Marvell Technology Group Ltd. (MRVL) Shares Bought by Xact Kapitalforvaltning AB

Marvell Technology Group Ltd. (MRVL) Stock Rating Lowered by Zacks Investment Research
Marvell Technology Group Ltd. Posted gains of 1.35% in the Last Trade
Author

21 May, 2017

Contour Asset Management Llc owns 9.72 million shares or 9.56% of their USA portfolio.

03/13/2017 - Marvell Technology Group Ltd. had its "hold" rating reiterated by analysts at Jefferies. It has by 0.00% the S&P500. The company has market cap of $175.22 million. The Firm operates through two divisions: Core Companion Animal Health and Other Vaccines, Pharmaceuticals and Products (OVP). It has a 19.36 P/E ratio. High growth rates in EPS are more reliable in the case of "matured companies" which has experienced a complete economic cycle of expansion and contraction, through a bear market phase and a bull run. The semiconductor company reported $0.22 EPS for the quarter, beating analysts' consensus estimates of $0.19 by $0.03. This is assuming the current $0.16 EPS is accurate.

Taking a broader look brokerage firms' analysts on the street with an expectant view have Marvell Tech Group (NASDAQ:MRVL) high price target of $22 and with a conservative view have low price target of $14.5. Moreover, Quantbot Limited Partnership has 0.1% invested in Marvell Technology Group Ltd. (NASDAQ:MRVL). The overall volume in the last trading session was 4.44 million shares, versus the average volume of 3.99 million shares.

Ratings analysis reveals 33% of Heska Corp's analysts are positive. Morgan Stanley increased their price target on shares of Marvell Technology Group to $17.00 in a research report on Friday, March 3rd. The lowest target is $78 while the high is $106.

Additionally on 3/13/17 Needham "Upgrades" Marvell Tech Group (NASDAQ:MRVL) to Buy setting price target at $0 and on 3/01/17 Goldman Sachs "Upgrades" the stock to Neutral at $16. HSKA was included in 6 notes of analysts from August 25, 2015. The company was downgraded on Friday, September 11 by Susquehanna. The stock has relative volume of 1.18. They now have a United States dollars 16 price target on the stock. The stock has "Neutral" rating by Citigroup on Wednesday, August 5.

The number of shares now held by investors is 501.67 Million. Grace & White Inc Ny owns 142,986 shares or 2.2% of their USA portfolio. Nordea Invest Management Ab invested in 358,926 shares.

Viking Fund Management Llc increased Williams Companies Inc. Gsa Capital Ptnrs Llp reported 30,059 shares. Marvell Technology Group earned a media sentiment score of 0.08 on AlphaOne's scale. Its book value per share for the most recent quarter is $7.9 while its price to book ratio for the same period is 2.06, as for as the company's cash per share for the most recent quarter is $3.29, however its price to cash per share ratio for the same period is 4.94. The Company is engaged in the design, development and sale of integrated circuits. It has a 42.77 P/E ratio. The Company develops System-on-a-Chip (SoC) devices. This represents a $0.24 annualized dividend and a yield of 1.60%. UBS Asset Management Americas Inc. raised its stake in Marvell Technology Group by 35.7% in the fourth quarter. 77 funds opened positions while 154 raised stakes.

TRADEMARK VIOLATION WARNING: "Marvell Technology Group Ltd. (MRVL) Shares Bought by Xact Kapitalforvaltning AB" was posted by Markets Daily and is the property of of Markets Daily. Raymond James downgraded the shares of WMB in report on Friday, May 6 to "Market Perform" rating. Finally, Loop Capital restated a "buy" rating and set a $20.00 price objective on shares of Marvell Technology Group in a report on Thursday, March 16th. Kbc Group Nv reported 0.01% of its portfolio in Marvell Technology Group Ltd. (NASDAQ:MRVL). Marvell Technology Group's payout ratio is 114.29%. Boothbay Fund Ltd Liability Co has 0.12% invested in Marvell Technology Group Ltd. (NASDAQ:MRVL) for 26,833 shares. Partner Mgmt LP holds 43,221 shares. Gam Hldg Ag stated it has 21,381 shares or 0.01% of all its holdings. Harvey Partners Ltd Liability Corp owns 100,000 shares or 1.46% of their U.S. portfolio. Prudential Fincl reported 0% in Marvell Technology Group Ltd. (NASDAQ:MRVL). 280,397 were reported by Aviva Pcl. The Return on Investment (ROI) ratio of Marvell Technology Group Ltd. (MRVL) is 0.7 percent. Amalgamated Bancshares holds 0.04% or 14,028 shares in its portfolio.

In terms of Buy, Sell or Hold recommendations, Marvell Tech Group (NASDAQ:MRVL) has analysts' mean recommendation of 2.6. Therefore 41% are positive. Marvell Technology Group has a 12 month low of $9.05 and a 12 month high of $16.72.

Several analysts have commented on MRVL shares.

11/18/2016 - Marvell Technology Group Ltd. had its " rating reiterated by analysts at Brean Capital. The company was maintained on Thursday, December 3 by BNP Paribas.


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