Shares in Carlsbad chipmaker MaxLinear Inc. were trading in early November at levels not seen in more than five years.
MaxLinear (NYSE: MXL) stock peaked at $17.41 on Nov. 9 before falling last week. Shares closed Nov. 16 at $15.89 — still at a level not seen since 2010.
On Nov. 3, the business reported net income of $1.58 million or 3 cents per share on net revenue of $95.2 million in the third quarter. One year ago, it reported a net loss of $3.21 million or 9 cents per share on net revenue of $32.5 million.
MaxLinear closed its purchase of another San Diego County chipmaker, Entropic Communications, in April.
MaxLinear makes integrated radio frequency and mixed-signal integrated circuits for high-performance broadband and networking communications applications.
Kishore Seendripu is MaxLinear’s CEO.