How does MaxLinear Inc. (MXL) change from a tortoise to a hare?

MaxLinear Inc. (NASDAQ: MXL) stock jumped 2.41% on Wednesday to $36.16 against a previous-day closing price of $35.31. With 0.54 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.61 million shares. During the session, the Semiconductors company that operates in wider Technology sector, reached to the highest price of $36.39 whereas the lowest price it dropped to was $34.83. The 52-week range on MXL shows that it touched its highest point at $77.89 and its lowest point at $29.27 during that stretch. It currently has a 1-year price target of $49.00. Beta for the stock currently stands at 1.85.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of MXL was up-trending over the past week, with a rise of 3.23%, but this was up by 11.06% over a month. Three-month performance dropped to -11.15% while six-month performance rose 1.06%. The stock lost -47.08% in the past year, while it has lost -52.04% so far this year. A look at the trailing 12-month EPS for MXL yields 1.51 with Next year EPS estimates of 3.92. For the next quarter, that number is 1.06. This implies an EPS growth rate of 139.10% for this year and -6.97% for next year. EPS is expected to grow by 15.03% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -10.30%.

Float and Shares Shorts:

At present, 78.44 million MXL shares are outstanding with a float of 72.61 million shares on hand for trading. On Oct 13, 2022, short shares totaled 6.92 million, which was 8.83% higher than short shares on Sep 14, 2022. In addition to Dr. Kishore Seendripu Ph.D. as the firm’s Co-Founder, Chairman, CEO & Pres, Mr. Steven G. Litchfield serves as its CFO & Chief Corp. Strategy Officer.

Institutional Ownership:

Through their ownership of 93.89% of MXL’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 55.58% of MXL, in contrast to 36.65% held by mutual funds. Shares owned by individuals account for 10.62%. As the largest shareholder in MXL with 13.42% of the stake, BlackRock Fund Advisors holds 10,544,321 shares worth 10,544,321. A second-largest stockholder of MXL, The Vanguard Group, Inc., holds 8,755,800 shares, controlling over 11.15% of the firm’s shares. PRIMECAP Management Co. is the third largest shareholder in MXL, holding 3,282,242 shares or 4.18% stake. With a 6.79% stake in MXL, the iShares Core S&P Small Cap ETF is the largest stakeholder. A total of 5,334,883 shares are owned by the mutual fund manager. The Vanguard Total Stock Market Index, which owns about 2.69% of MXL stock, is the second-largest Mutual Fund holder. It holds 2,114,179 shares valued at 65.29 million. PRIMECAP Odyssey Aggressive Growt holds 2.42% of the stake in MXL, owning 1,905,400 shares worth 58.84 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for MXL since 12 analysts follow the stock currently. There are 10 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 1 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With MXL analysts setting a high price target of $60.00 and a low target of $35.00, the average target price over the next 12 months is $49.00. Based on these targets, MXL could surge 65.93% to reach the target high and fall by -3.21% to reach the target low. Reaching the average price target will result in a growth of 35.51% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. MXL will report FY 2022 earnings on 02/08/2023. Analysts have provided yearly estimates in a range of $4.25 being high and $4.19 being low. For MXL, this leads to a yearly average estimate of $4.22. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. MaxLinear Inc. surprised analysts by $0.01 when it reported $1.05 EPS against a consensus estimate of $1.04. The surprise factor in the prior quarter was $0.10. Based on analyst estimates, the high estimate for the next quarter is $1.10 and the low estimate is $1.04. The average estimate for the next quarter is thus $1.06.

Summary of Insider Activity:

Insiders traded MXL stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 114 while that of sell transactions has risen to 112 over the past year. The total number of shares bought during that period was 3,956,128 while 3,612,969 shares were sold.

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