Kings Point Capital Management Has Decreased Boeing Co Com (BA) Holding; Marvell Technology Group (MRVL) Shorts Up By 180.62%

February 17, 2018 - By whatsonthorold

Marvell Technology Group (NASDAQ:MRVL) had an increase of 180.62% in short interest. MRVL’s SI was 32.27M shares in February as released by FINRA. Its up 180.62% from 11.50M shares previously. With 20.95M avg volume, 2 days are for Marvell Technology Group (NASDAQ:MRVL)’s short sellers to cover MRVL’s short positions. The SI to Marvell Technology Group’s float is 8.4%. The stock decreased 0.26% or $0.06 during the last trading session, reaching $22.68. About 5.16 million shares traded. Marvell Technology Group Ltd. (NASDAQ:MRVL) has risen 64.54% since February 17, 2017 and is uptrending. It has outperformed by 47.84% the S&P500.

Kings Point Capital Management decreased Boeing Co Com (BA) stake by 3.97% reported in 2017Q3 SEC filing. Kings Point Capital Management sold 2,065 shares as Boeing Co Com (BA)’s stock rose 4.66%. The Kings Point Capital Management holds 49,930 shares with $12.69 million value, down from 51,995 last quarter. Boeing Co Com now has $208.94B valuation. The stock decreased 0.40% or $1.42 during the last trading session, reaching $355.04. About 5.21 million shares traded or 6.49% up from the average. The Boeing Company (NYSE:BA) has risen 41.13% since February 17, 2017 and is uptrending. It has outperformed by 24.43% the S&P500.

Investors sentiment decreased to 0.81 in Q3 2017. Its down 0.05, from 0.86 in 2017Q2. It dived, as 50 investors sold BA shares while 609 reduced holdings. 165 funds opened positions while 367 raised stakes. 411.79 million shares or 1.95% less from 419.99 million shares in 2017Q2 were reported. Signature Finance Management has invested 0.09% in The Boeing Company (NYSE:BA). Oakmont reported 93,879 shares. Alesco Ltd Liability has 0.01% invested in The Boeing Company (NYSE:BA) for 848 shares. Bremer Natl Association holds 0.07% of its portfolio in The Boeing Company (NYSE:BA) for 940 shares. Apg Asset Mgmt Nv has 0.58% invested in The Boeing Company (NYSE:BA) for 1.38 million shares. Voloridge Invest Management Ltd Liability Company reported 291,403 shares. Jones Financial Lllp invested 0% of its portfolio in The Boeing Company (NYSE:BA). Argent reported 0.54% in The Boeing Company (NYSE:BA). Gamble Jones Invest Counsel owns 0.41% invested in The Boeing Company (NYSE:BA) for 15,630 shares. 2,930 were reported by Coastline Tru Comm. Dumont And Blake Invest Ltd reported 5,545 shares. Art Ltd Liability Company has invested 0.49% in The Boeing Company (NYSE:BA). Guinness Asset Management reported 17,800 shares. Butensky Cohen Fin Security accumulated 1.7% or 7,543 shares. Willingdon Wealth Mgmt reported 771 shares.

Among 25 analysts covering Boeing (NYSE:BA), 17 have Buy rating, 1 Sell and 7 Hold. Therefore 68% are positive. Boeing had 103 analyst reports since August 26, 2015 according to SRatingsIntel. On Friday, March 24 the stock rating was maintained by Jefferies with “Buy”. The stock has “Underperform” rating by RBC Capital Markets on Thursday, January 12. Wells Fargo maintained it with “Hold” rating and $290.0 target in Tuesday, December 12 report. The stock of The Boeing Company (NYSE:BA) has “Buy” rating given on Monday, February 5 by Berenberg. The company was upgraded on Friday, July 14 by JP Morgan. As per Friday, September 1, the company rating was maintained by RBC Capital Markets. As per Thursday, September 3, the company rating was maintained by RBC Capital Markets. Cowen & Co maintained The Boeing Company (NYSE:BA) rating on Monday, July 24. Cowen & Co has “Buy” rating and $25500 target. The firm earned “Buy” rating on Friday, September 22 by Jefferies. The stock has “Buy” rating by Standpoint Research on Wednesday, August 26.

Kings Point Capital Management increased Jp Morgan Chase & Co Com (NYSE:JPM) stake by 4,808 shares to 40,521 valued at $3.87 million in 2017Q3. It also upped Amazon Com Inc (NASDAQ:AMZN) stake by 425 shares and now owns 5,692 shares. Illinois Tool Wks Inc (NYSE:ITW) was raised too.

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 $11.25 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 29.69 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.

Among 36 analysts covering Marvell Technology Group (NASDAQ:MRVL), 23 have Buy rating, 1 Sell and 12 Hold. Therefore 64% are positive. Marvell Technology Group had 115 analyst reports since August 5, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Tuesday, December 6 by Loop Capital. Nomura maintained Marvell Technology Group Ltd. (NASDAQ:MRVL) rating on Friday, September 25. Nomura has “Buy” rating and $14 target. The firm has “Equal-Weight” rating by Morgan Stanley given on Wednesday, December 13. Needham downgraded Marvell Technology Group Ltd. (NASDAQ:MRVL) on Monday, September 14 to “Hold” rating. FBR Capital maintained Marvell Technology Group Ltd. (NASDAQ:MRVL) on Monday, November 6 with “Buy” rating. Brean Capital downgraded the shares of MRVL in report on Friday, September 11 to “Hold” rating. The rating was maintained by B. Riley & Co with “Buy” on Monday, August 21. The firm earned “Buy” rating on Tuesday, November 21 by Craig Hallum. Susquehanna maintained the stock with “Buy” rating in Friday, May 26 report. The firm has “Neutral” rating by UBS given on Monday, September 14.

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