Published: Thu, June 15, 2017
Markets | By Noel Gibbs

Marvell Technology Group Ltd. (MRVL) Raised to Outperform at Oppenheimer Holdings, Inc

The institutional investor owned 124,294 shares of the semiconductor company's stock after selling 28,960 shares during the period. Equities analysts forecast that Marvell Technology Group will post $1.11 EPS for the current year. Argent Capital Management LLC acquired a new stake in shares of Marvell Technology Group during the third quarter worth $60,316,000. Oakwood Cap Management Ltd Liability Company Ca accumulated 11,490 shares or 1.12% of the stock.

ILLEGAL ACTIVITY WARNING: "Marvell Technology Group Ltd. (MRVL) Raised to Outperform at Oppenheimer Holdings, Inc." was first reported by The Cerbat Gem and is owned by of The Cerbat Gem. Finally, Oxford Asset Management increased its stake in shares of Marvell Technology Group by 23.8% in the fourth quarter. Creative Planning now owns 7,158 shares of the semiconductor company's stock worth $109,000 after buying an additional 4,558 shares during the period. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of Marvell Technology Group by 454.8% in the fourth quarter. Northern Trust Corp now owns 2,366,239 shares of the semiconductor company's stock worth $31,399,000 after buying an additional 41,590 shares during the last quarter. James Investment Research Inc. bought a new position in Marvell Technology Group during the first quarter valued at about $138,000. Ltd. now owns 59,550 shares of the semiconductor company's stock worth $790,000 after buying an additional 5,000 shares during the last quarter. While the company's share hit the 52 week high on 06/06/17 stationing the value of $17.92.

The number of shares traded in the last trading session was 6.72 Million. Looking at a shorter time period, shares have been seen -0.78% away from the 50 day high and 21.98% off the 50 day low price. Marvell Technology Group has a one year low of $9.05 and a one year high of $17.92.

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Marvell Technology Group (MRVL) opened at 17.54 on Friday. The semiconductor company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.16 by $0.04. Consequently Marvell Tech Group (NASDAQ:MRVL)'s weekly and monthly volatility is 3.33%, 3.09% respectively.

While considering growth estimates of the company, it has next quarter growth estimates of 55% whereas during current quarter it has 55.6% estimations over growth, comparing to the estimations of 76.2% during current year and 11.7% for next year.

EPS in next five year years is expected to touch 16.67% while EPS growth in past 5 year was -38.80% along with sales growth of -7.30% in the last five years. RBC Capital Markets maintained Marvell Technology Group Ltd. (NASDAQ:MRVL) rating on Tuesday, October 27.

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Taking a broader look at the analyst consensus, according to 24 analysts Marvell Tech Group (NASDAQ:MRVL)'s price will reach at $19.5 during 52 weeks. If you are viewing this piece on another domain, it was copied illegally and republished in violation of U.S. and global trademark & copyright laws. The California-based Blackrock Fund Advsrs has invested 0.02% in Marvell Technology Group Ltd. (NASDAQ:MRVL).

MRVL has been the topic of a number of other reports. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. CIBC upgraded Marvell Technology Group from a "market perform" rating to an "outperform" rating in a research note on Friday, May 26th. The stock of Marvell Technology Group Ltd. (NASDAQ:MRVL) has "Outperform" rating given on Monday, September 14 by Cowen & Co. (NYSE:VZ). Somerset Grp Inc Limited Company holds 21,975 shares. Finally, Credit Suisse Group reissued a buy rating and set a $18.00 price target on shares of Marvell Technology Group in a report on Wednesday, March 1st. Rating Scale; where 1.0 rating means Strong Buy, 2.0 rating signify Buy, 3.0 recommendation reveals Hold, 4.0 rating score shows Sell and 5.0 displays Strong Sell signal. The firm presently has a $19.00 price target on the semiconductor company's stock.

Marvell Technology Group a semiconductor well-known provider of application-specific standard products. The Firm is engaged in the design, development and sale of integrated circuits.

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