Marvell Technology Group Ltd: Sutardja, Sehat Bought Stake

February 14, 2018 - By Adrian Mccoy

 Marvell Technology Group Ltd: Sutardja, Sehat Bought Stake

Investors sentiment decreased to 1.1 in 2017 Q3. Its down 0.05, from 1.15 in 2017Q2. It is negative, as 34 investors sold Marvell Technology Group Ltd. shares while 102 reduced holdings. 44 funds opened positions while 106 raised stakes. 376.98 million shares or 2.13% more from 369.12 million shares in 2017Q2 were reported.

Stevens Capital Limited Partnership has invested 0.25% in Marvell Technology Group Ltd. (NASDAQ:MRVL). Moreover, Nomura Hldgs has 0% invested in Marvell Technology Group Ltd. (NASDAQ:MRVL). Contour Asset Management Limited Co has 9.42% invested in Marvell Technology Group Ltd. (NASDAQ:MRVL) for 9.37 million shares. Oak Ltd Oh invested in 173,400 shares. Tokio Marine Asset Management Commerce Ltd has invested 0.49% of its portfolio in Marvell Technology Group Ltd. (NASDAQ:MRVL). Bluemountain Cap Mngmt Limited Liability Company stated it has 0.13% in Marvell Technology Group Ltd. (NASDAQ:MRVL). 7,800 were reported by Nikko Asset Management Americas. Morgens Waterfall Vintiadis And Company reported 230,500 shares. Teachers Retirement System Of The State Of Kentucky invested 0.12% of its portfolio in Marvell Technology Group Ltd. (NASDAQ:MRVL). Boston Partners has 12.21 million shares for 0.27% of their portfolio. Barrow Hanley Mewhinney Strauss Ltd Liability Corporation stated it has 1,574 shares. Cipher L P has invested 0.22% in Marvell Technology Group Ltd. (NASDAQ:MRVL). Nine Chapters Capital Mngmt Ltd Liability Co stated it has 18,800 shares. Advsr Asset Mgmt holds 0.01% in Marvell Technology Group Ltd. (NASDAQ:MRVL) or 46,576 shares. Ubs Asset Mngmt Americas has 0.1% invested in Marvell Technology Group Ltd. (NASDAQ:MRVL) for 6.01 million shares.

The New Sutardja, Sehat Holding in Marvell Technology Group Ltd

Sutardja, Sehat reported SC 13G/A form with the SEC for Marvell Technology Group Ltd. Access it here: 000114036118007296. As reported by Sutardja, Sehat, the filler owns 4.5% or 223,031,793 shares of the Information Technology–company.

Marvell Technology Group Ltd stake is new for [reportingPerson]. Date of activity: December 31, 2017. This shows Sutardja, Sehat’s positive view for Marvell Technology Group Ltd.

Marvell Technology Group Ltd Institutional Sentiment

Filings show 250 investors own Marvell Technology Group Ltd. The ownership in Q3 2015 is very high, at Infinity of the outstanding shares. This is increased by 26831746. 316192160 were owned by these investors. 41 funds opened new Marvell Technology Group Ltd stakes, 87 increased positions. There were 60 that closed positions and 91 reduced them.

Burren Capital Advisors Ltd is an investor bullish on Marvell Technology Group Ltd, owning 11110 shares as of Q3 2015 for 0.45% of its portfolio. World Asset Management Inc owns 28154 shares or 0.01% of its portfolio. NY Paradigm Capital Management Inc have 0.11% of its portfolio for 95500 shares. Further, Rothschild Investment Corp reported stake worth 0.02% of its portfolio. The TX Afam Capital Inc owns 301272 shares. Marvell Technology Group Ltd is 0.42% of its portfolio.

