Nomura Holdings Inc. Purchases Shares of 32,589 Marvell Technology Group Ltd. (MRVL)

Nomura Holdings Inc. purchased a new stake in Marvell Technology Group Ltd. (NASDAQ:MRVL) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 32,589 shares of the semiconductor company’s stock, valued at approximately $539,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. D.A. Davidson & CO. raised its position in shares of Marvell Technology Group by 10.2% in the second quarter. D.A. Davidson & CO. now owns 6,461 shares of the semiconductor company’s stock valued at $106,000 after purchasing an additional 600 shares during the period. Tower Research Capital LLC TRC raised its position in shares of Marvell Technology Group by 1,740.4% in the first quarter. Tower Research Capital LLC TRC now owns 7,969 shares of the semiconductor company’s stock valued at $122,000 after purchasing an additional 7,536 shares during the period. Creative Planning raised its position in shares of Marvell Technology Group by 39.8% in the second quarter. Creative Planning now owns 10,008 shares of the semiconductor company’s stock valued at $165,000 after purchasing an additional 2,850 shares during the period. United Capital Financial Advisers LLC bought a new stake in shares of Marvell Technology Group in the first quarter valued at approximately $165,000. Finally, First Financial Equity Corporation bought a new stake in shares of Marvell Technology Group in the first quarter valued at approximately $237,000. 76.61% of the stock is currently owned by institutional investors.

In other Marvell Technology Group news, major shareholder Sehat Sutardja sold 537,235 shares of Marvell Technology Group stock in a transaction on Thursday, September 7th. The shares were sold at an average price of $17.57, for a total transaction of $9,439,218.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold 16,229,200 shares of company stock valued at $296,192,758 over the last ninety days. 6.80% of the stock is owned by insiders.

Shares of Marvell Technology Group Ltd. (MRVL) opened at 18.41 on Friday. The firm’s 50-day moving average is $18.08 and its 200 day moving average is $16.63. The stock has a market cap of $9.13 billion, a PE ratio of 35.68 and a beta of 1.13. Marvell Technology Group Ltd. has a 12 month low of $12.30 and a 12 month high of $18.72.

Marvell Technology Group (NASDAQ:MRVL) last posted its quarterly earnings data on Thursday, August 24th. The semiconductor company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.03). The firm had revenue of $604.75 million for 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 firm’s quarterly revenue was up 16.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.18 earnings per share. On average, equities analysts predict that Marvell Technology Group Ltd. will post $1.13 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 26th. Shareholders of record on Tuesday, October 10th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.30%. The ex-dividend date of this dividend is Friday, October 6th. Marvell Technology Group’s payout ratio is 47.06%.

TRADEMARK VIOLATION WARNING: This story was posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this story on another site, it was illegally copied and reposted in violation of international copyright laws. The original version of this story can be viewed at https://ledgergazette.com/2017/10/21/nomura-holdings-inc-purchases-shares-of-32589-marvell-technology-group-ltd-mrvl.html.

A number of analysts recently weighed in on the stock. BMO Capital Markets reaffirmed a “market perform” rating and set a $16.00 target price on shares of Marvell Technology Group in a report on Monday, August 28th. Jefferies Group LLC reaffirmed a “hold” rating and set a $18.50 target price (down previously from $19.00) on shares of Marvell Technology Group in a report on Thursday, August 24th. Cowen and Company reaffirmed a “buy” rating on shares of Marvell Technology Group in a report on Friday, October 13th. Needham & Company LLC reaffirmed a “buy” rating and set a $21.00 target price on shares of Marvell Technology Group in a report on Thursday, August 24th. Finally, BidaskClub lowered shares of Marvell Technology Group from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 2nd. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $19.3

Other hedge funds and other institutional investors have also bought and sold shares of the company. D.A. Davidson & CO. raised its position in shares of Marvell Technology Group by 10.2% in the second quarter. D.A. Davidson & CO. now owns 6,461 shares of the semiconductor company’s stock valued at $106,000 after purchasing an additional 600 shares during the period. Tower Research Capital LLC TRC raised its position in shares of Marvell Technology Group by 1,740.4% in the first quarter. Tower Research Capital LLC TRC now owns 7,969 shares of the semiconductor company’s stock valued at $122,000 after purchasing an additional 7,536 shares during the period. Creative Planning raised its position in shares of Marvell Technology Group by 39.8% in the second quarter. Creative Planning now owns 10,008 shares of the semiconductor company’s stock valued at $165,000 after purchasing an additional 2,850 shares during the period. United Capital Financial Advisers LLC bought a new stake in shares of Marvell Technology Group in the first quarter valued at approximately $165,000. Finally, First Financial Equity Corporation bought a new stake in shares of Marvell Technology Group in the first quarter valued at approximately $237,000. 76.61% of the stock is currently owned by institutional investors.

In other Marvell Technology Group news, major shareholder Sehat Sutardja sold 537,235 shares of Marvell Technology Group stock in a transaction on Thursday, September 7th. The shares were sold at an average price of $17.57, for a total transaction of $9,439,218.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold 16,229,200 shares of company stock valued at $296,192,758 over the last ninety days. 6.80% of the stock is owned by insiders.

Shares of Marvell Technology Group Ltd. (MRVL) opened at 18.41 on Friday. The firm’s 50-day moving average is $18.08 and its 200 day moving average is $16.63. The stock has a market cap of $9.13 billion, a PE ratio of 35.68 and a beta of 1.13. Marvell Technology Group Ltd. has a 12 month low of $12.30 and a 12 month high of $18.72.

Marvell Technology Group (NASDAQ:MRVL) last posted its quarterly earnings data on Thursday, August 24th. The semiconductor company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.03). The firm had revenue of $604.75 million for 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 firm’s quarterly revenue was up 16.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.18 earnings per share. On average, equities analysts predict that Marvell Technology Group Ltd. will post $1.13 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 26th. Shareholders of record on Tuesday, October 10th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.30%. The ex-dividend date of this dividend is Friday, October 6th. Marvell Technology Group’s payout ratio is 47.06%.

TRADEMARK VIOLATION WARNING: This story was posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this story on another site, it was illegally copied and reposted in violation of international copyright laws. The original version of this story can be viewed at https://ledgergazette.com/2017/10/21/nomura-holdings-inc-purchases-shares-of-32589-marvell-technology-group-ltd-mrvl.html.

A number of analysts recently weighed in on the stock. BMO Capital Markets reaffirmed a “market perform” rating and set a $16.00 target price on shares of Marvell Technology Group in a report on Monday, August 28th. Jefferies Group LLC reaffirmed a “hold” rating and set a $18.50 target price (down previously from $19.00) on shares of Marvell Technology Group in a report on Thursday, August 24th. Cowen and Company reaffirmed a “buy” rating on shares of Marvell Technology Group in a report on Friday, October 13th. Needham & Company LLC reaffirmed a “buy” rating and set a $21.00 target price on shares of Marvell Technology Group in a report on Thursday, August 24th. Finally, BidaskClub lowered shares of Marvell Technology Group from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 2nd. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $19.34.

Marvell Technology Group Profile

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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