MaxLinear (MXL) Earning Somewhat Positive Press Coverage, Analysis Shows

News articles about MaxLinear (NYSE:MXL) have trended somewhat positive on Sunday, according to Accern. The research firm scores the sentiment of press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. MaxLinear earned a daily sentiment score of 0.22 on Accern’s scale. Accern also gave headlines about the semiconductor company an impact score of 45.4463366774112 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

Here are some of the headlines that may have impacted Accern’s analysis:

MXL has been the topic of several recent research reports. Needham & Company LLC reaffirmed a “buy” rating and set a $32.00 target price on shares of MaxLinear in a research note on Wednesday, November 8th. Zacks Investment Research raised shares of MaxLinear from a “hold” rating to a “strong-buy” rating and set a $30.00 target price on the stock in a research note on Tuesday, November 14th. Finally, Roth Capital reaffirmed a “buy” rating and set a $33.00 target price on shares of MaxLinear in a research note on Friday, December 29th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $31.20.

Shares of MaxLinear (NYSE MXL) opened at $22.89 on Friday. MaxLinear has a 52 week low of $20.38 and a 52 week high of $32.47. The firm has a market cap of $1,532.67, a P/E ratio of -152.59 and a beta of 0.41. The company has a current ratio of 2.64, a quick ratio of 1.58 and a debt-to-equity ratio of 0.90.

MaxLinear (NYSE:MXL) last announced its earnings results on Tuesday, February 13th. The semiconductor company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.01. MaxLinear had a negative net margin of 2.19% and a positive return on equity of 20.70%. The firm had revenue of $113.72 million for the quarter, compared to the consensus estimate of $114.01 million. analysts predict that MaxLinear will post 1.24 earnings per share for the current year.

In related news, VP Brendan Walsh sold 25,018 shares of the company’s stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $28.00, for a total transaction of $700,504.00. Following the sale, the vice president now directly owns 155,441 shares of the company’s stock, valued at approximately $4,352,348. The sale was disclosed in a legal filing with the SEC, which is available through this link. 11.92% of the stock is owned by corporate 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.

Insider Buying and Selling by Quarter for MaxLinear (NYSE:MXL)

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