Stock Buyback Program Initiated by MaxLinear (NASDAQ:MXL) Board of Directors

MaxLinear (NASDAQ:MXL) announced that its board 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 permits the semiconductor company to buy up to 5.8% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

Analysts Set New Price Targets

Several research firms have recently weighed in on MXL. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of MaxLinear in a research report on Wednesday, October 8th. Loop Capital reissued a “hold” rating and set a $15.00 target price (up from $10.00) on shares of MaxLinear in a report on Monday, August 4th. Wall Street Zen upgraded shares of MaxLinear from a “hold” rating to a “buy” rating in a research report on Saturday, September 20th. Zacks Research cut shares of MaxLinear from a “strong-buy” rating to a “hold” rating in a report on Monday, September 22nd. Finally, Stifel Nicolaus set a $23.00 price objective on shares of MaxLinear in a research report on Friday, October 24th. Three research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, MaxLinear currently has a consensus rating of “Hold” and a consensus target price of $19.94.

MaxLinear Stock Performance

Shares of MXL opened at $14.79 on Tuesday. The company has a market cap of $1.29 billion, a PE ratio of -7.08 and a beta of 1.83. MaxLinear has a one year low of $8.35 and a one year high of $25.73. The stock has a 50-day moving average of $15.64 and a 200-day moving average of $14.79. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.55 and a quick ratio of 1.08.

MaxLinear (NASDAQ:MXL) last issued its quarterly earnings data on Thursday, October 23rd. The semiconductor company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. MaxLinear had a negative return on equity of 12.74% and a negative net margin of 42.43%.The firm had revenue of $126.46 million during the quarter, compared to analyst estimates of $124.66 million. During the same period in the previous year, the company posted ($0.36) EPS. The company’s revenue for the quarter was up 56.0% on a year-over-year basis. MaxLinear has set its Q4 2025 guidance at EPS. On average, equities research analysts predict that MaxLinear will post -0.37 EPS for the current fiscal year.

Insider Activity at MaxLinear

In related news, Director Daniel A. Artusi sold 20,747 shares of the firm’s stock in a transaction dated Thursday, October 30th. The stock was sold at an average price of $15.39, for a total transaction of $319,296.33. Following the transaction, the director directly owned 12,141 shares of the company’s stock, valued at approximately $186,849.99. This trade represents a 63.08% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 7.80% of the stock is owned by insiders.

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.