MaxLinear - MXL Stock Forecast, Price & News

MaxLinear, Inc. provides radiofrequency (RF), high-performance analog, and mixed-signal communications systems-on-chip solutions (SoCs) for the connected home, wired and wireless infrastructure, and industrial and multi-market applications worldwide. Its products integrate various portions of a high-speed communication system, including RF, high-performance analog, mixed-signal, digital signal processing, security engines, data compression, networking layers, and power management. The company offers broadband radio transceiver front ends, data converters, embedded systems and software architecture, and architecture and system design for highly integrated end-to-end communication platform solutions. Its products are used in various electronic devices, such as cable data over cable service interface specifications (DOCSIS), fiber and DSL broadband modems and gateways; Wi-Fi and wireline routers for home networking; radio transceivers and modems for 4G/5G base-station and backhaul infrastructure; and fiber-optic modules for data center, metro, and long-haul transport networks, as well as power management and interface products. It serves electronics distributors, module makers, original equipment manufacturers (OEMs), and original design manufacturers (ODMs) through a direct sales force, third-party sales representatives, and a network of distributors. The company was incorporated in 2003 and is headquartered in Carlsbad, California.

MaxLinear Stock Up 3.2 %

Shares of NYSE:MXL traded up $1.27 during trading on Friday, reaching $41.44. The stock had a trading volume of 463,843 shares, compared to its average volume of 689,500. MaxLinear has a one year low of $30.17 and a one year high of $77.89. The company has a market capitalization of $3.25 billion, a P/E ratio of 32.12, a PEG ratio of 0.61 and a beta of 1.99. The company has a current ratio of 1.70, a quick ratio of 1.24 and a debt-to-equity ratio of 0.43. The firm's 50-day simple moving average is $37.03 and its 200 day simple moving average is $46.69.

MaxLinear (NYSE:MXL - Get Rating) last announced its quarterly earnings data on Wednesday, July 27th. The semiconductor company reported $1.11 EPS for the quarter, beating the consensus estimate of $1.02 by $0.09. The firm had revenue of $280.01 million during the quarter, compared to analyst estimates of $279.76 million. MaxLinear had a net margin of 10.08% and a return on equity of 46.90%. MaxLinear's revenue was up 36.3% on a year-over-year basis. During the same period last year, the firm posted $0.35 EPS. As a group, research analysts expect that MaxLinear will post 3.29 EPS for the current fiscal year.

Analyst Ratings Changes

MXL has been the topic of a number of recent research reports. StockNews.com downgraded shares of MaxLinear from a "strong-buy" rating to a "buy" rating in a research note on Thursday. Needham & Company LLC reduced their target price on shares of MaxLinear from $80.00 to $65.00 in a research note on Thursday, April 28th. Susquehanna Bancshares reduced their target price on shares of MaxLinear from $60.00 to $55.00 in a research note on Thursday, July 28th. Northland Securities cut their price target on shares of MaxLinear from $50.00 to $45.00 in a report on Thursday, July 28th. Finally, Wells Fargo & Company cut their price target on shares of MaxLinear from $66.00 to $50.00 and set an "overweight" rating on the stock in a report on Monday, July 11th. Ten research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $63.50.