Wall Street analysts expect MaxLinear, Inc (NYSE:MXL) to report $0.38 earnings per share (EPS) for the current quarter, Zacks reports. Three analysts have made estimates for MaxLinear’s earnings, with estimates ranging from $0.37 to $0.38. MaxLinear also reported earnings of $0.38 per share in the same quarter last year. The firm is expected to issue its next earnings results on Wednesday, February 14th.

According to Zacks, analysts expect that MaxLinear will report full year earnings of $1.45 per share for the current financial year, with EPS estimates ranging from $1.45 to $1.46. For the next year, analysts forecast that the business will post earnings of $1.79 per share, with EPS estimates ranging from $1.78 to $1.80. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for MaxLinear.

MaxLinear (NYSE:MXL) last posted its quarterly earnings results on Tuesday, November 7th. The semiconductor company reported $0.39 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.06. MaxLinear had a net margin of 4.73% and a return on equity of 20.96%. The business had revenue of $113.58 million for the quarter, compared to analysts’ expectations of $115.77 million. During the same period in the prior year, the company posted $0.43 EPS. The business’s revenue for the quarter was up 17.9% on a year-over-year basis.

A number of equities research analysts recently commented on the stock. Needham & Company LLC reissued a “buy” rating and issued a $32.00 price objective on shares of MaxLinear in a research note on Wednesday, November 8th. Zacks Investment Research raised shares of MaxLinear from a “hold” rating to a “strong-buy” rating and set a $30.00 price objective on the stock in a research note on Tuesday, November 14th. Finally, BidaskClub cut shares of MaxLinear from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 24th. One analyst has rated the stock with a sell rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $30.75.

MaxLinear (NYSE MXL) traded down $0.16 during trading hours on Monday, hitting $24.81. 273,200 shares of the stock were exchanged, compared to its average volume of 760,264. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.58 and a current ratio of 2.23. MaxLinear has a fifty-two week low of $20.38 and a fifty-two week high of $32.47. The firm has a market cap of $1,661.23, a PE ratio of 21.39 and a beta of 0.47.

In other MaxLinear news, insider Daniel Omeniuk sold 2,000,000 shares of the firm’s stock in a transaction dated Wednesday, October 18th. The shares were sold at an average price of $0.16, for a total transaction of $320,000.00. 11.92% of the stock is owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the business. D.A. Davidson & CO. lifted its holdings in shares of MaxLinear by 0.9% during the 2nd quarter. D.A. Davidson & CO. now owns 5,298 shares of the semiconductor company’s stock worth $147,000 after acquiring an additional 45 shares during the period. Ameritas Investment Partners Inc. lifted its holdings in shares of MaxLinear by 9.5% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 5,283 shares of the semiconductor company’s stock worth $147,000 after acquiring an additional 460 shares during the period. LS Investment Advisors LLC lifted its holdings in shares of MaxLinear by 59.4% during the 3rd quarter. LS Investment Advisors LLC now owns 7,638 shares of the semiconductor company’s stock worth $181,000 after acquiring an additional 2,846 shares during the period. Pinebridge Investments L.P. purchased a new position in shares of MaxLinear during the 2nd quarter worth about $192,000. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of MaxLinear during the 3rd quarter worth about $205,000. 88.66% of the stock is currently owned by institutional investors.

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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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