MaxLinear price target lowered to $11 from $21 at Roth Capital

Roth Capital analyst Suji Desilva lowered the firm’s price target on MaxLinear (MXL) to $11 from $21 and keeps a Neutral rating on the shares. The company reported and guided revenue largely in-line with consensus, reflecting ongoing improvement in broadband and connectivity ordering patterns, the analyst tells investors in a research note. The firm is “encouraged” by MaxLinear’s expected return to operating profitability this quarter but believes management caution remains around the impact of related tariff uncertainty.