MaxLinear (NASDAQ:MXL) to Repurchase $75.00 million in Stock

MaxLinear (NASDAQ:MXL) announced that its Board of Directors has approved a share buyback plan on Monday, November 24th, RTT News reports. The company plans to repurchase $75.00 million in shares. This repurchase authorization allows the semiconductor company to buy up to 5.8% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Loop Capital reiterated a “hold” rating and set a $15.00 target price (up from $10.00) on shares of MaxLinear in a research report on Monday, August 4th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of MaxLinear in a research note on Wednesday, October 8th. Williams Trading set a $25.00 target price on shares of MaxLinear in a research report on Friday, October 24th. Benchmark restated a “buy” rating and issued a $25.00 target price on shares of MaxLinear in a report on Friday, October 24th. Finally, Stifel Nicolaus set a $23.00 price target on shares of MaxLinear in a research report on Friday, October 24th. Three equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, MaxLinear has an average rating of “Hold” and an average target price of $19.94.

MaxLinear Stock Up 4.5%

Shares of NASDAQ:MXL opened at $15.46 on Wednesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.08 and a current ratio of 1.55. MaxLinear has a 1 year low of $8.35 and a 1 year high of $25.73. The stock has a market capitalization of $1.35 billion, a P/E ratio of -7.40 and a beta of 1.83. The stock has a 50-day simple moving average of $15.63 and a 200-day simple moving average of $14.81.

MaxLinear (NASDAQ:MXL) last posted its quarterly earnings results on Thursday, October 23rd. The semiconductor company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.12 by $0.02. MaxLinear had a negative net margin of 42.43% and a negative return on equity of 12.74%. The firm had revenue of $126.46 million for the quarter, compared to analyst estimates of $124.66 million. During the same quarter last year, the firm posted ($0.36) earnings per share. MaxLinear’s revenue for the quarter was up 56.0% compared to the same quarter last year. MaxLinear has set its Q4 2025 guidance at EPS. Equities analysts forecast that MaxLinear will post -0.37 earnings per share for the current year.

Insider Buying and Selling at MaxLinear

In related news, Director Daniel A. Artusi sold 20,747 shares of the company’s stock in a transaction on Thursday, October 30th. The shares were sold at an average price of $15.39, for a total transaction of $319,296.33. Following the completion of the sale, the director directly owned 12,141 shares of the company’s stock, valued at approximately $186,849.99. This represents a 63.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 7.80% of the company’s stock.

About MaxLinear

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.