Marvell Technology Group Ltd. (NASDAQ:MRVL) Traded Over Its 50 Day Average

Lawrence Kim
September 14, 2017

Recently analysts working for various investment brokerages have changed their ratings and price targets on shares of Marvell Technology Group Ltd. (NASDAQ:MRVL). The 7 months chart pattern indicates low risk for the $8.73 billion company. It was reported on Sep, 13 by Barchart.com. Currently, the stock has a 1 Year Price Target of $19.52. Cowen & Co maintained Marvell Technology Group Ltd. (NASDAQ:MRVL) on Thursday, August 27 with "Outperform" rating. The Qvt Financial Lp holds 789,576 shares with $10.95M value, down from 1.14 million last quarter. The firm has a market cap of $8.81 billion, a price-to-earnings ratio of 34.11 and a beta of 1.10. The stock rose 1.25% or $0.22 reaching $17.82 per share.

Shares of the company are trading at $17.37 just above the 50 day moving average which is $16.23 and a tad above the 200 day moving average of $16.15.

Equifax Inc. (NYSE:EFX) and Marvell Technology Group Ltd. (NASDAQ:MRVL), both of firms have diverse level of ownership. It has outperformed by 47.84% the S&P500. (NASDAQ:WAFD). Panagora Asset Mngmt holds 499,377 shares. Paloma Prtn owns 81,549 shares. The value in dollars increased from $262,000 to $3,557,000 a change of 1,257.6% since the last quarter. As of the latest earnings report the EPS was $0.52 and is projected to be $1.12 for the current year with 500,816,000 shares now outstanding. It is positive, as 25 investors sold Marvell Technology Group Ltd. shares while 106 reduced holdings.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. As of the end of the quarter AHL Partners LLP had bought a total of 198,166 shares growing its position 1,155.2%. The stock decreased 3.01% or $0.24 on September 8, reaching $7.74. Ameriprise Finance holds 884,151 shares. Clinton Grp owns 8,695 shares or 0.02% of their U.S. portfolio. Lyon Street Ltd Llc reported 0.77% of its portfolio in Marvell Technology Group Ltd. (NASDAQ:MRVL). Dynamic Technology Lab Private Ltd grew its holdings in shares of Marvell Technology Group by 18.2% in the 1st quarter. Pnc Svcs Group Inc holds 1,502 shares or 0% of its portfolio. Allianz Asset Mngmt Ag invested 0.03% in Marvell Technology Group Ltd. (NASDAQ:MRVL).

13d Management LLC downsized its position by selling 35,771 shares a decrease of 3.7% in the quarter. It also upped Global Pmts Inc (NYSE:GPN) stake by 51,886 shares and now owns 71,628 shares. 789,576 are owned by Qvt Financial Lp. Susquehanna upgraded Marvell Technology Group Ltd. (NASDAQ:MRVL) on Friday, November 18 to "Positive" rating.

Shares of Marvell Technology Group (MRVL) opened at 17.60 on Wednesday. Therefore 52% are positive. Home Bancshares Inc. had 23 analyst reports since July 20, 2015 according to SRatingsIntel. The firm has "Market Perform" rating given on Monday, September 14 by BMO Capital Markets. The firm earned "Neutral" rating on Tuesday, July 26 by Citigroup. The stock has "Buy" rating by Zacks on Thursday, August 27. On Monday, August 21 the stock rating was maintained by RBC Capital Markets with "Buy". The rating was maintained by Cowen & Co on Tuesday, June 13 with "Buy". The stock of Home Bancshares Inc (NASDAQ:HOMB) has "Buy" rating given on Thursday, July 20 by Keefe Bruyette & Woods. It is down 64.54% since September 11, 2016 and is uptrending. On Friday, August 25 the stock rating was maintained by Jefferies with "Hold". Lately?" published on August 24, 2017 as well as Investorplace.com's news article titled: "Barrick Gold Corp (USA) (ABX) Stock Is the Best Gold Miner You Can Buy" with publication date: "August 23, 2017.

Investors sentiment increased to 1.15 in Q4 2016. Its down 0.14, from 0.92 in 2016Q3. Barclays Capital upgraded the shares of United Nations in report on Friday, March 24 to "Overweight" rating. 24 funds opened positions while 47 raised stakes. Point72 Asia (Hong Kong) Limited reported 2,337 shares.

The Coca-Cola Company (KO) remained successful in beating the consensus-estimated $0.57 as it actually earned $0.59 per share in its last reported financial results. Invesco Limited holds 447,880 shares or 0% of its portfolio. (NYSE:NLY) for 160,676 shares.

The difference of 52 week low value as well as 52 week high value and the current price of the stock suggests the next move of the shares. (NYSE:NLY). Glg Limited Company reported 0.03% of its portfolio in Annaly Capital Management, Inc. Asset Management stated it has 32,568 shares. Zweig accumulated 0.18% or 180,864 shares. Greenwood Cap Assoc Ltd stated it has 13,415 shares or 0.05% of all its holdings. Highlander Mgmt Ltd has invested 0.04% of its portfolio in Washington Federal Inc. (NYSE:NLY). Mraz Amerine Incorporated holds 36,100 shares. Dimensional Fund Advsr Lp has invested 0.05% in Hub Group Inc (NASDAQ:HUBG). (NASDAQ:WAFD). Moreover, Alliancebernstein Limited Partnership has 0% invested in Washington Federal Inc. The dividend payment was $0.060 per share for the quarter which is $0.24 annualized. Hub Group had 26 analyst reports since August 18, 2015 according to SRatingsIntel. Standpoint Research downgraded the shares of MRVL in report on Wednesday, April 6 to "Hold" rating. Credit Suisse upgraded the stock to "Neutral" rating in Tuesday, December 8 report. Deutsche Bank maintained Annaly Capital Management, Inc. Bernstein initiated Unilever NV (ADR) (NYSE:UN) on Monday, August 22 with "Outperform" rating.

Other reports by Click Lancashire

Discuss This Article

FOLLOW OUR NEWSPAPER