MaxLinear (MXL) Announces Earnings Results

MaxLinear (NYSE:MXL) announced its quarterly earnings data on Tuesday. The semiconductor company reported $0.38 EPS for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.01, Bloomberg Earnings reports. MaxLinear had a net margin of 4.73% and a return on equity of 20.96%.

MaxLinear (NYSE:MXL) opened at $25.52 on Wednesday. The company has a quick ratio of 1.58, a current ratio of 2.23 and a debt-to-equity ratio of 0.93. The stock has a market cap of $1,690.02, a PE ratio of 98.16 and a beta of 0.41. MaxLinear has a twelve month low of $20.38 and a twelve month high of $32.47.

In other news, VP Brendan Walsh sold 25,018 shares of the stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $28.00, for a total value of $700,504.00. Following the completion of the transaction, the vice president now owns 155,441 shares in the company, valued at approximately $4,352,348. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 11.92% of the company’s stock.

MXL has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of MaxLinear from a “sell” rating to a “hold” rating in a research report on Wednesday, November 8th. Needham & Company LLC restated a “buy” rating and set a $32.00 price objective on shares of MaxLinear in a research report on Wednesday, November 8th. Finally, Roth Capital reiterated a “buy” rating and issued a $33.00 price target on shares of MaxLinear in a report on Friday, December 29th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $31.20.

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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.

Earnings History for MaxLinear (NYSE:MXL)

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