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MXL $74.88

MXL target price
74.88
0
0
MaxLinear, Inc.
Type
Public
Traded as
  • NYSE: MXL
  • S&P 600 component
Founded 2003
Founder Dr. Kishore Seendripu
Dr. Curtis Ling
Headquarters Carlsbad, California, U.S.
Key people
Kishore Seendripu (Chair, CEO)
Curtis Ling (CTO)
Products Broadband mixed-signal semiconductors
Website www.maxlinear.com

MaxLinear is an American hardware company. Founded in 2003, it provides highly integrated radio-frequency (RF) analog and mixed-signal semiconductor solutions for broadband communications applications. It is a New York Stock Exchange-traded company.

MaxLinear was founded in 2003 in Carlsbad, California by "eight semiconductor industry veterans." Kishore Seendripu was co-founder, and would become chairman, president, and chief executive. Among other companies, in the past Seendripu had worked on the technical staff at Broadcom. Prior to 2009, the majority of the company's revenue was from the sale of its "mobile handset digital television receivers" which contained MaxLinear's digital television RF receiver chips, in Japan. The biggest customers for the product were Panasonic, Murata, and MTC. However, in 2009, the company sold more chips for use in digital set top boxes in Europe, automotive navigation displays, and digital TVs. In 2009, the company shipped 75 million chips to companies such as Panasonic and Sony, with 99 percent of its sales in Asia.

In November 2009, MaxLinear announced it intended to go public. At the time of the IPO, MaxLinear’s venture investors included Mission Ventures in San Diego, U.S. Venture Partners, Battery Ventures and UMC Capital. MaxLinear raised around $35 million in venture capital prior to the IPO, spending around half of it. By the end of 2009, the company had $17.9 million in cash. That year, MaxLinear had $51.4 million in revenue and $4.3 million in profit.

The company held an initial public offering on March 24, 2010 on the New York Stock Exchange (NYSE). under the ticker symbol MXL. Initially the company expected to raise around $43 million with the IPO, with that projection later raised to $90 million after a last-minute increase in share price by the company. Writes the San Diego Union-Tribune, "shares soared 34 percent on their debut. MaxLinear collected about $92 million from the offering, with its shares opening at $14 and peaking at $18.70 on the first day of trading." After the debut, MaxLinear said it planned to use the proceeds for "general corporate purposes," and perhaps for acquiring competitor businesses or products.

By May 2010, the company employed 135 people. In May 2015, MaxLinear acquired Entropic Communications. In April 2016, MaxLinear bought Microsemi's wireless backhaul business, adding about 30 workers to its workforce. In May 2016, MaxLinear announced it would buy Broadcom's "wireless backhaul infrastructure for 80 million in cash," in what was its second acquisition for the year. In the Broadcom deal, MaxLinear took on about 120 additional employees.. On February 8th 2017, Maxlinear announced the acquisition of Marvell Technology Group's G.hn business, for $21.0 million in cash . On March 29, 2017, MaxLinear Inc. announced it would buy Exar Corporation for about $661.6 million cash. The acquisition of Exar Corp for $687 million was completed in May 2017.

As of 2017, MaxLinear is on the Multimedia over Coax Alliance board of directors as well as Arris, Broadcom, Comcast, Cox Communications, DirecTV, Echostar, Intel, and Verizon.

MaxLinear is based in Carlsbad, California, with research and development centers in Irvine, California, China and India. A "fabless" company, it uses outside chipmaking facilities, known as foundries or fabs, to manufacture its chips. By 2010, it used "third-party contractors in Asia for manufacturing and assembly," with all its chips made by United Microelectronics Corporation (UMC) at foundries in Taiwan and Singapore. As of early March 2010, the company had 177 employees, with most in R&D.

MaxLinear sells its products to original equipment manufacturers (OEMs), module makers and original design manufacturers (ODMs). The San Diego Union-Tribune writes that "MaxLinear’s product is very small radio-frequency TV tuner chips — half the size of an individual dial button on the keypad of a cell phone." According to Xconomy, "MaxLinear focuses on designing semiconductor chips that enable people to watch TV on devices with a wireless broadband connection." The "tiny chips" are further described as "high-performance radio frequency (RF) systems-on-a-chip for receiving and processing digital TV broadcasts, digital videos, and broadband data downloads," in order to "enable people to watch TV on a handheld wireless device."

