MXL INVESTIGATION UPDATE: MaxLinear, Inc. Investors with Losses Urged to Contact BFA Law Regarding Securities Fraud Investigation

Why did MaxLinear’s share price fall?

MaxLinear offers integrated high frequency analog and mixed-signal semiconductor products for broadband communications applications.

After the market closed on July 24, 2024, MaxLinear reported second quarter 2024 results. Net revenue for the quarter was only $92 million, down 50% year over year. The company attributed the decline, at least in part, to the ongoing reduction of excess customer inventory, which resulted in weaker demand.

The news caused a steep decline in MaxLinear stock price. The company’s stock price closed at $22.29 per share on July 24, 2024. Before the market open on July 25, 2024, MaxLinear stock price was in the range of $16.40 per share, a decline of $5.89 per share, or 26%.

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What can you do?

If you have invested in MaxLinear, Inc., you may have legal options. We encourage you to provide your information to the firm. All representations are made on a contingency basis, with no costs to you. Shareholders are not responsible for court or litigation costs. The firm will seek court approval for any fees and costs.

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MaxLinear shares at the time of publication of the news with a decline of -2.14 % up to 12.79EUR on the Tradegate stock exchange (September 17, 2024, 10:26 p.m.).