Marvell Technology Group Ltd. (MRVL) Stock Rating Reaffirmed by BMO Capital Markets

Marco Green
September 2, 2017

The market capitalization of the company is at $8.37 Billion. Next quarter's EPS is estimated at $0.27 with next year's EPS anticipated to be $1.25. It has underperformed by 0.67% the S&P500. The correct version of this story can be viewed at The Beta for the stock stands at 1.09. Creative Planning now owns 7,158 shares of the semiconductor company's stock valued at $109,000 after buying an additional 4,558 shares during the last quarter. Creative Planning increased its position in Marvell Technology Group by 175.3% in the first quarter. Its up 17.39% from 6.61 million shares previously. About shares traded. Versartis Inc (NASDAQ:VSAR) has risen 103.18% since September 1, 2016 and is uptrending. Brandywine Glob Lc holds 0.02% of its portfolio in Marvell Technology Group Ltd. (NASDAQ:MRVL) for 179,284 shares. It has outperformed by 27.69% the S&P500.

MRVL has been the discussion subject of many recent brokerage firm research. Out of 6 Wall Street analysts rating Marvell, 3 give it "Buy", 2 "Sell" rating, while 1 recommend "Hold". $5.38's average target is 57.77% above currents $3.41 stock price. The company was downgraded on Thursday, August 18 by UBS.

Investors sentiment decreased to 1.39 in 2016 Q4. Its up 0.06, from 1.09 in 2016Q3. Shares for $7.00 million were bought by AKKARAJU SRINIVAS. Architects reported 250 shares or 0% of all its holdings. Adirondack Rech Mngmt reported 150,340 shares stake. Over the past full-year, shares have performed 44.44%. Thompson Davis And owns 642 shares or 0.04% of their U.S. portfolio. Carroll Assoc reported 0% of its portfolio in Icahn Enterprises LP (NASDAQ:IEP). Rafferty Asset Ltd Co stated it has 53,731 shares or 0.15% of all its holdings. Bank Of New York Mellon has invested 0% of its portfolio in Versartis Inc (NASDAQ:VSAR). The dividend was $0.060 per share for the quarter or $0.24 annualized. 100 were reported by Cwm Llc. Voya Inv Management Lc reported 98,351 shares stake. Short interest increased 1,393,933 over that timeframe. Its up 0.20, from 1.07 in 2016Q3. Tower Research Capital LLC TRC increased its position in Marvell Technology Group by 1,740.4% in the first quarter. 71 funds opened positions while 95 raised stakes.

The counter witnessed a trading volume of 2.45 million shares versus an average volume of 1.75 million shares during last trading session. South Dakota Council has invested 0.01% in Toro Co (NYSE:TTC). The stock of Marvell Technology Group Ltd. (NASDAQ:MRVL) earned "Outperform" rating by Cowen & Co on Tuesday, September 6.

Marvell Technology Group is a semiconductor provider of application-specific standard products. Utah Retirement reported 73,425 shares. Marvell Technology Group has a 12 month low of $12.03 and a 12 month high of $18.18.

Here are some other firms who have updated their holdings. Proshare Advsrs Ltd holds 0% of its portfolio in Versartis Inc (NASDAQ:VSAR) for 28,022 shares. Alps Advsr holds 0% or 33,437 shares. Bessemer Group invested in 2,000 shares. Achmea Investment Management B.V. acquired a new stake in shares of Marvell Technology Group during the second quarter valued at about $214,000. 7,547K shares changed hands by the end of trading on Thursday. Therefore 36% are positive. Sanmina-SCI Corporation had 20 analyst reports since July 21, 2015 according to SRatingsIntel. Needham maintained the stock with "Buy" rating in Wednesday, November 2 report. The stock of Versartis Inc (NASDAQ:VSAR) earned "Buy" rating by Canaccord Genuity on Friday, May 26. On Tuesday, September 8 the stock rating was downgraded by JP Morgan to "Neutral". BMO Capital Markets now has a $16.00 price objective on the semiconductor company's stock. Pictet Asset Mngmt stated it has 0.01% of its portfolio in Marvell Technology Group Ltd. (NASDAQ:MRVL). BMO Capital Markets maintained Marvell Technology Group Ltd. (NASDAQ:MRVL) rating on Monday, September 14. The firm has "Buy" rating given on Monday, October 31 by Bank of America. On Thursday, August 11 the stock rating was maintained by Citigroup with "Buy". The rating was upgraded by Argus Research to "Buy" on Tuesday, July 28. The stock of Toro Co (NYSE:TTC) has "Neutral" rating given on Monday, May 22 by Longbow.

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