MaxLinear (MXL) Scheduled to Post Earnings on Wednesday

MaxLinear (NYSE:MXL) will be releasing its earnings data after the market closes on Wednesday, April 24th. Analysts expect MaxLinear to post earnings of ($0.20) per share for the quarter. MaxLinear has set its Q1 2024 guidance at EPS.Individual interested in listening to the company’s earnings conference call can do so using this link.

MaxLinear (NYSE:MXL) last announced its quarterly earnings data on Wednesday, January 31st. The semiconductor company reported ($0.17) EPS for the quarter, meeting the consensus estimate of ($0.17). MaxLinear had a positive return on equity of 4.77% and a negative net margin of 10.55%. The firm had revenue of $125.35 million for the quarter, compared to analyst estimates of $125.06 million. On average, analysts expect MaxLinear to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

MaxLinear Price Performance

MXL opened at $21.42 on Wednesday. The stock’s 50 day simple moving average is $19.70 and its 200 day simple moving average is $19.99. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.20 and a quick ratio of 1.75. MaxLinear has a 1 year low of $13.43 and a 1 year high of $35.09. The firm has a market cap of $1.75 billion, a price-to-earnings ratio of -24.07 and a beta of 1.98.

Analyst Ratings Changes

A number of brokerages have recently weighed in on MXL. Wells Fargo & Company lowered MaxLinear from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $35.00 to $25.00 in a research report on Wednesday, January 3rd. Needham & Company LLC lowered their target price on MaxLinear from $28.00 to $25.00 and set a “buy” rating for the company in a research note on Thursday, February 1st. Northland Securities upgraded MaxLinear from a “market perform” rating to an “outperform” rating and set a $30.00 target price for the company in a research note on Thursday, April 4th. StockNews.com upgraded MaxLinear from a “sell” rating to a “hold” rating in a research note on Thursday, February 29th. Finally, Benchmark raised their target price on MaxLinear from $23.00 to $28.00 and gave the company a “buy” rating in a research note on Monday. Eight analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $26.09.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Captrust Financial Advisors raised its stake in shares of MaxLinear by 2.8% in the second quarter. Captrust Financial Advisors now owns 12,636 shares of the semiconductor company’s stock worth $429,000 after purchasing an additional 340 shares during the last quarter. Rockefeller Capital Management L.P. boosted its stake in MaxLinear by 13.0% during the fourth quarter. Rockefeller Capital Management L.P. now owns 3,798 shares of the semiconductor company’s stock valued at $128,000 after buying an additional 436 shares during the last quarter. XTX Topco Ltd boosted its stake in MaxLinear by 5.2% during the first quarter. XTX Topco Ltd now owns 9,995 shares of the semiconductor company’s stock valued at $352,000 after buying an additional 492 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in MaxLinear by 7.1% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 8,299 shares of the semiconductor company’s stock valued at $292,000 after buying an additional 548 shares during the last quarter. Finally, IMA Wealth Inc. lifted its stake in shares of MaxLinear by 1.7% in the 1st quarter. IMA Wealth Inc. now owns 37,928 shares of the semiconductor company’s stock valued at $1,335,000 after purchasing an additional 622 shares during the last quarter. Hedge funds and other institutional investors own 90.79% of the company’s stock.

MaxLinear Company Profile

MaxLinear, Inc provides communications systems-on-chip solutions worldwide. Its products integrate various portions of a high-speed communication system, including radio frequency, high-performance analog, mixed-signal, digital signal processing, security engines, data compression and networking layers, and power management.