News stories about MaxLinear (NYSE:MXL) have been trending somewhat positive recently, Accern reports. The research group scores the sentiment of media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. MaxLinear earned a news impact score of 0.14 on Accern’s scale. Accern also assigned news articles about the semiconductor company an impact score of 46.4930843561555 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
MXL has been the topic of several research analyst reports. Needham & Company LLC reiterated a “buy” rating and set a $32.00 price objective on shares of MaxLinear in a research report on Wednesday, November 8th. Zacks Investment Research upgraded shares of MaxLinear from a “sell” rating to a “hold” rating in a research report on Wednesday, November 8th. Finally, BidaskClub cut shares of MaxLinear from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 24th. One research analyst has rated the stock with a sell rating, five have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $30.75.
MaxLinear (NYSE MXL) opened at $25.56 on Friday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.58 and a current ratio of 2.23. MaxLinear has a fifty-two week low of $20.38 and a fifty-two week high of $32.47. The company has a market cap of $1,710.00, a price-to-earnings ratio of 21.76 and a beta of 0.47.
MaxLinear (NYSE:MXL) last posted its quarterly earnings results on Tuesday, November 7th. The semiconductor company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.33 by $0.06. MaxLinear had a net margin of 4.73% and a return on equity of 20.96%. The business had revenue of $113.58 million for the quarter, compared to analysts’ expectations of $115.77 million. During the same period in the previous year, the company posted $0.43 EPS. MaxLinear’s revenue was up 17.9% on a year-over-year basis. sell-side analysts predict that MaxLinear will post 1.09 earnings per share for the current year.
In related news, insider Daniel Omeniuk sold 2,000,000 shares of MaxLinear stock in a transaction on Wednesday, October 18th. The shares were sold at an average price of $0.16, for a total value of $320,000.00. 11.92% of the stock is currently owned by insiders.
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MaxLinear Company Profile
MaxLinear, Inc is a provider of radio frequency (RF) and mixed-signal integrated circuits for cable and satellite broadband communications and the connected home, and wired and wireless infrastructure markets. The Company’s RF receiver products capture and process digital and analog broadband signals to be decoded for various applications.
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