Equities research analysts expect MaxLinear, Inc. (NYSE:MXL) to announce sales of $104.70 million for the current fiscal quarter, according to Zacks. Three analysts have made estimates for MaxLinear’s earnings. The lowest sales estimate is $104.10 million and the highest is $105.00 million. MaxLinear posted sales of $104.18 million during the same quarter last year, which would indicate a positive year over year growth rate of 0.5%. The business is scheduled to report its next 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 fiscal year, analysts forecast that the firm will report sales of $504.03 million per share, with estimates ranging from $476.50 million to $559.92 million. Zacks’ sales averages are an average based on a survey of research firms that cover MaxLinear.
Get MaxLinear alerts:MaxLinear (NYSE:MXL) last issued its quarterly earnings data on Tuesday, May 8th. The semiconductor company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $110.83 million for the quarter, compared to analyst estimates of $111.91 million. During the same quarter in the previous year, the business posted $0.33 EPS. The firm’s revenue was up 24.8% compared to the same quarter last year.
A number of equities analysts have commented on the stock. Deutsche Bank lowered shares of MaxLinear from a “buy” rating to a “hold” rating and set a $30.00 price objective on the stock. in a report on Wednesday, May 9th. Stifel Nicolaus cut their price objective on shares of MaxLinear from $33.00 to $31.00 and set a “buy” rating on the stock in a report on Wednesday, May 9th. Zacks Investment Research raised shares of MaxLinear from a “sell” rating to a “hold” rating in a research report on Wednesday, April 18th. Roth Capital reissued a “neutral” rating and issued a $20.00 target price (down previously from $27.00) on shares of MaxLinear in a research report on Monday, June 11th. Finally, William Blair assumed coverage on shares of MaxLinear in a research report on Monday, June 4th. They issued an “outperform” rating for the company. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $26.60.
In other 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 value of $28,950.00. Following the completion of the sale, the insider now owns 5,609 shares of the company’s stock, valued at approximately $108,253.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 11.47% of the stock is currently owned by insiders.
Several large investors have recently made changes to their positions in the stock. Principal Financial Group Inc. grew its position in shares of MaxLinear by 2.4% during the 1st quarter. Principal Financial Group Inc. now owns 467,041 shares of the semiconductor company’s stock valued at $10,625,000 after buying an additional 11,080 shares during the last quarter. WINTON GROUP Ltd bought a new stake in shares of MaxLinear during the 1st quarter valued at about $394,000. Harvest Capital Strategies LLC bought a new stake in shares of MaxLinear during the 1st quarter valued at about $1,138,000. The Manufacturers Life Insurance Company grew its position in shares of MaxLinear by 78.7% during the 1st quarter. The Manufacturers Life Insurance Company now owns 83,297 shares of the semiconductor company’s stock valued at $1,895,000 after buying an additional 36,685 shares during the last quarter. Finally, Avalon Global Asset Management LLC grew its position in shares of MaxLinear by 6.2% during the 1st quarter. Avalon Global Asset Management LLC now owns 171,500 shares of the semiconductor company’s stock valued at $3,902,000 after buying an additional 10,000 shares during the last quarter. 91.90% of the stock is owned by institutional investors and hedge funds.
MaxLinear traded down $0.01, reaching $17.00, during trading on Friday, Marketbeat reports. The stock had a trading volume of 555,500 shares, compared to its average volume of 694,013. MaxLinear has a 1-year low of $15.39 and a 1-year high of $28.99. The company has a debt-to-equity ratio of 0.79, a current ratio of 3.00 and a quick ratio of 2.32. The firm has a market capitalization of $1.16 billion, a P/E ratio of 14.41, a P/E/G ratio of 0.85 and a beta of 0.57.
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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