San Diego Union-Tribune writes that the company aims to "take over from bulky 'can' tuners in TVs and other electronics. It plans to get its chips into computers, set-top boxes, mobile phones and in-vehicle video systems." Most of its customers were in Europe and Japan as of 2010, where the chips are used in "analog-to-digital set-top boxes." They are also used in televisions, mobile phones, computers, terrestrial digital and cable set-top boxes, car video systems, DOCSIS 3.0 voice and data cable modems, digital televisions, and netbooks. The company designs its analog and mixed-signal circuits in standard CMOS process technology for low-cost manufacturing.

In April 2013, SES S.A. announced the development by Inverto, Abilis and MaxLinear Inc of a prototype Sat-IP LNB (IP-LNB), which was demonstrated at a conference held at SES' headquarters in Luxembourg. The IP-LNB incorporates eight-channel satellite-to-IP bridging technology to deliver eight concurrent channels via IP unicast or multicast to fixed and portable client devices. As of July 2012, the prototype IP-LNB was being developed into a commercial product.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q3 2022 2022-10-25 Future report Set alerts
Q2 2022 2022-07-27 1.11 1.11
Q1 2022 2022-04-27 1.00 1.00
Q4 2021 2022-02-02 0.86 0.86
Q3 2021 2021-10-27 0.75 0.75
Q2 2021 2021-07-28 0.53 0.53
Q1 2021 2021-04-28 0.55 0.55
Q4 2020 2021-02-03 0.39 0.39
Q3 2020 2020-11-05 0.00 0.00
Q2 2020 2020-07-23 0.09 -0.30

