$84.52 Million in Sales Expected for MaxLinear, Inc. (MXL) This Quarter

Equities analysts expect MaxLinear, Inc. (NYSE:MXL) to report $84.52 million in sales for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for MaxLinear’s earnings, with the lowest sales estimate coming in at $84.49 million and the highest estimate coming in at $84.60 million. MaxLinear reported sales of $110.83 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 23.7%. The firm is scheduled to announce its next quarterly earnings results after the market closes on Wednesday, May 1st.

On average, analysts expect that MaxLinear will report full year sales of $370.31 million for the current financial year, with estimates ranging from $367.90 million to $374.89 million. For the next year, analysts expect that the business will report sales of $408.02 million, with estimates ranging from $400.62 million to $419.56 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover MaxLinear.

MaxLinear (NYSE:MXL) last announced its earnings results on Tuesday, February 5th. The semiconductor company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.11. MaxLinear had a positive return on equity of 11.90% and a negative net margin of 6.80%. The firm had revenue of $87.63 million during the quarter, compared to analyst estimates of $87.00 million. During the same period last year, the firm posted $0.38 EPS. The business’s revenue was down 22.9% compared to the same quarter last year.

MXL has been the subject of several research analyst reports. JPMorgan Chase & Co. initiated coverage on MaxLinear in a research report on Friday, January 4th. They set a “neutral” rating and a $18.00 target price for the company. Needham & Company LLC reaffirmed a “buy” rating on shares of MaxLinear in a research report on Wednesday, February 6th. ValuEngine raised MaxLinear from a “hold” rating to a “buy” rating in a research report on Thursday, February 28th. Finally, Zacks Investment Research raised MaxLinear from a “sell” rating to a “hold” rating in a research report on Wednesday, April 10th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $21.83.

Shares of MaxLinear stock opened at $27.72 on Friday. MaxLinear has a 1 year low of $14.87 and a 1 year high of $28.16. The firm has a market cap of $1.93 billion, a PE ratio of 35.54, a price-to-earnings-growth ratio of 1.77 and a beta of 1.17. The company has a quick ratio of 1.97, a current ratio of 2.56 and a debt-to-equity ratio of 0.64.

In other news, insider Connie H. Kwong sold 2,093 shares of the stock in a transaction on Friday, February 8th. The stock was sold at an average price of $21.70, for a total transaction of $45,418.10. Following the completion of the transaction, the insider now owns 9,161 shares in the company, valued at approximately $198,793.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Donald E. Schrock sold 34,575 shares of the stock in a transaction on Thursday, February 28th. The stock was sold at an average price of $25.36, for a total value of $876,822.00. Following the transaction, the director now owns 76,278 shares of the company’s stock, valued at approximately $1,934,410.08. The disclosure for this sale can be found here. Insiders have sold a total of 87,818 shares of company stock valued at $2,077,341 in the last quarter. 11.47% of the stock is owned by corporate insiders.

Several hedge funds have recently bought and sold shares of the company. Truvestments Capital LLC bought a new position in shares of MaxLinear during the 1st quarter worth $59,000. Deutsche Bank AG grew its stake in shares of MaxLinear by 41.7% during the 4th quarter. Deutsche Bank AG now owns 369,890 shares of the semiconductor company’s stock worth $6,509,000 after acquiring an additional 108,920 shares during the period. Geode Capital Management LLC grew its stake in shares of MaxLinear by 6.6% during the 4th quarter. Geode Capital Management LLC now owns 660,461 shares of the semiconductor company’s stock worth $11,624,000 after acquiring an additional 41,128 shares during the period. Norges Bank bought a new position in shares of MaxLinear during the 4th quarter worth $23,105,000. Finally, Dimensional Fund Advisors LP grew its stake in shares of MaxLinear by 8.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,892,231 shares of the semiconductor company’s stock worth $33,304,000 after acquiring an additional 145,776 shares during the period. Institutional investors own 98.43% of the company’s stock.

MaxLinear Company Profile

MaxLinear, Inc provides radio-frequency (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. The company offers range of semiconductor products, such as RF receivers and RF receiver SoCs, wireless infrastructure backhaul RF receivers and modem SoCs, laser modulator drivers, transimpedance amplifiers, clock and data recovery circuits, interface solutions, power management products, and data encryption and compression products.

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Earnings History and Estimates for MaxLinear (NYSE:MXL)

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