Trade-Ideas LLC identified

MaxLinear

(

MXL

) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified MaxLinear as such a stock due to the following factors:

  • MXL has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $28.7 million.
  • MXL has traded 559,542 shares today.
  • MXL is trading at a new lifetime high.

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More details on MXL:

MaxLinear, Inc. provides integrated, radio-frequency (RF) and mixed-signal circuits for broadband communication and data center, metro, and long-haul transport network applications worldwide. Currently there are 7 analysts that rate MaxLinear a buy, no analysts rate it a sell, and none rate it a hold.

The average volume for MaxLinear has been 1.3 million shares per day over the past 30 days. MaxLinear has a market cap of $1.2 billion and is part of the technology sector and electronics industry. The stock has a beta of 0.07 and a short float of 15.1% with 2.66 days to cover. Shares are up 31.8% year-to-date as of the close of trading on Monday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates MaxLinear as a

hold

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. However, as a counter to these strengths, we find that the company's return on equity has been disappointing.

Highlights from the ratings report include:

  • MXL's very impressive revenue growth greatly exceeded the industry average of 3.4%. Since the same quarter one year prior, revenues leaped by 190.1%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • MXL has no debt to speak of therefore resulting in a debt-to-equity ratio of zero, which we consider to be a relatively favorable sign. Along with this, the company maintains a quick ratio of 3.02, which clearly demonstrates the ability to cover short-term cash needs.
  • MAXLINEAR INC reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, MAXLINEAR INC reported poor results of -$0.81 versus -$0.19 in the prior year. This year, the market expects an improvement in earnings ($1.67 versus -$0.81).
  • The gross profit margin for MAXLINEAR INC is rather high; currently it is at 64.81%. Regardless of MXL's high profit margin, it has managed to decrease from the same period last year. Despite the mixed results of the gross profit margin, MXL's net profit margin of 18.61% compares favorably to the industry average.
  • The return on equity has improved slightly when compared to the same quarter one year prior. This can be construed as a modest strength in the organization. Compared to other companies in the Semiconductors & Semiconductor Equipment industry and the overall market, MAXLINEAR INC's return on equity significantly trails that of both the industry average and the S&P 500.

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