Brokerages expect MaxLinear, Inc. (NYSE:MXL) to post $104.70 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for MaxLinear’s earnings. The highest sales estimate is $105.00 million and the lowest is $104.10 million. MaxLinear reported sales of $104.18 million during the same quarter last year, which would suggest a positive year over year growth rate of 0.5%. The business is expected to announce its next quarterly earnings report on Tuesday, August 14th.
According to Zacks, analysts expect that MaxLinear will report full-year sales of $444.43 million for the current financial year, with estimates ranging from $428.90 million to $480.20 million. For the next year, analysts expect that the company will post sales of $504.03 million per share, with estimates ranging from $476.50 million to $559.92 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that follow MaxLinear.
MaxLinear (NYSE:MXL) last posted its quarterly earnings results on Tuesday, May 8th. The semiconductor company reported $0.37 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.01. MaxLinear had a negative net margin of 3.57% and a positive return on equity of 19.99%. The business had revenue of $110.83 million during the quarter, compared to analyst estimates of $111.91 million. During the same period in the previous year, the business posted $0.33 EPS. The company’s quarterly revenue was up 24.8% on a year-over-year basis.
Several research analysts have recently commented on the stock. ValuEngine lowered shares of MaxLinear from a “sell” rating to a “strong sell” rating in a report on Monday, June 11th. Roth Capital reissued a “neutral” rating and set a $20.00 target price (down from $27.00) on shares of MaxLinear in a research note on Monday, June 11th. William Blair initiated coverage on shares of MaxLinear in a research note on Monday, June 4th. They set an “outperform” rating for the company. Zacks Investment Research lowered shares of MaxLinear from a “hold” rating to a “sell” rating in a research note on Tuesday, May 15th. Finally, Stifel Nicolaus reduced their target price on shares of MaxLinear from $33.00 to $31.00 and set a “buy” rating for the company in a research note on Wednesday, May 9th. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. MaxLinear currently has a consensus rating of “Hold” and a consensus price target of $28.20.
In other MaxLinear news, insider Connie H. Kwong sold 1,500 shares of the business’s stock in a transaction dated Thursday, May 17th. The shares were sold at an average price of $19.30, for a total transaction of $28,950.00. Following the completion of the transaction, the insider now directly owns 5,609 shares of the company’s stock, valued at approximately $108,253.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 11.47% of the company’s stock.
A number of institutional investors have recently bought and sold shares of MXL. Schwab Charles Investment Management Inc. boosted its stake in MaxLinear by 7.1% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 287,556 shares of the semiconductor company’s stock valued at $7,598,000 after purchasing an additional 19,050 shares during the period. Teacher Retirement System of Texas bought a new stake in shares of MaxLinear during the 4th quarter worth about $599,000. Swiss National Bank raised its position in shares of MaxLinear by 3.6% during the 4th quarter. Swiss National Bank now owns 113,373 shares of the semiconductor company’s stock worth $2,995,000 after buying an additional 3,900 shares in the last quarter. Pinebridge Investments L.P. raised its position in shares of MaxLinear by 204.4% during the 4th quarter. Pinebridge Investments L.P. now owns 22,875 shares of the semiconductor company’s stock worth $604,000 after buying an additional 15,360 shares in the last quarter. Finally, Arizona State Retirement System raised its position in shares of MaxLinear by 225.4% during the 4th quarter. Arizona State Retirement System now owns 102,413 shares of the semiconductor company’s stock worth $2,706,000 after buying an additional 70,943 shares in the last quarter. 91.88% of the stock is owned by hedge funds and other institutional investors.
NYSE MXL opened at $17.40 on Tuesday. MaxLinear has a one year low of $16.76 and a one year high of $30.23. The company has a quick ratio of 2.32, a current ratio of 3.00 and a debt-to-equity ratio of 0.79. The stock has a market capitalization of $1.20 billion, a PE ratio of 15.36, a price-to-earnings-growth ratio of 0.88 and a beta of 0.50.
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.