MaxLinear, Inc. (MXL) - NYSE
  • Thu, Mar. 24, 12:27 PM
    • MaxLinear (MXL -4.8%) is selling off after Microsemi, historically a rival in the telecom infrastructure chip market, announced it's selling its RF/microwave, embedded security, and custom microelectronics businesses to embedded processing system maker Mercury Systems for $300M.
    • Mercury declared the deal "nearly doubles the size of our RF and Microwave business, adding new capabilities, scale and synergies." TheFly observes MaxLinear recently stated in a recent presentation (.pdf) its "Infrastructure & Other" business, for which Microsemi and several others are named rivals, only accounts for 8%-10% of its revenue (see page 13). However, the company also suggested the business has stronger growth prospects than its other segments, and is a priority area for investments.
    | Thu, Mar. 24, 12:27 PM | 4 Comments
  • Mon, Feb. 8, 5:41 PM
    • Top gainers, as of 5.25 p.m.: MMP +13.2%. SSNI +13.1%. CSAL +6.3%. MXL +5.4%. MPEL +4.2%.
    • Top losers, as of 5.25p.m.: DRD -14.2%. CHK -7.2%. QLYS -6.0%. FOXA -4.4%. AEO -3.4%.
    | Mon, Feb. 8, 5:41 PM | 9 Comments
  • Nov. 4, 2015, 12:44 PM
    | Nov. 4, 2015, 12:44 PM | 1 Comment
  • Nov. 3, 2015, 5:38 PM
    • Top gainers, as of 5.25 p.m.: TSLA +10.5%. DPLO +10.5%. ZEN +9.3%. CHUY +8.3%. MXL +7.7%.
    • Top losers, as of 5.25p.m.: ENPH -19.0%. QUAD -14.0%. CLLS -11.9%. DSW -11.4%. X -9.7%.
    | Nov. 3, 2015, 5:38 PM | 21 Comments
  • Sep. 16, 2015, 12:45 PM
    | Sep. 16, 2015, 12:45 PM | 1 Comment
  • Jun. 9, 2015, 11:52 AM
    • With its $287M acquisition of home networking/satellite antenna IC vendor Entropic on the books as of April 30, MaxLinear (NYSE:MXL) expects Q2 revenue of $68M-$72M and net income (non-GAAP) of $12M.2H15 revenue and net income are respectively expected to total $175M-$185M and $36M.
    • CEO Kishore Seendripu: "We are seeing strong follow-through of demand across the range of our expanded technology and market-leading broadband data and video product portfolio. This demand is being primarily driven by tier-one operators across the globe, who continue to invest in higher-bandwidth and richer multimedia content delivery platforms."
    • He adds MaxLinear has "made substantial progress towards achieving our target of $20 million in operating cost synergies."
    • Shares have jumped to new 52-week highs. William Blair and Deutsche have responded to the guidance with positive notes. Blair: "[T]he operating expense synergies achieved to this point are significantly better than expected, and we be lieve there are still more to come ... we remain bullish n MaxLinear's prospects as we progress through 2015 given the company's competitive advantage and multiple product cycle tailwinds."
    | Jun. 9, 2015, 11:52 AM
  • Jun. 9, 2015, 9:17 AM
    | Jun. 9, 2015, 9:17 AM | 5 Comments
  • Jun. 8, 2015, 9:16 AM
    | Jun. 8, 2015, 9:16 AM | 8 Comments
  • May 18, 2015, 2:10 PM
    • Many chip stocks are turning in healthy gains amid a 0.7% gain for the Nasdaq after the NY Post reported Altera (up 6.2%) has resumed buyout talks with Intel.
    • Also possibly helping: China's big-3 carriers have announced major data tariff cuts. Brean has argued the cuts are a positive for RF chipmakers Skyworks (SWKS +5.7%), Qorvo (QRVO +4.2%), and Avago (AVGO +1.9%); the companies benefit from rising 4G phone sales.
    • Aside from the aforementioned companies, today's gainers include Synaptics (SYNA +4.8%), Himax (HIMX +2.3%), and Silicon Motion (SIMO +2.3%), each of whom also has Chinese mobile exposure. Other winners include Atmel (ATML +3.7%), Microsemi (MSCC +2.6%), InPhi (IPHI +2%), Intersil (ISIL +2.5%), Silicon Labs (SLAB +2.5%), IDT (IDTI +2.3%), and MaxLinear (MXL +3.5%).
    • Chip ETFs: SOXX, SMH, XSD, PSI, SOXL, USD, SOXS, SSG
    | May 18, 2015, 2:10 PM | 1 Comment
  • Feb. 3, 2015, 5:37 PM
    • Top gainers, as of 5:15 p.m.: ENTR +7.8%. MXL +5.6%. CRMD +5.0%. DWTI +4.7%. TTWO +4.6%.
    • Top losers, as of 5:15 p.m.: MYGN -15.4%. PLNR -8.5%. BC -8.4%. CMG -6.9%. WTW -5.8%.
    | Feb. 3, 2015, 5:37 PM | 3 Comments
  • Feb. 3, 2015, 4:45 PM
    • Broadband/consumer electronics RF chipmaker MaxLinear (NYSE:MXL) is acquiring satellite/home networking chipmaker Entropic (NASDAQ:ENTR) for $287M ($181M net of cash). The price is equal to $3.01/share, representing an 11% premium to Entropic's Tuesday close.
