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Zacks Investment Research reports that brokerages expect MaxLinear (NYSE:MXL) to achieve sales of $245.08 million in this fiscal quarter. Five analysts provided estimates of MaxLinear's earnings, with the lowest estimated sales of US$245 million and the highest estimate of US$245.4 million. MaxLinear’s sales in the same period last year were US$194.7 million, which means a year-on-year growth rate of 25.9%. The company plans to report its earnings results for the next quarter on Wednesday, February 2.

On average, analysts expect MaxLinear's full-year sales this year to reach 889.6 million U.S. dollars, which is estimated to be between 889.5 million U.S. dollars and 889.91 million U.S. dollars. Analysts expect the company's sales next year to reach 1.01 billion U.S. dollars, which is estimated to be between 990.41 million U.S. dollars and 1.02 billion U.S. dollars. Zacks Investment Research’s sales calculations are based on averages from surveys of research analysts who provide MaxLinear coverage.

MaxLinear (NYSE:MXL) last announced its earnings results on Wednesday, October 27th. The semiconductor company reported earnings per share (EPS) of US$0.75 for the quarter, which was US$0.08 higher than analysts’ consensus estimate of US$0.67. The business's revenue for the quarter was $229.77 million, while analysts expected $224.7 million. MaxLinear's net profit margin is negative 1.30%, and the return on equity is 26.85%. The company's revenue for the quarter increased by 46.7% year-on-year. In the same period last year, the company's earnings per share were $0.14.

MXL has been the subject of many recent research reports. Benchmark raised the price target for MaxLinear stock from $51.00 to $68.00 and gave the company a "buy" rating in a report on Thursday, October 21. On Thursday, October 28, Deutsche Bank raised the target price of MaxLinear stock from US$45.00 to US$55.00 and gave the company a "hold" rating. Needham & Company LLC raised its price target on MaxLinear stock from US$54.00 to US$67.00, and gave the stock a "Buy" rating in its research report on Thursday, October 28. Susquehanna raised MaxLinear's target price from $45.00 to $55.00 and gave the stock a "positive" rating in a research report on Thursday, October 28. Finally, Zacks Investment Research upgraded MaxLinear from a "hold" rating to a "buy" rating in a research report on Friday, October 15th, and set a target price of $52.00 for the company. Two research analysts have a hold rating on the stock and eight have a buy rating on the company. According to MarketBeat.com data, the company's current average rating is "Buy" and the average target price is $65.20.

In other news, CEO Kishore Seendripu sold 13,362 MaxLinear shares in trading on Wednesday, September 22. The stock was sold at an average price of US$51.02, with a total value of US$681,729.24. The sale was disclosed in a document submitted to the US Securities and Exchange Commission, which can be obtained through this link. In addition, Vice President William Kelly Jones sold 12,885 shares of the company in a transaction on Tuesday, November 23. The shares were sold at an average price of US$69.16, with a total value of US$891,126.60. The disclosure of this sale can be found here. In the past three months, insiders have sold 66,333 shares of the company's stock, valued at US$3,539,742. Insiders own 8.82% of the company's shares.

Many large investors have recently bought and sold shares of MXL. Spire Wealth Management increased its position in MaxLinear by 34.7% in the third quarter. After purchasing another 255 shares during this period, Spire Wealth Management now owns 990 shares of the semiconductor company, valued at $49,000. FORA Capital LLC purchased new shares of MaxLinear in the second quarter, valued at approximately US$75,000. Lazard Asset Management LLC purchased new shares of MaxLinear in the second quarter, valued at approximately US$93,000. Barrow Hanley Mewhinney & Strauss LLC purchased new shares of MaxLinear in the second quarter, valued at approximately US$131,000. Finally, Dark Forest Capital Management LP acquired a new position in MaxLinear stock worth $162,000 in the third quarter. 82.99% of stocks are currently held by hedge funds and other institutional investors.

MXL's stock price opened at $71.30 on Friday. The company's debt-to-equity ratio is 0.71, quick ratio is 1.26, and current ratio is 1.81. MaxLinear has a 12-month low of $30.18 and a 12-month high of $74.95. The company's 50-day moving average price is US$61.35, and its 200-day moving average price is US$51.08. The company's market capitalization is $5.47 billion, a P/E ratio of -475.30, a PEG ratio of 1.73, and a beta of 1.97.

MaxLinear, Inc is dedicated to providing RF, high-performance analog and mixed-signal communication system-on-chip solutions for connected homes, wired and wireless infrastructure, and industrial and multi-market applications. Its products include cable broadband modems and gateways, wired connection equipment, radio frequency transceivers, fiber optic modules, video set-top boxes and gateways, hybrid analog and digital TV, direct broadcast satellite outdoor and indoor units, and power management and interface products.

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