MaxLinear (MXL) Set to Announce Quarterly Earnings on Wednesday

MaxLinear (NYSE:MXL - Get Free Report) will issue its quarterly earnings data after the market closes on Wednesday, October 23rd. Analysts expect the company to announce earnings of ($0.32) per share for the quarter. MaxLinear has set its Q3 2024 guidance at EPS.Parties that are interested in participating in the company's conference call can do so using this link.

MaxLinear (NYSE:MXL - Get Free Report) last issued its earnings results on Wednesday, July 24th. The semiconductor company reported ($0.25) EPS for the quarter, missing analysts' consensus estimates of ($0.19) by ($0.06). The firm had revenue of $92.00 million during the quarter, compared to analyst estimates of $100.25 million. MaxLinear had a negative net margin of 42.38% and a negative return on equity of 12.39%. The business's revenue for the quarter was down 50.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.19 earnings per share. On average, analysts expect MaxLinear to post $-2 EPS for the current fiscal year and $0 EPS for the next fiscal year.

MaxLinear Price Performance

MXL traded up $0.02 during midday trading on Wednesday, reaching $13.92. 1,127,709 shares of the company's stock were exchanged, compared to its average volume of 915,724. The business has a 50-day simple moving average of $13.44 and a two-hundred day simple moving average of $17.45. The company has a quick ratio of 1.59, a current ratio of 2.09 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $1.16 billion, a price-to-earnings ratio of -7.38 and a beta of 1.83. MaxLinear has a one year low of $11.08 and a one year high of $26.59.

Analyst Ratings Changes

A number of brokerages have recently issued reports on MXL. Stifel Nicolaus upped their target price on shares of MaxLinear from $26.00 to $30.00 and gave the stock a "buy" rating in a research report on Thursday, July 18th. Needham & Company LLC lowered shares of MaxLinear from a "buy" rating to a "hold" rating in a research note on Thursday, July 25th. Craig Hallum cut their price target on shares of MaxLinear from $38.00 to $28.00 and set a "hold" rating on the stock in a research report on Thursday, July 25th. Benchmark decreased their target price on shares of MaxLinear from $28.00 to $22.00 and set a "buy" rating for the company in a research note on Thursday, July 25th. Finally, Northland Securities dropped their price target on MaxLinear from $30.00 to $25.00 and set an "outperform" rating on the stock in a research note on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $23.44.

Insider Buying and Selling at MaxLinear

In other MaxLinear news, CEO Kishore Seendripu purchased 108,303 shares of the firm's stock in a transaction on Tuesday, July 30th. The shares were purchased at an average cost of $12.94 per share, with a total value of $1,401,440.82. Following the completion of the purchase, the chief executive officer now owns 531,937 shares of the company's stock, valued at $6,883,264.78. The trade was a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 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.