MXL INVESTIGATION NEWS: MaxLinear, Inc. (NASDAQ:MXL) is being Investigated for Securities Fraud by BFA Law; Investors with Losses are Notified to Contact the Firm

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 ...