MaxLinear (MXL) to Release Earnings on Wednesday

MaxLinear (NYSE:MXL - Get Free Report) is set to issue its quarterly earnings data after the market closes on Wednesday, April 24th. Analysts expect the company to announce earnings of ($0.20) per share for the quarter. MaxLinear has set its Q1 2024 guidance at EPS.Persons that wish to listen to the company's earnings conference call can do so using this link.

MaxLinear (NYSE:MXL - Get Free Report) last released its earnings results on Wednesday, January 31st. The semiconductor company reported ($0.17) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.17). MaxLinear had a positive return on equity of 4.77% and a negative net margin of 10.55%. The firm had revenue of $125.35 million for the quarter, compared to the consensus estimate of $125.06 million. On average, analysts expect MaxLinear to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

MaxLinear Stock Performance

NYSE:MXL traded down $0.86 during mid-day trading on Wednesday, hitting $20.56. The company's stock had a trading volume of 683,259 shares, compared to its average volume of 752,986. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.20 and a quick ratio of 1.75. The business's fifty day moving average is $19.76 and its two-hundred day moving average is $20.00. MaxLinear has a 1 year low of $13.43 and a 1 year high of $35.09. The stock has a market cap of $1.68 billion, a price-to-earnings ratio of -23.10 and a beta of 1.98.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in MXL. Raymond James & Associates boosted its position in MaxLinear by 41.2% during the first quarter. Raymond James & Associates now owns 17,748 shares of the semiconductor company's stock worth $1,036,000 after purchasing an additional 5,183 shares in the last quarter. American Century Companies Inc. acquired a new position in MaxLinear in the 1st quarter valued at about $864,000. Cambridge Investment Research Advisors Inc. raised its position in shares of MaxLinear by 22.0% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 5,298 shares of the semiconductor company's stock valued at $309,000 after buying an additional 955 shares during the last quarter. Citigroup Inc. raised its holdings in MaxLinear by 4.0% in the 1st quarter. Citigroup Inc. now owns 76,387 shares of the semiconductor company's stock valued at $4,457,000 after acquiring an additional 2,937 shares during the last quarter. Finally, Bank of Montreal Can increased its stake in MaxLinear by 26.8% in the first quarter. Bank of Montreal Can now owns 23,413 shares of the semiconductor company's stock valued at $1,455,000 after purchasing an additional 4,947 shares during the last quarter. 90.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MXL has been the topic of a number of research reports. Northland Securities raised shares of MaxLinear from a "market perform" rating to an "outperform" rating and set a $30.00 price target on the stock in a research note on Thursday, April 4th. StockNews.com raised shares of MaxLinear from a "sell" rating to a "hold" rating in a research note on Thursday, February 29th. Needham & Company LLC dropped their target price on MaxLinear from $28.00 to $25.00 and set a "buy" rating for the company in a research report on Thursday, February 1st. Benchmark upped their price target on MaxLinear from $23.00 to $28.00 and gave the stock a "buy" rating in a report on Monday. Finally, Wells Fargo & Company downgraded shares of MaxLinear from an "overweight" rating to an "equal weight" rating and lowered their target price for the stock from $35.00 to $25.00 in a research note on Wednesday, January 3rd. Eight investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $26.09.

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.