MaxLinear (MXL) Projected to Post Earnings on Wednesday

MaxLinear (NASDAQ:MXL) is expected to announce its earnings results after the market closes on Wednesday, January 29th. Analysts expect the company to announce earnings of ($0.13) per share and revenue of $90,002.30 billion for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

MaxLinear Trading Down 17.8 %

NASDAQ:MXL opened at $19.04 on Tuesday. The firm has a 50-day simple moving average of $19.51 and a 200-day simple moving average of $16.41. MaxLinear has a one year low of $11.08 and a one year high of $26.59. The firm has a market cap of $1.61 billion, a P/E ratio of -7.00 and a beta of 1.79. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.38 and a current ratio of 1.95.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Northland Securities boosted their price objective on shares of MaxLinear from $25.00 to $27.50 and gave the stock an “outperform” rating in a research note on Monday, January 6th. Benchmark upped their price objective on MaxLinear from $22.00 to $28.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Needham & Company LLC reaffirmed a “hold” rating on shares of MaxLinear in a research report on Thursday, October 24th. Susquehanna boosted their target price on shares of MaxLinear from $20.00 to $25.00 and gave the stock a “neutral” rating in a report on Wednesday, January 22nd. Finally, Wells Fargo & Company raised their price target on shares of MaxLinear from $14.00 to $19.00 and gave the company an “equal weight” rating in a report on Monday, January 13th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $25.64.

Insiders Place Their Bets

In related news, insider Connie H. Kwong sold 5,000 shares of the firm’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $18.61, for a total value of $93,050.00. Following the completion of the transaction, the insider now owns 49,147 shares in the company, valued at $914,625.67. This trade represents a 9.23 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Ted L. Tewksbury III sold 5,800 shares of MaxLinear stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $15.36, for a total value of $89,088.00. Following the sale, the director now directly owns 69,717 shares of the company’s stock, valued at approximately $1,070,853.12. This represents a 7.68 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 48,900 shares of company stock valued at $927,278. 8.60% of the stock is currently owned by corporate insiders.

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.