Could Marvell Technology Group Ltd. Decline After Today’s Tip From Option Traders?

 Could Marvell Technology Group Ltd. Decline After Today's Tip From Option Traders?

In today’s session Marvell Technology Group Ltd. (MRVL) registered an unusually high (3,729) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious MRVL increase. With 3,729 contracts traded and 15214 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: MRVL161118C00014000 closed last at: $0.44 or 12.8% up. About 3.32 million shares traded hands. Marvell Technology Group Ltd. (NASDAQ:MRVL) has risen 33.54% since March 1, 2016 and is uptrending. It has outperformed by 24.30% the S&P500.

Marvell Technology Group Ltd. (NASDAQ:MRVL) Ratings Coverage

Out of 24 analysts covering Marvell Technology Group (NASDAQ:MRVL), 6 rate it a “Buy”, 3 “Sell”, while 15 “Hold”. This means 25% are positive. $18 is the highest target while $6 is the lowest. The $10.46 average target is -19.97% below today’s ($13.07) stock price. Marvell Technology Group has been the topic of 52 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The stock of Marvell Technology Group Ltd. (NASDAQ:MRVL) earned “Hold” rating by Benchmark on Tuesday, October 27. The stock of Marvell Technology Group Ltd. (NASDAQ:MRVL) earned “Hold” rating by Standpoint Research on Wednesday, April 6. Cowen & Co maintained the shares of MRVL in a report on Thursday, February 18 with “Outperform” rating. The company was initiated on Wednesday, August 31 by Stephens. The stock of Marvell Technology Group Ltd. (NASDAQ:MRVL) earned “Neutral” rating by Susquehanna on Friday, September 11. Jefferies maintained the stock with “Hold” rating in Monday, September 14 report. On Friday, August 7 the stock rating was maintained by Susquehanna with “Positive”. The stock of Marvell Technology Group Ltd. (NASDAQ:MRVL) earned “Outperform” rating by Cowen & Co on Tuesday, October 27. The rating was initiated by Susquehanna on Tuesday, September 20 with “Neutral”. B. Riley & Co downgraded Marvell Technology Group Ltd. (NASDAQ:MRVL) on Monday, September 14 to “Neutral” rating.

Insitutional Activity: The institutional sentiment increased to 1.36 in Q2 2016. Its up 0.22, from 1.14 in 2016Q1. The ratio increased, as 22 funds sold all Marvell Technology Group Ltd. shares owned while 81 reduced positions. 41 funds bought stakes while 99 increased positions. They now own 352.60 million shares or 2.75% less from 362.56 million shares in 2016Q1.
Ubs Asset Americas Incorporated holds 0.01% or 1.13 million shares in its portfolio. Credit Agricole S A holds 0.05% of its portfolio in Marvell Technology Group Ltd. (NASDAQ:MRVL) for 1.46 million shares. Blackrock Incorporated has invested 0.01% of its portfolio in Marvell Technology Group Ltd. (NASDAQ:MRVL). Carroll Financial Assocs has 0% invested in the company for 930 shares. Ahl Partners Llp, a United Kingdom-based fund reported 117,990 shares. Barclays Public Ltd Com owns 652,985 shares or 0.01% of their US portfolio. Paradigm Management Ny has 0.1% invested in the company for 89,275 shares. Oz Management L P accumulated 0.06% or 1.14M shares. Utah Retirement System, a Utah-based fund reported 73,525 shares. World Asset Mngmt accumulated 30,728 shares or 0.01% of the stock. Employees Retirement Association Of Colorado holds 88,624 shares or 0.01% of its portfolio. The Illinois-based Peak6 Investments L P has invested 0% in Marvell Technology Group Ltd. (NASDAQ:MRVL). Altalis Ltd Liability Company has 4.54% invested in the company for 665,000 shares. Moreover, Old Mutual Customised Solutions (Proprietary) Limited has 0.03% invested in Marvell Technology Group Ltd. (NASDAQ:MRVL) for 13,500 shares. State Of Wisconsin Inv Board accumulated 0.01% or 267,991 shares.

Marvell Technology Group Ltd. is a fabless semiconductor well-known provider of application-specific standard products. The company has a market cap of $6.54 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.

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