MaxLinear Inc (NASDAQ:MXL) has a beta value of 1.95 and has seen 1.13 million shares traded in the last trading session. The company, currently valued at $1.91B, closed the last trade at $23.37 per share which meant it gained $0.15 on the day or 0.65% during that session. The MXL stock price is -50.15% off its 52-week high price of $35.09 and 42.53% above the 52-week low of $13.43. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.16 million shares traded. The 3-month trading volume is 766.14K shares.
MaxLinear Inc (NASDAQ:MXL) trade information
Sporting 0.65% in the green in last session, the stock has traded in the green over the last five days, when the MXL stock price touched $23.37 or saw a rise of 6.48%. Year-to-date, MaxLinear Inc shares have moved -1.68%, while the 5-day performance has seen it change 14.84%. Over the past 30 days, the shares of MaxLinear Inc (NASDAQ:MXL) have changed 11.44%. Short interest in the company has seen 3.59 million shares shorted with days to cover at 5.63.
MaxLinear Inc (MXL) estimates and forecasts
Figures show that MaxLinear Inc shares have underperformed across the wider relevant industry. The company’s shares have gained 7.15% over the past 6 months, with this year growth rate of -102.73%, compared to -11.10% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2024 fiscal year revenue. Growth estimates for the current quarter are -127.00% and -138.20% for the next quarter. Revenue growth from the last financial year stood is estimated to be -31.60%.
10 analysts offering their estimates for the company have set an average revenue estimate of $94.03 million for the current quarter. 10 have an estimated revenue figure of $105.41 million for the next quarter concluding in Jun 2024.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -18.83% over the past 5 years.
MXL Dividends
MaxLinear Inc is expected to release its next earnings report on April 24 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
MaxLinear Inc (NASDAQ:MXL)’s Major holders
Insiders own 6.75% of the company shares, while shares held by institutions stand at 86.06% with a share float percentage of 92.29%. Investors are also buoyed by the number of investors in a company, with MaxLinear Inc having a total of 306 institutions that hold shares in the company. The top two institutional holders are Blackrock Inc. with over 13.53 million shares worth more than $426.9 million. As of Jun 29, 2023, Blackrock Inc. held 23.14% of shares outstanding.
The other major institutional holder is Vanguard Group Inc, with the holding of over 9.48 million shares as of Jun 29, 2023. The firm’s total holdings are worth over $299.31 million and represent 16.22% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are iShares Core S&P Smallcap ETF and Vanguard Total Stock Market Index Fund. As of Sep 29, 2023, the former fund manager holds about 8.52% shares in the company for having 4.98 million shares of worth $110.81 million while later fund manager owns 2.19 million shares of worth $69.2 million as of Jun 29, 2023, which makes it owner of about 3.75% of company’s outstanding stock.
