MaxLinear (NASDAQ:MXL) Issues Earnings Results

MaxLinear (NASDAQ:MXL) posted its earnings results on Wednesday. The semiconductor company reported ($0.36) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.32) by ($0.04), Briefing.com reports. MaxLinear had a negative net margin of 42.38% and a negative return on equity of 12.39%. The business had revenue of $81.10 million during the quarter, compared to analyst estimates of $80.40 million. During the same period in the previous year, the firm posted ($0.02) earnings per share. The firm’s revenue was down 40.2% on a year-over-year basis. MaxLinear updated its Q4 2024 guidance to EPS.

MaxLinear Price Performance

NASDAQ:MXL opened at $14.85 on Friday. The company has a quick ratio of 1.59, a current ratio of 2.09 and a debt-to-equity ratio of 0.20. The stock’s 50 day moving average price is $13.87 and its two-hundred day moving average price is $17.11. The firm has a market capitalization of $1.25 billion, a price-to-earnings ratio of -6.43 and a beta of 1.83. MaxLinear has a 12-month low of $11.08 and a 12-month high of $26.59.

Insider Buying and Selling at MaxLinear

In related news, CEO Kishore Seendripu purchased 108,303 shares of MaxLinear stock in a transaction that occurred on Tuesday, July 30th. The shares were acquired at an average price of $12.94 per share, with a total value of $1,401,440.82. Following the completion of the transaction, the chief executive officer now directly owns 531,937 shares of the company’s stock, valued at $6,883,264.78. This represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 8.60% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Stifel Nicolaus boosted their target price on MaxLinear from $26.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Benchmark reissued a “buy” rating and issued a $22.00 target price on shares of MaxLinear in a research note on Thursday. Craig Hallum reduced their price objective on MaxLinear from $28.00 to $25.00 and set a “buy” rating for the company in a research report on Thursday. Needham & Company LLC reaffirmed a “hold” rating on shares of MaxLinear in a research report on Thursday. Finally, Northland Securities reduced their price objective on MaxLinear from $30.00 to $25.00 and set an “outperform” rating for the company in a research report on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $23.13.

MaxLinear Company Profile

MaxLinear, Inc provides communications systems-on-chip solutions worldwide. Its products integrate various portions of a high-speed communication system, including radio frequency, high-performance analog, mixed-signal, digital signal processing, security engines, data compression and networking layers, and power management.