News articles about MaxLinear (NYSE:MXL) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies negative and positive press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. MaxLinear earned a media sentiment score of 0.08 on Accern’s scale. Accern also assigned news headlines about the semiconductor company an impact score of 47.0196634562349 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the news headlines that may have impacted Accern Sentiment’s analysis:
- Brinker International, Inc. (NYSE:EAT) and MaxLinear, Inc. (NYSE:MXL): Technical Valuation Breakdown - Evergreen Caller (evergreencaller.com)
- MaxLinear, Inc. (NYSE:MXL) Sees Light Trading Volume with 359K Shares Changing Hands - Highlight Press (highlightpress.com)
- Analysts Anticipate EOG Resources, Inc (fumbleboard.com)
- MaxLinear, Inc. (MXL) has a value of $27.10 per share While Xcerra … - Stocks Gallery (stocksgallery.com)
- Deutsche Bank Keeps Rating And Raises Price Target On MaxLinear, Inc. (MXL) - First News 24 (firstnewspaper24.com)
Shares of MaxLinear (MXL) traded up 1.05% on Wednesday, reaching $26.88. 583,429 shares of the company’s stock traded hands. The company’s 50-day moving average is $28.57 and its 200-day moving average is $27.55. MaxLinear has a 52 week low of $17.13 and a 52 week high of $32.47. The firm has a market capitalization of $1.76 billion, a P/E ratio of 37.18 and a beta of 0.63.
MaxLinear (NYSE:MXL) last released its earnings results on Tuesday, May 9th. The semiconductor company reported $0.28 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.04. The firm had revenue of $88.84 million during the quarter, compared to analysts’ expectations of $88.02 million. MaxLinear had a net margin of 13.12% and a return on equity of 26.77%. The business’s quarterly revenue was down 13.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.47 EPS. Equities research analysts anticipate that MaxLinear will post $1.45 earnings per share for the current fiscal year.
MXL has been the topic of several analyst reports. Stifel Nicolaus lifted their price target on shares of MaxLinear from $32.00 to $34.00 and gave the stock a “buy” rating in a research note on Tuesday, July 4th. Deutsche Bank AG dropped their price target on shares of MaxLinear from $33.00 to $32.00 and set a “buy” rating on the stock in a research note on Friday, July 21st. Zacks Investment Research downgraded shares of MaxLinear from a “buy” rating to a “hold” rating in a research note on Tuesday, May 16th. Needham & Company LLC reaffirmed a “buy” rating and set a $29.00 price target on shares of MaxLinear in a research note on Thursday, March 30th. Finally, BidaskClub downgraded shares of MaxLinear from a “buy” rating to a “hold” rating in a research note on Friday, June 30th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. MaxLinear presently has a consensus rating of “Buy” and a consensus target price of $31.50.
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In related news, Director Albert J. Moyer sold 21,149 shares of the company’s stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $31.86, for a total transaction of $673,807.14. Following the completion of the transaction, the director now directly owns 75,857 shares in the company, valued at approximately $2,416,804.02. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Steven Craddock sold 20,000 shares of the company’s stock in a transaction on Friday, May 26th. The shares were sold at an average price of $30.86, for a total transaction of $617,200.00. Following the transaction, the director now owns 73,752 shares of the company’s stock, valued at $2,275,986.72. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 276,004 shares of company stock valued at $8,638,836. Corporate insiders own 11.92% of the company’s stock.
About MaxLinear
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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