Marvell Technology Group Ltd. (NASDAQ:MRVL) insider Marvell Semiconductor, Inc. Ca sold 1,755 shares of the stock in a transaction dated Monday, June 11th. The stock was sold at an average price of $21.55, for a total transaction of $37,820.25. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Marvell Semiconductor, Inc. Ca also recently made the following trade(s):

  • On Wednesday, April 18th, Marvell Semiconductor, Inc. Ca sold 3,310 shares of Marvell Technology Group stock. The stock was sold at an average price of $22.40, for a total transaction of $74,144.00.

Shares of Marvell Technology Group stock traded down $0.24 during mid-day trading on Thursday, hitting $21.76. 6,125,399 shares of the stock were exchanged, compared to its average volume of 8,534,885. Marvell Technology Group Ltd. has a 12 month low of $14.87 and a 12 month high of $25.18. The stock has a market cap of $10.68 billion, a P/E ratio of 20.67, a P/E/G ratio of 1.57 and a beta of 1.00.

Marvell Technology Group (NASDAQ:MRVL) last posted its earnings results on Thursday, May 31st. The semiconductor company reported $0.32 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.01. Marvell Technology Group had a net margin of 22.24% and a return on equity of 13.84%. The firm had revenue of $604.63 million for the quarter, compared to analysts’ expectations of $601.85 million. During the same quarter last year, the firm earned $0.24 EPS. The company’s quarterly revenue was up 5.6% compared to the same quarter last year. sell-side analysts expect that Marvell Technology Group Ltd. will post 1.2 EPS for the current fiscal year.

Several institutional investors have recently bought and sold shares of the business. Swedbank purchased a new stake in shares of Marvell Technology Group during the 1st quarter worth approximately $94,468,000. Two Sigma Advisers LP increased its stake in shares of Marvell Technology Group by 152.0% during the 4th quarter. Two Sigma Advisers LP now owns 6,195,002 shares of the semiconductor company’s stock worth $133,007,000 after purchasing an additional 3,736,310 shares during the last quarter. Frontier Capital Management Co. LLC increased its stake in shares of Marvell Technology Group by 107,727.9% during the 1st quarter. Frontier Capital Management Co. LLC now owns 2,821,856 shares of the semiconductor company’s stock worth $59,259,000 after purchasing an additional 2,819,239 shares during the last quarter. Jericho Capital Asset Management L.P. increased its stake in shares of Marvell Technology Group by 104.9% during the 1st quarter. Jericho Capital Asset Management L.P. now owns 5,493,004 shares of the semiconductor company’s stock worth $115,353,000 after purchasing an additional 2,812,835 shares during the last quarter. Finally, Point72 Asset Management L.P. increased its stake in shares of Marvell Technology Group by 4,960.9% during the 1st quarter. Point72 Asset Management L.P. now owns 2,277,385 shares of the semiconductor company’s stock worth $47,825,000 after purchasing an additional 2,232,385 shares during the last quarter.

Several brokerages recently weighed in on MRVL. UBS Group began coverage on shares of Marvell Technology Group in a research report on Wednesday, April 4th. They issued a “buy” rating on the stock. Zacks Investment Research raised shares of Marvell Technology Group from a “sell” rating to a “hold” rating in a research report on Tuesday, March 20th. BidaskClub cut shares of Marvell Technology Group from a “hold” rating to a “sell” rating in a research report on Friday, June 8th. Cowen raised their price target on shares of Marvell Technology Group from $21.00 to $29.00 and gave the company an “outperform” rating in a research report on Friday, March 9th. Finally, Argus began coverage on shares of Marvell Technology Group in a research report on Wednesday, March 7th. They issued a “buy” rating and a $28.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-two have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $26.02.

Marvell Technology Group Company Profile

Marvell Technology Group Ltd. designs, develops, and markets analog, mixed-signal, digital signal processing, and embedded and standalone integrated circuits. It offers a range of storage products, including hard disk drive (HDD) and solid-state drive controllers, as well as HDD components, such as HDD preamps components; and develops software-enabled silicon solutions comprising 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 enterprises, data centers, and cloud computing businesses.

Insider Buying and Selling by Quarter for Marvell Technology Group (NASDAQ:MRVL)

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