News coverage about MaxLinear (NYSE:MXL) has been trending somewhat positive this week, Accern Sentiment reports. The research group rates the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. MaxLinear earned a media sentiment score of 0.05 on Accern’s scale. Accern also assigned headlines about the semiconductor company an impact score of 47.3626189327956 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the news headlines that may have effected Accern Sentiment’s analysis:
- 25.6% Return Seen to Date on SmarTrend Maxlinear Call (MXL) (mysmartrend.com)
- BrainChip Appoints Ryan A. Benton as Chief Financial Officer (finance.yahoo.com)
- Analyzing NVIDIA Corporation (NVDA) & MaxLinear (MXL) (americanbankingnews.com)
- MaxLinear, Inc (NYSE:MXL) Rating Lowered to C+ at TheStreet (americanbankingnews.com)
MaxLinear (NYSE:MXL) opened at 21.29 on Friday. The stock has a market capitalization of $1.42 billion, a PE ratio of 38.50 and a beta of 0.61. MaxLinear has a 12-month low of $17.61 and a 12-month high of $32.47. The stock’s 50 day moving average is $25.67 and its 200 day moving average is $27.46.
MaxLinear (NYSE:MXL) last posted its earnings results on Tuesday, August 8th. The semiconductor company reported $0.27 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.04. MaxLinear had a net margin of 9.95% and a return on equity of 22.29%. The firm had revenue of $104.18 million for the quarter, compared to analyst estimates of $107.77 million. During the same period in the previous year, the firm posted $0.50 EPS. The company’s revenue for the quarter was up 2.4% compared to the same quarter last year. Analysts forecast that MaxLinear will post $1.39 EPS for the current year.
A number of equities analysts have commented on the company. Stifel Nicolaus lifted their target price on MaxLinear from $32.00 to $34.00 and gave the company a “buy” rating in a research note on Tuesday, July 4th. Deutsche Bank AG decreased their target price on MaxLinear from $33.00 to $32.00 and set a “buy” rating for the company in a research note on Friday, July 21st. Zacks Investment Research downgraded MaxLinear from a “buy” rating to a “hold” rating in a research note on Tuesday, May 16th. Needham & Company LLC boosted their price objective on MaxLinear from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Friday, June 9th. Finally, BidaskClub cut MaxLinear from a “buy” rating to a “hold” rating in a report on Friday, June 30th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company. MaxLinear has an average rating of “Buy” and a consensus price target of $31.36.
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In other news, Director Steven Craddock sold 20,000 shares of the company’s stock in a transaction on Friday, May 26th. The shares were sold at an average price of $30.86, for a total value of $617,200.00. Following the sale, the director now directly owns 73,752 shares of the company’s stock, valued at approximately $2,275,986.72. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Madhukar Reddy sold 60,000 shares of the business’s stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $31.68, for a total transaction of $1,900,800.00. Following the transaction, the vice president now owns 245,819 shares in the company, valued at approximately $7,787,545.92. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 176,495 shares of company stock worth $5,547,833. Insiders own 11.92% of the company’s stock.
MaxLinear Company Profile
MaxLinear, Inc is a provider of radio frequency (RF) and mixed-signal integrated circuits for cable and satellite broadband communications and the connected home, and wired and wireless infrastructure markets. The Company’s RF receiver products capture and process digital and analog broadband signals to be decoded for various applications.
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