3.74% +0.72

MaxLinear, Inc. (MXL)

Overview News Price History Option Chain Why MXL Down? Discussions Forecast

Why is MaxLinear, Inc. (MXL) Stock down?

We've noticed a 8.61% decline in MaxLinear, Inc. (MXL) stock during the 2024-05-01 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!

26 Oct, 2023:

MaxLinear, Inc. Stock (MXL) dropped by 21.96% from $18.40 to $14.36 in the trading on Thursday October 26, 2023. The reason why MXL stock down today include:

Q3 earnings result: MaxLinear posted sales and earnings performance that fell far short of the market's expectations.MaxLinear reported adjusted earnings per share of $0.02 on sales of $135.5 million. While the average analyst estimate had guided for the company to record adjusted earnings of $0.04 per share on sales of $139.77 million. The disappointment figures are due to weak demand and headwinds stemming from high inventory levels.
Uninspiring guidance: For the Q4, MaxLinear is guiding for sales to come in between $115 million and $135 million. On a sequential basis, the midpoint of its target range suggests a roughly 7.7% sales decline.
Downgrade from the analyst: Roth Capital downgraded the shares to Neutral from Buy following the company's Q3 results which missed estimates.

25 Oct, 2023:

Shares of MaxLinear, Inc (MXL) dropped by 5.50% from $19.47 to $18.40 in the trading on Wednesday, October 25, 2023. The reason why MXL stock down is due to its disappointed third-quarter report, with earnings and revenue both falling short of expectations. The company's revenue of $276.45 million for the quarter missed the Zacks Consensus Estimate by 3.27%, and it was also lower than the previous year's revenue of $285.73 million. MaxLinear has only exceeded consensus revenue estimates once in the last four quarters.

27 Jul, 2023:

MaxLinear, Inc. (MXL) shares dropped nearly 24% to $22.55 in pre-market after the company posted downbeat second-quarter sales and issued weak sales guidance. Additionally, Craig-Hallum downgraded the previous rating for MXL from Buy to Hold.

https://www.benzinga.com/analyst-ratings/upgrades/23/07/33422933/benzingas-top-ratings-upgrades-downgrades-for-july-27-2023

26 Jul, 2023:

MaxLinear, Inc. (MXL) shares dropped 12.91% to $29.61 following a report suggesting China approval of the company's Silicon Motion merger. China's State Administration for Market Regulation finally granted conditional approval earlier today after completing its own anti-monopoly review.

https://www.fool.com/investing/2023/07/26/why-maxlinear-stock-plunged-while-silicon-motion-t/