$0.33 Earnings Per Share Expected for MaxLinear, Inc (MXL) This Quarter
Analysts predict that MaxLinear, Inc (NYSE:MXL) will post earnings of $0.33 per share for the current quarter, according to Zacks. Four analysts have made estimates for MaxLinear’s earnings. The highest EPS estimate is $0.33 and the lowest is $0.32. MaxLinear reported earnings per share of $0.43 during the same quarter last year, which suggests a negative year over year growth rate of 23.3%. The company is expected to issue its next quarterly earnings report after the market closes on Tuesday, November 7th.
On average, analysts expect that MaxLinear will report full-year earnings of $1.38 per share for the current year, with EPS estimates ranging from $1.37 to $1.41. For the next financial year, analysts expect that the company will post earnings of $1.74 per share, with EPS estimates ranging from $1.68 to $1.80. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover MaxLinear.
MaxLinear (NYSE:MXL) last released its quarterly earnings results on Tuesday, August 8th. The semiconductor company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.04. The firm had revenue of $104.18 million during the quarter, compared to the consensus estimate of $107.77 million. MaxLinear had a return on equity of 22.29% and a net margin of 9.95%. The business’s revenue was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.50 EPS.
A number of brokerages have recently commented on MXL. Stifel Nicolaus lowered their price target on MaxLinear from $34.00 to $33.00 and set a “buy” rating for the company in a research note on Wednesday, August 9th. Deutsche Bank AG lowered their price target on MaxLinear from $32.00 to $30.00 and set a “buy” rating for the company in a research note on Wednesday, August 9th. Needham & Company LLC lowered their price target on MaxLinear from $34.00 to $32.00 and set a “buy” rating for the company in a research note on Monday, July 17th. Roth Capital lowered their price target on MaxLinear from $38.00 to $33.50 and set a “buy” rating for the company in a research note on Wednesday, August 9th. Finally, BidaskClub cut MaxLinear from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $30.42.
Shares of MaxLinear (NYSE:MXL) opened at $23.65 on Friday. The company has a market capitalization of $1.57 billion, a P/E ratio of 19.58, a PEG ratio of 1.20 and a beta of 0.47. The company has a quick ratio of 1.64, a current ratio of 2.34 and a debt-to-equity ratio of 1.04. MaxLinear has a twelve month low of $18.53 and a twelve month high of $32.47.
A number of hedge funds and other institutional investors have recently bought and sold shares of MXL. BlackRock Inc. increased its stake in MaxLinear by 74,544.4% during the 1st quarter. BlackRock Inc. now owns 3,342,576 shares of the semiconductor company’s stock worth $93,758,000 after purchasing an additional 3,338,098 shares in the last quarter. Vanguard Group Inc. increased its stake in MaxLinear by 23.5% during the 2nd quarter. Vanguard Group Inc. now owns 5,095,203 shares of the semiconductor company’s stock worth $142,105,000 after purchasing an additional 970,197 shares in the last quarter. Mesirow Financial Investment Management Equity Management bought a new stake in MaxLinear during the 2nd quarter worth approximately $13,721,000. Principal Financial Group Inc. increased its stake in MaxLinear by 3,353.7% during the 2nd quarter. Principal Financial Group Inc. now owns 447,111 shares of the semiconductor company’s stock worth $12,470,000 after purchasing an additional 434,165 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in MaxLinear by 45.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,339,398 shares of the semiconductor company’s stock worth $37,355,000 after purchasing an additional 419,925 shares in the last quarter. 85.67% of the stock is owned by institutional investors and hedge funds.
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MaxLinear Company Profile
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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