MaxLinear (NASDAQ:MXL) Releases Earnings Results, Misses Expectations By $0.14 EPS

MaxLinear (NASDAQ:MXL - Get Free Report) posted its earnings results on Wednesday. The semiconductor company reported ($0.27) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.14), Zacks reports. MaxLinear had a negative return on equity of 21.15% and a negative net margin of 68.01%. MaxLinear updated its Q1 2025 guidance to EPS.

MaxLinear Trading Up 2.2 %

Shares of NASDAQ:MXL traded up $0.39 on Friday, reaching $17.86. 4,336,412 shares of the company traded hands, compared to its average volume of 1,698,281. The stock has a market capitalization of $1.51 billion, a P/E ratio of -6.10 and a beta of 1.79. The business's 50-day simple moving average is $19.85 and its 200 day simple moving average is $16.27. The company has a current ratio of 1.95, a quick ratio of 1.38 and a debt-to-equity ratio of 0.22. MaxLinear has a 52 week low of $11.08 and a 52 week high of $26.59.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Northland Securities boosted their price objective on MaxLinear from $25.00 to $27.50 and gave the stock an "outperform" rating in a report on Monday, January 6th. Benchmark reissued a "buy" rating and issued a $28.00 price target on shares of MaxLinear in a research note on Thursday. Needham & Company LLC restated a "hold" rating on shares of MaxLinear in a research report on Thursday. Craig Hallum cut their target price on shares of MaxLinear from $28.00 to $25.00 and set a "buy" rating for the company in a research report on Thursday, October 24th. Finally, Wells Fargo & Company raised their price target on MaxLinear from $19.00 to $20.00 and gave the company an "equal weight" rating in a research report on Thursday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $25.50.

Insider Activity

In other news, insider Steven G. Litchfield sold 32,000 shares of the company's stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $20.35, for a total transaction of $651,200.00. Following the completion of the transaction, the insider now directly owns 365,868 shares of the company's stock, valued at approximately $7,445,413.80. This represents a 8.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP William Torgerson sold 6,100 shares of the firm's stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $15.40, for a total value of $93,940.00. Following the completion of the sale, the vice president now directly owns 179,262 shares in the company, valued at $2,760,634.80. The trade was a 3.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 48,900 shares of company stock valued at $927,278. Insiders own 8.60% of the company's stock.

MaxLinear Company Profile

MaxLinear, Inc provides communications systems-on-chip solutions worldwide. Its products integrate various portions of a high-speed communication system, including radio frequency, high-performance analog, mixed-signal, digital signal processing, security engines, data compression and networking layers, and power management.