MaxLinear Inc (NASDAQ: MXL) is -45.96% lower on its value in year-to-date trading and has touched a low of $8.35 and a high of $26.59 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The MXL stock was last observed hovering at around $10.10 in the last trading session, with the day’s gains setting it 0.59%.
Currently trading at $10.69, the stock is 5.89% and -9.64% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.4 million and changing 5.84% at the moment leaves the stock -29.55% off its SMA200. MXL registered -48.58% loss for a year compared to 6-month loss of -29.02%. The firm has a 50-day simple moving average (SMA 50) of $11.8308 and a 200-day simple moving average (SMA200) of $15.17495.
The stock witnessed a -12.31% gain in the last 1 month and extending the period to 3 months gives it a -40.15%, and is 5.42% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.83% over the week and 9.08% over the month.
MaxLinear Inc (MXL) has around 1294 employees, a market worth around $923.30M and $361.19M in sales. Fwd P/E is 13.49. Profit margin for the company is -61.63%. Distance from 52-week low is 28.02% and -59.80% from its 52-week high. The company has generated returns on investments over the last 12 months (-35.22%).
with sales reaching $104.94M over the same period.The EPS is expected to grow by 130.91% this year, but quarterly earnings will post 22.89% year-over-year. Quarterly sales are estimated to grow 14.07% in year-over-year returns.
MaxLinear Inc (MXL) Top Institutional Holders
299.0 institutions hold shares in MaxLinear Inc (MXL), with institutional investors hold 86.95% of the company’s shares. The shares outstanding are 86.37M, and float is at 80.27M with Short Float at 6.68%. Institutions hold 81.13% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 12.98 million shares valued at $261.5 million. The investor’s holdings represent 15.5541% of the MXL Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 12.08 million shares valued at $243.35 million to account for 14.4748 of the shares outstanding. The other top investors are INVESCO LTD. which holds 5.15 million shares representing 6.1745% and valued at over $103.81 million, while STATE STREET CORP holds 4.7014 of the shares totaling 3.92 million with a market value of $79.04 million.
MaxLinear Inc (MXL) Insider Activity
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MaxLinear Inc disclosed in a document filed with the SEC on Dec 13 ’24 that LITCHFIELD STEVEN G sold a total of 32,000 shares of the company’s common stock. The trade occurred on Dec 13 ’24 and was made at $20.35 per share for $0.65 million. Following the transaction, the insider now directly holds 0.37 million shares of the MXL stock.
Still, SEC filings show that on Dec 13 ’24, LITCHFIELD STEVEN G (Officer) Proposed Sale 32,000 shares at an average price of $20.35 for $0.65 million. The insider now directly holds shares of MaxLinear Inc (MXL).
