During the recent session, MaxLinear Inc (NASDAQ:MXL)’s traded shares were 0.6 million, with the beta value of the company hitting 1.84. At the last check today, the stock’s price was $14.92, reflecting an intraday gain of 8.19% or $1.13. The 52-week high for the MXL share is $26.59, that puts it down -78.22 from that peak though still a striking 25.74% gain since the share price plummeted to a 52-week low of $11.08. The company’s market capitalization is $1.25B, and the average intraday trading volume over the past 10 days was 0.97 million shares, and the average trade volume was 1.13 million shares over the past three months.
MaxLinear Inc (MXL) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.09. MXL has a Sell rating from 0 analyst(s) out of 12 analysts who have looked at this stock. 4 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 8 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.32.
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MaxLinear Inc (NASDAQ:MXL) trade information
MaxLinear Inc (MXL) registered a 8.19% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 8.19% in intraday trading to $14.92, hitting a weekly high. The stock’s 5-day price performance is 16.93%, and it has moved by 10.85% in 30 days. Based on these gigs, the overall price performance for the year is -35.19%. The short interest in MaxLinear Inc (NASDAQ:MXL) is 3.36 million shares and it means that shorts have 1.9 day(s) to cover.
The consensus price target of analysts on Wall Street is $37.5, which implies an increase of 60.21% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $28 and $50 respectively. As a result, MXL is trading at a discount of -235.12% off the target high and -87.67% off the low.
MaxLinear Inc (MXL) estimates and forecasts
Statistics show that MaxLinear Inc has underperformed its competitors in share price, compared to the industry in which it operates. MaxLinear Inc (MXL) shares have gone down -26.50% during the last six months, with a year-to-date growth rate less than the industry average at -169.09% against -25.90. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -1,700.00% this quarter and then drop -1,100.00% in the quarter after that. In the rating firms’ projections, revenue will decrease -48.60% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 79.87M as predicted by 9 analyst(s). Meanwhile, a consensus of 9 analyst(s) estimates revenue growth to 88.3M by the end of current fiscal year.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -18.83%. While earnings are projected to return -180.45% in 2024, the next five years will return 12.81% per annum.
MXL Dividends
MaxLinear Inc is due to release its next quarterly earnings on 2024-Oct-23. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
MaxLinear Inc (NASDAQ:MXL)’s Major holders
MaxLinear Inc insiders own 6.50% of total outstanding shares while institutional holders control 87.36%, with the float percentage being 93.43%. BLACKROCK INC. is the largest shareholder of the company, while 315.0 institutions own stock in it. As of 2024-06-30, the company held over 12.98 million shares (or 15.7672% of all shares), a total value of $261.5 million in shares.
The next largest institutional holding, with 12.08 million shares, is of VANGUARD GROUP INC’s that is approximately 14.673% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $243.35 million.
Also, the Mutual Funds coming in first place with the largest holdings of MaxLinear Inc (MXL) shares are iShares Core S&P Smallcap ETF and Invesco Small Cap Value Fd. Data provided on Jul 31, 2024 indicates that iShares Core S&P Smallcap ETF owns about 5.0 shares. This amounts to just over 8.55 percent of the company’s overall shares, with a $74.41 million market value. The same data shows that the other fund manager holds slightly less at 4.81, or about 8.22% of the stock, which is worth about $71.57 million.
