Marvell Technology Group Ltd. Could Decline a Lot According to The Today’s Call Option Activity

 Marvell Technology Group Ltd. Could Decline a Lot According to The Today's Call Option Activity

In today’s session Marvell Technology Group Ltd. (MRVL) recorded an unusually high (773) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the February, 2017 put, expecting serious MRVL decrease. With 773 contracts traded and 1934 open interest for the Feb, 17 contract, it seems this is a quite bearish bet. The option with symbol: MRVL170217P00012000 closed last at: $0.67 or 4.7% up. About 878,903 shares traded hands. Marvell Technology Group Ltd. (NASDAQ:MRVL) has risen 20.72% since April 8, 2016 and is uptrending. It has outperformed by 15.07% the S&P500.

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

Out of 24 analysts covering Marvell Technology Group (NASDAQ:MRVL), 7 rate it a “Buy”, 3 “Sell”, while 14 “Hold”. This means 29% are positive. $18 is the highest target while $6 is the lowest. The $10.87 average target is -13.73% below today’s ($12.6) stock price. Marvell Technology Group has been the topic of 53 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating by Susquehanna given on Tuesday, September 20. The stock of Marvell Technology Group Ltd. (NASDAQ:MRVL) earned “Sell” rating by B. Riley & Co on Tuesday, October 27. The firm has “Mkt Perform” rating by FBR Capital given on Friday, September 11. B. Riley & Co downgraded Marvell Technology Group Ltd. (NASDAQ:MRVL) on Monday, September 14 to “Neutral” rating. The rating was upgraded by Credit Suisse on Wednesday, October 12 to “Outperform”. Brean Capital downgraded Marvell Technology Group Ltd. (NASDAQ:MRVL) on Friday, September 11 to “Hold” rating. The firm has “Neutral” rating by Citigroup given on Wednesday, August 5. Nomura downgraded the stock to “Neutral” rating in Monday, October 12 report. The firm has “Hold” rating by Needham given on Monday, September 14. The company was maintained on Tuesday, October 27 by Benchmark.

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.”

Insitutional Activity: The institutional sentiment increased to 1.36 in 2016 Q2. Its up 0.22, from 1.14 in 2016Q1. The ratio improved, 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.
Hartford Inv Mgmt Company holds 11,493 shares or 0% of its portfolio. Proshare Advsr Ltd Limited Liability Company last reported 32,515 shares in the company. Delta Lloyd Nv has 0.01% invested in the company for 29,517 shares. Oxford Asset Mngmt has 0.02% invested in the company for 39,409 shares. Tokio Marine Asset Communications holds 19,264 shares or 0.02% of its portfolio. Goldman Sachs Grp Inc Inc, a New York-based fund reported 8.22M shares. Winfield holds 0% of its portfolio in Marvell Technology Group Ltd. (NASDAQ:MRVL) for 320 shares. Ubs Asset Mgmt Americas has 0.01% invested in the company for 1.13 million shares. Tudor Et Al has invested 0.03% of its portfolio in Marvell Technology Group Ltd. (NASDAQ:MRVL). Trexquant L P last reported 0.1% of its portfolio in the stock. Fifth Third Bancorp holds 0% of its portfolio in Marvell Technology Group Ltd. (NASDAQ:MRVL) for 1,433 shares. Marshall Wace Llp accumulated 0.08% or 979,547 shares. Freshford Cap Mngmt Lc owns 193,000 shares or 0.55% of their US portfolio. Kingdom Ridge Cap Ltd has 1.86% invested in the company for 400,000 shares. Wealthtrust reported 100 shares or 0% of all its holdings.

Marvell Technology Group Ltd. is a fabless semiconductor well-known provider of application-specific standard products. The company has a market cap of $6.45 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.

MRVL Company Profile

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.

Another recent and important Marvell Technology Group Ltd. (NASDAQ:MRVL) news was published by Prnewswire.com which published an article titled: “Marvell Technology Group Ltd. Announces Restructuring Actions to Drive Growth …” on November 02, 2016.

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.

Tags: , ,

Related posts

Leave a Comment