UPDATE: Benchmark Initiates Coverage on MaxLinear on Multiple Positive Factors
In a report published Friday, Benchmark Company analyst Gary Mobley initiated coverage on MaxLinear (NYSE: MXL) with a Buy rating and $11.00 price target.
In the report, Benchmark Company noted, “We are initiating coverage of Maxlinear with a Buy rating and $11 price target. Our investment thesis centers on: 1) superior analog and mixed signal design capability that is difficult for others to replicate, 2) products that generate a high gross margin due to high technical barriers to entry, 3) a gradual boost to average selling prices as the cable market moves to full-spectrum capture technology to support higher channel counts, 4) strong revenue growth prospects as the company layers on new served available markets to complement an already-strong market position in DOCSIS 3.0 cable modem integrated circuits and 5) even stronger EPS growth prospects as this relatively small company is able to leverage operating expenses.”
MaxLinear closed on Thursday at $8.41.
Latest Ratings for MXL
|Sep 2015||Roth Capital||Initiates Coverage on||Buy|
|Jul 2015||JMP Securities||Maintains||Market Outperform|
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