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 (WHO). Since then, MXL stock has increased by 58.5% and is now trading at $19.34. 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) announced its quarterly earnings results on Wednesday, April, 29th. The semiconductor company reported $0.07 EPS for the quarter, meeting the Thomson Reuters' consensus estimate of $0.07. The semiconductor company earned $62 million during the quarter, compared to analysts' expectations of $62.12 million. MaxLinear had a negative net margin of 10.36% and a positive return on equity of 6.51%. MaxLinear's revenue was down 27.1% compared to the same quarter last year. During the same period last year, the firm posted $0.20 earnings per share. View MaxLinear's earnings history.

MaxLinear issued an update on its second quarter 2020 After-Hours earnings guidance on Wednesday, April, 29th. The company provided earnings per share 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 brokers have issued 1 year target prices for MaxLinear's stock. Their forecasts range from $15.00 to $25.00. On average, they anticipate MaxLinear's stock price to reach $21.25 in the next twelve months. This suggests a possible upside of 9.9% from the stock's current price. View analysts' price targets for MaxLinear.

Media coverage about MXL stock has been trending very negative this week, according to InfoTrie Sentiment Analysis. InfoTrie identifies positive and negative news coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. MaxLinear earned a daily sentiment score of -3.0 on InfoTrie's scale. They also gave press coverage about the semiconductor company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the stock's share price in the near future. View the latest news aboutMaxLinear.

MaxLinear saw a increase in short interest in 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 currently 5.0 days. Currently, 4.6% of the company's stock 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), 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 many different institutional and retail investors. Top institutional investors 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 acquired 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 $19.34.

MaxLinear has a market capitalization of $1.40 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]