Brokerages expect that MaxLinear, Inc (NYSE:MXL) will announce sales of $114.34 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for MaxLinear’s earnings, with the highest sales estimate coming in at $115.00 million and the lowest estimate coming in at $114.00 million. MaxLinear reported sales of $87.14 million during the same quarter last year, which would suggest a positive year over year growth rate of 31.2%. The company is scheduled to issue its next earnings report on Wednesday, February 14th.

On average, analysts expect that MaxLinear will report full-year sales of $114.34 million for the current year, with estimates ranging from $420.60 million to $426.25 million. For the next year, analysts anticipate that the company will report sales of $514.32 million per share, with estimates ranging from $512.00 million to $516.10 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow MaxLinear.

MaxLinear (NYSE:MXL) last posted its quarterly earnings data on Tuesday, November 7th. The semiconductor company reported $0.39 earnings per share (EPS) for the quarter, topping the 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 company had revenue of $113.58 million for the quarter, compared to the consensus estimate of $115.77 million. During the same quarter in the previous year, the firm posted $0.43 EPS. The business’s revenue was up 17.9% compared to the same quarter last year.

Several analysts have recently weighed in on MXL shares. BidaskClub lowered shares of MaxLinear from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 24th. Zacks Investment Research upgraded shares of MaxLinear from a “sell” rating to a “hold” rating in a research report on Wednesday, November 8th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $32.00 target price on shares of MaxLinear in a research report on Wednesday, November 8th. One research analyst has rated the stock with a sell rating, five have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $30.75.

Shares of MaxLinear (MXL) opened at $24.99 on Wednesday. The company has a current ratio of 2.23, a quick ratio of 1.58 and a debt-to-equity ratio of 0.93. MaxLinear has a 12-month low of $20.38 and a 12-month high of $32.47. The firm has a market cap of $1,665.92, a PE ratio of 21.45 and a beta of 0.47.

In other MaxLinear news, insider Daniel Omeniuk bought 250,000 shares of the firm’s stock in a transaction dated Monday, September 25th. The shares were acquired at an average cost of $0.19 per share, for a total transaction of $47,500.00. 11.92% of the stock is currently owned by insiders.

Large investors have recently added to or reduced their stakes in the business. Ameritas Investment Partners Inc. boosted its position in MaxLinear by 9.5% in the second quarter. Ameritas Investment Partners Inc. now owns 5,283 shares of the semiconductor company’s stock valued at $147,000 after buying an additional 460 shares in the last quarter. D.A. Davidson & CO. boosted its position in MaxLinear by 0.9% in the second quarter. D.A. Davidson & CO. now owns 5,298 shares of the semiconductor company’s stock valued at $147,000 after buying an additional 45 shares in the last quarter. Pinebridge Investments L.P. acquired a new position in MaxLinear in the second quarter valued at about $192,000. GSA Capital Partners LLP acquired a new position in MaxLinear in the second quarter valued at about $208,000. Finally, LS Investment Advisors LLC boosted its position in MaxLinear by 59.4% in the third quarter. LS Investment Advisors LLC now owns 7,638 shares of the semiconductor company’s stock valued at $181,000 after buying an additional 2,846 shares in the last quarter. Hedge funds and other institutional investors own 88.66% of the company’s stock.

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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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