Published: Sat, January 06, 2018
Finance | By Loren Pratt

Marvell Technology Group (MRVL) Lifted to Buy at ValuEngine

It has a 30.64 P/E ratio. Its product portfolio includes devices for data storage, enterprise-class Ethernet data switching, Ethernet physical-layer transceivers (PHY), wireless connectivity, Internet-of-Things (IoT) devices and multimedia solutions.

Boussard & Gavaudan Investment Management Llp increased Colgate Palmolive Co (CL) stake by 105.44% reported in 2017Q3 SEC filing. Bridgecreek Investment Management Llc bought 7,295 shares as the company's stock rose 5.74% with the market. The institutional investor held 31,161 shares of the railroads company at the end of 2017Q3, valued at $1.69 million, up from 4,550 at the end of the previous reported quarter. Colgate Palmolive Co now has $66.15 billion valuation. The stock increased 1.90% or $0.435 during the last trading session, reaching $23.325. Cintas Corporation (NASDAQ:CTAS) has risen 32.38% since January 4, 2017 and is uptrending. It has underperformed by 9.16% the S&P500.

Among 25 analysts covering Colgate-Palmolive (NYSE:CL), 6 have Buy rating, 1 Sell and 18 Hold. Therefore 64% are positive. HSN had 27 analyst reports since August 7, 2015 according to SRatingsIntel. This is based on a 1-5 scale where 1 indicates a Strong Buy and 5 a Strong Sell. DekaBank Deutsche Girozentrale now owns 37,437 shares of the semiconductor company's stock valued at $648,000 after acquiring an additional 10,713 shares during the period. They now have an outperform rating on the stock. The firm has "Buy" rating by Needham given on Thursday, August 24. RBC Capital Markets maintained it with "Outperform" rating and $91 target in Tuesday, November 3 report. The rating was downgraded by Stifel Nicolaus to "Hold" on Thursday, November 5.

Investors sentiment decreased to 1.1 in Q3 2017. Its the same as in 2017Q2. Active Investors have to observe some key indicators about shares of China Life Insurance Company Limited (LFC). Its down 0.05, from 1.15 in 2017Q2. Tcw Gp reported 73,799 shares or 0.01% of all its holdings. Stewart & Patten Llc has invested 1.62% of its portfolio in Colgate-Palmolive Company (NYSE:CL). This represents an increase of 1% in the number of shares being shorted compared to the previous reading, and implies that investors felt more pessimistic about the stock during the past two weeks.

Clearline Capital Lp, which manages about $865.30M and $137.36M US Long portfolio, upped its stake in Rayonier Advanced Matls Inc (NYSE:RYAM) by 165,882 shares to 250,333 shares, valued at $3.43M in 2017Q3, according to the filing.

A number of research analysts have issued reports on MRVL shares. About 3.20 million shares traded. Vident Advisory Ltd Co holds 22,876 shares. It is negative, as 51 investors sold PG shares while 765 reduced holdings. British Columbia Invest Mngmt holds 0.03% or 238,512 shares in its portfolio. Livforsakringsbolaget Skandia Omsesidigt invested in 0.09% or 17,865 shares. (NASDAQ:HSNI). The California-based Passport Capital Ltd Liability Company has invested 3.5% in HSN, Inc. 376.98 million shares or 2.13% more from 369.12 million shares in 2017Q2 were reported. $363,664 worth of Colgate-Palmolive Company (NYSE:CL) was sold by HANCOCK ELLEN M. The insider Daniels Jennifer sold $539,694. Gardner Lewis Asset Management LP stated it has 753,003 shares or 1.88% of all its holdings. The rating was upgraded by Pacific Crest on Tuesday, June 20 to "Overweight". Shares for $5.65M were sold by MAHON TULLIER KELLY. Oppenheimer reported 70,982 shares. The company had a trading volume of 905,719 shares. The New York-based Roystone Capital Management Lp has invested 5.14% in the stock. Trustmark Comml Bank Tru Department, a Mississippi-based fund reported 12,225 shares.

Ratings analysis reveals 50% of Marvell's analysts are positive. The stock has an average rating of Buy and a consensus price target of $23.92. MRVL was included in 6 notes of analysts from September 6, 2016. Loop Capital reissued a "buy" rating and issued a $26.00 target price on shares of Marvell Technology Group in a research note on Tuesday, November 21st. The stock of Marvell Technology Group Ltd. (NASDAQ:MRVL) earned "Buy" rating by Susquehanna on Monday, July 10.

In the last three months, insiders executed a total of 12 trades. About 11.57 million shares traded or 2103.95% up from the average.

Marvell Technology Group (MRVL) traded up $0.73 during mid-day trading on Friday, reaching $22.20. It has outperformed by 47.84% the S&P500.

PRICE T ROWE ASSOCIATES INC /MD/ raised its stake in Marvell Technology Group Ltd. (NASDAQ:MRVL) by 15.61% during the September 2017 quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. They expect $0.27 EPS, up 50.00% or $0.09 from last year's $0.18 per share. MRVL's profit will be $132.61 million for 21.56 P/E if the $0.27 EPS becomes a reality.

Over the past five trading sessions shares of Marvell Technology Group Ltd. (NASDAQ:MRVL) are 6.17%; 4.98% for the month; 26.47% for the last quarter; 45.68% for the past six-months; and 64.4% for the last 12 months.

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