MaxLinear (MXL Quick QuoteMXL - Free Report) shares soared 5.9% in the last trading session to close at $20.16. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 5% gain over the past four weeks.

MaxLinear benefits from an expanding portfolio. It recently announced the development of its fourth generation 200G/lane PAM4 SERDES (Serializer/Deserializer) and DSP family, Rushmore.

This chipmaker is expected to post quarterly loss of $0.20 per share in its upcoming report, which represents a year-over-year change of -158.8%. Revenues are expected to be $100.02 million, down 45.6% from the year-ago quarter.

While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.

For MaxLinear, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on MXL going forward to see if this recent jump can turn into more strength down the road.

The stock currently carries a Zacks Rank #4 (Sell).

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MaxLinear belongs to the Zacks Semiconductor - Analog and Mixed industry. Another stock from the same industry, MACOM Technology (MTSI Quick QuoteMTSI - Free Report) , closed the last trading session 0.7% higher at $105.77. Over the past month, MTSI has returned 3.5%.

For MACOM, the consensus EPS estimate for the upcoming report has changed -0.3% over the past month to $0.65. This represents a change of +20.4% from what the company reported a year ago. MACOM currently has a Zacks Rank of #4.