Roth Capital Starts MaxLinear (MXL) at Buy

Roth Capital initiates coverage on MaxLinear (NYSE: MXL) with a Buy rating and a price target of $17.00.

Analyst Krishna Shankar commented, "We initiate coverage of MaxLinear (MXL) with a Buy rating and $17 target and view MXL as an attractive investment theme leveraged to growth in the connected broadband home and communications/networking infrastructure market. We believe that MXL has a good track record of growth through organic efforts and targeted acquisitions such as Entropic and PHYSpeed. Recently, the company has posted strong results based on robust satellite and cable service demand along with better-than-expected synergies with the Entropic acquisition."

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 $11.66 yesterday.

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