Oppenheimer Reiterates Hold Rating for Marvell Technology Group (MRVL)

Oppenheimer Reiterates Hold Rating for Marvell Technology Group (MRVL) photo Oppenheimer Reiterates Hold Rating for Marvell Technology Group (MRVL)

Law Offices of Howard G. Smith announces an investigation on behalf of investors of Marvell Technology Group Ltd. (“Marvell” or the “Company”) (NASDAQ:MRVL) concerning the Company’s and its officers’ possible violations of federal securities laws in connection with Marvell’s recent disclosure of potentially fraudulent accounting practices; and, an unexpected loss for the fiscal second quarter. Around 2% of the company’s shares, which are float, are short sold.



Marvell Technology Group (NASDAQ:MRVL) last issued its quarterly earnings data on Friday, September 11th.

Now the company Insiders own 0.1% of Marvell Technology Group Ltd. Company shares. Post opening the session at $8.65, the shares hit an intraday low of $8.44 and an intraday high of $8.7 and the price vacillated in this range throughout the day.

Other research analysts also recently issued reports about the stock. Marvell Technology Group has a 52 week low of $8.21 and a 52 week high of $16.78.

According to TipRanks.com, Sepenzis is a 4-star analyst with an average return of 11.6% and a 37.0% success rate. S&P 500 has rallied 4.01% during the last 52-weeks. The current year EPS estimate on the stock is 0.520 and the EPS estimate for next year sits at 0.680. The shares were sold at an average price of $14.51, for a total transaction of $744,537.12.

The stock price of Marvell Technology Group has decreased 35.64% over the last 200 days, and is in strong down trend. In the past six months, there is a change of -9.02% in the total insider ownership.

Bow Street Llc had the largest stake with ownership of 792,878 shares as of q2 2015 for 5.05% of the USA long equity exposure. It has decreased by 24% from the same period of last month. The primary factors that have impacted our rating are mixed – some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. Brean Capital reissued a buy rating and issued a $16.00 price target on shares of Marvell Technology Group in a report on Friday, May 22nd. The shares have been rated Neutral.

Marvell Technology Group Ltd. (Marvell) is a fabless semiconductor provider of application-specific standard products. The Business develops System-on-a-Chip (SoC) devices. Its product portfolio includes devices for data storage, enterprise-class Ethernet data switching, Ethernet physical-layer transceivers (PHY), mobile handsets and other consumer electronics, wireless networking, personal area networking, Ethernet-based personal computer (PC) connectivity, control plane communications controllers, video-image processing and power management solutions. Its products serve varied programs found in carrier, metropolitan, enterprise and PC -client data communications, and storage systems.

Leave a Reply