$280.04 Million in Sales Expected for MaxLinear, Inc. (NYSE:MXL) This Quarter

Equities research analysts expect MaxLinear, Inc. (NYSE:MXLGet Rating) to post $280.04 million in sales for the current quarter, Zacks reports. Five analysts have issued estimates for MaxLinear’s earnings, with the lowest sales estimate coming in at $280.00 million and the highest estimate coming in at $280.10 million. MaxLinear reported sales of $205.38 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 36.4%. The business is expected to announce its next earnings report on Monday, January 1st.

On average, analysts expect that MaxLinear will report full-year sales of $1.11 billion for the current fiscal year, with estimates ranging from $1.08 billion to $1.12 billion. For the next year, analysts anticipate that the business will post sales of $1.23 billion, with estimates ranging from $1.15 billion to $1.28 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for MaxLinear.

MaxLinear (NYSE:MXLGet Rating) last announced its quarterly earnings results on Wednesday, April 27th. The semiconductor company reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.08. MaxLinear had a return on equity of 40.53% and a net margin of 7.58%. The company had revenue of $263.93 million for the quarter, compared to the consensus estimate of $260.08 million.

A number of research firms have weighed in on MXL. StockNews.com began coverage on MaxLinear in a report on Thursday, March 31st. They set a “buy” rating on the stock. Zacks Investment Research upgraded MaxLinear from a “hold” rating to a “buy” rating and set a $57.00 target price on the stock in a report on Wednesday, May 4th. Deutsche Bank Aktiengesellschaft upgraded MaxLinear from a “hold” rating to a “buy” rating in a report on Thursday, May 5th. Susquehanna upgraded MaxLinear from a “neutral” rating to a “positive” rating and upped their target price for the stock from $50.00 to $60.00 in a report on Monday, May 9th. Finally, Benchmark upped their target price on MaxLinear from $68.00 to $75.00 in a report on Thursday, February 3rd. Eleven equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, MaxLinear has a consensus rating of “Buy” and an average target price of $68.45.

Shares of NYSE:MXL opened at $38.45 on Monday. MaxLinear has a 1 year low of $35.26 and a 1 year high of $77.89. The company has a market cap of $2.97 billion, a PE ratio of 42.72, a P/E/G ratio of 0.59 and a beta of 1.99. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.94 and a quick ratio of 1.34. The stock’s 50-day moving average is $49.70 and its 200 day moving average is $59.90.

In other MaxLinear news, VP William Torgerson sold 15,704 shares of the stock in a transaction dated Monday, March 14th. The shares were sold at an average price of $52.68, for a total transaction of $827,286.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 31,730 shares of company stock valued at $1,726,967 in the last quarter. 8.82% of the stock is currently owned by company insiders.

Several large investors have recently made changes to their positions in MXL. Capital International Investors lifted its stake in MaxLinear by 28.6% in the first quarter. Capital International Investors now owns 220,498 shares of the semiconductor company’s stock worth $12,866,000 after purchasing an additional 49,008 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake in MaxLinear by 18.7% in the first quarter. BNP Paribas Arbitrage SA now owns 49,303 shares of the semiconductor company’s stock valued at $2,877,000 after acquiring an additional 7,768 shares in the last quarter. Beacon Pointe Advisors LLC acquired a new stake in MaxLinear in the first quarter valued at approximately $260,000. Dynamic Technology Lab Private Ltd acquired a new stake in MaxLinear in the first quarter valued at approximately $1,104,000. Finally, Goldman Sachs Group Inc. boosted its stake in MaxLinear by 46.6% in the first quarter. Goldman Sachs Group Inc. now owns 384,778 shares of the semiconductor company’s stock valued at $22,452,000 after acquiring an additional 122,258 shares in the last quarter. 88.24% of the stock is owned by hedge funds and other institutional investors.

About MaxLinear (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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