Marvell Technology Group Ltd. (NASDAQ:MRVL) recovered 44.98% of its value since hitting low of $14.34. The recent move of 3.9% gain helped the stock to close at $20.79 when trading ended on 3/21/2019. At a recent session, the prices were hovering between $20 and $20.98. This company shares are 11.26% off its target price of $23.13 and the current market capitalization stands at $13.17B. The recent change has given its price a 11.06% lead over SMA 50 and -11.08% deficit over its 52-week high. The stock witnessed 5% gains, 34.65% gains and 11.41% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found MRVL’s volatility during a week at 2.9% and during a month it has been found around 2.57%.

Marvell Technology Group Ltd. (MRVL) Top Holders

Institutional investors currently hold around $12.81 billion or 99.6% in MRVL stock. Look at its top three institutional owners: Fmr Llc owns $1.62 billion in Marvell Technology Group Ltd., which represents roughly 12.28% of the company’s market cap and approximately 12.63% of the institutional ownership. Similar statistics are true for the second largest owner, Price T Rowe Associates Inc /Md/, which owns 59,671,183 shares of the stock are valued at $1.19 billion. The third largest holder is Vanguard Group Inc, which currently holds $1.12 billion worth of this stock and that ownership represents nearly 8.49% of its market capitalization.

Marvell Technology Group Ltd. 13F Filings

At the end of December reporting period, 187 institutional holders increased their position in Marvell Technology Group Ltd. (NASDAQ:MRVL) by some 76,463,331 shares, 207 decreased positions by 72,679,599 and 51 held positions by 490,842,026. That puts total institutional holdings at 639,984,956 shares, according to SEC filings. The stock grabbed 60 new institutional investments totaling 13,452,595 shares while 63 institutional investors sold out their entire positions totaling 12,652,501 shares.

Marvell Technology Group Ltd. (MRVL) Analyst Guide

Several analysts have released their opinion on Marvell Technology Group Ltd. (NASDAQ:MRVL), with 9 analysts believing it is a strong buy. Whereas 2 of them predict the stock is a hold. Also, there are 12 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1.7 average brokerage recommendation [T1].