Media coverage about MaxLinear (NYSE:MXL) has trended somewhat positive recently, according to Accern. The research group scores the sentiment of press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. MaxLinear earned a coverage optimism score of 0.14 on Accern’s scale. Accern also assigned press coverage about the semiconductor company an impact score of 46.1474171013991 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the media headlines that may have impacted Accern’s scoring:
- MaxLinear : Full Duplex DOCSIS® Technology Enables Symmetrical Multi-Gigabit Internet Speeds (4-traders.com)
- Cadence Design Systems, Inc. (CDNS) is at $37.45 per share and MaxLinear, Inc. (MXL) is listed at $22.60 – Stocks Gallery (stocksgallery.com)
- MaxLinear In A Challenging Transition, But The Upside Is Interesting – Seeking Alpha (seekingalpha.com)
- MaxLinear’s Full Duplex DOCSIS® Technology Enables Symmetrical Multi-Gigabit Internet Speeds (finance.yahoo.com)
- MaxLinear Launches Industry-First Integrated ATSC Tuner-Demodulator ICs for Cost-Effective Cord-Cutter Products (finance.yahoo.com)
MaxLinear (NYSE MXL) traded up 2.56% during midday trading on Friday, reaching $23.21. 2,107,574 shares of the company were exchanged. MaxLinear has a 52-week low of $18.26 and a 52-week high of $32.47. The company has a 50 day moving average of $22.58 and a 200-day moving average of $26.83. The company has a market capitalization of $1.54 billion, a price-to-earnings ratio of 42.20 and a beta of 0.61.
MaxLinear (NYSE:MXL) last released its quarterly earnings data on Tuesday, August 8th. The semiconductor company reported $0.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.04. The firm had revenue of $104.18 million during the quarter, compared to analysts’ expectations of $107.77 million. MaxLinear had a return on equity of 22.29% and a net margin of 9.95%. MaxLinear’s revenue was up 2.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.50 earnings per share. On average, equities research analysts anticipate that MaxLinear will post $1.39 earnings per share for the current fiscal year.
A number of equities research analysts recently issued reports on MXL shares. Deutsche Bank AG dropped their price target on shares of MaxLinear from $32.00 to $30.00 and set a “buy” rating on the stock in a research note on Wednesday, August 9th. Roth Capital dropped their price target on shares of MaxLinear from $38.00 to $33.50 and set a “buy” rating on the stock in a research note on Wednesday, August 9th. Stifel Nicolaus dropped their price target on shares of MaxLinear from $34.00 to $33.00 and set a “buy” rating on the stock in a research note on Wednesday, August 9th. Needham & Company LLC dropped their price target on shares of MaxLinear from $34.00 to $32.00 and set a “buy” rating on the stock in a research note on Monday, July 17th. Finally, TheStreet cut shares of MaxLinear from a “b” rating to a “c+” rating in a research note on Thursday, August 10th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $31.36.
MaxLinear, Inc is a provider of radio frequency (RF) and mixed-signal integrated circuits for cable and satellite broadband communications and the connected home, and wired and wireless infrastructure markets. The Company’s RF receiver products capture and process digital and analog broadband signals to be decoded for various applications.
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