Securities Analyst Recommendations: Acacia Communications, Inc. (ACIA), Marvell Technology Group Ltd. (MRVL)

Cornelia Mascio
Agosto 31, 2017

Oppenheimer Holdings, Inc. reaffirmed a buy rating and issued a $23.00 target price on shares of Marvell Technology Group in a research report on Friday. Tower Rech Lc (Trc) holds 0% of its portfolio in Marvell Technology Group Ltd. (NASDAQ:MRVL) for 433 shares.

It is the net asset value of a company, calculated as total assets minus intangible assets and liabilities.

Marvell Technology Group Ltd. (MRVL) shows its Return on Assets (ROA) value of 0 percent, while the Return on Equity (ROE) value is 0 percent and Return on Investment (ROI) value stands at 0.7 percent.

VWR Corp (VWR) shares are moving today on volatility 0.18% or $0.06 from the open. About 2.82M shares traded. Marvell Technology Group Ltd. (NASDAQ:MRVL) has risen 64.54% since August 30, 2016 and is uptrending. It has outperformed by 47.84% the S&P500.

Marvell Technology Group (NASDAQ:MRVL) last announced its quarterly earnings data on Thursday, August 24th. Adjusted EPS of 0.30 per share was a 67% raise and also beat analyst's expectations of $0.28 per share. MRVL's profit would be $115.54 million giving it 18.63 P/E if the $0.23 EPS is correct. The semiconductor company reported $0.25 earnings per share for the quarter, missing analysts' consensus estimates of $0.28 by $0.03. The 10% Owner disposed these shares by way of transaction on December 06, 2016. Ishares Tr (IDV) was raised too. Two equity analysts rating the company a strong buy, three equity analysts rating the company a buy, sixteen equity analysts rating the company a hold, two equity analysts rating the company a underperform, and finally one equity analyst rating the company a sell with a one year target of $10.86. Therefore 52% are positive. The lowest target is $70.0 while the high is $87.0.

Marvell Technology Group Ltd. shares increased 8.95 percent over the past week and rose 7.44 percent over the previous month. Loop Capital Markets has "Buy" rating and $22.0 target. The stock of Capella Education Company (NASDAQ:CPLA) has "Equal-Weight" rating given on Friday, November 18 by First Analysis.

A number of research firms have issued reports on MRVL. The company was maintained on Friday, September 11 by M Partners. As per Wednesday, March 1, the company rating was upgraded by Goldman Sachs. The firm earned "Neutral" rating on Monday, June 26 by Goldman Sachs. Jefferies maintained it with "Hold" rating and $1900 target in Monday, July 10 report.

Short interest is another tool that analysts use to gauge investor sentiment. Its down 0.10, from 1.01 in 2016Q3. It is positive, as 25 investors sold MRVL shares while 106 reduced holdings. State Of Tennessee Treasury Department reported 993,965 shares. Highvista Strategies Ltd Com holds 0.3% or 109,796 shares in its portfolio. With an institutional ownership near 78.7%, it carries an earnings per share ratio of 0.3. Canada Pension Plan Investment Board boosted its position in Marvell Technology Group by 25.8% in the first quarter. Jpmorgan Chase And Co, a New York-based fund reported 2.74 million shares. Dnb Asset Mgmt As accumulated 69,198 shares. Afam Capital has invested 0.5% of its portfolio in Marvell Technology Group Ltd. (NASDAQ:MRVL). Employees Retirement Association Of Colorado reported 0.01% of its portfolio in Marvell Technology Group Ltd. (NASDAQ:MRVL).

Marvell Technology Group Ltd. (NASDAQ:MRVL) may have great momentum, but how has it been performing relative to the market?

Marvell Technology Group Ltd.is a semiconductor provider of application-specific standard products. TheStreet upgraded Marvell Technology Group from a "c" rating to a "b" rating in a report on Thursday, May 25th. Tocqueville Asset Lp reported 0.01% stake. Overall, 14.62 Million shares exchanged hands versus its average trading volume of 6.95 Million shares. Hussman Strategic Advisors holds 0.57% or 205,000 shares. Hotchkis & Wiley Capital Management LLC now owns 3,045,688 shares with a value of $50,315,000. The company has market cap of $563,650. The California-based Oaktree Capital Management Lp has invested 3.09% in the stock.

Since January 1, 0001, it had 0 insider purchases, and 5 sales for $1.04 million activity.

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