NYSE:MXLMaxLinear Stock Price, Forecast & News

MaxLinear's stock was trading at $12.20 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, MXL stock has increased by 111.8% and is now trading at $25.84.
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9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MaxLinear in the last year. There are currently 3 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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MaxLinear is scheduled to release its next quarterly earnings announcement on Thursday, October 22nd 2020.
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MaxLinear, Inc. (NYSE:MXL) released its quarterly earnings results on Thursday, July, 23rd. The semiconductor company reported $0.09 earnings per share for the quarter, topping analysts' consensus estimates of $0.08 by $0.01. The semiconductor company earned $65.22 million during the quarter, compared to the consensus estimate of $65.29 million. MaxLinear had a positive return on equity of 3.13% and a negative net margin of 18.07%.
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MaxLinear updated its third quarter 2020 After-Hours earnings guidance on Thursday, July, 23rd. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $72-76 million, compared to the consensus revenue estimate of $70.54 million.

9 Wall Street analysts have issued 12-month price targets for MaxLinear's stock. Their forecasts range from $20.00 to $37.00. On average, they expect MaxLinear's share price to reach $30.33 in the next twelve months. This suggests a possible upside of 17.4% from the stock's current price.
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News headlines about MXL stock have been trending somewhat negative recently, InfoTrie reports. InfoTrie scores the sentiment of media coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. MaxLinear earned a daily sentiment score of -1.3 on InfoTrie's scale. They also assigned news stories about the semiconductor company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the near term.
View the latest news about MaxLinear.

MaxLinear saw a decline in short interest during the month of July. As of July 31st, there was short interest totaling 3,090,000 shares, a decline of 10.2% from the July 15th total of 3,440,000 shares. Based on an average trading volume of 685,800 shares, the days-to-cover ratio is presently 4.5 days. Currently, 4.7% of the shares of the stock are sold short.
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Some companies that are related to MaxLinear include NVIDIA (NVDA), Intel (INTC), Broadcom (AVGO), Texas Instruments (TXN), Micron Technology (MU), Analog Devices (ADI), Microchip Technology (MCHP), Xilinx (XLNX), Skyworks Solutions (SWKS), Marvell Technology Group (MRVL), Maxim Integrated Products (MXIM), Monolithic Power Systems (MPWR), Cree (CREE), First Solar (FSLR) and Inphi (IPHI).
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Based on aggregate information from My MarketBeat watchlists, some companies that other MaxLinear investors own include Energy Transfer LP Unit (ET), Lamb Weston (LW), RADCOM (RDCM), Ford Motor (F), Alibaba Group (BABA), NuStar Energy (NS), NVIDIA (NVDA), QUALCOMM (QCOM), New Senior Investment Group (SNR) and AbbVie (ABBV).

MaxLinear trades on the New York Stock Exchange (NYSE) under the ticker symbol "MXL."

MaxLinear's stock is owned by many different retail and institutional investors. Top institutional investors include Vanguard Group Inc. (9.79%), Macquarie Group Ltd. (3.84%), Jennison Associates LLC (1.34%), HighTower Advisors LLC (1.27%), FMR LLC (1.22%) and Bank of New York Mellon Corp (1.01%). Company insiders that own MaxLinear stock include Albert J Moyer, Brendan Walsh, Connie H Kwong, Donald E Schrock, Kishore Seendripu, Madhukar Reddy, Michael J Lachance, Steven G Litchfield, Thomas E Pardun and William Torgerson.
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MXL stock was sold by a variety of institutional investors in the last quarter, including Federated Hermes Inc., Goldman Sachs Group Inc., Russell Investments Group Ltd., Bank of America Corp DE, Macquarie Group Ltd., HighTower Advisors LLC, Prudential Financial Inc., and SG Americas Securities LLC. Company insiders that have sold MaxLinear company stock in the last year include Brendan Walsh, Connie H Kwong, Kishore Seendripu, Madhukar Reddy, Michael J Lachance, and William Torgerson.
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MXL stock was bought by a variety of institutional investors in the last quarter, including Bank of Montreal Can, Portolan Capital Management LLC, Marshall Wace North America L.P., Moody Aldrich Partners LLC, Verition Fund Management LLC, Vanguard Group Inc., Worth Venture Partners LLC, and Jennison Associates LLC.
View insider buying and selling activity for MaxLinear.

Shares of MXL can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of MXL stock can currently be purchased for approximately $25.84.

MaxLinear has a market capitalization of $1.89 billion and generates $317.18 million in revenue each year. The semiconductor company earns $-19,900,000.00 in net income (profit) each year or $0.42 on an earnings per share basis. MaxLinear employs 739 workers across the globe.

The official website for MaxLinear is www.maxlinear.com.

MaxLinear's mailing address is 5966 LA PLACE COURT SUITE 100, CARLSBAD CA, 92008. The semiconductor company can be reached via phone at 760-692-0711 or via email at [email protected]