Marvell Technology Group's (MRVL) "Buy" Rating Reiterated at Needham & Company LLC

Cornelia Mascio
Mag 13, 2017

According to Zacks, "Marvell Technology is a fabless designer, developer and marketer of analog, mixed-signal and digital signal processing integrated circuits".

MRVL has a 1-year high price of $ 16.66 and 1-year low price of $8.94. This will be supported by growth from the company's wide range of newly-launched IoT solutions. Blackrock Institutional Trust Company Na invested in 0% or 543,239 shares.

A number of research firms have recently commented on MRVL. Qs Ltd Liability Co has 0% invested in Marvell Technology Group Ltd. (NASDAQ:MRVL) for 37,540 shares.

Marvell Technology Group Ltd. was covered by a number of analysts recently, 4 rated the stock as Buy, 7 rated Outperform, 12 rated Hold, 1 gave an Underperform and 1 rated sell. Marvell Technology Group had 63 analyst reports since August 5, 2015 according to SRatingsIntel. The stock has "Neutral" rating by Citigroup on Wednesday, August 5. Shares are trading -9.46% away from the 52-week high mark of $16.66 and +68.77% far from the 52-week bottom of $8.94.

Shares of Marvell Technology Group (NASDAQ:MRVL) opened at 15.16 on Friday.

The stock added in the prior trading session by 2.64%, closing at the stock price of $15.54.

Marvell Technology Group Ltd. (MRVL) has a market capitalization of 7.62 Billion. The stock's average target of $43.33 is 72.35% above today's ($25.14) share price. Cowen & Co maintained Marvell Technology Group Ltd. (NASDAQ:MRVL) on Monday, September 14 with "Outperform" rating. During the same quarter a year ago, the firm posted $0.11 earnings per share.

03/03/2017 - Marvell Technology Group Ltd. had its " rating reiterated by analysts at UBS. The company earned $571.40 million during the quarter, compared to the consensus estimate of $567.68 million. After $-0.14 actual EPS reported by Aerohive Networks Inc for the previous quarter, Wall Street now forecasts 7.14% negative EPS growth. The business's revenue was down 5.2% compared to the same quarter previous year. Acuta Cap Partners Ltd Liability Corp holds 2.58% of its portfolio in Marvell Technology Group Ltd. (NASDAQ:MRVL) for 500,000 shares.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 20th. Investors of record on Tuesday, April 4th were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, March 31st. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.58%. Marvell Technology Group's payout ratio is now 114.29%.

TRADEMARK VIOLATION WARNING: This piece of content was originally reported by Transcript Daily and is the sole property of of Transcript Daily. If you are accessing this piece of content on another domain, it was illegally copied and reposted in violation of global trademark & copyright legislation.

Now the P/E of Marvell Technology Group Ltd. stands at 182.82. The rating is computed by measuring numerous elements of the company's current financial data and their associated changes over time.

Shares of Marvell Technology Group Ltd. It increased, as 25 investors sold Marvell Technology Group Ltd. shares while 106 reduced holdings. Greenwood Capital Associates LLC now owns 13,795 shares of the semiconductor company's stock worth $211,000 after buying an additional 380 shares during the period. Marvell Technology Group had a net margin of 4.33% and a return on equity of 3.28%.

Contour Asset Management Llc increased Wayfair Inc (NYSE:W) stake by 56,748 shares to 1.61 million valued at $56.34 million in 2016Q4. Finally, Needham & Company LLC upgraded Marvell Technology Group from a "hold" rating to a "buy" rating and set a $21.00 price objective for the company in a research report on Monday, March 13th. Ladenburg Thalmann Financial Services Inc. boosted its stake in Marvell Technology Group by 454.8% in the fourth quarter.

Twitter, Inc. (NYSE:TWTR) and Marvell Technology Group Ltd. (NASDAQ:MRVL) needs to be adopt little strategic shift, their beta stands at 1.04 and 1.00 respectively, which is intimating active (short-term) investors. The Firm is engaged in the exploration, development and production of gas and oil from resource plays located in the United States.

Altre relazioniGrafFiotech

Discuti questo articolo

Segui i nostri GIORNALE