Marvell Technology Group Ltd. (MRVL) Upgraded by Oppenheimer: Do Hedge Funds Agree?

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Details of Hedge Funds’ Activity around Marvell Technology Group Ltd. (NASDAQ:MRVL)

David. E. Shaw‘s D E Shaw has the biggest stake in Marvell, worth $172.9 million, which amounts to 0.3% of the total value of its 13F portfolio. Greenlight Capital led by David Einhorn, has the second-largest stake in the company, worth $133 million. Cliff Asness’ AQR Capital Management, Dmitry Balyasny’s Balyasny Asset Management, and Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital are some of the other notable hedge funds having stakes in the company.

As we reported last month, billionaire investors Julian Robertson of Tiger Management and David Einhorn of Greenlight Capital are bullish on Marvell Technology Group Ltd. (NASDAQ:MRVL). These two investors have a great track record and their bullishness in any company should not be ignored.

Given the improving sentiment for Marvell Technology Group Ltd. (NASDAQ:MRVL) among investment firms, and the bullish nature of notable hedge funds, we currently recommend a ‘Buy’ for Marvell Technology Group Ltd. (NASDAQ:MRVL) on its current weakness, with the expectation that the chip market will improve in the second half of the year.

Disclosure: None

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