MaxLinear (NASDAQ:MXL) Releases Earnings Results

MaxLinear (NASDAQ:MXL) announced its quarterly earnings data on Wednesday. The semiconductor company reported ($0.27) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.14), Zacks reports. MaxLinear had a negative return on equity of 19.22% and a negative net margin of 57.37%. MaxLinear updated its Q1 2025 guidance to EPS.

MaxLinear Price Performance

MaxLinear stock opened at $21.79 on Thursday. MaxLinear has a 52-week low of $11.08 and a 52-week high of $26.59. The company has a quick ratio of 1.38, a current ratio of 1.95 and a debt-to-equity ratio of 0.22. The firm’s fifty day moving average is $19.77 and its 200 day moving average is $16.43. The company has a market cap of $1.84 billion, a price-to-earnings ratio of -8.01 and a beta of 1.79.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on MXL shares. Benchmark boosted their price objective on MaxLinear from $22.00 to $28.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Northland Securities upped their price target on MaxLinear from $25.00 to $27.50 and gave the stock an “outperform” rating in a research note on Monday, January 6th. Needham & Company LLC reaffirmed a “hold” rating on shares of MaxLinear in a report on Thursday. Craig Hallum lowered their target price on shares of MaxLinear from $28.00 to $25.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. Finally, Wells Fargo & Company raised their target price on shares of MaxLinear from $14.00 to $19.00 and gave the company an “equal weight” rating in a research note on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, MaxLinear currently has an average rating of “Hold” and a consensus target price of $25.64.

Insiders Place Their Bets

In related news, insider Steven G. Litchfield sold 32,000 shares of MaxLinear 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. The trade was a 8.04 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ted L. Tewksbury III sold 5,800 shares of the stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $15.36, for a total transaction of $89,088.00. Following the completion of the sale, the director now directly owns 69,717 shares in the company, valued at $1,070,853.12. This trade represents a 7.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 48,900 shares of company stock valued at $927,278 in the last three months. Corporate insiders own 8.60% of the company’s stock.

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.