Marvell Technology Group LTD (MRVL) Shareholder Contour Asset Management LLC Has Raised Holding by $15.11 Million

November 7, 2017 - By Adrian Erickson

Investors sentiment increased to 1.15 in Q2 2017. Its up 0.06, from 1.09 in 2017Q1. It improved, as 27 investors sold MRVL shares while 103 reduced holdings. 52 funds opened positions while 98 raised stakes. 369.12 million shares or 3.48% more from 356.72 million shares in 2017Q1 were reported. Winslow Evans Crocker Incorporated stated it has 0% in Marvell Technology Group Ltd. (NASDAQ:MRVL). State Of Wisconsin Invest Board invested in 0.03% or 487,745 shares. Fny Managed Accounts Limited Liability Corporation reported 1,000 shares. Hanseatic Mgmt holds 0.03% or 3,691 shares. Tcw Grp Incorporated Inc has 0.02% invested in Marvell Technology Group Ltd. (NASDAQ:MRVL). Northwestern Mutual Wealth Management reported 4,008 shares. Captrust Fincl owns 1,000 shares for 0% of their portfolio. Voya Invest Mgmt Ltd Limited Liability Company reported 112,872 shares. Whittier holds 505 shares or 0% of its portfolio. Teacher Retirement System Of Texas has invested 0.27% in Marvell Technology Group Ltd. (NASDAQ:MRVL). Greenwood Cap Associates Ltd Com invested 0.08% in Marvell Technology Group Ltd. (NASDAQ:MRVL). Parkside National Bank And has invested 0% in Marvell Technology Group Ltd. (NASDAQ:MRVL). Magnetar Ltd Llc stated it has 51,432 shares or 0.02% of all its holdings. 238,512 are owned by British Columbia Investment Mngmt Corp. The Alabama-based Andra Ap has invested 0.06% in Marvell Technology Group Ltd. (NASDAQ:MRVL).

Contour Asset Management Llc increased its stake in Marvell Technology Group Ltd (MRVL) by 11.45% based on its latest 2017Q2 regulatory filing with the SEC. Contour Asset Management Llc bought 944,622 shares as the company’s stock rose 1.27% with the market. The hedge fund held 9.19 million shares of the semiconductors company at the end of 2017Q2, valued at $151.87 million, up from 8.25 million at the end of the previous reported quarter. Contour Asset Management Llc who had been investing in Marvell Technology Group Ltd for a number of months, seems to be bullish on the $9.99 billion market cap company. The stock declined 0.25% or $0.05 reaching $20.15 on the news. About 4.32M shares traded. Marvell Technology Group Ltd. (NASDAQ:MRVL) has risen 64.54% since November 7, 2016 and is uptrending. It has outperformed by 47.84% the S&P500.

Contour Asset Management Llc, which manages about $2.80B and $1.66 billion US Long portfolio, decreased its stake in Qorvo Inc (Call) by 891,589 shares to 289,600 shares, valued at $18.34 million in 2017Q2, according to the filing. It also reduced its holding in Logmein Inc (NASDAQ:LOGM) by 111,296 shares in the quarter, leaving it with 643,883 shares, and cut its stake in Iac Interactivecorp (NASDAQ:IACI).

More notable recent Marvell Technology Group Ltd. (NASDAQ:MRVL) news were published by: Zacks.com which released: “Marvell Technology Group (MRVL) Jumps: Stock Rises 9.1% November 07, 2017” on November 07, 2017, also Seekingalpha.com with their article: “Marvell: Significant Accumulation” published on October 09, 2017, Wsj.com published: “Marvell Technology Group in Advanced Talks to Combine With Cavium” on November 03, 2017. More interesting news about Marvell Technology Group Ltd. (NASDAQ:MRVL) were released by: Benzinga.com and their article: “Buy Marvell? The Rumored Deal With Cavium Has Real Potential” published on November 06, 2017 as well as Marketwatch.com‘s news article titled: “Marvell and Cavium in ‘advanced’ talks to merge: report” with publication date: November 03, 2017.

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

Among 33 analysts covering Marvell Technology Group (NASDAQ:MRVL), 18 have Buy rating, 1 Sell and 14 Hold. Therefore 55% are positive. Marvell Technology Group had 95 analyst reports since August 5, 2015 according to SRatingsIntel. The company was maintained on Sunday, August 20 by Cowen & Co. Susquehanna maintained Marvell Technology Group Ltd. (NASDAQ:MRVL) rating on Friday, August 7. Susquehanna has “Positive” rating and $16 target. The rating was maintained by Citigroup on Friday, September 2 with “Sell”. Jefferies maintained it with “Hold” rating and $18.5 target in Friday, August 25 report. The rating was maintained by Loop Capital Markets on Friday, August 25 with “Buy”. The firm has “Buy” rating given on Tuesday, June 13 by Cowen & Co. The stock of Marvell Technology Group Ltd. (NASDAQ:MRVL) earned “Buy” rating by B. Riley & Co on Monday, February 8. B. Riley & Co maintained the stock with “Buy” rating in Monday, August 21 report. The stock of Marvell Technology Group Ltd. (NASDAQ:MRVL) earned “Hold” rating by Brean Capital on Friday, September 11. Susquehanna maintained the shares of MRVL in report on Monday, July 10 with “Buy” rating.

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