Investors sold shares of Marvell Technology Group Ltd. (NASDAQ:MRVL) on strength during trading on Friday. $19.63 million flowed into the stock on the tick-up and $40.55 million flowed out of the stock on the tick-down, for a money net flow of $20.92 million out of the stock. Of all stocks tracked, Marvell Technology Group had the 16th highest net out-flow for the day. Marvell Technology Group traded up $0.43 for the day and closed at $11.71

Several research analysts have weighed in on MRVL shares. BMO Capital Markets reissued a “hold” rating on shares of Marvell Technology Group in a report on Monday, June 13th. Jefferies Group reissued a “hold” rating on shares of Marvell Technology Group in a report on Wednesday. Oppenheimer Holdings Inc. reissued a “market perform” rating on shares of Marvell Technology Group in a report on Friday. B. Riley reissued a “buy” rating and issued a $16.00 price target on shares of Marvell Technology Group in a report on Wednesday. Finally, Bank of America Corp. reissued an “underperform” rating and issued a $10.00 price target on shares of Marvell Technology Group in a report on Saturday, April 16th. Three equities research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $10.96.

The firm’s 50 day moving average is $10.03 and its 200-day moving average is $9.68. The company’s market capitalization is $5.93 billion.

Marvell Technology Group (NASDAQ:MRVL) last released its quarterly earnings results on Wednesday, July 27th. The company reported $0.11 EPS for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.02. During the same quarter in the previous year, the firm posted $0.25 earnings per share. On average, analysts predict that Marvell Technology Group Ltd. will post $0.41 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 12th. Shareholders of record on Tuesday, June 14th were paid a $0.06 dividend. The ex-dividend date was Friday, June 10th. This represents a $0.24 dividend on an annualized basis and a yield of 2.05%.

Several large investors have made changes to their positions in the stock. Morgan Stanley boosted its stake in shares of Marvell Technology Group by 37.6% in the fourth quarter. Morgan Stanley now owns 17,512,669 shares of the company’s stock worth $154,461,000 after buying an additional 4,789,328 shares during the period. California Public Employees Retirement System boosted its stake in shares of Marvell Technology Group by 3.2% in the fourth quarter. California Public Employees Retirement System now owns 1,424,034 shares of the company’s stock worth $12,560,000 after buying an additional 44,200 shares during the period. State of Tennessee Treasury Department boosted its stake in shares of Marvell Technology Group by 15.0% in the fourth quarter. State of Tennessee Treasury Department now owns 920,000 shares of the company’s stock worth $8,114,000 after buying an additional 120,000 shares during the period. Russell Frank Co boosted its stake in shares of Marvell Technology Group by 33.0% in the fourth quarter. Russell Frank Co now owns 903,558 shares of the company’s stock worth $7,917,000 after buying an additional 224,250 shares during the period. Finally, Swiss National Bank boosted its stake in shares of Marvell Technology Group by 1.3% in the fourth quarter. Swiss National Bank now owns 749,672 shares of the company’s stock worth $6,612,000 after buying an additional 9,400 shares during the period.

Marvell Technology Group Ltd. (Marvell) is a fabless semiconductor provider of application-specific standard products. The Company develops System-on-a-Chip (SoC) devices. Its product portfolio includes devices for data storage, enterprise-class Ethernet data switching, Ethernet physical-layer transceivers (PHY), mobile handsets, connectivity, Internet-of-Things (IoT) devices and other consumer electronics.

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