Northland Securities Boosts Earnings Estimates for MaxLinear

Key Points

• Northland Securities raised its FY2026 EPS estimate for MaxLinear to $1.11 from $0.76, well above the $0.78 consensus forecast; it also projected $0.57 EPS for Q4 2026 and $3.12 for FY2027.
• MaxLinear exceeded quarterly expectations, reporting $0.62 EPS versus the $0.56 estimate and $218.06 million in revenue. Revenue increased 72.4% year over year, although the company posted a negative net margin.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and a $94.30 price target. Institutional investors own 90.79% of the stock, while shares recently opened at $75.14.

MaxLinear, Inc (NASDAQ:MXL - Free Report) - Analysts at Northland Securities increased their FY2026 earnings estimates for MaxLinear in a report issued on Friday, October 23rd. Northland Securities analyst T. Savageaux now expects that the semiconductor company will post earnings of $1.11 per share for the year, up from their previous forecast of $0.76. The consensus estimate for MaxLinear's current full-year earnings is $0.78 per share. Northland Securities also issued estimates for MaxLinear's Q4 2026 earnings at $0.57 EPS and FY2027 earnings at $3.12 EPS.

MaxLinear (NASDAQ:MXL - Get Free Report) last issued its quarterly earnings results on Thursday, October 22nd. The semiconductor company reported $0.62 EPS for the quarter, beating analysts' consensus estimates of $0.56 by $0.06. MaxLinear had a negative net margin of 4.45% and a positive return on equity of 12.89%. The business had revenue of $218.06 million for the quarter, compared to analysts' expectations of $214.95 million. During the same quarter in the prior year, the firm posted $0.14 earnings per share. The business's quarterly revenue was up 72.4% compared to the same quarter last year.

Several other equities research analysts have also commented on the company. Wall Street Zen upgraded MaxLinear from a "hold" rating to a "buy" rating in a research report on Sunday, July 26th. Needham & Company LLC lifted their target price on MaxLinear from $60.00 to $100.00 and gave the stock a "buy" rating in a report on Friday, July 24th. Susquehanna set a $70.00 price target on MaxLinear in a research note on Friday, October 23rd. Roth Capital boosted their price target on MaxLinear from $60.00 to $100.00 and gave the company a "buy" rating in a research note on Friday, July 24th. Finally, Wells Fargo & Company cut their price target on MaxLinear from $95.00 to $78.00 and set an "equal weight" rating on the stock in a report on Tuesday, October 20th. Five investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, MaxLinear currently has a consensus rating of "Hold" and a consensus price target of $94.30.

MaxLinear Stock Up 0.6%

Shares of NASDAQ:MXL opened at $75.14 on Thursday. The company has a market capitalization of $6.81 billion, a price-to-earnings ratio of -203.08 and a beta of 3.93. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.22 and a quick ratio of 1.57. The business's 50-day moving average is $77.04 and its 200-day moving average is $58.85. MaxLinear has a 1 year low of $12.77 and a 1 year high of $128.30.

Institutional Investors Weigh In On MaxLinear

Several hedge funds and other institutional investors have recently modified their holdings of the company. AIGH Capital Management LLC bought a new position in MaxLinear in the 2nd quarter valued at about $104,729,000. Assenagon Asset Management S.A. boosted its stake in MaxLinear by 110.9% during the 2nd quarter. Assenagon Asset Management S.A. now owns 221,266 shares of the semiconductor company's stock valued at $28,329,000 after purchasing an additional 116,339 shares during the last quarter. Bank of America Corp DE acquired a new position in MaxLinear during the 2nd quarter valued at about $33,963,000. UNICOM Systems Inc. acquired a new position in MaxLinear during the 2nd quarter valued at about $14,711,000. Finally, BlackRock Inc. bought a new stake in MaxLinear during the 2nd quarter worth approximately $1,754,062,000. Institutional investors own 90.79% of the company's stock.

Insider Transactions at MaxLinear

In other MaxLinear news, CEO Kishore Seendripu sold 351,454 shares of the firm's stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $85.95, for a total value of $30,207,471.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 7.70% of the company's stock.

MaxLinear Company Profile

MaxLinear, Inc is a fabless semiconductor company that designs, develops and sells integrated circuits and related solutions for broadband communications, wired and wireless infrastructure, data centers, industrial applications and consumer electronics. Its products are used by equipment manufacturers and service providers to support the transmission, processing and management of voice, video and data.

The company's portfolio includes broadband access system-on-chip products, Ethernet transceivers and controllers, high-speed interconnect and communications devices, radio-frequency and analog products, optical and copper connectivity solutions, and power-management components.

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