MaxLinear (MXL) Receives Daily Media Sentiment Score of 0.29
Media stories about MaxLinear (NYSE:MXL) have trended positive this week, according to Accern Sentiment. Accern identifies negative and positive media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. MaxLinear earned a daily sentiment score of 0.29 on Accern’s scale. Accern also gave news articles about the semiconductor company an impact score of 46.35550505575 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
MaxLinear (NYSE MXL) traded up $0.53 during midday trading on Wednesday, hitting $27.25. The stock had a trading volume of 432,300 shares, compared to its average volume of 781,364. The company has a quick ratio of 1.58, a current ratio of 2.23 and a debt-to-equity ratio of 0.93. The company has a market cap of $1,789.12, a P/E ratio of 23.03, a P/E/G ratio of 1.28 and a beta of 0.47. MaxLinear has a 52-week low of $19.22 and a 52-week high of $32.47.
MaxLinear (NYSE:MXL) last posted its earnings results on Tuesday, November 7th. The semiconductor company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.06. The firm had revenue of $113.58 million during the quarter, compared to the consensus estimate of $115.77 million. MaxLinear had a return on equity of 20.96% and a net margin of 4.73%. The company’s quarterly revenue was up 17.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.43 EPS. equities analysts expect that MaxLinear will post 1.05 EPS for the current fiscal year.
Several equities research analysts have recently commented on the stock. Zacks Investment Research raised shares of MaxLinear from a “hold” rating to a “strong-buy” rating and set a $30.00 price target for the company in a research report on Tuesday, November 14th. Needham & Company LLC reaffirmed a “buy” rating and set a $32.00 price target on shares of MaxLinear in a research report on Wednesday, November 8th. BidaskClub lowered shares of MaxLinear from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 24th. TheStreet lowered shares of MaxLinear from a “b” rating to a “c+” rating in a research report on Thursday, August 10th. Finally, Deutsche Bank AG reduced their price target on shares of MaxLinear from $32.00 to $30.00 and set a “buy” rating for the company in a research report on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $30.36.
In other news, insider Daniel Omeniuk bought 250,000 shares of the stock in a transaction dated Monday, September 25th. The stock was purchased at an average cost of $0.19 per share, for a total transaction of $47,500.00. 11.92% of the stock is currently owned by corporate insiders.
MaxLinear, Inc is a provider of radio frequency (RF) and mixed-signal integrated circuits for cable and satellite broadband communications and the connected home, and wired and wireless infrastructure markets. The Company’s RF receiver products capture and process digital and analog broadband signals to be decoded for various applications.
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