Brokerages expect that MaxLinear, Inc. (NYSE:MXL) will report $84.87 million in sales for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for MaxLinear’s earnings, with the highest sales estimate coming in at $85.00 million and the lowest estimate coming in at $84.60 million. MaxLinear posted sales of $113.58 million during the same quarter last year, which suggests a negative year-over-year growth rate of 25.3%. The firm is expected to report its next quarterly earnings report on Tuesday, November 6th.

According to Zacks, analysts expect that MaxLinear will report full-year sales of $393.57 million for the current year, with estimates ranging from $386.00 million to $414.99 million. For the next financial year, analysts forecast that the company will report sales of $419.92 million per share, with estimates ranging from $409.50 million to $450.07 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow MaxLinear.

MaxLinear (NYSE:MXL) last issued its quarterly earnings data on Tuesday, August 7th. The semiconductor company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.03. The business had revenue of $101.53 million during the quarter. MaxLinear had a negative net margin of 9.37% and a positive return on equity of 19.00%.

MXL has been the subject of several recent analyst reports. Zacks Investment Research upgraded shares of MaxLinear from a “sell” rating to a “hold” rating in a research report on Saturday, August 18th. Roth Capital restated a “neutral” rating and set a $20.00 price objective (down previously from $27.00) on shares of MaxLinear in a research report on Monday, June 11th. William Blair initiated coverage on shares of MaxLinear in a research report on Monday, June 4th. They set an “outperform” rating for the company. Stifel Nicolaus reduced their price objective on shares of MaxLinear from $31.00 to $25.00 and set a “$17.41” rating for the company in a research report on Thursday, July 19th. Finally, ValuEngine upgraded shares of MaxLinear from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 9th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $25.00.

Shares of NYSE:MXL traded up $0.56 during trading on Thursday, hitting $19.22. 693,896 shares of the company were exchanged, compared to its average volume of 742,356. The company has a market capitalization of $1.28 billion, a PE ratio of 16.22, a P/E/G ratio of 1.39 and a beta of 0.88. The company has a current ratio of 2.62, a quick ratio of 2.06 and a debt-to-equity ratio of 0.76. MaxLinear has a 12-month low of $15.39 and a 12-month high of $28.06.

In other MaxLinear news, CEO Kishore Seendripu purchased 27,100 shares of MaxLinear stock in a transaction that occurred on Friday, August 10th. The stock was purchased at an average price of $18.47 per share, for a total transaction of $500,537.00. Following the transaction, the chief executive officer now directly owns 130,474 shares in the company, valued at $2,409,854.78. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 11.47% of the stock is owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in MXL. Fox Run Management L.L.C. purchased a new stake in MaxLinear in the 2nd quarter valued at $161,000. Envestnet Asset Management Inc. raised its position in MaxLinear by 62.1% in the 1st quarter. Envestnet Asset Management Inc. now owns 7,599 shares of the semiconductor company’s stock valued at $173,000 after purchasing an additional 2,911 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in MaxLinear in the 2nd quarter valued at $204,000. OppenheimerFunds Inc. increased its stake in MaxLinear by 29.0% in the 2nd quarter. OppenheimerFunds Inc. now owns 13,990 shares of the semiconductor company’s stock valued at $218,000 after buying an additional 3,146 shares during the period. Finally, Profund Advisors LLC increased its stake in MaxLinear by 34.4% in the 1st quarter. Profund Advisors LLC now owns 12,509 shares of the semiconductor company’s stock valued at $285,000 after buying an additional 3,205 shares during the period. Hedge funds and other institutional investors own 94.89% of the company’s stock.

About MaxLinear

MaxLinear, Inc provides radio-frequency (RF), high-performance analog, and mixed-signal communications systems-on-chip solutions (SoCs) for the connected home, wired and wireless infrastructure, and industrial and multi-market applications worldwide. The company offers range of semiconductor products, such as RF receivers and RF receiver SoCs, wireless infrastructure backhaul RF receivers and modem SoCs, laser modulator drivers, transimpedance amplifiers, clock and data recovery circuits, interface solutions, power management products, and data encryption and compression products.

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Earnings History and Estimates for MaxLinear (NYSE:MXL)

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