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MaxLinear Inc (MXL)



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Upturn Advisory Summary
03/20/2025: MXL (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type Stock | Historic Profit -67.09% | Avg. Invested days 23 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 1.03B USD | Price to earnings Ratio - | 1Y Target Price 22.45 |
Price to earnings Ratio - | 1Y Target Price 22.45 | ||
Volume (30-day avg) 1743569 | Beta 1.76 | 52 Weeks Range 10.21 - 26.59 | Updated Date 04/2/2025 |
52 Weeks Range 10.21 - 26.59 | Updated Date 04/2/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -2.93 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin -68.01% | Operating Margin (TTM) -41.36% |
Management Effectiveness
Return on Assets (TTM) -10.85% | Return on Equity (TTM) -40.78% |
Valuation
Trailing PE - | Forward PE 39.53 | Enterprise Value 1016767043 | Price to Sales(TTM) 2.86 |
Enterprise Value 1016767043 | Price to Sales(TTM) 2.86 | ||
Enterprise Value to Revenue 2.82 | Enterprise Value to EBITDA 12.27 | Shares Outstanding 84633600 | Shares Floating 78614427 |
Shares Outstanding 84633600 | Shares Floating 78614427 | ||
Percent Insiders 5.61 | Percent Institutions 85.59 |
Analyst Ratings
Rating 3.73 | Target Price 20.35 | Buy - | Strong Buy 4 |
Buy - | Strong Buy 4 | ||
Hold 7 | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
MaxLinear Inc

Company Overview
History and Background
MaxLinear, Inc. was founded in 2003. Initially focused on broadband communications, it expanded through acquisitions into connectivity and infrastructure markets. It has grown from a fabless IC provider for cable and satellite broadband to a supplier of connectivity products in data centers.
Core Business Areas
- Broadband: Designs and markets radio frequency (RF) and mixed-signal integrated circuits (ICs) for broadband communications, including cable modems, set-top boxes, and gateways.
- Connectivity: Develops high-speed interconnect solutions for data centers and other infrastructure applications, including Ethernet transceivers and SerDes solutions.
- Infrastructure: Provides components for wireless infrastructure and industrial applications.
Leadership and Structure
Kishore Seendripu serves as Chairman and CEO. The company operates with a functional organizational structure, comprised of engineering, sales, marketing, and operations departments.
Top Products and Market Share
Key Offerings
- Broadband Front-End ICs: RF receivers and transceivers for cable modems and set-top boxes. Market share is estimated to be substantial within the cable modem segment (around 30% estimated). Competitors include Broadcom, Qorvo, and MediaTek.
- High-Speed Interconnect: Ethernet transceivers, SerDes (Serializer/Deserializer) solutions, and optical modules. Estimated market share around 15% (estimate) and growing within data center connectivity. Competitors include Marvell, Broadcom, and Intel.
- Wireless Backhaul: Components used in wireless base stations for signal processing and amplification. Market share is relatively small but growing in certain specialized segments. Competitors include Analog Devices, Qualcomm, and Ericsson (for integrated solutions).
Market Dynamics
Industry Overview
The semiconductor industry is cyclical and competitive. Growth is driven by increasing demand for bandwidth, data processing, and connectivity, especially in data centers, telecom, and consumer electronics.
Positioning
MaxLinear is positioned as a provider of mixed-signal and RF solutions with a focus on high-performance, low-power products. Their competitive advantage comes from their integration capabilities and technology in the connectivity spaces.
Total Addressable Market (TAM)
The total addressable market is in the billions of USD, spanning broadband, data center connectivity, and wireless infrastructure. MaxLinear is focused on specific segments within these larger markets, aiming for leadership in those areas.
Upturn SWOT Analysis
Strengths
- Strong technology in mixed-signal and RF design
- Diverse product portfolio
- Strategic acquisitions to expand market reach
- Experienced management team
- Good customer relationships with tier 1 service providers
Weaknesses
- Reliance on a few key customers
- Exposure to cyclical downturns in the semiconductor industry
- Integration risks associated with acquisitions
- High R&D expenditure
- Debt after significant acquisitions.
Opportunities
- Growth in data center connectivity driven by AI.
- Expansion of 5G and wireless infrastructure
- Increasing demand for broadband services
- Growing market for low-power, high-performance ICs
- New market entries into adjacent areas.
Threats
- Intense competition from larger semiconductor companies
- Rapid technological changes
- Economic slowdowns impacting demand for semiconductors
- Supply chain disruptions
- Geopolitical risks impacting trade and manufacturing.
Competitors and Market Share
Key Competitors
- BRCM
- MRVL
- QCOM
Competitive Landscape
MaxLinear competes with larger companies like Broadcom and Marvell. It has advantages in specific niches but faces challenges in scale and breadth of product offerings.
Major Acquisitions
Intel's Home Gateway Platform Business
- Year: 2020
- Acquisition Price (USD millions): 150
- Strategic Rationale: Expanded MaxLinear's broadband gateway product offerings and customer base.
Gennum Corporation
- Year: 2012
- Acquisition Price (USD millions): 123
- Strategic Rationale: Enhanced MaxLinear's capabilities in high-speed analog and mixed-signal technologies.
Growth Trajectory and Initiatives
Historical Growth: MaxLinear has experienced significant growth through acquisitions and organic expansion into new markets.
Future Projections: Analysts project continued growth in revenue and earnings driven by data center and broadband opportunities. Growth rates depend on economic conditions and market acceptance of new products.
Recent Initiatives: Recent initiatives include developing new connectivity solutions for data centers and expanding into new geographic markets.
Summary
MaxLinear is a mixed-signal semiconductor company with a strong focus on broadband and data center connectivity. It shows good technology, but also relies on a few key customers and has significant debt. Its strengths lie in niche markets and expanding its portfolio through strategic acquisitions. Economic downturns and intense competition remain key risks for MaxLinear.
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Sources and Disclaimers
Data Sources:
- Company filings (SEC)
- Analyst reports (various firms)
- Industry publications (e.g., Gartner, IDC)
- Company website and press releases
- Estimate market sizes
Disclaimers:
This analysis is based on available data and estimates. It is not financial advice. Actual results may vary.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About MaxLinear Inc
Exchange NASDAQ | Headquaters Carlsbad, CA, United States | ||
IPO Launch date 2010-03-24 | Co-Founder, Chairman, CEO & President Dr. Kishore Seendripu Ph.D. | ||
Sector Technology | Industry Semiconductors | Full time employees 1294 | Website https://www.maxlinear.com |
Full time employees 1294 | Website https://www.maxlinear.com |
MaxLinear, Inc. provides communications systems-on-chip solutions in the United States, Asia, Europe, and internationally. Its products integrate various portions of a high-speed communication system, including radio frequency, high-performance analog, mixed-signal, digital signal processing, security engines, data compression and networking layers, and power management. The company's products are used in various electronic devices, such as radio transceivers and modems for 4G/5G base-station and backhaul infrastructure; optical transceivers targeting hyperscale data centers; Wi-Fi and wireline routers for home networking; broadband modems compliant with data over cable service interface specifications, passive optical fiber standards, and digital subscriber line, as well as power management and interface products. It serves electronics distributors, module makers, original equipment manufacturers, and original design manufacturers through a direct sales force, third-party sales representatives, and a network of distributors. The company was incorporated in 2003 and is headquartered in Carlsbad, California.
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