Financial Institutions (MOFG) Position Held by Metropolitan Life Insurance Company; As Marvell Technology Group LTD (MRVL) Valuation Rose, Starboard Value LP Trimmed Stake

Marvell Technology Group Ltd. (NASDAQ:MRVL) Logo

Starboard Value Lp decreased its stake in Marvell Technology Group Ltd (MRVL) by 44.73% based on its latest 2019Q1 regulatory filing with the SEC. Starboard Value Lp sold 16.05 million shares as the company’s stock rose 6.40% . The hedge fund held 19.83 million shares of the semiconductors company at the end of 2019Q1, valued at $394.44M, down from 35.88M at the end of the previous reported quarter. Starboard Value Lp who had been investing in Marvell Technology Group Ltd for a number of months, seems to be less bullish one the $15.92B market cap company. The stock decreased 2.51% or $0.62 during the last trading session, reaching $24.08. About 7.89 million shares traded. Marvell Technology Group Ltd. (NASDAQ:MRVL) has risen 23.63% since August 16, 2018 and is uptrending. It has outperformed by 23.63% the S&P500. Some Historical MRVL News: 08/03/2018 – MARVELL TECH 4Q ADJ EPS 32C, EST. 31C; 16/03/2018 – MARVELL TECHNOLOGY GROUP SAYS EXPECTS TRANSACTION TO CLOSE MID-CALENDAR YEAR 2018; 08/03/2018 – MARVELL TECH SEES 1Q ADJ EPS CONT OPS 29C TO 33C; 24/05/2018 – MARVELL: CFIUS FOUND NO UNRESOLVED NATL SECURITY CONCERNS; 09/03/2018 – Marvell Tech Short-Interest Ratio Rises 60% to 7 Days; 08/03/2018 – Marvell Technology Sees 1Q Cont Ops EPS 22c-EPS 26c; 08/03/2018 – Marvell Technology 4Q Net $48.8M; 08/03/2018 – Marvell Technology 4Q EPS 10c; 08/03/2018 – MARVELL TECH 4Q ADJ EPS CONT OPS 32C, EST. 31C; 25/05/2018 – San Jose Bus Jrn: Exclusive: Here’s the privacy-protecting cloud storage idea Marvell’s co-founder is about to unveil

Metropolitan Life Insurance Company increased its stake in Financial Institutions Inc (MOFG) by 739.58% based on its latest 2019Q1 regulatory filing with the SEC. Metropolitan Life Insurance Company bought 29,302 shares as the company’s stock rose 11.56% . The institutional investor held 33,264 shares of the finance company at the end of 2019Q1, valued at $788,000, up from 3,962 at the end of the previous reported quarter. Metropolitan Life Insurance Company who had been investing in Financial Institutions Inc for a number of months, seems to be bullish on the $472.26 million market cap company. The stock decreased 0.10% or $0.03 during the last trading session, reaching $29.04. About 10,027 shares traded. MidWestOne Financial Group, Inc. (NASDAQ:MOFG) has declined 4.10% since August 16, 2018 and is downtrending. It has underperformed by 4.10% the S&P500. Some Historical MOFG News: 04/05/2018 – MidWestOne Names Barry S. Ray As CFO; 26/04/2018 – Emerald Mutual Fund Advisers TRS Exits MidWestOne Financial; 15/05/2018 – Basswood Capital Management Buys 1.4% of MidWestOne Financial; 20/04/2018 DJ MidWestOne Financial Group Inc, Inst Holders, 1Q 2018 (MOFG); 04/05/2018 – MIDWESTONE FINANCIAL GROUP INC – RAY WILL REPLACE JAMES M. CANTRELL; 04/05/2018 – MIDWESTONE FINANCIAL GROUP INC – RAY WILL ALSO SERVE AS PRINCIPAL FINANCIAL OFFICER AND PRINCIPAL ACCOUNTING OFFICER ON COMPANY; 04/05/2018 – MIDWESTONE FINANCIAL GROUP – BARRY S. RAY HAS BEEN APPOINTED TO POSITION OF CFO OF COMPANY AND MIDWESTONE BANK, BEGINNING JUNE 4, 2018 – SEC FILING

