Brokerages expect that MaxLinear, Inc. (NYSE:MXL) will announce $84.50 million in sales for the current fiscal quarter, Zacks reports. Three analysts have made estimates for MaxLinear’s earnings. The highest sales estimate is $84.50 million and the lowest is $84.49 million. MaxLinear posted sales of $110.83 million in the same quarter last year, which would indicate a negative year over year growth rate of 23.8%. The firm is scheduled to report its next earnings report on Tuesday, May 14th.

According to Zacks, analysts expect that MaxLinear will report full year sales of $378.67 million for the current financial year, with estimates ranging from $368.66 million to $392.50 million. For the next fiscal year, analysts anticipate that the firm will post sales of $411.05 million, with estimates ranging from $400.62 million to $431.78 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for MaxLinear.

MaxLinear (NYSE:MXL) last released its earnings results on Tuesday, February 5th. The semiconductor company reported $0.20 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.11. The firm had revenue of $87.63 million during the quarter, compared to analyst estimates of $87.00 million. MaxLinear had a negative net margin of 6.80% and a positive return on equity of 11.90%. The business’s revenue was down 22.9% on a year-over-year basis. During the same quarter last year, the business earned $0.38 EPS.

Several equities research analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of MaxLinear from a “hold” rating to a “sell” rating in a report on Saturday, November 3rd. Needham & Company LLC restated a “buy” rating on shares of MaxLinear in a report on Wednesday, February 6th. ValuEngine lowered shares of MaxLinear from a “buy” rating to a “hold” rating in a report on Wednesday, January 9th. JPMorgan Chase & Co. assumed coverage on shares of MaxLinear in a report on Friday, January 4th. They issued a “neutral” rating and a $18.00 target price for the company. Finally, UBS Group lowered shares of MaxLinear from a “positive” rating to a “neutral” rating in a report on Thursday, October 25th. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $21.83.

In related news, VP William Torgerson sold 12,500 shares of MaxLinear stock in a transaction dated Thursday, December 6th. The shares were sold at an average price of $19.61, for a total transaction of $245,125.00. Following the completion of the sale, the vice president now owns 104,761 shares in the company, valued at approximately $2,054,363.21. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Connie H. Kwong sold 2,093 shares of MaxLinear stock in a transaction dated Friday, February 8th. The shares were sold at an average price of $21.70, for a total transaction of $45,418.10. Following the sale, the insider now owns 9,161 shares of the company’s stock, valued at approximately $198,793.70. The disclosure for this sale can be found here. Insiders have sold a total of 64,593 shares of company stock valued at $1,328,043 in the last quarter. 11.47% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Ontario Teachers Pension Plan Board bought a new stake in MaxLinear during the 4th quarter valued at about $789,000. Texas Permanent School Fund lifted its holdings in MaxLinear by 4.5% during the 4th quarter. Texas Permanent School Fund now owns 41,068 shares of the semiconductor company’s stock valued at $723,000 after buying an additional 1,784 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in MaxLinear by 6.4% during the 4th quarter. Bank of New York Mellon Corp now owns 819,075 shares of the semiconductor company’s stock valued at $14,416,000 after buying an additional 49,147 shares in the last quarter. BlackRock Inc. lifted its holdings in MaxLinear by 1.0% during the 4th quarter. BlackRock Inc. now owns 9,082,476 shares of the semiconductor company’s stock valued at $159,850,000 after buying an additional 90,933 shares in the last quarter. Finally, New York State Common Retirement Fund lifted its holdings in MaxLinear by 78.7% during the 4th quarter. New York State Common Retirement Fund now owns 269,621 shares of the semiconductor company’s stock valued at $4,745,000 after buying an additional 118,724 shares in the last quarter. Institutional investors own 94.87% of the company’s stock.

MaxLinear stock opened at $21.91 on Tuesday. The stock has a market capitalization of $1.50 billion, a PE ratio of 28.09, a PEG ratio of 1.41 and a beta of 1.00. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.56 and a quick ratio of 1.97. MaxLinear has a 12-month low of $14.87 and a 12-month high of $26.03.

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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