MaxLinear, Inc (NYSE:MXL) – Equities researchers at William Blair decreased their Q3 2017 earnings per share (EPS) estimates for shares of MaxLinear in a note issued to investors on Tuesday. William Blair analyst A. Doradla now anticipates that the semiconductor company will earn $0.27 per share for the quarter, down from their previous estimate of $0.28. William Blair also issued estimates for MaxLinear’s FY2017 earnings at $1.08 EPS and FY2018 earnings at $1.53 EPS.

Several other brokerages have also commented on MXL. Needham & Company LLC increased their price objective on shares of MaxLinear from $32.00 to $34.00 and gave the company a “buy” rating in a research report on Friday, June 9th. Zacks Investment Research raised shares of MaxLinear from a “sell” rating to a “hold” rating and set a $37.00 price objective for the company in a research report on Friday, June 9th. Stifel Nicolaus increased their price objective on shares of MaxLinear from $34.00 to $36.00 and gave the company a “buy” rating in a research report on Wednesday, May 10th. BidaskClub lowered shares of MaxLinear from a “buy” rating to a “hold” rating in a research report on Friday, June 30th. Finally, Deutsche Bank AG decreased their price objective on shares of MaxLinear from $33.00 to $32.00 and set a “buy” rating for the company in a research report on Friday, July 21st. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $31.50.

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MaxLinear (MXL) traded down 0.19% on Friday, hitting $26.12. 98,072 shares of the stock traded hands. The company has a market capitalization of $1.71 billion, a PE ratio of 36.13 and a beta of 0.63. The firm has a 50-day moving average price of $28.21 and a 200-day moving average price of $27.58. MaxLinear has a 12 month low of $17.13 and a 12 month high of $32.47.

MaxLinear (NYSE:MXL) last released its quarterly earnings data on Tuesday, May 9th. The semiconductor company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.04. MaxLinear had a net margin of 13.12% and a return on equity of 26.77%. The firm had revenue of $88.84 million during the quarter, compared to analysts’ expectations of $88.02 million. During the same period in the previous year, the company earned $0.47 earnings per share. The firm’s quarterly revenue was down 13.5% on a year-over-year basis.

A number of institutional investors have recently bought and sold shares of the company. Russell Investments Group Ltd. acquired a new position in MaxLinear during the fourth quarter worth about $354,000. Dimensional Fund Advisors LP raised its position in MaxLinear by 30.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 915,588 shares of the semiconductor company’s stock worth $19,960,000 after buying an additional 212,937 shares in the last quarter. New York State Teachers Retirement System raised its position in MaxLinear by 4.2% in the fourth quarter. New York State Teachers Retirement System now owns 5,000 shares of the semiconductor company’s stock worth $109,000 after buying an additional 200 shares in the last quarter. Envestnet Asset Management Inc. raised its position in MaxLinear by 28.1% in the fourth quarter. Envestnet Asset Management Inc. now owns 5,780 shares of the semiconductor company’s stock worth $125,000 after buying an additional 1,267 shares in the last quarter. Finally, Guggenheim Capital LLC raised its position in MaxLinear by 22.0% in the fourth quarter. Guggenheim Capital LLC now owns 27,090 shares of the semiconductor company’s stock worth $591,000 after buying an additional 4,880 shares in the last quarter. 83.82% of the stock is owned by institutional investors.

In other MaxLinear news, VP Madhukar Reddy sold 52,979 shares of the firm’s stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $31.32, for a total transaction of $1,659,302.28. Following the completion of the transaction, the vice president now directly owns 226,671 shares of the company’s stock, valued at approximately $7,099,335.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Steven Craddock sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, May 26th. The stock was sold at an average price of $30.86, for a total transaction of $617,200.00. Following the transaction, the director now directly owns 73,752 shares of the company’s stock, valued at $2,275,986.72. The disclosure for this sale can be found here. Insiders have sold a total of 276,004 shares of company stock valued at $8,638,836 over the last three months. 11.92% of the stock is currently owned by insiders.

About MaxLinear

MaxLinear, Inc is a provider of radio frequency (RF) and mixed-signal integrated circuits for cable and satellite broadband communications and the connected home, and wired and wireless infrastructure markets. The Company’s RF receiver products capture and process digital and analog broadband signals to be decoded for various applications.

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