A Reversal for Marvell Technology Group LTD. (NASDAQ:MRVL) Is Not Near. The Stock Has Rise in Shorts

Marvell Technology Group Ltd. (NASDAQ:MRVL) Logo

Investors sentiment decreased to 0.93 in 2018 Q4. Its down 0.53, from 1.46 in 2018Q3. It worsened, as 39 investors sold Marvell Technology Group Ltd. shares while 114 reduced holdings. 46 funds opened positions while 97 raised stakes. 610.28 million shares or 1.18% more from 603.15 million shares in 2018Q3 were reported.
Amer International Grp Incorporated Inc reported 10,950 shares. Signaturefd Limited Liability Corporation reported 0% in Marvell Technology Group Ltd. (NASDAQ:MRVL). Royal State Bank Of Canada reported 348,203 shares. Alpine Woods Cap Investors Ltd Liability Corp owns 41,000 shares. Whittier Of Nevada, Nevada-based fund reported 1,175 shares. Franklin invested 0% in Marvell Technology Group Ltd. (NASDAQ:MRVL). Teton invested 0.08% of its portfolio in Marvell Technology Group Ltd. (NASDAQ:MRVL). Proshare Advsrs Ltd Co reported 47,810 shares. Harber Asset Ltd Liability stated it has 3.96% in Marvell Technology Group Ltd. (NASDAQ:MRVL). Huntington Natl Bank invested 0% of its portfolio in Marvell Technology Group Ltd. (NASDAQ:MRVL). 11,239 are owned by Ghp Investment Advisors. Netherlands-based Apg Asset Mgmt Nv has invested 0.01% in Marvell Technology Group Ltd. (NASDAQ:MRVL). Deutsche State Bank Ag holds 894,239 shares or 0.01% of its portfolio. Hsbc Public Llc accumulated 754,403 shares. The California-based California State Teachers Retirement Systems has invested 0.04% in Marvell Technology Group Ltd. (NASDAQ:MRVL).

The stock of Marvell Technology Group LTD. (NASDAQ:MRVL) registered an increase of 5.75% in short interest. MRVL’s total short interest was 27.73M shares in March as published by FINRA. Its up 5.75% from 26.23M shares, reported previously. With 11.61 million shares average volume, it will take short sellers 2 days to cover their MRVL’s short positions.

The stock increased 3.76% or $0.73 during the last trading session, reaching $20.14. About 15.76M shares traded or 33.59% up from the average. Marvell Technology Group Ltd. (NASDAQ:MRVL) has declined 13.60% since March 17, 2018 and is downtrending. It has underperformed by 17.97% the S&P500.

Marvell Technology Group Ltd. designs, develops, and markets analog, mixed-signal, digital signal processing, and embedded and standalone integrated circuits. The company has market cap of $13.24 billion. It offers a range of storage products, such as hard disk drive and solid-state drive controllers, as well as HDD components, such as HDD preamps components; and develops software enabled silicon solutions consisting of serial advanced technology attachment port multipliers, bridges, serial attached SCSI, and non-volatile memory express redundant array of independent disks controllers and converged storage processors for enterprise, data centers, and cloud computing businesses. It currently has negative earnings. The firm also provides networking products comprising Ethernet solutions comprising Ethernet switches, Ethernet physical-layer transceivers, and single-chip network interface devices; and embedded communication processors.

Marvell Technology Group Ltd. (NASDAQ:MRVL) Ratings Coverage

Among 16 analysts covering Marvell Technology Group (NASDAQ:MRVL), 14 have Buy rating, 0 Sell and 2 Hold. Therefore 88% are positive. Marvell Technology Group had 25 analyst reports since October 10, 2018 according to SRatingsIntel. Macquarie Research upgraded the stock to “Outperform” rating in Tuesday, February 19 report. The stock has “Buy” rating by FBR Capital on Wednesday, February 27. On Friday, March 8 the stock rating was maintained by Oppenheimer with “Buy”. The firm has “Buy” rating given on Friday, March 8 by UBS. The firm has “Buy” rating given on Wednesday, March 13 by Macquarie Research. The company was maintained on Thursday, December 6 by Citigroup. The stock of Marvell Technology Group Ltd. (NASDAQ:MRVL) earned “Buy” rating by Susquehanna on Friday, March 8. The firm earned “Hold” rating on Thursday, February 7 by Craig Hallum. The stock of Marvell Technology Group Ltd. (NASDAQ:MRVL) has “Buy” rating given on Monday, December 3 by Deutsche Bank. The firm earned “Buy” rating on Friday, March 8 by Rosenblatt.

More notable recent Marvell Technology Group Ltd. (NASDAQ:MRVL) news were published by: Nasdaq.com which released: “Marvell’s (MRVL) New HSM Solution to Aid Networking Business – Nasdaq” on March 05, 2019, also Nasdaq.com with their article: “Marvell (MRVL) Q2 Earnings Lag, Sales Up on Storage Demand – Nasdaq” published on September 07, 2018, 247Wallst.com published: “Why Semiconductor Stocks Could Get Red Hot After Huge Nvidia Deal – 24/7 Wall St.” on March 12, 2019. More interesting news about Marvell Technology Group Ltd. (NASDAQ:MRVL) were released by: 247Wallst.com and their article: “Target, Costco, Dollar Tree and More Major Earnings Coming This Week – 24/7 Wall St.” published on March 03, 2019 as well as Nasdaq.com‘s news article titled: “Marvell (MRVL) Up 1.1% Since Earnings Report: Can It Continue? – Nasdaq” with publication date: July 02, 2018.

Marvell Technology Group Ltd. (NASDAQ:MRVL) Ratings Chart

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