Canaccord Genuity Maintains a 'Hold' on MaxLinear (MXL); Story Intact Despite Revision

August 3, 2012 10:05 AM EDT
Get Alerts MXL Hot Sheet
Price: $24.66 --0%

Rating Summary:
    8 Buy, 1 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 11 | Down: 8 | New: 3
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Canaccord Genuity maintains a 'Hold' on MaxLinear (NYSE: MXL) price target lowered to $7.00.

Analyst, Jonathan Dorsheimer, said, "A little light on revenue; earnings upside...Ultracap revenue up sequentially...Expectations resetting, shares fairly valued. We continue to believe in the ultracap market, but new high-growth wins such as in transportation are a bit of a missionary sale on COO and thus proving slow to materialize. We believe upside in the near term will likely continue to rely on China wind and hybrids. We are doing more work on these segments and may become more constructive if we can uncover the likelihood of growth beyond current

For an analyst ratings summary and ratings history on MaxLinear click here. For more ratings news on MaxLinear click here.

Shares of MaxLinear closed at $4.59 yesterday.

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