Ratings

2016-07-10 Reiterated Rating Needham & Company LLC Buy $20.00 to $21.00
2016-06-15 Reiterated Rating Deutsche Bank Buy $22.00
2016-06-15 Reiterated Rating Deutsche Bank AG Buy $22.00
2016-05-10 Reiterated Rating Needham & Company LLC Buy
2016-05-10 Reiterated Rating Deutsche Bank Buy
2016-04-14 Reiterated Rating Deutsche Bank Buy $22.00
2016-04-11 Reiterated Rating Stifel Nicolaus Buy $22.00 to $24.00
2016-03-23 Reiterated Rating Deutsche Bank Buy $20.00 to $22.00
2016-02-26 Initiated Coverage Topeka Capital Markets Buy $20.00
2016-02-20 Reiterated Rating William Blair Buy
2016-02-09 Reiterated Rating Deutsche Bank Buy
2016-02-09 Reiterated Rating Needham & Company LLC Buy $19.00
2016-02-09 Boost Price Target Stifel Nicolaus Buy $20.00 to $22.00
2016-02-04 Initiated Coverage Roth Capital Buy
2016-01-12 Reiterated Rating Roth Capital Buy $21.00 to $25.00
2016-01-07 Boost Price Target Maxim Group Buy $18.00 to $19.00
2016-01-07 Reiterated Rating Needham & Company LLC Buy $18.00 to $19.00
2015-11-13 Boost Price Target Stifel Nicolaus $18.00 to $20.00
2015-11-04 Boost Price Target Stifel Nicolaus Buy $16.00 to $18.00
2015-11-04 Reiterated Rating Roth Capital Buy $17.00 to $21.00
2015-11-04 Reiterated Rating Needham & Company LLC Buy $16.00 to $18.00
2015-11-02 Reiterated Rating Deutsche Bank Buy $9.00 to $20.00
2015-11-02 Boost Price Target Benchmark Co. Buy $11.00 to $13.00
2015-10-26 Boost Price Target JMP Securities Market Outperform $15.00 to $18.00
2015-09-30 Initiated Coverage Roth Capital Buy $17.00
2015-09-20 Reiterated Rating William Blair Outperform
2015-09-20 Reiterated Rating Deutsche Bank Buy
2015-09-17 Upgrade Needham & Company LLC Hold to Buy $16.00
2015-08-12 Reiterated Rating Deutsche Bank Buy $18.00
2015-07-13 Boost Price Target JMP Securities Market Outperform $11.00 to $15.00
2015-06-28 Reiterated Rating Deutsche Bank Buy
2015-06-25 Reiterated Rating Stifel Nicolaus Buy $14.00 to $16.00
2015-06-11 Boost Price Target Stifel Nicolaus Buy $14.00 to $16.00
2015-06-09 Upgrade Chardan Capital Neutral to Buy $9.00 to $15.00
2015-06-09 Boost Price Target Benchmark Co. Buy $13.00 to $18.00
2015-06-09 Reiterated Rating Deutsche Bank Buy $14.00 to $18.00
2015-06-03 Reiterated Rating Stifel Nicolaus Buy $14.00 to $16.00
2015-02-10 Reiterated Rating William Blair Outperform
2015-02-10 Boost Price Target Deutsche Bank Buy $9.00 to $14.00
2015-02-10 Boost Price Target JMP Securities Market Outperform $10.00 to $11.00
2015-02-10 Boost Price Target Chardan Capital Neutral $7.50 to $9.00
2015-02-04 Boost Price Target Stifel Nicolaus Buy $11.00 to $13.00
2014-12-29 Downgrade Needham & Company LLC Buy to Hold
2014-10-31 Reiterated Rating Benchmark Co. Buy $13.00 to $11.00
2014-09-12 Lower Price Target Deutsche Bank Buy $13.00 to $10.00
2014-09-09 Reiterated Chardan Capital Markets Neutral $9 to $7.50
2014-09-09 Downgrade Needham & Company LLC Strong-Buy to Buy $14.00 to $10.00
2014-09-09 Lower Price Target Chardan Capital Neutral $9.00 to $7.50
2014-09-09 Lower Price Target Stifel Nicolaus Buy $13.00 to $11.00
2014-08-01 Boost Price Target Deutsche Bank Buy $12.00 to $13.00
2014-02-07 Boost Price Target Needham & Company LLC $12.00 to $14.00
2013-11-01 Reiterated Rating JMP Securities Buy $11.00
2013-11-01 Boost Price Target Stifel Nicolaus Buy $10.00 to $12.00
2013-10-31 Reiterated Rating Deutsche Bank Buy $10.00
2013-10-07 Upgrade JMP Securities Market Perform to Outperform $11.00
2013-09-18 Initiated Coverage Chardan Capital Neutral $8.00
2013-09-06 Initiated The Benchmark Company Buy $11
2012-10-31 Reiterated Needham Strong Buy $10 to $9
2016-07-10 Reiterated Rating Needham & Company LLC Buy $20.00 to $21.00
2016-06-15 Reiterated Rating Deutsche Bank Buy $22.00
2016-06-15 Reiterated Rating Deutsche Bank AG Buy $22.00
2016-05-10 Reiterated Rating Needham & Company LLC Buy
2016-05-10 Reiterated Rating Deutsche Bank Buy

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
LING CURTIS Chief Technical Officer 3.00%  (889796) MXL /
Spice Adam C. VP, Chief Financial Officer 1.17%  (346728) MXL /
REDDY MADHUKAR VP, ICs and RF Systems Enginee 0.82%  (244581) MXL /
WALSH BRENDAN VP, Product Line Marketing 0.53%  (158057) MXL /
SEENDRIPU KISHORE President and CEO 0.39%  (115191) MXL /
Sprague Brian VP & GM, Broadband & Consumer 0.37%  (109588) MXL /
Torgerson William Vice President, Global Sales 0.33%  (98036) MXL /
LaChance Michael J. Vice President, Operations 0.24%  (70445) MXL /
PARDUN THOMAS E 0.22%  (66252) CALX / CAMP / FNSR / MXL / WDC /
MOYER ALBERT J 0.18%  (54708) CAMP / CLCT / MXL / VIRC /
CRADDOCK STEVEN 0.18%  (53752) MXL / SEAC /
DESAI HK 0.17%  (49122) AMCC / MXL / NLST / QLGC /
SCHROCK DONALD E 0.12%  (35486) IDTI / MXL /
Scarpulla Justin VP, Corporate Controller 0.07%  (19725) MXL /
McCarty Dana Vice President, Global Sales 0.06%  (17882) MXL /
Kwong Connie H. Corporate Controller & PAO 0.02%  (7109) MXL /
LOUGHEED JAMES See remarks 0.01%  (3453) EXAR / MXL /