Wall Street brokerages predict that MaxLinear, Inc. (NYSE:MXL) will post $0.24 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for MaxLinear’s earnings. The highest EPS estimate is $0.24 and the lowest is $0.22. MaxLinear posted earnings of $0.34 per share in the same quarter last year, which would suggest a negative year over year growth rate of 29.4%. The firm is expected to issue its next earnings results on Tuesday, August 6th.

On average, analysts expect that MaxLinear will report full-year earnings of $1.06 per share for the current year, with EPS estimates ranging from $1.01 to $1.08. For the next fiscal year, analysts anticipate that the business will post earnings of $1.38 per share, with EPS estimates ranging from $1.32 to $1.42. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that follow MaxLinear.

MaxLinear (NYSE:MXL) last posted its quarterly earnings data on Wednesday, May 1st. The semiconductor company reported $0.09 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.09. MaxLinear had a positive return on equity of 8.68% and a negative net margin of 9.17%. The company had revenue of $84.64 million during the quarter, compared to analysts’ expectations of $84.44 million. During the same period last year, the firm earned $0.37 EPS. The firm’s revenue for the quarter was down 23.6% on a year-over-year basis.

A number of analysts have weighed in on the company. Needham & Company LLC cut MaxLinear from a “buy” rating to a “hold” rating in a research report on Thursday, May 2nd. They noted that the move was a valuation call. Zacks Investment Research raised MaxLinear from a “sell” rating to a “hold” rating in a research report on Wednesday, April 10th. ValuEngine raised MaxLinear from a “hold” rating to a “buy” rating in a research report on Thursday, February 28th. Finally, Wells Fargo & Co assumed coverage on MaxLinear in a research report on Tuesday. They set a “market perform” rating for the company. Seven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $20.20.

In other news, Director Donald E. Schrock sold 34,575 shares of the firm’s stock in a transaction that occurred on Thursday, February 28th. The stock was sold at an average price of $25.36, for a total value of $876,822.00. Following the completion of the sale, the director now directly owns 76,278 shares of the company’s stock, valued at approximately $1,934,410.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 9.97% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Geode Capital Management LLC lifted its stake in MaxLinear by 6.6% during the fourth quarter. Geode Capital Management LLC now owns 660,461 shares of the semiconductor company’s stock worth $11,624,000 after purchasing an additional 41,128 shares during the period. Municipal Employees Retirement System of Michigan bought a new stake in shares of MaxLinear during the 4th quarter worth approximately $318,000. Vanguard Group Inc lifted its holdings in shares of MaxLinear by 7.7% during the 3rd quarter. Vanguard Group Inc now owns 6,208,370 shares of the semiconductor company’s stock worth $123,423,000 after acquiring an additional 443,729 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of MaxLinear by 1.1% during the 4th quarter. Principal Financial Group Inc. now owns 509,509 shares of the semiconductor company’s stock worth $8,967,000 after acquiring an additional 5,395 shares during the period. Finally, Channing Capital Management LLC lifted its holdings in shares of MaxLinear by 128.9% during the 4th quarter. Channing Capital Management LLC now owns 1,256,079 shares of the semiconductor company’s stock worth $22,107,000 after acquiring an additional 707,366 shares during the period. 98.67% of the stock is owned by institutional investors and hedge funds.

MaxLinear stock opened at $24.33 on Friday. MaxLinear has a twelve month low of $14.87 and a twelve month high of $28.70. The company has a quick ratio of 1.86, a current ratio of 2.44 and a debt-to-equity ratio of 0.59. The company has a market cap of $1.69 billion, a price-to-earnings ratio of 31.19, a P/E/G ratio of 1.78 and a beta of 1.16.

MaxLinear Company Profile

MaxLinear, Inc provides radio-frequency (RF), high-performance analog, and mixed-signal communications systems-on-chip solutions (SoCs) for the connected home, wired and wireless infrastructure, and industrial and multi-market applications worldwide. The company offers range of semiconductor products, such as RF receivers and RF receiver SoCs, wireless infrastructure backhaul RF receivers and modem SoCs, laser modulator drivers, transimpedance amplifiers, clock and data recovery circuits, interface solutions, power management products, and data encryption and compression products.

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Earnings History and Estimates for MaxLinear (NYSE:MXL)

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