$0.62 Earnings Per Share Expected for MaxLinear, Inc. (NYSE:MXL) This Quarter

Equities research analysts expect MaxLinear, Inc. (NYSE:MXL) to report earnings of $0.62 per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for MaxLinear’s earnings, with the highest EPS estimate coming in at $0.63 and the lowest estimate coming in at $0.62. MaxLinear posted earnings of $0.32 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 93.8%. The firm is expected to issue its next quarterly earnings results on Thursday, November 4th.

According to Zacks, analysts expect that MaxLinear will report full year earnings of $2.37 per share for the current fiscal year, with EPS estimates ranging from $2.34 to $2.41. For the next year, analysts forecast that the company will post earnings of $2.76 per share, with EPS estimates ranging from $2.55 to $2.96. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for MaxLinear.

MaxLinear (NYSE:MXL) last issued its earnings results on Wednesday, July 28th. The semiconductor company reported $0.53 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.20. MaxLinear had a positive return on equity of 18.89% and a negative net margin of 7.41%. The business had revenue of $205.38 million for the quarter, compared to analysts’ expectations of $205.13 million.

MXL has been the subject of several recent analyst reports. Craig Hallum raised their price objective on shares of MaxLinear from $60.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday. Zacks Investment Research upgraded shares of MaxLinear from a “hold” rating to a “strong-buy” rating and set a $56.00 price objective for the company in a research report on Wednesday, August 4th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of MaxLinear from $40.00 to $45.00 and gave the stock a “hold” rating in a research report on Thursday, July 29th. Wells Fargo & Company raised their price objective on shares of MaxLinear from $35.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 29th. Finally, Loop Capital raised their price objective on shares of MaxLinear from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Monday, August 30th. Four investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $55.10.

Shares of NYSE MXL traded up $0.13 during trading on Wednesday, hitting $52.63. 4,925 shares of the company were exchanged, compared to its average volume of 566,951. The company has a fifty day moving average price of $49.78 and a 200-day moving average price of $41.83. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.32 and a current ratio of 1.79. The firm has a market capitalization of $4.02 billion, a PE ratio of -68.18, a P/E/G ratio of 1.55 and a beta of 1.94. MaxLinear has a 12-month low of $21.85 and a 12-month high of $55.00.

In other news, VP Brendan Walsh sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, August 30th. The shares were sold at an average price of $52.55, for a total value of $525,500.00. Following the completion of the transaction, the vice president now owns 156,932 shares of the company’s stock, valued at $8,246,776.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Curtis Ling sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, August 2nd. The shares were sold at an average price of $49.49, for a total transaction of $1,484,700.00. Following the completion of the transaction, the insider now directly owns 985,009 shares of the company’s stock, valued at approximately $48,748,095.41. The disclosure for this sale can be found here. Over the last quarter, insiders have acquired 6,904 shares of company stock valued at $374,709 and have sold 189,636 shares valued at $9,392,867. 8.82% of the stock is owned by company insiders.

A number of institutional investors have recently modified their holdings of MXL. Victory Capital Management Inc. lifted its stake in MaxLinear by 4.3% in the first quarter. Victory Capital Management Inc. now owns 9,202 shares of the semiconductor company’s stock worth $314,000 after acquiring an additional 380 shares during the last quarter. Envestnet Asset Management Inc. purchased a new stake in shares of MaxLinear during the 1st quarter worth approximately $219,000. Rhumbline Advisers lifted its position in shares of MaxLinear by 2.0% during the 1st quarter. Rhumbline Advisers now owns 202,570 shares of the semiconductor company’s stock worth $6,904,000 after buying an additional 3,890 shares during the last quarter. Arizona State Retirement System lifted its position in shares of MaxLinear by 1.8% during the 1st quarter. Arizona State Retirement System now owns 20,511 shares of the semiconductor company’s stock worth $699,000 after buying an additional 367 shares during the last quarter. Finally, The PNC Financial Services Group Inc. lifted its position in shares of MaxLinear by 23.4% during the 1st quarter. The PNC Financial Services Group Inc. now owns 5,244 shares of the semiconductor company’s stock worth $179,000 after buying an additional 994 shares during the last quarter. Institutional investors own 82.70% of the company’s stock.

About MaxLinear

MaxLinear, Inc engages in the provision of radio frequency, high-performance analog and mixed-signal communications systems-on-chip solutions for the connected home, wired and wireless infrastructure, and industrial and multi-market applications. Its products include cable broadband modems and gateways, wireline connectivity devices, radio frequency transceivers, fiber-optic modules, video set-top boxes and gateways, hybrid analog and digital televisions, direct broadcast satellite outdoor and indoor units, and power management and interface products.

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