MaxLinear (MXL) to Release Earnings on Wednesday

MaxLinear (NYSE:MXL – Get Rating) is set to release its earnings data after the market closes on Wednesday, February 1st. Analysts expect MaxLinear to post earnings of $1.06 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

MaxLinear (NYSE:MXL – Get Rating) last announced its quarterly earnings results on Tuesday, October 25th. The semiconductor company reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.01. MaxLinear had a net margin of 11.34% and a return on equity of 47.44%. The firm had revenue of $285.73 million during the quarter, compared to analyst estimates of $285.03 million. On average, analysts expect MaxLinear to post $3 EPS for the current fiscal year and $2 EPS for the next fiscal year.

MaxLinear Stock Performance

Shares of MXL stock opened at $39.02 on Wednesday. The company has a 50 day moving average price of $35.37 and a 200-day moving average price of $35.59. MaxLinear has a 52 week low of $29.27 and a 52 week high of $65.49. The firm has a market capitalization of $3.07 billion, a PE ratio of 25.67, a P/E/G ratio of 0.81 and a beta of 1.85. The company has a quick ratio of 1.13, a current ratio of 1.60 and a debt-to-equity ratio of 0.28.

Insiders Place Their Bets

In other MaxLinear news, VP Michael Bollesen sold 5,757 shares of the company’s stock in a transaction that occurred on Wednesday, December 14th. The shares were sold at an average price of $38.93, for a total value of $224,120.01. Following the completion of the transaction, the vice president now directly owns 81,474 shares in the company, valued at $3,171,782.82. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 8.50% of the company’s stock.

Hedge Funds Weigh In On MaxLinear

A number of hedge funds have recently modified their holdings of the company. Captrust Financial Advisors lifted its holdings in shares of MaxLinear by 2.8% in the second quarter. Captrust Financial Advisors now owns 12,636 shares of the semiconductor company’s stock worth $429,000 after buying an additional 340 shares in the last quarter. Legal & General Group Plc lifted its holdings in shares of MaxLinear by 0.4% in the second quarter. Legal & General Group Plc now owns 209,780 shares of the semiconductor company’s stock worth $7,128,000 after buying an additional 839 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of MaxLinear by 22.0% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 5,298 shares of the semiconductor company’s stock worth $309,000 after buying an additional 955 shares in the last quarter. Royal Bank of Canada lifted its holdings in shares of MaxLinear by 2.6% in the third quarter. Royal Bank of Canada now owns 70,233 shares of the semiconductor company’s stock worth $2,291,000 after buying an additional 1,805 shares in the last quarter. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC lifted its holdings in shares of MaxLinear by 32.1% in the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 7,462 shares of the semiconductor company’s stock worth $435,000 after buying an additional 1,814 shares in the last quarter. 90.26% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on MXL. Needham & Company LLC reduced their price target on shares of MaxLinear from $53.00 to $50.00 and set a “buy” rating for the company in a research note on Wednesday, October 26th. Craig Hallum cut their target price on shares of MaxLinear from $65.00 to $55.00 in a research report on Wednesday, October 26th. StockNews.com assumed coverage on shares of MaxLinear in a research report on Wednesday, October 12th. They set a “buy” rating for the company. Susquehanna cut their target price on shares of MaxLinear from $45.00 to $42.00 in a research report on Wednesday, October 26th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of MaxLinear from $50.00 to $48.00 in a research report on Wednesday, October 26th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $48.13.

MaxLinear Company Profile

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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 RF, high-performance analog, mixed-signal, digital signal processing, security engines, data compression, networking layers, and power management.