MaxLinear (MXL) Releases Earnings Results, Beats Expectations By $0.01 EPS
MaxLinear (NYSE:MXL) issued its quarterly earnings results on Tuesday. The semiconductor company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.01, Bloomberg Earnings reports. MaxLinear had a net margin of 4.73% and a return on equity of 20.96%.
Shares of MaxLinear (MXL) opened at $24.90 on Wednesday. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.23 and a quick ratio of 1.58. MaxLinear has a 12-month low of $20.38 and a 12-month high of $32.47. The stock has a market cap of $1,660.00, a P/E ratio of 95.75 and a beta of 0.41.
In related news, VP Brendan Walsh sold 25,018 shares of the firm’s stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $28.00, for a total value of $700,504.00. Following the sale, the vice president now directly owns 155,441 shares of the company’s stock, valued at $4,352,348. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 11.92% of the stock is currently owned by company insiders.
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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