November 29, 2016 - By Vivian Park · 0 Comments
West Florida Natural Gas Co (NASDAQ:MRVL) institutional sentiment decreased to 1.07 in 2016 Q2. Its down -0.29, from 1.36 in 2016Q1. The ratio dropped, as 140 investment professionals started new or increased stock positions, while 103 sold and trimmed stakes in West Florida Natural Gas Co. The investment professionals in our partner’s database now have: 352.60 million shares, down from 362.56 million shares in 2016Q1. Also, the number of investment professionals holding West Florida Natural Gas Co in their top 10 stock positions increased from 6 to 8 for an increase of 2. Sold All: 22 Reduced: 81 Increased: 99 New Position: 41.
Marvell Technology Group Ltd. is a fabless semiconductor well-known provider of application-specific standard products. The company has a market cap of $7.27 billion. The Firm is engaged in the design, development and sale of integrated circuits. It currently has negative earnings. The Firm develops System-on-a-Chip and System-in-a-Package (SiP) devices.
About 2.91 million shares traded hands. Marvell Technology Group Ltd. (NASDAQ:MRVL) has risen 45.38% since April 26, 2016 and is uptrending. It has outperformed by 40.12% the S&P500.
Analysts await Marvell Technology Group Ltd. (NASDAQ:MRVL) to report earnings on July, 18. They expect $0.08 EPS, up 60.00% or $0.03 from last year’s $0.05 per share. MRVL’s profit will be $40.50M for 44.88 P/E if the $0.08 EPS becomes a reality. After $0.15 actual EPS reported by Marvell Technology Group Ltd. for the previous quarter, Wall Street now forecasts -46.67% negative EPS growth.
According to Zacks Investment Research, “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. The company’s goal is to continue to support its customers in providing faster, better solutions to meet their customers’ needs for increased bandwidth as communication solutions evolve. The company meets this goal with state-of-the-art chip solutions that enable data transfer in data storage devices and networking applications.”
Starboard Value Lp holds 6.88% of its portfolio in Marvell Technology Group Ltd. for 20.40 million shares. Contour Asset Management Llc owns 8.79 million shares or 5.68% of their US portfolio. Moreover, 13D Management Llc has 4.96% invested in the company for 1.27 million shares. The New York-based Altalis Capital Management Llc has invested 4.54% in the stock. Shannon River Fund Management Llc, a New York-based fund reported 1.63 million shares.#img1#
Ratings analysis reveals 33% of Marvell Technology Group’s analysts are positive. Out of 24 Wall Street analysts rating Marvell Technology Group, 8 give it “Buy”, 3 “Sell” rating, while 13 recommend “Hold”. The lowest target is $6 while the high is $18. The stock’s average target of $10.96 is -23.73% below today’s ($14.37) share price. MRVL was included in 55 notes of analysts from August 5, 2015. The company was upgraded on Friday, September 25 by Craig Hallum. The stock of Marvell Technology Group Ltd. (NASDAQ:MRVL) earned “Positive” rating by Susquehanna on Friday, November 18. The rating was upgraded by Ladenburg Thalmann to “Buy” on Wednesday, August 19. The firm has “Hold” rating by Jefferies given on Monday, September 14. The company was downgraded on Monday, September 14 by Morgan Stanley. The stock has “Neutral” rating given by B. Riley & Co on Monday, September 14. Brean Capital maintained Marvell Technology Group Ltd. (NASDAQ:MRVL) on Tuesday, October 27 with “Hold” rating. Nomura maintained the shares of MRVL in a report on Friday, September 25 with “Buy” rating. On Wednesday, October 28 the stock rating was downgraded by Citigroup to “Sell”. The firm has “Neutral” rating given on Monday, September 14 by UBS.
Marvell Technology Group Ltd., incorporated on January 11, 1995, is a fabless semiconductor well-known provider of application-specific standard products. The Firm is engaged in the design, development and sale of integrated circuits. The Firm develops System-on-a-Chip (SoC) and System-in-a-Package (SiP) devices. The Company’s product portfolio includes devices for data storage, enterprise-class Ethernet data switching, Ethernet physical-layer transceivers (PHY), wireless connectivity, Internet-of-Things (IoT) devices and multimedia solutions. The Company’s products serve various applications used in carrier, metropolitan, enterprise and personal computer (PC)-client data communications, and storage systems. In addition, the Company serves the consumer electronics market for the convergence of voice, video and data applications. The Firm relies on independent, third-party contractors to perform manufacturing, assembly and test functions. The Firm offers its products to sectors, including storage, networking, and mobile and wireless.
More recent Marvell Technology Group Ltd. (NASDAQ:MRVL) news were published by: Prnewswire.com which released: “Marvell Technology Group Ltd. Reports Third Quarter of Fiscal 2017 Financial …” on November 17, 2016. Also Prnewswire.com published the news titled: “Marvell Technology Group Ltd. Announces Restructuring Actions to Drive Growth …” on November 02, 2016. Prnewswire.com‘s news article titled: “Marvell Technology Group Ltd. Announces Appointment of Karen Rohde as Chief …” with publication date: November 21, 2016 was also an interesting one.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.
By Vivian Park