly owns 12,466 shares of the company’s stock, valued at approximately $259,168.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Michael J. Lachance sold 3,495 shares of the stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $21.90, for a total value of $76,540.50. Following the sale, the vice president now directly owns 56,475 shares in the company, valued at $1,236,802.50. The disclosure for this sale can be found here. Insiders have sold a total of 95,297 shares of company stock worth $2,054,920 over the last ninety days. 9.97% of the stock is owned by insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. Nuveen Asset Management LLC acquired a new stake in shares of MaxLinear during the 2nd quarter valued at about $6,586,000. Price T Rowe Associates Inc. MD grew its position in shares of MaxLinear by 0.9% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 3,688,078 shares of the semiconductor company’s stock valued at $86,449,000 after acquiring an additional 34,198 shares during the period. UBS Asset Management Americas Inc. grew its position in shares of MaxLinear by 1.7% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 456,182 shares of the semiconductor company’s stock valued at $10,693,000 after acquiring an additional 7,485 shares during the period. Citadel Advisors LLC grew its position in shares of MaxLinear by 112.1% during the 2nd quarter. Citadel Advisors LLC now owns 23,755 shares of the semiconductor company’s stock valued at $557,000 after acquiring an additional 12,555 shares during the period. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of MaxLinear during the 2nd quarter valued at about $519,000. 90.86% of the stock is currently owned by institutional investors.

Shares of NYSE MXL traded up $0.46 during mid-day trading on Friday, hitting $20.64. The stock had a trading volume of 4,799 shares, compared to its average volume of 509,710. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.94 and a current ratio of 2.58. The company has a 50 day moving average of $23.11 and a two-hundred day moving average of $23.85. MaxLinear has a twelve month low of $14.87 and a twelve month high of $28.70. The firm has a market cap of $1.49 billion, a PE ratio of 26.40, a PEG ratio of 3.70 and a beta of 1.27.

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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