MaxLinear price target lowered to $42 from $48 at Stifel

Stifel analyst Tore Svanberg lowered the firm’s price target on MaxLinear (MXL) to $42 from $48 and keeps a Buy rating on the shares. While its Q1 revenue results were in-line, its Q2 guidance was "sharply lower," the analyst tells investors. Near-term guidance is currently "disappointing," but its Silicon Motion (SIMO) acquisition remains a primary near-term driver for the shares.