MaxLinear, Cypress Semiconductor Earn Price-Target Hikes

MaxLinear (MXL) and Cypress Semiconductor (CY) got price-target hikes shortly after the two chip companies reached milestones in their stock prices, but the designations didn't do much for shares in trading Thursday.

Needham analyst Quinn Bolton reiterated his buy rating on MaxLinear and raised his price target to 32 from 29. The chip designer hit a record high of 28.42 on Wednesday after it announced a deal to buy fellow fabless semiconductor firm Exar (EXAR).

MaxLinear stock was flat at...

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