Needham analyst Quinn Bolton has maintained their neutral stance on MXL stock, giving a Hold rating on October 17.
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Quinn Bolton has given his Hold rating due to a combination of factors affecting Maxlinear’s current and future performance. The company reported strong third-quarter results and provided guidance for the fourth quarter that exceeded market expectations, particularly in infrastructure revenue, which is projected to drive growth into 2026. However, the anticipated moderation in broadband growth due to delays in the DOCSIS 4.0 rollout poses a challenge, as significant volume increases are not expected until late 2026 or early 2027.
Another critical factor influencing the Hold rating is the ongoing legal arbitration with Silicon Motion, which introduces uncertainty into the company’s outlook. The resolution of this arbitration, expected in the first half of 2026, could significantly impact Maxlinear’s strategic direction and financial performance. Therefore, while the business shows signs of improvement, the outcome of these uncertainties justifies a cautious approach, resulting in the Hold rating.
According to TipRanks, Bolton is a top 100 analyst with an average return of 36.6% and a 59.41% success rate. Bolton covers the Technology sector, focusing on stocks such as IonQ, Applied Materials, and Super Micro Computer.
In another report released on October 17, Wells Fargo also maintained a Hold rating on the stock with a $18.00 price target.