MaxLinear - MXL Stock Forecast, Price & News

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MaxLinear in the last twelve months. There are currently 1 sell rating and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" MXL shares.
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6 brokerages have issued 12-month target prices for MaxLinear's shares. Their MXL share price forecasts range from $30.00 to $55.00. On average, they predict the company's share price to reach $46.22 in the next year. This suggests a possible upside of 38.8% from the stock's current price.
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MaxLinear's stock was trading at $33.95 at the beginning of the year. Since then, MXL shares have decreased by 1.9% and is now trading at $33.30.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 26th 2023.
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MaxLinear, Inc. (NYSE:MXL) posted its quarterly earnings results on Wednesday, October, 27th. The semiconductor company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.08. The semiconductor company earned $229.77 million during the quarter, compared to analyst estimates of $224.76 million. MaxLinear had a net margin of 11.16% and a trailing twelve-month return on equity of 46.03%. The firm's quarterly revenue was up 46.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.14 EPS.

ETFs with the largest weight of MaxLinear (NYSE:MXL) stock in their portfolio include SPDR S&P Semiconductor ETF (XSD), Invesco S&P SmallCap Information Technology ETF (PSCT), Pacer US Small Cap Cash Cows 100 ETF (CALF), Invesco S&P SmallCap Quality ETF (XSHQ), Columbia Seligman Semiconductor and Technology ETF (SEMI), SPDR FactSet Innovative Technology ETF (XITK), iShares Robotics and Artificial Intelligence Multisector ETF (IRBO) and SPDR S&P 600 Small Cap Growth ETF (SLYG).

MaxLinear issued an update on its first quarter 2023 earnings guidance on Wednesday, February, 1st. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $240.00 million-$260.00 million, compared to the consensus revenue estimate of $279.70 million.

56 employees have rated MaxLinear Chief Executive Officer Dr. Kishore Seendripu on Glassdoor.com. Dr. Kishore Seendripu has an approval rating of 90% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other MaxLinear investors own include Energy Transfer (ET), Lamb Weston (LW), Ford Motor (F), Advanced Micro Devices (AMD), RADCOM (RDCM), Alibaba Group (BABA), Intel (INTC), Lumentum (LITE), Micron Technology (MU) and NuStar Energy (NS).

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 Millennium Management LLC (3.76%), Macquarie Group Ltd. (2.94%), Dimensional Fund Advisors LP (1.94%), Paradigm Capital Management Inc. NY (1.75%), Geode Capital Management LLC (1.70%) and T. Rowe Price Investment Management Inc. (1.38%). Insiders that own company stock include Brendan Walsh, Connie H Kwong, Connie H Kwong, Curtis Ling, Daniel A Artusi, Donald E Schrock, Eugene A Hall, James Lougheed, Kishore Seendripu, Madhukar Reddy, Michael Bollesen, Steven G Litchfield, Steven G Litchfield, William Kelly Jones and William Torgerson.
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Shares of MXL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of MXL stock can currently be purchased for approximately $33.30.

MaxLinear (NYSE:MXL) has a market capitalization of $2.62 billion and generates $1.12 billion in revenue each year. The semiconductor company earns $125.04 million in net income (profit) each year or $1.55 on an earnings per share basis.

The company employs 1,368 workers across the globe.

MaxLinear's mailing address is 5966 LA PLACE COURT SUITE 100, CARLSBAD CA, 92008. The official website for the company is www.maxlinear.com. The semiconductor company can be reached via phone at (760) 692-0711, via email at slitchfield@maxlinear.com, or via fax at 760-444-8598.