Marvell Technology Group presently has a consensus rating of "Hold" and an average price target of $13.68. The price has fallen in 5 of the last 10 days and is down by -0.32% over the same course of time. Over the last three months, insiders have sold 15,754,429 shares of company stock worth $287,418,990.
Marvell Technology Group Ltd. had its "hold" rating reiterated by analysts at Jefferies. Short-term traders are predicted to see a rally of 21.17% over the course of a quarter and, with 90% chance the price will be floating in the range of $21.36 and $23.85 in this timeframe. Cutler Group LP augmented its stake by buying 1,650 shares an increase of 94.3%. Institutional ownership can eventually exceed 100 percent of float, which means that, in addition to all the available shares, institutions have also bought up all the borrowed shares from short sellers who are betting that the stock will decline. Citigroup downgraded the stock to "Neutral" rating in Wednesday, February 22 report.
On Friday, September 29th, Sehat Sutardja sold 93,895 shares of Marvell Technology Group stock. They now have a Dollars 20 price target on the stock.
Analysts await White Mountains Insurance Group Ltd (NYSE:WTM) to report earnings on November, 1. The shares were sold at an average price of $18.52, for a total transaction of $26,344,700.00. Northern Corp holds 34,949 shares. The shares were sold at an average price of $18.53, for a total transaction of $10,237,825.00. Jefferies maintained the stock with "Hold" rating in Monday, July 10 report. The total value of its holdings decreased 17.6%. The company had a trading volume of 7,750,485 shares.
In the past 5 years, the stock showed growth of -12.28% per annum.
ATR value of the company was 0.30 and Relative Strength Index (RSI) was 64.93.
It is trading at $18.35 a bit higher than $18.05, the 50 day moving average and significantly above the 200 day moving average of $16.59.
Marvell Technology Group (NASDAQ:MRVL) last issued its earnings results on Thursday, August 24th. In the last earnings report the EPS was $0.52 and is estimated to be $1.13 for the current year with 495,799,000 shares now outstanding. The business had revenue of $654 million for the quarter, compared to the consensus estimate of $615.66 million. It is positive, as 27 investors sold Marvell Technology Group Ltd. shares while 103 reduced holdings. After $2.78 actual EPS reported by White Mountains Insurance Group Ltd for the previous quarter, Wall Street now forecasts -213.67% negative EPS growth. During the same quarter in the previous year, the firm earned $0.18 earnings per share.
Shares of Marvell Technology Group (NASDAQ:MRVL) traded down 0.52% during midday trading on Thursday, reaching $13.36.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 26th. The ex-dividend date of this dividend is Friday, October 6th. Oppenheimer Asset Management invested in 0.06% or 2,642 shares. Marvell Technology Group's payout ratio is now 47.06%. Marvell Technology Group's dividend payout ratio is now -480.00%. If you happen to be reading this article on another website, it was stolen and illegally republished in violation of US and worldwide copyright law. Susquehanna maintained Marvell Technology Group Ltd. (NASDAQ:MRVL) on Friday, May 26 with "Buy" rating. Marvell Technology Group has a 12 month low of $12.30 and a 12 month high of $18.72.
Marvell Technology Group Ltd.is a semiconductor provider of application-specific standard products. Cowen and Company reaffirmed a "buy" rating and issued a $21.00 price objective on shares of Marvell Technology Group in a research note on Monday, August 21st. Finally, BlueMountain Capital Management LLC increased its position in Marvell Technology Group by 128.6% in the second quarter. Chicago-based equity research firm Zacks Investment Research has assigned this stock ABR (Average Brokerage Recommendation) of 2.13, suggesting the market has given up on the stock.
05/26/2017 - Marvell Technology Group Ltd. had its "equal weight" rating reiterated by analysts at Morgan Stanley. Renaissance Technologies LLC raised its holdings in Marvell Technology Group by 239.6% in the second quarter. Deere & Co. now owns 114,032 shares of the company's stock valued at $1,087,000 after buying an additional 7,029 shares during the period.
Kingdon Capital Management Llc decreased Antares Pharma Inc (NASDAQ:ATRS) stake by 851,508 shares to 946,987 valued at $3.05M in 2017Q2. Lord Abbett And Communication Ltd Liability Company stated it has 0.01% of its portfolio in Marvell Technology Group Ltd. (NASDAQ:MRVL). Looking at volatility levels, the stock observed volatility of 1.07% in last week and saw volatility 1.55% over the past one month. Institutional ownership is usually beneficial to a stock price initially, but very high institutional ownership has several shortcomings. The original version of this news story can be accessed at https://stocknewstimes.com/2017/10/20/marvell-technology-group-ltd-mrvl-pt-set-at-19-00-by-jefferies-group-llc.html.
Marvell Technology is a leading designer, developer and supplier of mixed-signal and digital signal processing integrated circuit for high-speed, high-density, digital data storage and broadband digital data networking markets.
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