Analysts await Marvell Technology Group Ltd. (NASDAQ:MRVL) to report earnings on September, 5. They expect $0.05 EPS, down 72.22% or $0.13 from last year’s $0.18 per share. MRVL’s profit will be $33.05M for 120.40 P/E if the $0.05 EPS becomes a reality. After $0.07 actual EPS reported by Marvell Technology Group Ltd. for the previous quarter, Wall Street now forecasts -28.57% negative EPS growth.

Investors sentiment increased to 1.21 in 2019 Q1. Its up 0.28, from 0.93 in 2018Q4. It is positive, as 37 investors sold MRVL shares while 97 reduced holdings. 48 funds opened positions while 114 raised stakes. 647.93 million shares or 6.17% more from 610.28 million shares in 2018Q4 were reported. Sector Pension Inv Board, Quebec – Canada-based fund reported 181,000 shares. Cap Fund Mgmt Sa holds 215,818 shares. Swiss Bancorporation accumulated 2.09M shares. Greenwood Capital Assocs Limited Company has invested 0.14% in Marvell Technology Group Ltd. (NASDAQ:MRVL). Walleye Trading Limited Com reported 0.01% of its portfolio in Marvell Technology Group Ltd. (NASDAQ:MRVL). Zacks Invest Mgmt has invested 0% in Marvell Technology Group Ltd. (NASDAQ:MRVL). Andra Ap has 104,800 shares. Shellback Cap Lp accumulated 350,000 shares. Bancorporation Of America Corp De, North Carolina-based fund reported 8.22M shares. Suntrust Banks Inc invested in 0% or 18,018 shares. Charles Schwab Inv Mgmt accumulated 2.69 million shares. Sandler Capital Management holds 0.05% or 34,200 shares. Cibc Ww Markets invested in 11,406 shares. Alliancebernstein Limited Partnership holds 0.03% or 2.10 million shares. Thompson Invest has 31,504 shares.

More notable recent Marvell Technology Group Ltd. (NASDAQ:MRVL) news were published by: Nasdaq.com which released: “Is Marvell Technology Group (MRVL) Stock Outpacing Its Computer and Technology Peers This Year? – Nasdaq” on January 25, 2019, also Nasdaq.com with their article: “Notable Wednesday Option Activity: IDCC, MRVL, WEX – Nasdaq” published on April 17, 2019, Finance.Yahoo.com published: “Should You Buy Marvell Technology Group Ltd. (NASDAQ:MRVL) For Its Dividend? – Yahoo Finance” on June 12, 2019. More interesting news about Marvell Technology Group Ltd. (NASDAQ:MRVL) were released by: Benzinga.com and their article: “28 Technology Stocks Moving In Wednesday’s Pre-Market Session – Benzinga” published on August 14, 2019 as well as Nasdaq.com‘s news article titled: “Is Marvell Technology Group (MRVL) Outperforming Other Computer and Technology Stocks This Year? – Nasdaq” with publication date: January 08, 2019.

Since April 30, 2019, it had 3 insider purchases, and 0 sales for $45,810 activity. On Friday, May 3 the insider Hartig Richard J bought $29,036. 500 shares valued at $13,934 were bought by True Douglas K on Wednesday, June 5.

Metropolitan Life Insurance Company, which manages about $14.10B and $5.10B US Long portfolio, decreased its stake in Lam Research Corp (NYSE:UPS) by 92,040 shares to 44,141 shares, valued at $5.10 million in 2019Q1, according to the filing. It also reduced its holding in Northrop Grumman Corp (NYSE:CPE) by 107,778 shares in the quarter, leaving it with 25,449 shares, and cut its stake in Genuine Parts.

MidWestOne Financial Group, Inc. (NASDAQ:MOFG) Institutional Positions Chart

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