NYSE:MXLMaxLinear Stock Price, Forecast & News

MaxLinear's stock was trading at $12.20 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, MXL stock has increased by 42.0% and is now trading at $17.32. View which stocks have been most impacted by Coronavirus.

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MaxLinear in the last year. There are currently 3 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for MaxLinear.

MaxLinear is scheduled to release its next quarterly earnings announcement on Thursday, July 23rd 2020. View our earnings forecast for MaxLinear.

MaxLinear, Inc. (NYSE:MXL) released its quarterly earnings data on Wednesday, April, 29th. The semiconductor company reported $0.07 earnings per share (EPS) for the quarter, hitting the Thomson Reuters' consensus estimate of $0.07. The semiconductor company had revenue of $62 million for the quarter, compared to the consensus estimate of $62.12 million. MaxLinear had a negative net margin of 10.36% and a positive return on equity of 6.51%. The firm's quarterly revenue was down 27.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.20 EPS. View MaxLinear's earnings history.

MaxLinear updated its second quarter 2020 After-Hours earnings guidance on Wednesday, April, 29th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $60-64 million, compared to the consensus revenue estimate of $63.19 million.

8 Wall Street analysts have issued 1 year price objectives for MaxLinear's shares. Their forecasts range from $15.00 to $25.00. On average, they expect MaxLinear's stock price to reach $21.25 in the next twelve months. This suggests a possible upside of 22.7% from the stock's current price. View analysts' price targets for MaxLinear.

Media headlines about MXL stock have trended somewhat negative this week, InfoTrie Sentiment Analysis reports. The research group identifies positive and negative press coverage by monitoring 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 news sentiment score of -1.0 on InfoTrie's scale. They also gave news articles about the semiconductor company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the stock's share price in the next several days. View the latest news aboutMaxLinear.

MaxLinear saw a increase in short interest during the month of April. As of April 30th, there was short interest totaling 2,990,000 shares, an increase of 17.3% from the April 15th total of 2,550,000 shares. Based on an average trading volume of 595,000 shares, the days-to-cover ratio is presently 5.0 days. Currently, 4.6% of the shares of the company are short sold. View MaxLinear's Current Options Chain.

Some companies that are related to MaxLinear include Intel (INTC), NVIDIA (NVDA), Broadcom (AVGO), Texas Instruments (TXN), Micron Technology (MU), Analog Devices (ADI), Microchip Technology (MCHP), Xilinx (XLNX), Marvell Technology Group (MRVL), Skyworks Solutions (SWKS), Maxim Integrated Products (MXIM), Monolithic Power Systems (MPWR), Cypress Semiconductor (CY), Inphi (IPHI) and Cree (CREE). View all competitors.

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), NuStar Energy (NS), New Senior Investment Group (SNR), Ford Motor (F), Alibaba Group (BABA), NVIDIA (NVDA), Arlington Asset Investment (AI) and CBL & Associates Properties (CBL).

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

MaxLinear's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (14.50%), Alliancebernstein L.P. (7.19%), Primecap Management Co. CA (6.58%), State Street Corp (3.40%), HighTower Advisors LLC (1.39%) and Geode Capital Management LLC (1.28%). 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. View institutional ownership trends for MaxLinear.

MXL stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Jennison Associates LLC, Morgan Stanley, Cinctive Capital Management LP, UBS Group AG, Wells Fargo & Company MN, Primecap Management Co. CA, and Blair William & Co. IL. 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. View insider buying and selling activity for MaxLinear.

MXL stock was purchased by a variety of institutional investors in the last quarter, including Alliancebernstein L.P., Federated Hermes Inc., Needham Investment Management LLC, Russell Investments Group Ltd., Assenagon Asset Management S.A., Two Sigma Investments LP, State Street Corp, and JPMorgan Chase & Co.. Company insiders that have bought MaxLinear stock in the last two years include Kishore Seendripu, and Steven G Litchfield. 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 $17.32.

MaxLinear has a market capitalization of $1.25 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]