Marvell Technology Group Ltd. (MRVL): Is Now The Time to Take Profits?

Page 1 of 2

Shares of Marvell Technology Group Ltd. (NASDAQ:MRVL) are up more than 60% year-to-date, so is now the time to take profits?

To the average investor, there are a multitude of methods investors can use to analyze publicly traded companies. A duo of the most under-the-radar are hedge fund and insider trading interest. At Insider Monkey, our studies have shown that, historically, those who follow the best picks of the top hedge fund managers can outclass the broader indices by a very impressive amount (see just how much).

Just as crucial, positive insider trading sentiment is a second way to analyze the world of equities. There are a variety of motivations for a bullish insider to get rid of shares of his or her company, but only one, very simple reason why they would initiate a purchase. Several academic studies have demonstrated the impressive potential of this method if shareholders understand what to do (learn more here).

Furthermore, let’s study the newest info for Marvell Technology Group Ltd. (NASDAQ:MRVL).

Marvell Technology Group Ltd. (NASDAQ:MRVL)

Hedge fund activity in Marvell Technology Group Ltd. (NASDAQ:MRVL)

At Q2′s end, a total of 31 of the hedge funds we track were bullish in this stock, a change of -18% from the previous quarter. With hedgies’ sentiment swirling, there exists a select group of notable hedge fund managers who were upping their holdings substantially.

Out of the hedge funds we follow, Greenlight Capital, managed by David Einhorn, holds the biggest position in Marvell Technology Group Ltd. (NASDAQ:MRVL). Greenlight Capital has a $518.6 million position in the stock, comprising 9.7% of its 13F portfolio. Sitting at the No. 2 spot is Cliff Asness of AQR Capital Management, with a $86.7 million position; 0.3% of its 13F portfolio is allocated to the company. Other hedgies that are bullish include Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital, Kerr Neilson’s Platinum Asset Management and Curtis Macnguyen’s Ivory Capital (Investment Mgmt).

Due to the fact Marvell Technology Group Ltd. (NASDAQ:MRVL) has witnessed a fall in interest from the entirety of the hedge funds we track, it’s safe to say that there is a sect of hedge funds that decided to sell off their full holdings in Q1. Interestingly, Sanford J. Colen’s Apex Capital dumped the largest position of the “upper crust” of funds we watch, totaling about $26.5 million in stock, and Matthew Knauer and Mina Faltas of Nokota Management was right behind this move, as the fund dropped about $7.7 million worth. These bearish behaviors are important to note, as total hedge fund interest was cut by 7 funds in Q1.

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

Insider buying made by high-level executives is at its handiest when the company we’re looking at has seen transactions within the past 180 days. Over the latest 180-day time period, Marvell Technology Group Ltd. (NASDAQ:MRVL) has seen zero unique insiders buying, and 1 insider sales (see the details of insider trades here).

We’ll also examine the relationship between both of these indicators 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). This group of stocks belong to the semiconductor – integrated circuits industry and their market caps match MRVL’s market cap.

Page 1 of 2
blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

6 Ways to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Top 15 Billionaires in 2014

5 Pitfalls To Avoid When Buying a Franchise

Top 20 Medical Schools in the US – 2014 Rankings

4 Business Strategies that Turned Jamie Oliver into the World’s Richest Chef

6 Qualities That Make You A Good Team Player

10 High Paying Seasonal Jobs in America this Holiday Season

The 10 Busiest Shipping Lanes in the World

5 Most Valuable Brands in China

The 10 States with Highest Substance Abuse Rates Crippling Their Populace

The Top 10 Things to Do Before You Die That Will Echo for Eternity

The 10 Best Selling Items on Etsy

Top 10 Things to Do in Tokyo, the Greatest City in the World

10 Mistakes on Social Media that Can Harm You and Will Probably Get You Canned

The 10 Best Cities to Find Jobs in 2014

The 10 Most Controversial Songs Of All Time to Hit (and get Banned from) the Airwaves

The 20 Biggest IPOs in US History

The 10 Best Places to Visit in Mexico that Are Beautiful and Safe

7 Bad Habits that Age You Beyond Your Years

The 40 Best Fortune Cookie Sayings That Will Leave You Bemused, Befuddled, or Beguiled

10 Foods to Eat Before a Workout to Make Every Drop of Sweat Count

The 5 Best Documentaries On Netflix You Must See

The Most Heartwarming and Inspirational Story Of This Halloween Season, It Will Make You Cry and Jump For Joy

10 Best Party Songs of All Time to Bring the House Down With

5 New World Order Conspiracy Theories that Will Strangle the World

The 10 Highest Rated Movies of 2014

The 10 Largest Container Shipping Companies in the World

The 10 Largest Armies in the World: Who Should We Be Afraid Of?

Best Warren Buffett Quotes on Money You Need to Hear

The 10 Highest Suicide Rates by Profession

The 20 Most Underrated Movies of All Time

The 10 Fastest Growing Companies in America

The 10 Biggest Outlet Malls in USA

The 5 Most Popular Rap Songs of All Time

The 10 Countries that Eat the Most Meat

The10 Most Expensive Countries to Fly To

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!