MaxLinear (MXL) Scheduled to Post Earnings on Wednesday

MaxLinear (NYSE:MXL) is scheduled to issue its quarterly earnings data after the market closes on Wednesday, April 24th. Analysts expect the company to announce earnings of ($0.20) per share for the quarter. MaxLinear has set its Q1 2024 guidance at EPS.Parties that wish to register for the company’s conference call can do so using this link.

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

MaxLinear Trading Down 1.0 %

Shares of NYSE:MXL opened at $21.42 on Wednesday. The company has a 50 day moving average of $19.70 and a 200-day moving average of $19.99. The firm has a market cap of $1.75 billion, a P/E ratio of -24.07 and a beta of 1.98. MaxLinear has a twelve month low of $13.43 and a twelve month high of $35.09. The company has a current ratio of 2.20, a quick ratio of 1.75 and a debt-to-equity ratio of 0.18.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On MaxLinear

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MXL. Price T Rowe Associates Inc. MD raised its holdings in shares of MaxLinear by 138.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,758,536 shares of the semiconductor company’s stock valued at $41,801,000 after purchasing an additional 1,019,710 shares in the last quarter. Barclays PLC raised its holdings in shares of MaxLinear by 197.8% during the 4th quarter. Barclays PLC now owns 182,134 shares of the semiconductor company’s stock valued at $4,329,000 after purchasing an additional 120,976 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of MaxLinear by 8.5% during the 4th quarter. Vanguard Group Inc. now owns 11,586,273 shares of the semiconductor company’s stock valued at $275,406,000 after purchasing an additional 903,235 shares in the last quarter. Voloridge Investment Management LLC raised its holdings in shares of MaxLinear by 7.3% during the 4th quarter. Voloridge Investment Management LLC now owns 850,740 shares of the semiconductor company’s stock valued at $20,222,000 after purchasing an additional 57,713 shares in the last quarter. Finally, Vident Advisory LLC raised its holdings in shares of MaxLinear by 106.8% during the 4th quarter. Vident Advisory LLC now owns 43,412 shares of the semiconductor company’s stock valued at $1,032,000 after purchasing an additional 22,422 shares in 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.