Marvell Technology: Institutional Funds Buying Stock in Quarterly Filing
Insiders are generally long-term investors due to restriction in making short-term profits. In contrast, wealth management institutions always have short-term investment. Wall St. Watchdog reveals information regarding the insiders and institutions which recently increased stock shares of Marvell Technology Group Ltd. (NASDAQ:MRVL).
SEC data indicate that these institutions significantly increased their stock shares of Marvell Technology Group Ltd. in Q3 2011:
GREENLIGHT CAPITAL INC: On 06/30/2011, held 0 shares. On 09/30/2011, held 16,640,000 shares, worth $241,612,800.
RCM CAPITAL MANAGEMENT LLC: On 06/30/2011, held 0 shares. On 09/30/2011, held 5,071,111 shares, worth $73,632,532.
PUBLIC EMPLOYEES RETIREMENT ASSOCIATION OF COLORADO: On 06/30/2011, held 0 shares. On 09/30/2011, held 425,700 shares, worth $6,181,164.
LAZARD ASSET MANAGEMENT LLC: On 06/30/2011, held 0 shares. On 09/30/2011, held 369,725 shares, worth $5,368,407.
About the company: Marvell Technology Group Ltd. designs, develops, and markets integrated circuits for communications-related markets. The Company’s products provide the interface between analog signals and the digital information used in computing and communications systems. Marvell’s technology is applied to the broadband data communications market.
Competitors to Watch: Texas Instruments Inc. (NYSE:TXN), Intel Corporation (NASDAQ:INTC), Broadcom Corporation (NASDAQ:BRCM), PLX Technology, Inc. (NASDAQ:PLXT), Standard Microsystems Corp. (NASDAQ:SMSC), PMC-Sierra, Inc. (NASDAQ:PMCS), LSI Corporation (NYSE:LSI), STMicroelectronics N.V. (NYSE:STM), and NVIDIA Corporation (NASDAQ:NVDA).
(Note: Data regarding Marvell Technology Group Ltd.’s stock holdings are sourced from whalewisdom.com. All data are assumed to be accurate.)
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