MaxLinear, Inc. (MXL) Expected to Post Quarterly Sales of $114.26 Million

Brokerages expect MaxLinear, Inc. (NYSE:MXL) to report sales of $114.26 million for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for MaxLinear’s earnings, with estimates ranging from $114.00 million to $115.00 million. MaxLinear posted sales of $87.14 million during the same quarter last year, which would indicate a positive year over year growth rate of 31.1%. The firm is scheduled to issue its next quarterly earnings report on Wednesday, February 14th.

According to Zacks, analysts expect that MaxLinear will report full year sales of $114.26 million for the current year, with estimates ranging from $420.60 million to $426.25 million. For the next year, analysts expect that the business will report sales of $512.82 million per share, with estimates ranging from $508.30 million to $516.10 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover MaxLinear.

MaxLinear (NYSE:MXL) last posted its earnings results on Tuesday, November 7th. The semiconductor company reported $0.39 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.06. The business had revenue of $113.58 million for the quarter, compared to analysts’ expectations of $115.77 million. MaxLinear had a net margin of 4.73% and a return on equity of 20.96%. The business’s revenue for the quarter was up 17.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.43 EPS.

A number of brokerages have issued reports on MXL. Zacks Investment Research lowered shares of MaxLinear from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 10th. Roth Capital reaffirmed a “buy” rating and set a $33.00 target price on shares of MaxLinear in a research note on Friday, December 29th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $32.00 target price on shares of MaxLinear in a research note on Wednesday, November 8th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company. MaxLinear currently has an average rating of “Buy” and an average target price of $31.60.

In other news, VP Brendan Walsh sold 25,018 shares of the business’s stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $28.00, for a total transaction of $700,504.00. Following the completion of the transaction, the vice president now directly owns 155,441 shares of the company’s stock, valued at $4,352,348. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Daniel Omeniuk sold 2,000,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 18th. The shares were sold at an average price of $0.16, for a total transaction of $320,000.00. Over the last three months, insiders have sold 2,785,018 shares of company stock valued at $1,134,504. 11.92% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. D.A. Davidson & CO. boosted its position in shares of MaxLinear by 0.9% in the second quarter. D.A. Davidson & CO. now owns 5,298 shares of the semiconductor company’s stock worth $147,000 after purchasing an additional 45 shares during the period. Ameritas Investment Partners Inc. grew its holdings in MaxLinear by 9.5% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 5,283 shares of the semiconductor company’s stock worth $147,000 after acquiring an additional 460 shares in the last quarter. LS Investment Advisors LLC grew its holdings in MaxLinear by 59.4% during the 3rd quarter. LS Investment Advisors LLC now owns 7,638 shares of the semiconductor company’s stock worth $181,000 after acquiring an additional 2,846 shares in the last quarter. Pinebridge Investments L.P. bought a new position in MaxLinear during the 2nd quarter worth about $192,000. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of MaxLinear in the 3rd quarter valued at about $205,000. Institutional investors own 88.59% of the company’s stock.

Shares of MaxLinear (NYSE MXL) traded down $0.90 during trading hours on Tuesday, reaching $25.88. 550,223 shares of the company were exchanged, compared to its average volume of 485,056. The stock has a market cap of $1,760.00, a PE ratio of 99.54 and a beta of 0.47. MaxLinear has a one year low of $20.38 and a one year high of $32.47. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.58 and a current ratio of 2.23.

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About MaxLinear

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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