Stifel Raises Price Target on MaxLinear, Inc. (MXL)

MaxLinear, Inc. (NASDAQ:MXL) is among the 10 Best Under-the-Radar Stocks to Invest In.

On June 29, Stifel raised its price target on MaxLinear, Inc. (NASDAQ:MXL) to $110 from $105. The firm maintained a “Buy” rating on the shares after meeting with the company’s management, including its CEO and CFO. Analyst Tore Svanberg said management outlined a strategy centered on growing MaxLinear’s data center portfolio. The firm reaffirmed its long-term objective of building a $3 billion infrastructure business.

On June 3, MaxLinear, Inc. (NASDAQ:MXL) and Los Alamos National Laboratory announced a collaboration to develop “hardware-accelerated” OpenZFS storage for high-performance computing environments.

Senior Director for Computing Technologies at the laboratory, Gary Grider, said the collaboration showed hardware-offloaded ZFS operations, delivering approximately 39 times faster write speeds and 7 times faster read speeds.

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Vikas Choudhary, MaxLinear’s Executive Vice President of Connectivity and Storage, said the Panther Storage Accelerators provide hardware-accelerated data compression, protection, and scalable storage. It also preserves ZFS data integrity.

MaxLinear, Inc. (NASDAQ:MXL) works in the provision of communications systems-on-chip solutions used in broadband, mobile, and wireline infrastructure, data center, and industrial and multi-market applications.

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