MaxLinear (MXL) Set to Announce Quarterly Earnings on Wednesday

MaxLinear (NYSE:MXL) is set to post its quarterly earnings results after the market closes on Wednesday, April 24th. Analysts expect MaxLinear to post earnings of ($0.20) per share for the quarter. MaxLinear has set its Q1 2024 guidance at EPS.Individual that are interested in participating in the company’s earnings conference call can do so using this link.

MaxLinear (NYSE:MXL) last released its quarterly earnings results on Wednesday, January 31st. The semiconductor company reported ($0.17) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.17). MaxLinear had a positive return on equity of 4.77% and a negative net margin of 10.55%. The company had revenue of $125.35 million during the quarter, compared to analysts’ expectations of $125.06 million. On average, analysts expect MaxLinear to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

MaxLinear Trading Up 0.9 %

NYSE:MXL opened at $19.82 on Tuesday. The business has a fifty day moving average of $19.82 and a 200-day moving average of $19.96. MaxLinear has a 1 year low of $13.43 and a 1 year high of $35.09. The stock has a market cap of $1.62 billion, a price-to-earnings ratio of -22.27 and a beta of 1.98. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.75 and a current ratio of 2.20.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Northland Securities raised MaxLinear from a “market perform” rating to an “outperform” rating and set a $30.00 target price for the company in a research note on Thursday, April 4th. Needham & Company LLC decreased their target price on MaxLinear from $28.00 to $25.00 and set a “buy” rating for the company in a research note on Thursday, February 1st. StockNews.com raised MaxLinear from a “sell” rating to a “hold” rating in a research note on Thursday, February 29th. Wells Fargo & Company cut MaxLinear from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $35.00 to $25.00 in a research note on Wednesday, January 3rd. Finally, Benchmark raised their target price on MaxLinear from $23.00 to $28.00 and gave the company a “buy” rating in a research note on Monday, April 15th. Eight research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, MaxLinear has a consensus rating of “Hold” and a consensus target price of $26.09.

About MaxLinear

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.