MaxLinear (NYSE:MXL) issued its earnings results on Tuesday, February 13th. The semiconductor company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.37 by $0.01, Bloomberg Earnings reports. MaxLinear had a negative net margin of 2.19% and a positive return on equity of 20.70%. The company had revenue of $113.72 million for the quarter, compared to analyst estimates of $114.01 million.
Shares of MaxLinear (MXL) traded up $0.67 on Thursday, hitting $24.42. The stock had a trading volume of 384,905 shares, compared to its average volume of 644,835. MaxLinear has a 52 week low of $20.38 and a 52 week high of $32.47. The firm has a market capitalization of $1,620.00, a price-to-earnings ratio of -122.10 and a beta of 0.54. The company has a debt-to-equity ratio of 0.90, a current ratio of 2.64 and a quick ratio of 1.94.
In other MaxLinear news, insider Curtis Ling sold 22,321 shares of the firm’s stock in a transaction dated Monday, March 5th. The stock was sold at an average price of $22.90, for a total transaction of $511,150.90. Following the completion of the sale, the insider now directly owns 912,117 shares in the company, valued at approximately $20,887,479.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Michael J. Lachance sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $23.08, for a total value of $577,000.00. Following the sale, the vice president now directly owns 70,582 shares of the company’s stock, valued at $1,629,032.56. The disclosure for this sale can be found here. Insiders have sold 97,339 shares of company stock valued at $2,379,405 in the last ninety days. Company insiders own 11.92% of the company’s stock.
A number of research analysts have recently commented 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 reissued a “buy” rating and set a $32.00 target price on shares of MaxLinear in a research report on Wednesday, November 8th. Finally, Roth Capital restated a “buy” rating and issued a $33.00 price target on shares of MaxLinear in a report on Friday, December 29th. Two analysts have rated the stock with a sell rating and four 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 $31.20.
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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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