MaxLinear, Inc. [MXL] Stock Forecast

The October CPI report showed a lower-than-expected inflation rate, boosting the market sentiment and sparking a rally across various sectors. However, not all stocks are poised to benefit from positive macroeconomic news.

SiliconMotion has seemingly begun its rebound from lows reached earlier this year. The company is a way to play a rebound in PC and smartphone sales, with a bump perhaps coming from on-device AI.

MaxLinear's Q3 sales and earnings results fell short of Wall Street's targets. The company's forward guidance was also concerning.

MaxLinear, Inc. (NASDAQ:MXL ) Q3 2023 Earnings Conference Call October 25, 2023 4:30 PM ET Company Participants Leslie Green - Investor Relations Kishore Seendripu - Chief Executive Officer Steven Litchfield - Chief Financial Officer and Chief Corporate Strategy Officer Conference Call Participants Tore Svanberg - Stifel Financial Corp. Quinn Bolton - Needham & Company Gary Mobley - Wells Fargo Securities LLC Christopher Rolland - Susquehanna International Group, LLP Ross Seymore - Deutsche Bank David Williams - The Benchmark Company, LLC Karl Ackerman - BNP Paribas Ananda Baruah - Loop Capital Markets Suji Desilva - ROTH MKM Operator Greetings. Welcome to MaxLinear Third Quarter 2023 Earnings Conference Call.

MaxLinear (MXL) came out with quarterly earnings of $0.02 per share, missing the Zacks Consensus Estimate of $0.03 per share. This compares to earnings of $1.05 per share a year ago.

CARLSBAD, Calif.--(BUSINESS WIRE)--MaxLinear announces Q3 2023 earnings conference call to occur on Wednesday, October 25, 2023 at 1:30pm PDT / 4:30pm EDT.

Semiconductor-producing companies are vital to the global economy because most electronic equipment, such as smartphones, vehicles, televisions, refrigerators and medical care devices require the technology. The VanEck Semiconductor ETF (NASDAQ: SMH ) is a popular metric for tracking the industry as a whole.

MaxLinear experienced volatility in its share price after outlining a dismal third quarter outlook and terminating a deal with Silicon Motion Technology Corporation. The company's sales and profits fluctuated, with strong growth and M&A activity in 2020 and through 2022, but a big decline so far this year. The termination of the deal with Silicon Motion has resulted in a legal overhang and uncertainty for investors, making it unattractive to invest in MaxLinear at this time.

The semiconductor sector has been on a tear in 2023, but while giants like Nvidia (NASDAQ: NVDA ) get all the headlines, some hidden gems are still waiting to be discovered. Sure, the bigger players can still climb higher, but the risk-reward ratio tends to favor the small caps in times like these.

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MaxLinear, Inc. is a US stock , located in Carlsbad of Ca and trading under the symbol MXL

9 stock analysts have 9 predictions with a medium analyst target price of $55. The lowest prediction is $45 and the highest is $66

MaxLinear, Inc. stock price is $19.39 today.

Yes, MaxLinear, Inc. is a publicly traded company.