MaxLinear (NASDAQ:MXL) Declares Stock Buyback Plan

MaxLinear (NASDAQ:MXL) declared that its board has initiated a stock buyback program on Monday, November 24th, RTT News reports. The company plans to repurchase $75.00 million in outstanding shares. This repurchase authorization allows the semiconductor company to reacquire up to 5.8% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

MXL has been the subject of several research reports. Stifel Nicolaus set a $23.00 price objective on MaxLinear in a research note on Friday, October 24th. Benchmark reaffirmed a “buy” rating and set a $25.00 price objective on shares of MaxLinear in a research note on Friday, October 24th. Wall Street Zen upgraded shares of MaxLinear from a “hold” rating to a “buy” rating in a report on Saturday, September 20th. Weiss Ratings restated a “sell (d-)” rating on shares of MaxLinear in a report on Wednesday, October 8th. Finally, Williams Trading set a $25.00 price objective on shares of MaxLinear in a research note on Friday, October 24th. Three investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, MaxLinear has an average rating of “Hold” and an average target price of $19.94.

MaxLinear Trading Down 0.1%

MaxLinear stock opened at $15.44 on Thursday. MaxLinear has a 12 month low of $8.35 and a 12 month high of $25.73. The company has a quick ratio of 1.08, a current ratio of 1.55 and a debt-to-equity ratio of 0.27. The stock has a market cap of $1.35 billion, a P/E ratio of -7.39 and a beta of 1.83. The company’s fifty day simple moving average is $15.62 and its 200-day simple moving average is $14.82.

MaxLinear (NASDAQ:MXL) last issued its earnings results on Thursday, October 23rd. The semiconductor company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. MaxLinear had a negative return on equity of 12.74% and a negative net margin of 42.43%.The firm had revenue of $126.46 million for the quarter, compared to the consensus estimate of $124.66 million. During the same quarter in the previous year, the company posted ($0.36) earnings per share. The business’s quarterly revenue was up 56.0% compared to the same quarter last year. MaxLinear has set its Q4 2025 guidance at EPS. As a group, sell-side analysts forecast that MaxLinear will post -0.37 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Daniel A. Artusi sold 20,747 shares of the firm’s stock in a transaction that occurred on Thursday, October 30th. The shares were sold at an average price of $15.39, for a total transaction of $319,296.33. Following the transaction, the director owned 12,141 shares of the company’s stock, valued at approximately $186,849.99. This trade represents a 63.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 7.80% of the company’s stock.

About MaxLinear

MaxLinear, Inc provides communications systems-on-chip solutions worldwide. Its products integrate various portions of a high-speed communication system, including radio frequency, high-performance analog, mixed-signal, digital signal processing, security engines, data compression and networking layers, and power management.