$0.21 Earnings Per Share Expected for MaxLinear, Inc. (NYSE:MXL) This Quarter

Analysts expect MaxLinear, Inc. (NYSE:MXL) to announce earnings per share (EPS) of $0.21 for the current quarter, Zacks reports. Six analysts have issued estimates for MaxLinear’s earnings, with the lowest EPS estimate coming in at $0.20 and the highest estimate coming in at $0.21. MaxLinear reported earnings of $0.34 per share during the same quarter last year, which suggests a negative year over year growth rate of 38.2%. The firm is scheduled to announce its next quarterly earnings report on Tuesday, August 6th.

On average, analysts expect that MaxLinear will report full-year earnings of $0.96 per share for the current financial year, with EPS estimates ranging from $0.91 to $1.00. For the next fiscal year, analysts anticipate that the business will post earnings of $1.26 per share, with EPS estimates ranging from $1.15 to $1.38. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for MaxLinear.

MaxLinear (NYSE:MXL) last issued its quarterly earnings results on Wednesday, May 1st. The semiconductor company reported $0.09 EPS for the quarter, hitting the consensus estimate of $0.09. MaxLinear had a negative net margin of 9.17% and a positive return on equity of 8.68%. The business had revenue of $84.64 million for the quarter, compared to analysts’ expectations of $84.44 million. During the same quarter last year, the company posted $0.37 earnings per share. The company’s quarterly revenue was down 23.6% compared to the same quarter last year.

MXL has been the topic of a number of recent research reports. ValuEngine raised shares of MaxLinear from a “hold” rating to a “buy” rating in a report on Thursday, February 28th. Needham & Company LLC cut shares of MaxLinear from a “buy” rating to a “hold” rating in a report on Thursday, May 2nd. They noted that the move was a valuation call. Zacks Investment Research cut shares of MaxLinear from a “hold” rating to a “sell” rating in a report on Wednesday, May 8th. Wells Fargo & Co initiated coverage on shares of MaxLinear in a report on Tuesday, May 14th. They issued a “market perform” rating on the stock. Finally, Roth Capital cut their target price on shares of MaxLinear from $28.00 to $23.00 and set a “neutral” rating on the stock in a report on Tuesday, June 4th. Seven equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. MaxLinear has a consensus rating of “Hold” and a consensus price target of $20.80.

In other MaxLinear news, VP Michael J. Lachance sold 36,470 shares of the firm’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $21.65, for a total value of $789,575.50. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Michael J. Lachance sold 3,495 shares of the firm’s stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $21.90, for a total transaction of $76,540.50. Following the completion of the transaction, the vice president now directly owns 56,475 shares in the company, valued at approximately $1,236,802.50. The disclosure for this sale can be found here. Company insiders own 9.97% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. increased its stake in shares of MaxLinear by 1.0% in the fourth quarter. BlackRock Inc. now owns 9,082,476 shares of the semiconductor company’s stock valued at $159,850,000 after purchasing an additional 90,933 shares during the period. Primecap Management Co. CA increased its stake in shares of MaxLinear by 2.1% in the first quarter. Primecap Management Co. CA now owns 4,901,334 shares of the semiconductor company’s stock valued at $125,131,000 after purchasing an additional 99,190 shares during the period. Macquarie Group Ltd. increased its stake in shares of MaxLinear by 10.8% in 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 period. William Blair Investment Management LLC increased its stake in shares of MaxLinear by 1.3% in the first quarter. William Blair Investment Management LLC now owns 3,111,276 shares of the semiconductor company’s stock valued at $79,431,000 after purchasing an additional 40,270 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of MaxLinear by 8.3% in 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 period. 91.66% of the stock is currently owned by hedge funds and other institutional investors.

Shares of MXL stock traded up $0.35 during trading hours on Wednesday, hitting $22.72. 226,216 shares of the company were exchanged, compared to its average volume of 483,193. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.44 and a quick ratio of 1.86. MaxLinear has a one year low of $14.87 and a one year high of $28.70. The firm has a 50-day moving average price of $22.52. The company has a market cap of $1.59 billion, a PE ratio of 29.13, a price-to-earnings-growth ratio of 3.16 and a beta of 1.29.

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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