May 13, 2017


We feel BEARISH on the markets.

“It’s waiting that helps you as an investor, and a lot of people just can’t stand to wait.” – Charlie Munger
MXL (ISIN: US57776J1)

MaxLinear is a provider of radio frequency (RF) and mixed-signal integrated circuits for cable and satellite broadband communications and the connected home, and wired and wireless infrastructure markets. The Company's RF receiver products capture and process digital and analog broadband signals to be decoded for various applications. These products include both RF receivers and RF receiver systems-on-chip (SoCs), which incorporate its radio system architecture and the functionality necessary to receive and demodulate broadband signals, modem solutions, and physical medium devices that provide a constant current source, current-to-voltage regulation, and data alignment and retiming functionality in optical interconnect applications.

Market: NYSE

Gain over the last quarter: +10.1 % 

Fair value: $ 48
Discount: 10%
Average yearly return: 49%,
Yield: N/A

On May 9, 2017
MXL delivered First Quarter 2017 Revenue of $88.8 Million,
Operating Cash Flow of $22.7 Million, GAAP Diluted Earnings per Share of $0.12,
and Non-GAAP Diluted Earnings per Share of $0.33