What after Robert Kane’s Insider Acquisition of S&T Bancorp, Inc. (STBA) Stock?; Marvell Technology Group LTD Has 1.25 Sentiment

Marvell Technology Group Ltd. (NASDAQ:MRVL) Logo

Sentiment for Marvell Technology Group LTD (MRVL)

Marvell Technology Group LTD (MRVL) investors sentiment increased to 1.25 in 2017 Q4. It’s up 0.15, from 1.1 in 2017Q3. The ratio is better, as 159 investment professionals increased and opened new stock positions, while 127 decreased and sold their positions in Marvell Technology Group LTD. The investment professionals in our database now possess: 434.31 million shares, up from 376.98 million shares in 2017Q3. Also, the number of investment professionals holding Marvell Technology Group LTD in top ten stock positions decreased from 11 to 9 for a decrease of 2. Sold All: 28 Reduced: 99 Increased: 103 New Position: 56.

Another recent and important Marvell Technology Group Ltd. (NASDAQ:MRVL) news was published by Fool.com which published an article titled: “Here’s Why Marvell’s Pending Purchase of Cavium Networks Looks Brilliant” on May 12, 2018.

Marvell Technology Group Ltd. designs, develops, and markets analog, mixed-signal, digital signal processing, and embedded and standalone integrated circuits. The company has market cap of $10.86 billion. It offers a range of storage products, such as hard disk drive and solid-state drive controllers, as well as HDD components, such as HDD preamps components; and develops software enabled silicon solutions consisting of serial advanced technology attachment port multipliers, bridges, serial attached SCSI, and non-volatile memory express redundant array of independent disks controllers and converged storage processors for enterprise, data centers, and cloud computing businesses. It has a 21.4 P/E ratio. The firm also provides networking products comprising Ethernet solutions comprising Ethernet switches, Ethernet physical-layer transceivers, and single-chip network interface devices; and embedded communication processors.

Ratings analysis reveals 50% of Marvell’s analysts are positive. Out of 6 Wall Street analysts rating Marvell, 3 give it “Buy”, 2 “Sell” rating, while 1 recommend “Hold”. The lowest target is $12.0 while the high is $17.5. The stock’s average target of $15.17 is -30.64% below today’s ($21.87) share price. MRVL was included in 6 notes of analysts from September 6, 2016. Loop Capital initiated Marvell Technology Group Ltd. (NASDAQ:MRVL) on Tuesday, December 6 with “Buy” rating. The stock has “Outperform” rating by Credit Suisse on Wednesday, October 12. Goldman Sachs downgraded the shares of MRVL in report on Monday, December 5 to “Sell” rating. As per Tuesday, September 20, the company rating was initiated by Susquehanna. As per Tuesday, September 6, the company rating was maintained by Cowen & Co. On Thursday, December 1 the stock rating was maintained by UBS with “Sell”.

The stock increased 0.78% or $0.17 during the last trading session, reaching $21.87. About 3.69M shares traded. Marvell Technology Group Ltd. (MRVL) has risen 35.98% since May 17, 2017 and is uptrending. It has outperformed by 24.43% the S&P500.

Analysts await Marvell Technology Group Ltd. (NASDAQ:MRVL) to report earnings on May, 31 after the close. They expect $0.26 earnings per share, up 30.00% or $0.06 from last year’s $0.2 per share. MRVL’s profit will be $129.08M for 21.03 P/E if the $0.26 EPS becomes a reality. After $0.28 actual earnings per share reported by Marvell Technology Group Ltd. for the previous quarter, Wall Street now forecasts -7.14% negative EPS growth.

Starboard Value Lp holds 17.71% of its portfolio in Marvell Technology Group Ltd. for 33.72 million shares. Glaxis Capital Management Llc owns 321,080 shares or 9.63% of their US portfolio. Moreover, Contour Asset Management Llc has 8.42% invested in the company for 7.07 million shares. The New York-based Roystone Capital Management Lp has invested 6.32% in the stock. 13D Management Llc, a New York-based fund reported 840,314 shares.

The insider, and S&T Bancorp Inc’s director, Robert Kane, purchased 1,000 company shares on 16-05-2018, worth about $43,916 (at $43.9 per share). This transaction decreased his ownership of the Company to 0.01% market cap or 3,003 shares.