Business Profile

Marvell Technology Group Ltd. is a semiconductor provider of application-specific standard products. The Company is engaged in the design, development and sale of integrated circuits. The Company develops System-on-a-Chip (SoC) devices. It also develops integrated hardware platforms along with software that incorporates digital computing technologies designed and configured to provide an optimized computing solution. Its product portfolio includes devices for storage, networking and connectivity. In storage, it is engaged in data storage controller solutions spanning consumer, mobile, desktop and enterprise markets. Its storage solutions enable customers to engineer products for hard disk drives and solid state drives. Its networking products address end markets in cloud, enterprise, small and medium business and service provider networks. The Company’s connectivity products address end markets in consumer, enterprise, desktop, service provider networks and automotive.

SEC Form 13G.

Analysts await Marvell Technology Group Ltd. (NASDAQ:MRVL) to report earnings on March, 1. They expect $0.27 earnings per share, up 50.00 % or $0.09 from last year’s $0.18 per share. MRVL’s profit will be $133.90 million for 20.67 P/E if the $0.27 EPS becomes a reality. After $0.30 actual earnings per share reported by Marvell Technology Group Ltd. for the previous quarter, Wall Street now forecasts -10.00 % negative EPS growth.

The stock increased 1.82% or $0.4 during the last trading session, reaching $22.32. About 10.98M shares traded or 12.23% up from the average. Marvell Technology Group Ltd. (NASDAQ:MRVL) has risen 64.54% since February 14, 2017 and is uptrending. It has outperformed by 47.84% the S&P500.

Marvell Technology Group Ltd. designs, develops, and markets analog, mixed-signal, digital signal processing, and embedded and standalone integrated circuits. The company has market cap of $11.07 billion. It offers a range of storage products, such as hard disk drive and solid-state drive controllers, as well as HDD components, such as HDD preamps components; and develops software enabled silicon solutions consisting of serial advanced technology attachment port multipliers, bridges, serial attached SCSI, and non-volatile memory express redundant array of independent disks controllers and converged storage processors for enterprise, data centers, and cloud computing businesses. It has a 29.21 P/E ratio. The firm also provides networking products comprising Ethernet solutions comprising Ethernet switches, Ethernet physical-layer transceivers, and single-chip network interface devices; and embedded communication processors.

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

Among 36 analysts covering Marvell Technology Group (NASDAQ:MRVL), 23 have Buy rating, 1 Sell and 12 Hold. Therefore 64% are positive. Marvell Technology Group has $34.0 highest and $6 lowest target. $20.46’s average target is -8.33% below currents $22.32 stock price. Marvell Technology Group had 115 analyst reports since August 5, 2015 according to SRatingsIntel. Needham maintained the stock with “Buy” rating in Wednesday, November 29 report. The company was upgraded on Friday, September 25 by Craig Hallum. FBR Capital maintained the stock with “Buy” rating in Monday, November 20 report. Loop Capital Markets maintained Marvell Technology Group Ltd. (NASDAQ:MRVL) rating on Wednesday, November 29. Loop Capital Markets has “Buy” rating and $28.0 target. On Monday, November 27 the stock rating was maintained by Cowen & Co with “Buy”. The stock of Marvell Technology Group Ltd. (NASDAQ:MRVL) earned “Outperform” rating by Cowen & Co on Thursday, August 27. On Thursday, May 25 the stock rating was maintained by Stifel Nicolaus with “Hold”. Jefferies maintained Marvell Technology Group Ltd. (NASDAQ:MRVL) rating on Wednesday, August 23. Jefferies has “Hold” rating and $19.0 target. On Friday, September 2 the stock rating was maintained by Citigroup with “Sell”. The rating was upgraded by Needham on Monday, March 13 to “Buy”.

More important recent Marvell Technology Group Ltd. (NASDAQ:MRVL) news were published by: Nasdaq.com which released: “March 29th Options Now Available For Marvell Technology Group (MRVL)” on February 08, 2018, also Prnewswire.com published article titled: “Marvell Technology Group Ltd. Announces Conference Call to Review Fourth …”, Benzinga.com published: “BofA: Three Semiconductor Picks In A Choppy Market” on February 10, 2018. More interesting news about Marvell Technology Group Ltd. (NASDAQ:MRVL) was released by: Streetinsider.com and their article: “MARVELL TECHNOLOGY GROUP LTD.” with publication date: January 29, 2018.

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