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.
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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