Somewhat Favorable News Coverage Somewhat Unlikely to Affect MaxLinear (MXL) Share Price

Media coverage about MaxLinear (NYSE:MXL) has trended somewhat positive recently, Accern reports. Accern identifies positive and negative media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. MaxLinear earned a media sentiment score of 0.17 on Accern’s scale. Accern also gave news articles about the semiconductor company an impact score of 46.3707403969225 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

Shares of MaxLinear (NYSE MXL) opened at $25.92 on Thursday. The company has a current ratio of 2.23, a quick ratio of 1.58 and a debt-to-equity ratio of 0.93. The stock has a market cap of $1,757.65, a P/E ratio of 22.63 and a beta of 0.47. MaxLinear has a 52-week low of $20.38 and a 52-week high of $32.47.

MaxLinear (NYSE:MXL) last posted its quarterly earnings results on Tuesday, November 7th. The semiconductor company reported $0.39 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.06. The business had revenue of $113.58 million for the quarter, compared to analyst estimates of $115.77 million. MaxLinear had a net margin of 4.73% and a return on equity of 20.96%. The firm’s revenue for the quarter was up 17.9% on a year-over-year basis. During the same quarter last year, the business posted $0.43 EPS. analysts forecast that MaxLinear will post 1.09 earnings per share for the current fiscal year.

A number of brokerages have issued reports on MXL. BidaskClub lowered shares of MaxLinear from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 24th. Zacks Investment Research upgraded shares of MaxLinear from a “sell” rating to a “hold” rating in a research report on Wednesday, November 8th. Finally, Needham & Company LLC restated a “buy” rating and set a $32.00 target price on shares of MaxLinear in a research report on Wednesday, November 8th. One equities research analyst has rated the stock with a sell rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. MaxLinear presently has an average rating of “Buy” and an average price target of $31.70.

In related news, insider Daniel Omeniuk sold 2,000,000 shares of the stock in a transaction that occurred on Wednesday, October 18th. The shares were sold at an average price of $0.16, for a total transaction of $320,000.00. Company insiders own 11.92% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for MaxLinear (NYSE:MXL)

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