MaxLinear (NYSE:MXL) Issues Q2 2021 Earnings Guidance

MaxLinear (NYSE:MXL) updated its second quarter 2021 earnings guidance on Tuesday. The company provided EPS guidance of $- for the period. The company issued revenue guidance of $200 million-210 million, compared to the consensus revenue estimate of $204.78 million.

A number of research analysts recently commented on the company. Zacks Investment Research upgraded MaxLinear from a hold rating to a buy rating and set a $43.00 price target on the stock in a research report on Friday, April 30th. Needham & Company LLC lifted their target price on MaxLinear from $45.00 to $50.00 and gave the company a buy rating in a research report on Thursday, April 29th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. MaxLinear has a consensus rating of Buy and a consensus price target of $41.33.

MaxLinear stock traded up $1.32 during midday trading on Friday, reaching $39.82. The company’s stock had a trading volume of 12,964 shares, compared to its average volume of 631,714. The firm has a market cap of $3.00 billion, a PE ratio of -36.82, a PEG ratio of 1.36 and a beta of 1.98. The company has a current ratio of 1.75, a quick ratio of 1.28 and a debt-to-equity ratio of 0.82. The firm’s 50-day moving average is $36.36. MaxLinear has a 52 week low of $18.39 and a 52 week high of $44.05.

MaxLinear (NYSE:MXL) last released its quarterly earnings results on Wednesday, April 28th. The semiconductor company reported $0.55 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.05. The company had revenue of $209.36 million for the quarter, compared to analysts’ expectations of $204.60 million. MaxLinear had a positive return on equity of 10.95% and a negative net margin of 12.67%. The business’s quarterly revenue was up 237.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.07 earnings per share. Research analysts anticipate that MaxLinear will post 1.38 EPS for the current fiscal year.

In other news, insider James Lougheed sold 4,976 shares of the business’s stock in a transaction dated Wednesday, May 5th. The stock was sold at an average price of $36.00, for a total transaction of $179,136.00. Following the sale, the insider now directly owns 84,535 shares in the company, valued at $3,043,260. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Kishore Seendripu sold 8,909 shares of the business’s stock in a transaction dated Tuesday, April 6th. The stock was sold at an average price of $35.80, for a total value of $318,942.20. Following the sale, the chief executive officer now owns 179,704 shares in the company, valued at $6,433,403.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 163,765 shares of company stock worth $5,972,210. Company insiders own 8.82% of the company’s stock.

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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