MaxLinear Inc (NASDAQ:MXL)’s traded shares stood at 1.69 million during the last session, with the company’s beta value hitting 1.84. At the close of trading, the stock’s price was $14.85, to imply a decrease of -1.59% or -$0.24 in intraday trading. The MXL share’s 52-week high remains $26.59, putting it -79.06% down since that peak but still an impressive 25.39% since price per share fell to its 52-week low of $11.08. The company has a valuation of $1.25B, with an average of 1.64 million shares in intraday trading volume over the past 10 days and average of 1.37 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for MaxLinear Inc (MXL), translating to a mean rating of 2.18. Of 12 analyst(s) looking at the stock, 0 analyst(s) give MXL a Sell rating. 0 of those analysts rate the stock as Overweight while 4 advise Hold as 8 recommend it as a Buy.
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MaxLinear Inc (NASDAQ:MXL) trade information
After registering a -1.59% downside in the last session, MaxLinear Inc (MXL) has traded red over the past five days. The 5-day price performance for the stock is 4.95%, and -2.94% over 30 days. With these gigs, the year-to-date price performance is -37.53%. Short interest in MaxLinear Inc (NASDAQ:MXL) saw shorts transact 3.74 million shares and set a 3.38 days time to cover.
The extremes give us $15 and $50 for target low and target high price respectively. As such, MXL has been trading -236.7% off suggested target high and -1.01% from its likely low.
MaxLinear Inc (MXL) estimates and forecasts
Looking at statistics comparing MaxLinear Inc share performance against respective industry, we note that the company has underperformed competitors. MaxLinear Inc (MXL) shares are -27.88% down over the last 6 months, with its year-to-date growth rate lower than industry average at -180.91% against -26.00%.
An assessment of the company’s 5-year growth patterns shows that annual earnings shrunk an estimated -18.83% for the past 5-year period. While 2024 is set for a -185.00% return in earnings, projections for the next 5 years are at 12.81% annually.
MXL Dividends
MaxLinear Inc has its next earnings report out on 2025-Jan-29. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
MaxLinear Inc (NASDAQ:MXL)’s Major holders
MaxLinear Inc insiders hold 6.46% of total outstanding shares, with institutional holders owning 86.71% of the shares at 92.70% float percentage. In total, 86.71% institutions holds shares in the company, led by BLACKROCK INC.. As of 2024-06-30, the company held over 12.98 million shares (or 15.7672% of shares), all amounting to roughly $261.5 million.
The next major institution holding the largest number of shares is VANGUARD GROUP INC with 12.08 million shares, or about 14.673% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $243.35 million.
We also have iShares Core S&P Smallcap ETF and Invesco Small Cap Value Fd as the top two Mutual Funds with the largest holdings of the MaxLinear Inc (MXL) shares. Going by data provided on Sep 30, 2024 , iShares Core S&P Smallcap ETF holds roughly 4.85 shares. This is just over 8.30% of the total shares, with a market valuation of $72.02 million. Data from the same date shows that the other fund manager holds a little less at 4.81, or 8.22% of the shares, all valued at about 71.38 million.
