MaxLinear, Inc. (MXL) Expected to Announce Earnings of $0.19 Per Share

Wall Street analysts expect MaxLinear, Inc. (NYSE:MXL) to report earnings per share of $0.19 for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for MaxLinear’s earnings. The highest EPS estimate is $0.19 and the lowest is $0.18. MaxLinear posted earnings of $0.37 per share in the same quarter last year, which would suggest a negative year over year growth rate of 48.6%. The business is scheduled to announce its next earnings report on Tuesday, May 14th.

According to Zacks, analysts expect that MaxLinear will report full year earnings of $1.17 per share for the current fiscal year, with EPS estimates ranging from $1.15 to $1.20. For the next fiscal year, analysts anticipate that the company will post earnings of $1.40 per share, with EPS estimates ranging from $1.25 to $1.50. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that cover MaxLinear.

MaxLinear (NYSE:MXL) last released its earnings results on Tuesday, February 5th. The semiconductor company reported $0.20 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.11. MaxLinear had a negative net margin of 6.80% and a positive return on equity of 11.90%. The business had revenue of $87.63 million for the quarter, compared to analysts’ expectations of $87.00 million. During the same period last year, the company earned $0.38 earnings per share. The company’s quarterly revenue was down 22.9% on a year-over-year basis.

Several research firms recently issued reports on MXL. Zacks Investment Research cut shares of MaxLinear from a “hold” rating to a “sell” rating in a research report on Saturday, February 9th. Needham & Company LLC reissued a “buy” rating on shares of MaxLinear in a research report on Wednesday, February 6th. ValuEngine cut shares of MaxLinear from a “buy” rating to a “hold” rating in a research report on Wednesday, January 9th. Finally, JPMorgan Chase & Co. began coverage on shares of MaxLinear in a research report on Friday, January 4th. They set a “neutral” rating and a $18.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $21.83.

In other MaxLinear news, Director Albert J. Moyer sold 34,575 shares of MaxLinear stock in a transaction that occurred on Friday, February 15th. The shares were sold at an average price of $22.79, for a total transaction of $787,964.25. Following the transaction, the director now directly owns 89,283 shares of the company’s stock, valued at $2,034,759.57. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Connie H. Kwong sold 2,093 shares of MaxLinear stock in a transaction that occurred on Friday, February 8th. The shares were sold at an average price of $21.70, for a total transaction of $45,418.10. Following the transaction, the insider now directly owns 9,161 shares in the company, valued at $198,793.70. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 87,818 shares of company stock worth $2,077,341. 11.47% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently bought and sold shares of MXL. Geode Capital Management LLC increased its stake in MaxLinear by 6.6% during the fourth quarter. Geode Capital Management LLC now owns 660,461 shares of the semiconductor company’s stock valued at $11,624,000 after purchasing an additional 41,128 shares during the last quarter. Norges Bank bought a new stake in MaxLinear during the fourth quarter valued at $23,105,000. Dimensional Fund Advisors LP increased its stake in MaxLinear by 8.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,892,231 shares of the semiconductor company’s stock valued at $33,304,000 after purchasing an additional 145,776 shares during the last quarter. Amalgamated Bank bought a new stake in MaxLinear during the fourth quarter valued at $177,000. Finally, Macquarie Group Ltd. increased its stake in MaxLinear by 10.8% during the fourth quarter. Macquarie Group Ltd. now owns 4,816,410 shares of the semiconductor company’s stock valued at $84,769,000 after purchasing an additional 469,445 shares during the last quarter. Institutional investors own 98.43% of the company’s stock.

MXL opened at $25.53 on Wednesday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.97 and a current ratio of 2.56. MaxLinear has a 1 year low of $14.87 and a 1 year high of $26.17. The company has a market capitalization of $1.76 billion, a P/E ratio of 32.73, a P/E/G ratio of 1.64 and a beta of 1.17.

About MaxLinear

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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