MaxLinear (MXL) Given News Sentiment Rating of 0.22
News stories about MaxLinear (NYSE:MXL) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. MaxLinear earned a daily sentiment score of 0.22 on Accern’s scale. Accern also assigned news stories about the semiconductor company an impact score of 46.6028047728629 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news headlines that may have impacted Accern Sentiment’s rankings:
- MaxLinear Expands Multi-Gigabit G.hn Wired Connectivity to Automotive, Industrial, Security and Utility Market Segments (markets.financialcontent.com)
- MaxLinear and Airgain Enable Multi-Gigabit Data Transfer Through Low-E Glass Windows for 5G Fixed Wireless Access (markets.financialcontent.com)
- ON Semiconductor (ON) & MaxLinear (MXL) Head to Head Analysis (americanbankingnews.com)
- Geniatech and MaxLinear Showcase NetAerial Cord Cutter ATSC TV Distribution System at CES (finance.yahoo.com)
Several analysts have weighed in on MXL shares. Zacks Investment Research raised shares of MaxLinear from a “sell” rating to a “hold” rating in a research note on Wednesday, November 8th. Needham & Company LLC reiterated a “buy” rating and set a $32.00 price target on shares of MaxLinear in a report on Wednesday, November 8th. Finally, Roth Capital reiterated a “buy” rating and set a $33.00 price target on shares of MaxLinear in a report on Friday, December 29th. One equities research analyst has rated the stock with a sell rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $31.60.
MaxLinear (NYSE:MXL) last released its quarterly earnings data on Tuesday, November 7th. The semiconductor company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.33 by $0.06. The business had revenue of $113.58 million for the quarter, compared to the consensus estimate of $115.77 million. MaxLinear had a net margin of 4.73% and a return on equity of 20.96%. The business’s revenue for the quarter was up 17.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.43 EPS. research analysts forecast that MaxLinear will post 1.05 earnings per share for the current year.
In related news, insider Daniel Omeniuk sold 760,000 shares of the company’s stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $0.15, for a total value of $114,000.00. Corporate insiders own 11.92% of the company’s stock.
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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