    • Entropic shareholders will get $1.20/share in cash and 0.22 MaxLinear shares for each share they own. They'll own 35% of the post-merger company.
    • MaxLinear: "The acquisition will add significant scale to MaxLinear's analog/mixed-signal business, expanding its addressable market and enhancing the strategic value of MaxLinear's offerings ... MaxLinear sees immediate cross-selling opportunities and longer-term platform integration opportunities with Entropic's leading MoCA [home networking] technology."
    • The company also highlights Entropic's portfolio of 1.5K patents and patent applications. $20M/year in cost synergies are expected in year 1; the deal is expected to close in Q2.
    • Separately, MaxLinear is affirming its Q4 revenue guidance (earnings arrive on Feb. 9), and guiding for FQ1 revenue of $34M-$35M, above a $33.7M consensus. Entropic, which has been struggling in recent quarters, has just posted a slight Q4 beat and guided for Q1 revenue of $45M-$46M, above a $40M consensus.
    • MXL +3.6% AH. The chip industry has been rapidly consolidating over the last 18 months.
    | Feb. 3, 2015, 4:45 PM | 1 Comment
  • Dec. 29, 2014, 8:05 AM
    • Needham Quinn Bolton is turning more cautious on chip stocks following a blistering 2014: Skyworks (NASDAQ:SWKS), RF Micro (NASDAQ:RFMD), TriQuint (NASDAQ:TQNT), Cavium (NASDAQ:CAVM), M/A-COM (NASDAQ:MTSI), and MaxLinear (NYSE:MXL) have been downgraded to Hold, and Ambarella (NASDAQ:AMBA) downgraded to Underperform.
    • Bolton often cites valuation. Regarding Skyworks, he notes shares are "up 161% YTD in 2014, vs. 30.3% for the SOX Index and 15.1% for the NASDAQ Composite, and trading above [Needham's] prior price target of $70, or 14x our CY16E non-GAAP EPS estimate."
    • Likewise, Bolton notes RF Micro and TriQuint, who will be jointly known as Qorvo starting on Jan. 1, have exceeded his respective targets of $16.50 and $27.50 (12x 2016E EPS), and would prefer to see if a buying opportunity emerges in 1H15. Cavium is trading above Needham's $58 target (based on a DCF valuation model).
    • Regarding Ambarella, he cites not only valuation, but also a belief the video processor vendor could underperform in 2015 due to slowing revenue growth, gross margin pressure, and price pressure from top customer GoPro. "A more challenging cable outlook and a push-out in the ramp of its satellite gateway and ODU opportunities" are cited as reasons for downgrading MaxLinear.
    • SWKS -1.2% premarket. RFMD -1.1%. TQNT -1.9%. AMBA -3.5%.
    • Last Friday: Chip industry growth expected to slow following strong 2014
    • Bullish opinions: Brean, Rosenblatt
    | Dec. 29, 2014, 8:05 AM | 16 Comments
  • Sep. 9, 2014, 12:46 PM
    | Sep. 9, 2014, 12:46 PM
  • May 1, 2014, 12:48 PM
    | May 1, 2014, 12:48 PM
  • Oct. 7, 2013, 9:26 AM
    • BlackBerry (BBRY) has been upgraded to Neutral by Macquarie following a weekend report indicating the company is in talks to sell part or all of the company to Cisco, Google, SAP, and others. Shares +4% premarket.
    • IBM and Informatica (INFA) have been cut to Equal Weight by Barclays. IBM -1.4%.
    • Twitter (TWTR) has been started with a Buy and $50 PT by SunTrust ahead of its IPO. The PT implies a $25B valuation.
    • Infosys (INFY) has been upgraded to Buy by BNP Paribas.
    • MaxLinear (MXL) has been upgraded to Outperform by JMP following news the chipmaker has settled its patent dispute with Silicon Labs.
    • Citrix (CTXS) has been upgraded to Overweight by Barclays.
    • Splunk (SPLK) has received a two-notch downgrade to Underperform by Credit Agricole. Needham cut shares to Hold last week. Shares -2.3%.
    • PT Telekomunikasi Indonesia (TLK) has been cut to Neutral by Credit Suisse.
    | Oct. 7, 2013, 9:26 AM | 1 Comment
  • Feb. 5, 2013, 5:17 PM
    MaxLinear (MXL): Q4 EPS of $0.02 in-line. Revenue of $24.8M (-11% Y/Y) misses by $0.7M. Shares +1.11% AH. (PR)
    | Feb. 5, 2013, 5:17 PM
Company Description
MaxLinear, Inc. provides radio-frequency analog and mixed-signal semiconductor solutions for broadband communications applications. It provides integrated, radio-frequency analog and mixed signal semiconductor solutions for broadband communications applications. The company's radio-frequency... More
Sector: Technology
Industry: Semiconductor Equipment & Materials
Country: United States