During the last session, MaxLinear Inc (NASDAQ:MXL)’s traded shares were 0.71 million, with the beta value of the company hitting 1.74. At the end of the trading day, the stock’s price was $16.21, reflecting an intraday loss of -1.34% or -$0.22. The 52-week high for the MXL share is $26.59, that puts it down -64.03 from that peak though still a striking 31.65% gain since the share price plummeted to a 52-week low of $11.08. The company’s market capitalization is $1.37B, and the average intraday trading volume over the past 10 days was 2.39 million shares, and the average trade volume was 1.78 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 2.25. 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 -0.05.
MaxLinear Inc (NASDAQ:MXL) trade information
MaxLinear Inc (MXL) registered a -1.34% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -1.34% in intraday trading to $16.21, hitting a weekly high. The stock’s 5-day price performance is -1.52%, and it has moved by -27.34% in 30 days. Based on these gigs, the overall price performance for the year is -12.85%. The short interest in MaxLinear Inc (NASDAQ:MXL) is 4.61 million shares and it means that shorts have 2.06 day(s) to cover.
The consensus price target of analysts on Wall Street is $25, which implies an increase of 35.16% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $25 and $25 respectively. As a result, MXL is trading at a discount of -54.23% off the target high and -54.23% off the low.
MaxLinear Inc (MXL) estimates and forecasts
In the rating firms’ projections, revenue will increase 23.58% 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 95.32M as predicted by 11 analyst(s). Meanwhile, a consensus of 11 analyst(s) estimates revenue growth to 104.22M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 95.27M and 91.99M respectively. In this case, analysts expect current quarter sales to grow by 0.05% and then jump by 13.29% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -59.94%. While earnings are projected to return 141.82% in 2025.
MXL Dividends
MaxLinear Inc is due to release its next quarterly earnings in March. 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 5.70% of total outstanding shares while institutional holders control 78.61%, with the float percentage being 83.36%. BLACKROCK INC. is the largest shareholder of the company, while 295.0 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 Vanguard Total Stock Market Index Fund . Data provided on Nov 30, 2024 indicates that iShares Core S&P Smallcap ETF owns about 4.93 shares. This amounts to just over 8.43 percent of the company’s overall shares, with a $79.86 million market value. The same data shows that the other fund manager holds slightly less at 2.33, or about 3.99% of the stock, which is worth about $37.82 million.
