$0.66 EPS Expected for Ormat Technologies, Inc. (ORA); Contour Asset Management Trimmed Its Marvell Technology Group LTD (MRVL) Stake

Analysts expect Ormat Technologies, Inc. (NYSE:ORA) to report $0.66 EPS on May, 8 after the close.They anticipate $0.07 EPS change or 11.86% from last quarter’s $0.59 EPS. ORA’s profit would be $32.75 million giving it 22.29 P/E if the $0.66 EPS is correct. After having $0.56 EPS previously, Ormat Technologies, Inc.’s analysts see 17.86% EPS growth. About 11,858 shares traded. Ormat Technologies, Inc. (NYSE:ORA) has risen 18.05% since September 22, 2016 and is uptrending. It has outperformed by 8.54% the S&P500.

Contour Asset Management Llc decreased Marvell Technology Group Ltd (MRVL) stake by 21.51% reported in 2016Q4 SEC filing. Contour Asset Management Llc sold 2.66 million shares as Marvell Technology Group Ltd (MRVL)’s stock rose 6.53%. The Contour Asset Management Llc holds 9.72M shares with $134.78M value, down from 12.38M last quarter. Marvell Technology Group Ltd now has $7.48 billion valuation. The stock declined 0.47% or $0.07 reaching $14.95 per share. About 413,853 shares traded. Marvell Technology Group Ltd. (NASDAQ:MRVL) has risen 15.90% since September 22, 2016 and is uptrending. It has outperformed by 6.39% the S&P500.

Analysts await Marvell Technology Group Ltd. (NASDAQ:MRVL) to report earnings on July, 26. They expect $0.16 earnings per share, up 500.00% or $0.20 from last year’s $-0.04 per share. MRVL’s profit will be $80.05M for 23.36 P/E if the $0.16 EPS becomes a reality. After $0.18 actual earnings per share reported by Marvell Technology Group Ltd. for the previous quarter, Wall Street now forecasts -11.11% negative EPS growth.

Among 27 analysts covering Marvell Technology Group (NASDAQ:MRVL), 11 have Buy rating, 2 Sell and 14 Hold. Therefore 41% are positive. Marvell Technology Group had 63 analyst reports since August 5, 2015 according to SRatingsIntel. The rating was maintained by Susquehanna with “Positive” on Friday, August 7. BMO Capital Markets maintained the stock with “Market Perform” rating in Monday, September 14 report. The stock has “Buy” rating by M Partners on Friday, September 11. The firm earned “Sell” rating on Wednesday, October 28 by Citigroup. The rating was maintained by Cowen & Co on Friday, September 11 with “Outperform”. The stock of Marvell Technology Group Ltd. (NASDAQ:MRVL) earned “Buy” rating by Brean Capital on Tuesday, April 5. Nomura maintained it with “Buy” rating and $14 target in Friday, September 25 report. The stock of Marvell Technology Group Ltd. (NASDAQ:MRVL) has “Neutral” rating given on Wednesday, March 1 by Goldman Sachs. The company was maintained on Monday, September 14 by UBS. The firm has “Market Perform” rating by Northland Capital given on Monday, September 14.

Investors sentiment increased to 1.27 in 2016 Q4. Its up 0.20, from 1.07 in 2016Q3. It improved, as 25 investors sold MRVL shares while 106 reduced holdings. 71 funds opened positions while 95 raised stakes. 354.78 million shares or 2.29% less from 363.11 million shares in 2016Q3 were reported. Qvt Limited Partnership, a New York-based fund reported 789,576 shares. Aperio Gru Ltd Liability Corporation owns 55,710 shares or 0.01% of their US portfolio. Janney Montgomery Scott Limited Liability has 29,349 shares. Manufacturers Life Ins The has 0% invested in Marvell Technology Group Ltd. (NASDAQ:MRVL). Lyon Street Capital Lc owns 108,529 shares or 0.77% of their US portfolio. Winslow Evans & Crocker Inc holds 0% of its portfolio in Marvell Technology Group Ltd. (NASDAQ:MRVL) for 2 shares. Piedmont Investment Advsr Limited Liability Company accumulated 47,511 shares. Ivory Investment Llc owns 5.91% invested in Marvell Technology Group Ltd. (NASDAQ:MRVL) for 8.72M shares. Nine Chapters Capital Management Limited Liability reported 17,500 shares stake. Profund Advisors Limited Liability Corporation holds 0.04% or 67,227 shares in its portfolio. Andra Ap has invested 0.07% in Marvell Technology Group Ltd. (NASDAQ:MRVL). Harvey Ptnrs Ltd Llc, New York-based fund reported 100,000 shares. Aviva Public Limited Company accumulated 280,397 shares. Stifel Finance, Missouri-based fund reported 25,693 shares. The Delaware-based Blackrock Limited has invested 0.01% in Marvell Technology Group Ltd. (NASDAQ:MRVL).

Contour Asset Management Llc increased Pandora Media Inc (NYSE:P) stake by 1.03M shares to 1.74M valued at $22.73M in 2016Q4. It also upped Paycom Software Inc (NYSE:PAYC) stake by 25,763 shares and now owns 463,644 shares. Pandora Media Inc (Call) (NYSE:P) was raised too.

Ormat Technologies, Inc. is engaged in the geothermal and recovered energy power business. The company has market cap of $2.92 billion. The Firm designs, develops, builds, owns and operates geothermal and recovered energy power plants. It has a 31.37 P/E ratio. The Company’s equipment manufacturing activities are located in Israel.

Among 4 analysts covering Ormat Technologies Inc (NYSE:ORA), 2 have Buy rating, 1 Sell and 1 Hold. Therefore 50% are positive. Ormat Technologies Inc had 4 analyst reports since January 4, 2016 according to SRatingsIntel. The firm has “Neutral” rating by JP Morgan given on Friday, May 6. The rating was upgraded by Avondale on Monday, December 19 to “Mkt Outperform”.