Zacks: Analysts Expect MaxLinear, Inc. (NYSE:MXL) Will Announce Quarterly Sales of $205.11 Million

Analysts expect that MaxLinear, Inc. (NYSE:MXL) will report $205.11 million in sales for the current quarter, according to Zacks Investment Research. Six analysts have issued estimates for MaxLinear’s earnings. The lowest sales estimate is $205.00 million and the highest is $205.66 million. MaxLinear posted sales of $65.22 million during the same quarter last year, which would indicate a positive year over year growth rate of 214.5%. The firm is scheduled to issue its next earnings results on Thursday, July 22nd.

On average, analysts expect that MaxLinear will report full-year sales of $828.93 million for the current fiscal year, with estimates ranging from $820.00 million to $834.40 million. For the next fiscal year, analysts expect that the firm will post sales of $884.05 million, with estimates ranging from $865.00 million to $912.80 million. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for MaxLinear.

MaxLinear (NYSE:MXL) last announced its earnings results on Wednesday, April 28th. The semiconductor company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.05. MaxLinear had a positive return on equity of 3.25% and a negative net margin of 23.18%. The firm had revenue of $209.36 million during the quarter, compared to analysts’ expectations of $204.60 million. During the same period in the prior year, the firm earned $0.07 EPS. The business’s revenue was up 237.5% on a year-over-year basis.

Several research firms recently weighed in on MXL. Loop Capital raised MaxLinear from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a research note on Monday, February 8th. Needham & Company LLC raised their price target on MaxLinear from $45.00 to $50.00 and gave the stock a “buy” rating in a research report on Wednesday, May 5th. Finally, Zacks Investment Research upgraded MaxLinear from a “hold” rating to a “buy” rating and set a $43.00 price objective on the stock in a report on Friday, April 30th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $41.33.

In other MaxLinear news, CEO Kishore Seendripu sold 9,562 shares of the company’s stock in a transaction on Thursday, May 13th. The stock was sold at an average price of $32.89, for a total value of $314,494.18. Following the transaction, the chief executive officer now owns 179,704 shares of the company’s stock, valued at $5,910,464.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Curtis Ling sold 8,285 shares of the company’s stock in a transaction on Friday, February 19th. The shares were sold at an average price of $37.41, for a total value of $309,941.85. Following the completion of the transaction, the insider now directly owns 979,704 shares in the company, valued at approximately $36,650,726.64. The disclosure for this sale can be found here. Insiders sold 140,341 shares of company stock valued at $5,184,961 over the last 90 days. 9.97% of the stock is currently owned by insiders.

A number of large investors have recently made changes to their positions in MXL. Retirement Group LLC acquired a new stake in MaxLinear during the 4th quarter valued at $28,000. Lazard Asset Management LLC bought a new stake in MaxLinear in the fourth quarter worth $32,000. Baillie Gifford & Co. bought a new stake in MaxLinear in the fourth quarter worth $33,000. Truvestments Capital LLC bought a new stake in MaxLinear in the fourth quarter worth $33,000. Finally, NEXT Financial Group Inc bought a new stake in MaxLinear during the first quarter valued at about $35,000. 82.07% of the stock is currently owned by institutional investors.

MaxLinear stock traded down $0.12 during mid-day trading on Wednesday, reaching $33.81. 311,659 shares of the company were exchanged, compared to its average volume of 686,023. MaxLinear has a twelve month low of $16.02 and a twelve month high of $44.05. The firm has a market cap of $2.55 billion, a PE ratio of -30.19, a price-to-earnings-growth ratio of 2.09 and a beta of 1.94. The firm’s 50-day simple moving average is $35.92 and its two-hundred day simple moving average is $34.36. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.16 and a current ratio of 1.66.

MaxLinear Company Profile

MaxLinear, Inc provides radiofrequency (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. Its products integrate various portions of a high-speed communication system, including radiofrequency (RF), high-performance analog, mixed-signal, digital signal processing, security engines, data compression, networking layers, and power management.

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Earnings History and Estimates for MaxLinear (NYSE:MXL)

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