Quantbot Technologies LP boosted its stake in shares of Marvell Technology Group Ltd. (NASDAQ:MRVL) by 1,612.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 49,904 shares of the semiconductor company’s stock after acquiring an additional 46,989 shares during the quarter. Quantbot Technologies LP’s holdings in Marvell Technology Group were worth $893,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of MRVL. Bank of Montreal Can lifted its holdings in Marvell Technology Group by 593.9% in the 2nd quarter. Bank of Montreal Can now owns 493,150 shares of the semiconductor company’s stock worth $8,147,000 after buying an additional 422,078 shares during the period. NN Investment Partners Holdings N.V. lifted its holdings in Marvell Technology Group by 764.7% in the 2nd quarter. NN Investment Partners Holdings N.V. now owns 20,598 shares of the semiconductor company’s stock worth $340,000 after buying an additional 18,216 shares during the period. Creative Planning lifted its holdings in Marvell Technology Group by 39.8% in the 2nd quarter. Creative Planning now owns 10,008 shares of the semiconductor company’s stock worth $165,000 after buying an additional 2,850 shares during the period. Mn Services Vermogensbeheer B.V. lifted its holdings in Marvell Technology Group by 468.3% in the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 65,966 shares of the semiconductor company’s stock worth $1,090,000 after buying an additional 54,359 shares during the period. Finally, Quantitative Systematic Strategies LLC lifted its holdings in Marvell Technology Group by 4.1% in the 2nd quarter. Quantitative Systematic Strategies LLC now owns 17,107 shares of the semiconductor company’s stock worth $288,000 after buying an additional 673 shares during the period. Institutional investors own 77.03% of the company’s stock.

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Several equities research analysts have weighed in on MRVL shares. Zacks Investment Research cut Marvell Technology Group from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. BidaskClub cut Marvell Technology Group from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 2nd. Cowen and Company reiterated a “buy” rating and issued a $21.00 price objective on shares of Marvell Technology Group in a report on Monday, August 21st. B. Riley reiterated a “buy” rating and issued a $23.00 price objective on shares of Marvell Technology Group in a report on Monday, August 21st. Finally, Credit Suisse Group reiterated a “buy” rating on shares of Marvell Technology Group in a report on Wednesday, August 23rd. One research analyst has rated the stock with a sell rating, six have issued a hold rating, twenty have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $21.59.

In other news, major shareholder Sehat Sutardja sold 1,266,498 shares of the firm’s stock in a transaction on Monday, October 23rd. The stock was sold at an average price of $18.55, for a total value of $23,493,537.90. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last 90 days, insiders sold 17,558,035 shares of company stock worth $320,838,284. Company insiders own 6.80% of the company’s stock.

Shares of Marvell Technology Group Ltd. (NASDAQ MRVL) opened at $23.83 on Thursday. The company has a market capitalization of $12,090.00, a price-to-earnings ratio of 29.85, a price-to-earnings-growth ratio of 1.59 and a beta of 1.05. Marvell Technology Group Ltd. has a fifty-two week low of $13.59 and a fifty-two week high of $24.22.

Marvell Technology Group (NASDAQ:MRVL) last released its quarterly earnings results on Thursday, August 24th. The semiconductor company reported $0.25 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.28 by ($0.03). The firm had revenue of $604.75 million during the quarter, compared to analysts’ expectations of $600.76 million. Marvell Technology Group had a return on equity of 9.99% and a net margin of 10.97%. The business’s quarterly revenue was up 16.4% on a year-over-year basis. During the same quarter last year, the business earned $0.18 earnings per share. equities analysts anticipate that Marvell Technology Group Ltd. will post 0.97 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, October 26th. Stockholders of record on Tuesday, October 10th were paid a $0.06 dividend. The ex-dividend date was Friday, October 6th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.01%. Marvell Technology Group’s dividend payout ratio (DPR) is currently 54.55%.

About Marvell Technology Group

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.

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Institutional Ownership by Quarter for Marvell Technology Group (NASDAQ:MRVL)

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