MaxLinear, Inc. to Post Q1 2019 Earnings of $0.09 Per Share, William Blair Forecasts (MXL)

MaxLinear, Inc. (NYSE:MXL) – Stock analysts at William Blair upped their Q1 2019 earnings per share (EPS) estimates for MaxLinear in a report released on Wednesday, February 6th. William Blair analyst now expects that the semiconductor company will post earnings of $0.09 per share for the quarter, up from their prior forecast of $0.06. William Blair also issued estimates for MaxLinear’s Q2 2019 earnings at $0.14 EPS, Q3 2019 earnings at $0.23 EPS, Q4 2019 earnings at $0.31 EPS, FY2019 earnings at $0.76 EPS, Q1 2020 earnings at $0.24 EPS, Q2 2020 earnings at $0.24 EPS, Q3 2020 earnings at $0.25 EPS, Q4 2020 earnings at $0.26 EPS and FY2020 earnings at $1.00 EPS.

MaxLinear (NYSE:MXL) last posted its earnings results on Tuesday, February 5th. The semiconductor company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.11. MaxLinear had a negative net margin of 6.80% and a positive return on equity of 11.90%. The company had revenue of $87.63 million during the quarter, compared to analysts’ expectations of $87.00 million. During the same quarter in the previous year, the company posted $0.38 earnings per share. MaxLinear’s quarterly revenue was down 22.9% compared to the same quarter last year.

A number of other research analysts have also recently issued reports on MXL. Zacks Investment Research cut shares of MaxLinear from a “hold” rating to a “sell” rating in a research note on Saturday, November 3rd. Needham & Company LLC reiterated a “buy” rating on shares of MaxLinear in a research note on Wednesday. ValuEngine cut shares of MaxLinear from a “buy” rating to a “hold” rating in a research note on Wednesday, January 9th. JPMorgan Chase & Co. assumed coverage on shares of MaxLinear in a research note on Friday, January 4th. They issued a “neutral” rating and a $18.00 target price for the company. Finally, UBS Group cut shares of MaxLinear from a “positive” rating to a “neutral” rating in a research note on Thursday, October 25th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $21.83.

NYSE:MXL opened at $21.76 on Friday. MaxLinear has a 1 year low of $14.87 and a 1 year high of $26.03. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.56 and a quick ratio of 1.99. The company has a market capitalization of $1.51 billion, a PE ratio of 27.90, a PEG ratio of 1.35 and a beta of 1.00.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of Montreal Can grew its holdings in MaxLinear by 37.3% during the 4th quarter. Bank of Montreal Can now owns 3,728 shares of the semiconductor company’s stock worth $66,000 after acquiring an additional 1,013 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in shares of MaxLinear during the third quarter worth $205,000. Riverhead Capital Management LLC boosted its position in shares of MaxLinear by 68.8% during the third quarter. Riverhead Capital Management LLC now owns 10,800 shares of the semiconductor company’s stock worth $215,000 after purchasing an additional 4,400 shares in the last quarter. Captrust Financial Advisors bought a new position in shares of MaxLinear during the third quarter worth $226,000. Finally, Pacer Advisors Inc. bought a new position in shares of MaxLinear during the third quarter worth $239,000. 94.87% of the stock is owned by hedge funds and other institutional investors.

In related news, VP Michael J. Lachance sold 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 4th. The shares were sold at an average price of $20.75, for a total value of $1,037,500.00. Following the completion of the sale, the vice president now owns 131,232 shares of the company’s stock, valued at $2,723,064. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP William Torgerson sold 12,500 shares of MaxLinear stock in a transaction on Thursday, December 6th. The stock was sold at an average price of $19.61, for a total transaction of $245,125.00. Following the sale, the vice president now directly owns 104,761 shares of the company’s stock, valued at approximately $2,054,363.21. The disclosure for this sale can be found here. Company insiders own 11.47% of the company’s stock.

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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Earnings History and Estimates for MaxLinear (NYSE:MXL)

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