Q2 2022 EPS Estimates for MaxLinear, Inc. Boosted by Analyst (NYSE:MXL)

MaxLinear, Inc. (NYSE:MXLGet Rating) – Investment analysts at William Blair increased their Q2 2022 earnings per share estimates for MaxLinear in a report issued on Thursday, April 28th. William Blair analyst A. Vecchi now forecasts that the semiconductor company will earn $0.83 per share for the quarter, up from their previous estimate of $0.75.

Several other analysts also recently issued reports on the stock. StockNews.com started coverage on shares of MaxLinear in a research note on Thursday, March 31st. They issued a “buy” rating for the company. Benchmark lifted their price target on shares of MaxLinear from $68.00 to $75.00 in a report on Thursday, February 3rd. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of MaxLinear from $65.00 to $55.00 and set a “hold” rating for the company in a research note on Wednesday, April 20th. Susquehanna Bancshares decreased their target price on shares of MaxLinear from $70.00 to $58.00 in a research report on Friday. Finally, Northland Securities boosted their target price on shares of MaxLinear from $71.00 to $77.00 in a research report on Thursday, February 3rd. One research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $69.36.

Shares of NYSE MXL opened at $47.87 on Monday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.95 and a quick ratio of 1.31. The company has a market cap of $3.68 billion, a P/E ratio of 53.19, a PEG ratio of 0.85 and a beta of 1.99. MaxLinear has a 1 year low of $31.76 and a 1 year high of $77.89. The firm has a 50-day simple moving average of $54.02 and a two-hundred day simple moving average of $61.38.

MaxLinear (NYSE:MXLGet Rating) last announced its quarterly earnings data on Wednesday, February 2nd. The semiconductor company reported $0.66 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.01. The business had revenue of $247.90 million during the quarter, compared to the consensus estimate of $244.71 million. MaxLinear had a net margin of 7.58% and a return on equity of 42.02%. The firm’s quarterly revenue was up 27.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.12 earnings per share.

In other MaxLinear news, VP William Torgerson sold 15,704 shares of the business’s stock in a transaction dated Monday, March 14th. The shares were sold at an average price of $52.68, for a total value of $827,286.72. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Daniel A. Artusi sold 12,229 shares of the business’s stock in a transaction dated Wednesday, February 9th. The shares were sold at an average price of $64.95, for a total transaction of $794,273.55. The disclosure for this sale can be found here. Insiders have sold 43,959 shares of company stock valued at $2,521,240 in the last three months. Corporate insiders own 8.82% of the company’s stock.

A number of institutional investors have recently modified their holdings of the business. BlackRock Inc. grew its position in MaxLinear by 2.8% during the 4th quarter. BlackRock Inc. now owns 10,893,002 shares of the semiconductor company’s stock worth $821,225,000 after purchasing an additional 300,867 shares during the last quarter. Bank of New York Mellon Corp grew its position in MaxLinear by 30.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,101,545 shares of the semiconductor company’s stock worth $103,502,000 after purchasing an additional 484,521 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of MaxLinear by 5.3% in the 4th quarter. Geode Capital Management LLC now owns 1,245,695 shares of the semiconductor company’s stock worth $93,912,000 after acquiring an additional 62,439 shares during the period. Invesco Ltd. lifted its stake in shares of MaxLinear by 4.2% in the 4th quarter. Invesco Ltd. now owns 876,813 shares of the semiconductor company’s stock worth $66,102,000 after acquiring an additional 35,293 shares during the period. Finally, Norges Bank acquired a new stake in shares of MaxLinear in the 4th quarter worth $56,653,000. 83.19% of the stock is currently owned by institutional investors.

MaxLinear Company Profile (Get Rating)

MaxLinear, Inc provides radiofrequency (RF), high-performance analog, and mixed-signal communications systems-on-chip solutions (SoCs) for the connected home, wired and wireless infrastructure, and industrial and multi-market applications worldwide. Its products integrate various portions of a high-speed communication system, including RF, high-performance analog, mixed-signal, digital signal processing, security engines, data compression, networking layers, and power management.

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Earnings History and Estimates for MaxLinear (NYSE:MXL)

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