Zacks: Brokerages Anticipate MaxLinear, Inc. (MXL) to Announce $0.24 Earnings Per Share

Brokerages predict that MaxLinear, Inc. (NYSE:MXL) will announce $0.24 earnings per share for the current quarter, according to Zacks. Three analysts have issued estimates for MaxLinear’s earnings, with estimates ranging from $0.22 to $0.25. MaxLinear reported earnings of $0.41 per share during the same quarter last year, which would indicate a negative year over year growth rate of 41.5%. The company is expected to issue its next earnings results after the market closes on Tuesday, May 9th.

According to Zacks, analysts expect that MaxLinear will report full year earnings of $1.10 per share for the current fiscal year, with EPS estimates ranging from $1.06 to $1.13. For the next year, analysts expect that the firm will post earnings of $1.28 per share, with EPS estimates ranging from $1.14 to $1.39. Zacks’ EPS calculations are an average based on a survey of analysts that cover MaxLinear.

MaxLinear (NYSE:MXL) last released its quarterly earnings results on Wednesday, February 8th. The semiconductor company reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.03. The business earned $87.14 million during the quarter, compared to analysts’ expectations of $85.90 million. MaxLinear had a return on equity of 30.61% and a net margin of 15.40%. The company’s revenue was down 11.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.46 EPS.

Several equities analysts recently issued reports on MXL shares. Stifel Nicolaus lifted their price objective on MaxLinear from $25.00 to $27.00 and gave the stock a “buy” rating in a report on Monday, January 9th. Zacks Investment Research cut MaxLinear from a “hold” rating to a “sell” rating in a report on Tuesday, January 10th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $22.50 price objective on shares of MaxLinear in a report on Thursday, January 12th. Eight research analysts have rated the stock with a buy rating, MaxLinear currently has a consensus rating of “Buy” and a consensus price target of $28.83.

MaxLinear (NYSE:MXL) traded down 2.76% during trading on Thursday, hitting $27.83. The stock had a trading volume of 344,449 shares. MaxLinear has a one year low of $15.77 and a one year high of $28.74. The stock’s 50-day moving average is $27.20 and its 200 day moving average is $23.87. The firm has a market cap of $1.81 billion, a price-to-earnings ratio of 30.58 and a beta of 0.72.

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Several institutional investors have recently added to or reduced their stakes in MXL. New York State Teachers Retirement System boosted its position in MaxLinear by 4.2% in the fourth quarter. New York State Teachers Retirement System now owns 5,000 shares of the semiconductor company’s stock worth $109,000 after buying an additional 200 shares during the period. Envestnet Asset Management Inc. boosted its position in MaxLinear by 28.1% in the fourth quarter. Envestnet Asset Management Inc. now owns 5,780 shares of the semiconductor company’s stock worth $125,000 after buying an additional 1,267 shares during the period. Ladenburg Thalmann Financial Services Inc. boosted its position in MaxLinear by 24.8% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 10,260 shares of the semiconductor company’s stock worth $224,000 after buying an additional 2,036 shares during the period. Meritage Portfolio Management boosted its position in MaxLinear by 1.0% in the first quarter. Meritage Portfolio Management now owns 246,935 shares of the semiconductor company’s stock worth $6,927,000 after buying an additional 2,440 shares during the period. Finally, Croft Leominster Inc. boosted its position in MaxLinear by 8.0% in the third quarter. Croft Leominster Inc. now owns 40,700 shares of the semiconductor company’s stock worth $824,000 after buying an additional 3,000 shares during the period. 78.21% of the stock is owned by institutional investors.

MaxLinear Company Profile

MaxLinear, Inc is a provider of radio frequency (RF) and mixed-signal integrated circuits for cable and satellite broadband communications and the connected home, and wired and wireless infrastructure markets. The Company’s RF receiver products capture and process digital and analog broadband signals to be decoded for various applications.

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