News coverage about Marvell Technology Group (NASDAQ:MRVL) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Marvell Technology Group earned a coverage optimism score of 0.22 on Accern’s scale. Accern also gave media stories about the semiconductor company an impact score of 44.7839285704634 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the headlines that may have impacted Accern Sentiment Analysis’s analysis:
- If Broadcom-Qualcomm deal can’t pass Trump’s test, what can? – MarketWatch (marketwatch.com)
- If Broadcom-Qualcomm deal can’t pass Trump’s test, what can? (finance.yahoo.com)
- Marvell Technology Group Ltd. (MRVL) CEO Matthew J. Murphy Sells 30,000 Shares (americanbankingnews.com)
- This Is Why Marvell Stock Is Geared Toward Higher Prices (profitconfidential.com)
- Tech Today: Whither Broadcom? Bully for Western Dig, Nutanix’s Bright Prospects (finance.yahoo.com)
Shares of Marvell Technology Group (NASDAQ MRVL) opened at $22.94 on Wednesday. The company has a market cap of $12,085.32, a price-to-earnings ratio of 22.27, a price-to-earnings-growth ratio of 1.84 and a beta of 0.91. Marvell Technology Group has a 1 year low of $14.58 and a 1 year high of $25.18.
Marvell Technology Group (NASDAQ:MRVL) last issued its quarterly earnings results on Thursday, March 8th. The semiconductor company reported $0.32 EPS for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.01. The business had revenue of $615.40 million for the quarter, compared to analysts’ expectations of $610.99 million. Marvell Technology Group had a net margin of 21.56% and a return on equity of 13.25%. The business’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.22 earnings per share. equities analysts predict that Marvell Technology Group will post 1.18 earnings per share for the current fiscal year.
Several analysts have issued reports on MRVL shares. Craig Hallum reaffirmed a “buy” rating on shares of Marvell Technology Group in a research report on Tuesday, November 21st. Needham & Company LLC lifted their price target on Marvell Technology Group from $21.00 to $25.00 and gave the stock a “buy” rating in a report on Tuesday, November 21st. Zacks Investment Research upgraded Marvell Technology Group from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a report on Tuesday, November 21st. Loop Capital reiterated a “buy” rating and set a $26.00 price target on shares of Marvell Technology Group in a report on Tuesday, November 21st. Finally, Jefferies Group upgraded Marvell Technology Group from a “hold” rating to a “buy” rating and set a $18.50 price target for the company in a report on Tuesday, November 21st. Seven analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. Marvell Technology Group currently has a consensus rating of “Buy” and an average price target of $25.02.
In related news, insider Marvell Semiconductor, Inc. Ca sold 1,512 shares of the company’s stock in a transaction dated Thursday, January 18th. The shares were sold at an average price of $23.86, for a total value of $36,076.32. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Michael G. Strachan sold 20,000 shares of the company’s stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $23.65, for a total transaction of $473,000.00. Following the completion of the sale, the director now owns 19,702 shares in the company, valued at approximately $465,952.30. The disclosure for this sale can be found here. Insiders have sold a total of 51,512 shares of company stock worth $1,236,276 in the last three months. Insiders own 6.80% of the company’s stock.
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Marvell Technology Group Company Profile
Marvell Technology Group Ltd. is a semiconductor provider of application-specific standard products. The Company is engaged in the design, development and sale of integrated circuits. The Company develops System-on-a-Chip (SoC) devices. It also develops integrated hardware platforms along with software that incorporates digital computing technologies designed and configured to provide an optimized computing solution.
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