Brokerages forecast that MaxLinear, Inc. (NYSE:MXL) will report $82.50 million in sales for the current quarter, Zacks reports. Six analysts have issued estimates for MaxLinear’s earnings, with estimates ranging from $82.46 million to $82.53 million. MaxLinear reported sales of $101.53 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 18.7%. The business is scheduled to report its next earnings report on Tuesday, August 6th.

On average, analysts expect that MaxLinear will report full year sales of $345.50 million for the current year, with estimates ranging from $342.19 million to $348.10 million. For the next year, analysts anticipate that the company will post sales of $382.26 million, with estimates ranging from $372.08 million to $400.24 million. Zacks’ sales calculations are an average based on a survey of research firms that cover MaxLinear.

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

MXL has been the subject of several research reports. ValuEngine upgraded MaxLinear from a “hold” rating to a “buy” rating in a research report on Thursday, February 28th. Needham & Company LLC lowered 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 upgraded MaxLinear from a “sell” rating to a “hold” rating in a research report on Wednesday, April 10th. Wells Fargo & Co initiated coverage on MaxLinear in a research report on Tuesday, May 14th. They issued a “market perform” rating for the company. Finally, Roth Capital decreased their target price on MaxLinear from $28.00 to $23.00 and set a “neutral” rating for the company in a research report on Tuesday, June 4th. Seven investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. MaxLinear has a consensus rating of “Hold” and an average target price of $20.80.

In related news, VP Michael J. Lachance sold 36,470 shares of the business’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $21.65, for a total transaction of $789,575.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 9.97% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the stock. Oregon Public Employees Retirement Fund boosted its position in MaxLinear by 1.8% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 24,306 shares of the semiconductor company’s stock valued at $621,000 after purchasing an additional 439 shares during the period. Legal & General Group Plc boosted its position in MaxLinear by 0.3% during the 4th quarter. Legal & General Group Plc now owns 145,927 shares of the semiconductor company’s stock valued at $2,570,000 after purchasing an additional 455 shares during the period. Piedmont Investment Advisors Inc. boosted its position in MaxLinear by 3.8% during the 4th quarter. Piedmont Investment Advisors Inc. now owns 14,943 shares of the semiconductor company’s stock valued at $263,000 after purchasing an additional 552 shares during the period. PNC Financial Services Group Inc. boosted its position in MaxLinear by 24.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,995 shares of the semiconductor company’s stock valued at $53,000 after purchasing an additional 584 shares during the period. Finally, Mason Street Advisors LLC boosted its position in MaxLinear by 4.3% during the 1st quarter. Mason Street Advisors LLC now owns 20,328 shares of the semiconductor company’s stock valued at $519,000 after purchasing an additional 838 shares during the period. Institutional investors and hedge funds own 91.68% of the company’s stock.

Shares of MXL traded down $0.28 during mid-day trading on Wednesday, hitting $21.85. The stock had a trading volume of 170,758 shares, compared to its average volume of 488,932. The firm has a market cap of $1.54 billion, a price-to-earnings ratio of 28.01, a PEG ratio of 3.05 and a beta of 1.29. The company has a current ratio of 2.44, a quick ratio of 1.86 and a debt-to-equity ratio of 0.59. MaxLinear has a fifty-two week low of $14.87 and a fifty-two week high of $28.70.

About MaxLinear

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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