MaxLinear (MXL) reported quarterly earnings results on Monday, May-9-2016. The company said it had a profit of $0.47 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.46. The company posted revenue of $102.70 million in the period, compared to analysts expectations of $102.22 million. The company’s revenue was up 190.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.09 EPS.
Many Wall Street Analysts have commented on MaxLinear. Company shares were Reiterated by Stifel on Apr 11, 2016 to “Buy”, Firm has raised the Price Target to $ 24 from a previous price target of $22 .Topeka Capital Markets Initiated MaxLinear on Feb 26, 2016 to “Buy”, Price Target of the shares are set at $20.
MaxLinear opened for trading at $16.35 and hit $16.5699 on the upside on Friday, eventually ending the session at $16.37, with a gain of 0.12% or 0.02 points. The heightened volatility saw the trading volume jump to 13,00,504 shares. Company has a market cap of $1,032 M.
In a different news, on Apr 11, 2016, Curtis Ling (Chief Technical Officer) sold 1,200 shares at $19.01 per share price. According to the SEC, on Mar 11, 2016, Brendan Walsh (VP, Product Line Marketing) sold 12,500 shares at $17.52 per share price. On Nov 23, 2015, Madhukar Reddy (VP, Central Engineering) sold 43,054 shares at $16.26 per share price, according to the Form-4 filing with the securities and exchange commission.
MaxLinear Inc. is a provider of integrated radio-frequency (RF) and mixed-signal integrated circuits for broadband communications and data center metro and long-haul transport network applications. The Company offers semiconductor products such as RF Receivers RF Receiver systems-on-chip (SoCs) Laser Modulator Drivers Transimpedance Amplifiers and Clock and Data Recovery Circuits. The Company’s products receive and process RF and digital signals and enable the display of broadband video and data content in a range of electronic devices including cable and terrestrial and satellite set top boxes data over cable service interface specification (DOCSIS) data and voice gateways hybrid analog and digital televisions satellite low-noise blocker transponders or outdoor units and optical modules for data center metro and long-haul transport network applications.