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Investment Surge in MaxLinear Stock
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Investment Surge in MaxLinear, Inc.
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Overview
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Millrace Asset Group Inc. significantly increases its stake in MaxLinear, Inc., with other institutions following suit. MaxLinear reports quarterly earnings with a negative EPS but positive revenue. Analysts provide a 'Hold' rating with an average target price of $25.18 per share.
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How could the anticipated -0.8 EPS impact investor confidence and market perceptions of MaxLinear?
How might Millrace Asset Group Inc.'s increased stake influence MaxLinear's strategic decisions?
What factors contribute to analysts' 'Hold' rating despite the negative EPS?
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