Mn Services Vermogensbeheer B.V. raised its position in shares of Marvell Technology Group Ltd. (NASDAQ:MRVL) by 3.6% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 348,098 shares of the semiconductor company’s stock after acquiring an additional 12,100 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Marvell Technology Group were worth $6,924,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Deroy & Devereaux Private Investment Counsel Inc. lifted its holdings in Marvell Technology Group by 19.1% in the 4th quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 120,250 shares of the semiconductor company’s stock valued at $1,947,000 after purchasing an additional 19,260 shares in the last quarter. Sterling Investment Advisors Ltd. lifted its holdings in Marvell Technology Group by 100.0% in the 4th quarter. Sterling Investment Advisors Ltd. now owns 6,000 shares of the semiconductor company’s stock valued at $97,000 after purchasing an additional 3,000 shares in the last quarter. Selz Capital LLC purchased a new position in Marvell Technology Group in the 1st quarter valued at $857,000. Teachers Advisors LLC lifted its holdings in Marvell Technology Group by 489.9% in the 3rd quarter. Teachers Advisors LLC now owns 3,364,871 shares of the semiconductor company’s stock valued at $64,942,000 after purchasing an additional 2,794,470 shares in the last quarter. Finally, Brown Advisory Inc. lifted its holdings in Marvell Technology Group by 13.6% in the 4th quarter. Brown Advisory Inc. now owns 4,448,337 shares of the semiconductor company’s stock valued at $72,017,000 after purchasing an additional 531,503 shares in the last quarter. Hedge funds and other institutional investors own 97.26% of the company’s stock.

In other news, EVP Mitchell Gaynor sold 10,000 shares of the business’s stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $23.64, for a total transaction of $236,400.00. Following the completion of the transaction, the executive vice president now directly owns 25,576 shares of the company’s stock, valued at $604,616.64. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.10% of the company’s stock.

Several research analysts have recently commented on MRVL shares. ValuEngine upgraded Marvell Technology Group from a “hold” rating to a “buy” rating in a report on Friday, April 5th. Needham & Company LLC reiterated a “buy” rating and set a $23.00 price target on shares of Marvell Technology Group in a report on Friday, March 8th. Zacks Investment Research upgraded Marvell Technology Group from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a report on Wednesday, February 6th. BMO Capital Markets reiterated a “buy” rating and set a $22.00 price target on shares of Marvell Technology Group in a report on Thursday, February 14th. Finally, BidaskClub upgraded Marvell Technology Group from a “hold” rating to a “buy” rating in a report on Wednesday, April 10th. Three analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $25.55.

NASDAQ MRVL opened at $22.77 on Thursday. The stock has a market capitalization of $14.59 billion, a price-to-earnings ratio of 26.79, a PEG ratio of 4.01 and a beta of 1.11. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.19 and a quick ratio of 1.76. Marvell Technology Group Ltd. has a 1-year low of $14.34 and a 1-year high of $25.74.

Marvell Technology Group (NASDAQ:MRVL) last released its earnings results on Thursday, March 7th. The semiconductor company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.02). The firm had revenue of $744.80 million during the quarter, compared to analyst estimates of $739.88 million. Marvell Technology Group had a negative net margin of 6.25% and a positive return on equity of 7.95%. During the same period in the prior year, the firm earned $0.32 earnings per share. On average, sell-side analysts forecast that Marvell Technology Group Ltd. will post 0.63 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 3rd were given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date of this dividend was Tuesday, April 2nd. Marvell Technology Group’s dividend payout ratio is presently 28.24%.

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Marvell Technology Group 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 preamplifiers; supports a variety of host system interfaces consisting of serial attached SCSI (SAS), serial advanced technology attachment (SATA), peripheral component interconnect express, and non-volatile memory express; and develops software-enabled silicon solutions comprising SATA port multipliers, bridges, SATA, SAS, and non-volatile memory express redundant array of independent disks controllers and converged storage processors for enterprises, data centers, and cloud computing businesses.

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

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