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Marvell Technology Group Ltd. (MRVL): Insiders Aren’t Crazy About It

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Marvell Technology Group Ltd. (NASDAQ:MRVL) was in 38 hedge funds’ portfolio at the end of March. MRVL investors should pay attention to an increase in enthusiasm from smart money of late. There were 35 hedge funds in our database with MRVL holdings at the end of the previous quarter.

In today’s marketplace, there are many gauges investors can use to track publicly traded companies. A duo of the most under-the-radar are hedge fund and insider trading movement. At Insider Monkey, our research analyses have shown that, historically, those who follow the top picks of the top fund managers can outperform the S&P 500 by a superb amount (see just how much).

Marvell Technology Group Ltd.Just as beneficial, optimistic insider trading activity is another way to parse down the investments you’re interested in. As the old adage goes: there are lots of incentives for an insider to get rid of shares of his or her company, but only one, very clear reason why they would buy. Various empirical studies have demonstrated the useful potential of this method if piggybackers understand where to look (learn more here).

With these “truths” under our belt, it’s important to take a gander at the recent action encompassing Marvell Technology Group Ltd. (NASDAQ:MRVL).

What does the smart money think about Marvell Technology Group Ltd. (NASDAQ:MRVL)?

Heading into Q2, a total of 38 of the hedge funds we track were long in this stock, a change of 9% from one quarter earlier. With hedgies’ sentiment swirling, there exists a select group of noteworthy hedge fund managers who were increasing their holdings significantly.

Of the funds we track, David Einhorn’s Greenlight Capital had the biggest position in Marvell Technology Group Ltd. (NASDAQ:MRVL), worth close to $547.6 million, accounting for 8.4% of its total 13F portfolio. The second largest stake is held by Platinum Asset Management, managed by Kerr Neilson, which held a $99 million position; the fund has 2.2% of its 13F portfolio invested in the stock. Some other hedgies that are bullish include Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital, Bill Miller’s Legg Mason Capital Management and Cliff Asness’s AQR Capital Management.

As one would reasonably expect, some big names were leading the bulls’ herd. AQR Capital Management, managed by Cliff Asness, initiated the most valuable position in Marvell Technology Group Ltd. (NASDAQ:MRVL). AQR Capital Management had 55 million invested in the company at the end of the quarter. Joseph A. Jolson’s Harvest Capital Strategies also made a $11 million investment in the stock during the quarter. The other funds with new positions in the stock are Joel Greenblatt’s Gotham Asset Management, Dmitry Balyasny’s Balyasny Asset Management, and Israel Englander’s Millennium Management.

What do corporate executives and insiders think about Marvell Technology Group Ltd. (NASDAQ:MRVL)?

Insider purchases made by high-level executives is best served when the company in focus has seen transactions within the past six months. Over the last six-month time frame, Marvell Technology Group Ltd. (NASDAQ:MRVL) has seen zero unique insiders purchasing, and 1 insider sales (see the details of insider trades here).

Let’s go over hedge fund and insider activity in other stocks similar to Marvell Technology Group Ltd. (NASDAQ:MRVL). These stocks are Analog Devices, Inc. (NASDAQ:ADI), Semtech Corporation (NASDAQ:SMTC), Xilinx, Inc. (NASDAQ:XLNX), IPG Photonics Corporation (NASDAQ:IPGP), and Skyworks Solutions Inc (NASDAQ:SWKS). All of these stocks are in the semiconductor – integrated circuits industry and their market caps resemble MRVL’s market cap.

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