Among 7 analysts covering S&T Bancorp (NASDAQ:STBA), 2 have Buy rating, 0 Sell and 5 Hold. Therefore 29% are positive. S&T Bancorp has $46.5 highest and $31 lowest target. $37.80’s average target is -14.90% below currents $44.42 stock price. S&T Bancorp had 20 analyst reports since July 22, 2015 according to SRatingsIntel. As per Friday, October 20, the company rating was maintained by Keefe Bruyette & Woods. The firm has “Hold” rating given on Saturday, August 22 by Zacks. The rating was downgraded by Piper Jaffray on Wednesday, November 16 to “Neutral”. The company was downgraded on Wednesday, October 21 by Keefe Bruyette & Woods. The stock of S&T Bancorp, Inc. (NASDAQ:STBA) earned “Hold” rating by Keefe Bruyette & Woods on Tuesday, October 3. The firm has “Neutral” rating by Piper Jaffray given on Wednesday, July 22. The rating was upgraded by Piper Jaffray on Monday, October 24 to “Overweight”. The firm has “Sector Perform” rating given on Wednesday, July 22 by RBC Capital Markets. The firm has “Hold” rating given on Monday, February 26 by Keefe Bruyette & Woods. The company was maintained on Thursday, July 13 by Piper Jaffray.

Since December 12, 2017, it had 1 buying transaction, and 2 sales for $228,205 activity. RUDDOCK DAVID P had sold 1,754 shares worth $74,306. On Monday, May 14 the insider Kane Robert Edward bought $43,916. The insider MILLER JAMES C sold $197,815.

The stock increased 1.25% or $0.55 during the last trading session, reaching $44.42. About 137,276 shares traded or 24.14% up from the average. S&T Bancorp, Inc. (NASDAQ:STBA) has risen 17.71% since May 17, 2017 and is uptrending. It has outperformed by 6.16% the S&P500.

S&T Bancorp, Inc. operates as the bank holding firm for S&T Bank that provides retail and commercial banking services and products. The company has market cap of $1.56 billion. The firm accepts time and demand deposits; and offers commercial and consumer loans, cash management services, and brokerage and trust services, as well as acts as guardian and custodian of employee benefits. It has a 21.28 P/E ratio. It also manages private investment accounts for individuals and institutions.

Another recent and important S&T Bancorp, Inc. (NASDAQ:STBA) news was published by Globenewswire.com which published an article titled: “Factors of Influence in 2018, Key Indicators and Opportunity within NetScout, Entegris, Pinnacle Entertainment, First ..” on May 03, 2018.

Investors sentiment decreased to 1.5 in 2017 Q4. Its down 0.09, from 1.59 in 2017Q3. It dived, as 8 investors sold S&T Bancorp, Inc. shares while 34 reduced holdings. 16 funds opened positions while 47 raised stakes. 19.73 million shares or 2.60% more from 19.24 million shares in 2017Q3 were reported. Private Wealth Advisors stated it has 0.1% of its portfolio in S&T Bancorp, Inc. (NASDAQ:STBA). State Of Alaska Department Of Revenue reported 6,979 shares. Great West Life Assurance Can reported 47,714 shares or 0% of all its holdings. Credit Suisse Ag holds 0% or 57,551 shares. State Teachers Retirement invested 0.01% of its portfolio in S&T Bancorp, Inc. (NASDAQ:STBA). Zurcher Kantonalbank (Zurich Cantonalbank) has 2,464 shares. Bahl Gaynor stated it has 75,626 shares or 0.03% of all its holdings. Invesco reported 118,135 shares. Dixon Hubard Feinour And Brown Va owns 13,626 shares. Philadelphia Trust Company has invested 0.05% of its portfolio in S&T Bancorp, Inc. (NASDAQ:STBA). Citadel Ltd Liability holds 26,315 shares. Intll Gp owns 27,411 shares. Arizona State Retirement Sys holds 0.02% or 58,795 shares in its portfolio. Wharton Business Grp Ltd invested in 0.07% or 18,083 shares. Sterling Mngmt Ltd Liability Co reported 28,442 shares stake.

S&T Bancorp, Inc. (NASDAQ:STBA) Institutional Positions Chart