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Investor Expansion in MaxLinear Inc.
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Overview
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Millrace Asset Group Inc. significantly boosts its ownership in MaxLinear, Inc., acquiring a substantial number of shares. The company's stock performance, with a trading volume of 277,314 shares and a market cap of $1.53 billion, reflects investor interest. MaxLinear reported quarterly earnings with a negative EPS, leading to varied analyst forecasts for the current year.
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How do varied analyst forecasts and the 'Hold' rating affect investor sentiment and trading of MaxLinear shares?
How might Millrace Asset Group Inc.'s increased stake influence MaxLinear's strategic decisions?
What factors could have contributed to MaxLinear's negative EPS and how might this impact its stock value?
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