Marvell Technology Group Ltd. (NASDAQ:MRVL) is expected to pay $0.06 on Dec 28, 2016. The indicated annual dividend is $0.24. Shareholders owning the stock before Dec 2, 2016 will be eligible to receive the payout. Based on Marvell Technology Group Ltd.’s current price of $14.34, the dividend is 0.42%. This dividend’s record date is Dec 6, 2016 and the announcement date is Nov 18, 2016. The stock decreased 0.28% or $0.04 during the last trading session, hitting $14.34. Marvell Technology Group Ltd. (NASDAQ:MRVL) has risen 37.36% since April 28, 2016 and is uptrending. It has outperformed by 31.43% the S&P500.
Marvell Technology Group Ltd. is a fabless semiconductor well-known provider of application-specific standard products. The company has a market cap of $7.29 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.
Insitutional Activity: The institutional sentiment decreased to 1.07 in 2016 Q2. Its down 0.29, from 1.36 in 2016Q1. The ratio worsened, 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.
Credit Suisse Ag has 0.01% invested in the company for 692,315 shares. Moreover, California State Teachers Retirement System has 0.02% invested in Marvell Technology Group Ltd. (NASDAQ:MRVL) for 876,192 shares. Goldman Sachs holds 0.03% or 8.22 million shares in its portfolio. Roystone Cap Mngmt Limited Partnership, a New York-based fund reported 4.49 million shares. Blackrock Japan Limited accumulated 500,668 shares or 0.02% of the stock. The Connecticut-based Trexquant Invest Limited Partnership has invested 0.1% in Marvell Technology Group Ltd. (NASDAQ:MRVL). Wedge Cap Mngmt L L P Nc has invested 1.14% of its portfolio in Marvell Technology Group Ltd. (NASDAQ:MRVL). The Ohio-based Fifth Third Fincl Bank has invested 0% in Marvell Technology Group Ltd. (NASDAQ:MRVL). Calvert Inv Management has 0.01% invested in the company for 24,531 shares. Commonwealth Bankshares Of Australia owns 100,209 shares or 0.01% of their US portfolio. Starboard Value L P has invested 6.88% of its portfolio in Marvell Technology Group Ltd. (NASDAQ:MRVL). The Illinois-based Grp Inc Inc One Trading Lp has invested 0% in Marvell Technology Group Ltd. (NASDAQ:MRVL). Airain Limited has 191,828 shares for 0.11% of their US portfolio. Parkwood Limited Liability Com, a Ohio-based fund reported 60,490 shares. Afam Cap Incorporated holds 247,694 shares or 0.39% of its portfolio.
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. The stock of Marvell Technology Group Ltd. (NASDAQ:MRVL) earned “Hold” rating by Needham on Monday, September 14. The firm has “Buy” rating by Brean Capital given on Tuesday, April 5. The rating was maintained by BMO Capital Markets with “Market Perform” on Monday, September 14. RBC Capital Markets maintained Marvell Technology Group Ltd. (NASDAQ:MRVL) on Tuesday, October 27 with “Sector Perform” rating. The firm has “Hold” rating given on Thursday, August 20 by Deutsche Bank. The company was maintained on Monday, September 14 by Jefferies. The stock has “Positive” rating given by Susquehanna on Friday, August 7. Cowen & Co maintained it with “Outperform” rating and $11.50 target price in Tuesday, October 27 report. Benchmark maintained it with “Hold” rating and $8 target price in Tuesday, October 27 report. As per Friday, September 11, the company rating was maintained by M Partners.
More notable recent Marvell Technology Group Ltd. (NASDAQ:MRVL) news were published by: Forbes.com which released: “Ex-Dividend Reminder: ILG, Glacier Bancorp and Marvell Technology Group” on November 30, 2016, also Prnewswire.com with their article: “Marvell Technology Group Ltd. Reports Third Quarter of Fiscal 2017 Financial …” published on November 17, 2016, Prnewswire.com published: “Marvell Technology Group Ltd. Announces Restructuring Actions to Drive Growth …” on November 02, 2016. More interesting news about Marvell Technology Group Ltd. (NASDAQ:MRVL) were released by: Prnewswire.com and their article: “Marvell Technology Group Ltd. Announces Appointment of Karen Rohde as Chief …” published on November 21, 2016 as well as Nasdaq.com‘s news article titled: “Marvell Technology Group Reaches Analyst Target Price” with publication date: November 10, 2016.
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.
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