After Today’s Bullish Options Activity, Is Marvell Technology Group Ltd.’s Near-Term Analysis Positive?

 After Today's Bullish Options Activity, Is Marvell Technology Group Ltd.'s Near Term Analysis Positive?

In today’s session Marvell Technology Group Ltd. (MRVL) registered an unusually high (344) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious MRVL increase. With 344 contracts traded and 16414 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: MRVL161216C00014000 closed last at: $0.95 or 143.6% up. About 600,306 shares traded hands. Marvell Technology Group Ltd. (NASDAQ:MRVL) has risen 49.29% since April 20, 2016 and is uptrending. It has outperformed by 44.74% the S&P500.

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

Out of 24 analysts covering Marvell Technology Group (NASDAQ:MRVL), 8 rate it a “Buy”, 3 “Sell”, while 13 “Hold”. This means 33% are positive. Marvell Technology Group has been the topic of 55 analyst reports since August 5, 2015 according to StockzIntelligence Inc. Cowen & Co maintained Marvell Technology Group Ltd. (NASDAQ:MRVL) rating on Tuesday, September 6. Cowen & Co has “Outperform” rating and $16 price target. On Monday, September 14 the stock rating was downgraded by B. Riley & Co to “Neutral”. The firm has “Neutral” rating by JP Morgan given on Tuesday, September 8. Cowen & Co maintained it with “Outperform” rating and $18 target price in Tuesday, August 4 report. The stock of Marvell Technology Group Ltd. (NASDAQ:MRVL) has “Neutral” rating given on Wednesday, August 5 by Citigroup. As per Tuesday, April 5, the company rating was upgraded by Brean Capital. Citigroup downgraded the shares of MRVL in a report on Wednesday, October 28 to “Sell” rating. The firm has “Outperform” rating by Cowen & Co given on Tuesday, October 27. M Partners maintained the stock with “Buy” rating in Friday, September 11 report. The stock of Marvell Technology Group Ltd. (NASDAQ:MRVL) has “Hold” rating given on Friday, September 11 by Needham.

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 decreased to 1.07 in 2016 Q2. Its down 0.29, from 1.36 in 2016Q1. The ratio turned negative, 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.
Asset Management Inc holds 0.01% or 30,728 shares in its portfolio. Checchi Advisers Limited has invested 0% of its portfolio in Marvell Technology Group Ltd. (NASDAQ:MRVL). Td Asset owns 27,794 shares or 0% of their US portfolio. Horizon Kinetics Limited Liability Corporation has 0.01% invested in the company for 42,828 shares. Sandy Spring State Bank has 380 shares for 0% of their US portfolio. Wfg Advsr Ltd Partnership last reported 0.01% of its portfolio in the stock. Gsa Cap Prtnrs Llp accumulated 16,783 shares or 0.01% of the stock. Moreover, Putnam Invests Ltd Limited Liability Company has 0.01% invested in Marvell Technology Group Ltd. (NASDAQ:MRVL) for 270,409 shares. The Germany-based Commerzbank Aktiengesellschaft Fi has invested 0% in Marvell Technology Group Ltd. (NASDAQ:MRVL). Teacher Retirement Of Texas accumulated 2.25M shares or 0.15% of the stock. The Switzerland-based Swiss Bancorporation has invested 0.02% in Marvell Technology Group Ltd. (NASDAQ:MRVL). Bnp Paribas Invest Prtn Sa reported 50,709 shares or 0% of all its holdings. Zweig reported 425,000 shares or 0.41% of all its holdings. Grp One Trading L P has 30,688 shares for 0% of their US portfolio. New York State Common Retirement Fund reported 1.07 million shares or 0.01% 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 $7.58 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.

More important recent Marvell Technology Group Ltd. (NASDAQ:MRVL) news were published by: Profitconfidential.com which released: “Marvell Technology Group Ltd.: MRVL Stock Has Legs” on November 18, 2016, also Prnewswire.com published article titled: “Marvell Technology Group Ltd. Announces Restructuring Actions to Drive Growth …”, Nasdaq.com published: “Earnings Reaction History: Marvell Technology Group Ltd., 37.5% Follow-Through …” on November 17, 2016. More interesting news about Marvell Technology Group Ltd. (NASDAQ:MRVL) was released by: Prnewswire.com and their article: “Marvell Technology Group Ltd. Announces Appointment of Karen Rohde as Chief …” with publication date: November 21, 2016.

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