Roth Capital analyst Suji Desilva downgraded MaxLinear to Neutral from Buy and lowered his price target for the shares to $20 from $27. While the company remains positioned for the intermediate-term ramps of wireless infrastructure and connected home, near-term headwinds will impact its outlook, Desilva tells investors in a research note. The analyst believes China infrastructure concerns, a step back in multimedia over coax alliance connectivity demand and continued terrestrial tuner demand softness will limit upside in shares of MaxLinear in the short term. He will look for improving visibility prior to getting more aggressive with the stock.

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