NEW YORK, Aug. 30, 2024 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces an investigation into MaxLinear, Inc. (NASDAQ: MXL) for potential violations of the federal securities laws.
If you invested in MaxLinear, you are encouraged to obtain additional information by visiting https://www.bfalaw.com/cases-investigations/maxlinear-inc.
Why Did MaxLinear’s Stock Drop?
MaxLinear provides integrated radio-frequency analog and mixed-signal semiconductor products for broadband communications applications.
After the market closed on July 24, 2024, MaxLinear announced earnings results for its second quarter of 2024 and that net revenue for the quarter was just $92 million, down 50% year-over-year. The company attributed the decline at least in part to prolonged burn-off of excess customer inventory leading to weakened demand.
The news caused a precipitous decline in the price of MaxLinear stock. The price of the company’s stock closed at $22.29 per share on July 24, 2024. Prior to the market open on July 25, 2024, MaxLinear stock was trading in the range of $16.40 per share, a decline of $5.89 per share, or 26%.
Click here for more information: https://www.bfalaw.com/cases-investigations/maxlinear-inc.
What Can You Do?
If you invested in MaxLinear, Inc. you may have legal options and are encouraged to submit your information to the firm. All representation is on a contingency fee basis, there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses.
Submit your information by visiting:
https://www.bfalaw.com/cases-investigations/maxlinear-inc
Or contact:
Ross Shikowitz
ross@bfalaw.com
212-789-3619
Why Bleichmar Fonti & Auld LLP?
Bleichmar Fonti & Auld LLP is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It was named among the Top 5 plaintiff law firms by ISS SCAS in 2023 and its attorneys have been named Titans of the Plaintiffs’ Bar by Law360 and SuperLawyers by Thompson Reuters. Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.’s Board of Directors (pending court approval), as well as $420 million from Teva Pharmaceutical Ind. Ltd.
For more information about BFA and its attorneys, please visit https://www.bfalaw.com.
https://www.bfalaw.com/cases-investigations/maxlinear-inc
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