MaxLinear (MXL) to Release Quarterly Earnings on Wednesday

MaxLinear (NASDAQ:MXL) is expected to release its earnings data after the market closes on Wednesday, January 29th. Analysts expect MaxLinear to post earnings of ($0.13) per share and revenue of $90,002.30 billion for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

MaxLinear Price Performance

MXL stock opened at $23.17 on Monday. MaxLinear has a 1 year low of $11.08 and a 1 year high of $26.59. The firm has a 50-day moving average of $19.41 and a 200 day moving average of $16.43. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.95 and a quick ratio of 1.38. The company has a market cap of $1.95 billion, a P/E ratio of -8.52 and a beta of 1.79.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on MXL. Craig Hallum reduced their target price on shares of MaxLinear from $28.00 to $25.00 and set a “buy” rating on the stock in a research report on Thursday, October 24th. Needham & Company LLC reissued a “hold” rating on shares of MaxLinear in a report on Thursday, October 24th. Benchmark upped their price target on MaxLinear from $22.00 to $28.00 and gave the company a “buy” rating in a report on Monday, December 9th. Susquehanna lifted their price objective on MaxLinear from $20.00 to $25.00 and gave the stock a “neutral” rating in a report on Wednesday, January 22nd. Finally, Wells Fargo & Company upped their target price on shares of MaxLinear from $14.00 to $19.00 and gave the company an “equal weight” rating in a research note on Monday, January 13th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $25.64.

Insider Buying and Selling

In other news, Director Ted L. Tewksbury III sold 5,800 shares of the firm’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $15.36, for a total value of $89,088.00. Following the transaction, the director now owns 69,717 shares of the company’s stock, valued at $1,070,853.12. This trade represents a 7.68 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP William Torgerson sold 6,100 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $15.40, for a total value of $93,940.00. Following the transaction, the vice president now owns 179,262 shares of the company’s stock, valued at approximately $2,760,634.80. This trade represents a 3.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 48,900 shares of company stock valued at $927,278. 8.60% of the stock is owned by insiders.

About MaxLinear

MaxLinear, Inc provides communications systems-on-chip solutions worldwide. Its products integrate various portions of a high-speed communication system, including radio frequency, high-performance analog, mixed-signal, digital signal processing, security engines, data compression and networking layers, and power management.