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 101.7% and is now trading at $24.61. 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) issued its earnings results on Wednesday, April, 29th. The semiconductor company reported $0.07 EPS for the quarter, meeting the Zacks' 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 business's quarterly revenue was down 27.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.20 EPS. View MaxLinear's earnings history.

MaxLinear issued an update on its second quarter 2020 Pre-Market earnings guidance on Tuesday, July, 7th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $65-65.5 million, compared to the consensus revenue estimate of $61.85 million.

8 Wall Street analysts have issued 12-month price targets for MaxLinear's shares. Their forecasts range from $20.00 to $35.00. On average, they expect MaxLinear's stock price to reach $26.63 in the next year. This suggests a possible upside of 8.2% from the stock's current price. View analysts' price targets for MaxLinear.

News headlines about MXL stock have trended negative recently, InfoTrie Sentiment reports. The research group identifies positive and negative press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. MaxLinear earned a coverage optimism score of -2.1 on InfoTrie's scale. They also assigned news headlines about the semiconductor company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the company's share price in the near future. View the latest news about MaxLinear.

MaxLinear saw a increase in short interest in June. As of June 30th, there was short interest totaling 3,350,000 shares, an increase of 9.1% from the June 15th total of 3,070,000 shares. Based on an average daily volume of 643,100 shares, the days-to-cover ratio is currently 5.2 days. Currently, 5.1% of the shares of the company are sold short. 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), Cree (CREE), Inphi (IPHI) and First Solar (FSLR). 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 institutional and retail investors. Top institutional investors include Nelson Van Denburg & Campbell Wealth Management Group LLC (0.01%). 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. View institutional ownership trends for MaxLinear.

MXL stock was acquired by a variety of institutional investors in the last quarter, including Nelson Van Denburg & Campbell Wealth Management Group LLC. 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 $24.61.

MaxLinear has a market capitalization of $1.78 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]