Marvell Technology Group Ltd. (MRVL) Analysts See $0.29 EPS

August 10, 2018 - By Margaret Downey

Marvell Technology Group Ltd. (NASDAQ:MRVL) LogoInvestors sentiment decreased to 1.24 in 2018 Q1. Its down 0.01, from 1.25 in 2017Q4. It turned negative, as 34 investors sold Marvell Technology Group Ltd. shares while 102 reduced holdings. 61 funds opened positions while 108 raised stakes. 492.53 million shares or 13.41% more from 434.31 million shares in 2017Q4 were reported.
Gideon holds 0.29% of its portfolio in Marvell Technology Group Ltd. (NASDAQ:MRVL) for 22,572 shares. Price T Rowe Associate Inc Md has 0.18% invested in Marvell Technology Group Ltd. (NASDAQ:MRVL). 5.90 million were accumulated by Contour Asset Lc. Moreover, Yhb Advisors has 0.06% invested in Marvell Technology Group Ltd. (NASDAQ:MRVL). Robeco Institutional Asset Management Bv stated it has 768,636 shares. Ubs Asset Mngmt Americas has invested 0% in Marvell Technology Group Ltd. (NASDAQ:MRVL). Barrow Hanley Mewhinney And Strauss Ltd Liability Co invested 0% in Marvell Technology Group Ltd. (NASDAQ:MRVL). Oak Assocs Ltd Oh reported 224,630 shares. Metropolitan Life Company Ny reported 11,528 shares. Group One Trading L P has invested 0.05% in Marvell Technology Group Ltd. (NASDAQ:MRVL). Regions owns 108 shares. Alliancebernstein L P has 0.06% invested in Marvell Technology Group Ltd. (NASDAQ:MRVL). Winslow Evans & Crocker Inc reported 2 shares. New York-based State Common Retirement Fund has invested 0.02% in Marvell Technology Group Ltd. (NASDAQ:MRVL). Lpl Financial Lc holds 13,703 shares.

Analysts expect Marvell Technology Group Ltd. (NASDAQ:MRVL) to report $0.29 EPS on August, 23.They anticipate $0.04 EPS change or 16.00 % from last quarter’s $0.25 EPS. MRVL’s profit would be $189.59M giving it 18.03 P/E if the $0.29 EPS is correct. After having $0.28 EPS previously, Marvell Technology Group Ltd.’s analysts see 3.57 % EPS growth. The stock decreased 3.60% or $0.78 during the last trading session, reaching $20.91. About 5.56 million shares traded. Marvell Technology Group Ltd. (NASDAQ:MRVL) has risen 32.76% since August 11, 2017 and is uptrending. It has outperformed by 20.19% the S&P500.

Marvell Technology Group Ltd. (NASDAQ:MRVL) Ratings Coverage

Among 15 analysts covering Marvell (NASDAQ:MRVL), 13 have Buy rating, 0 Sell and 2 Hold. Therefore 87% are positive. Marvell had 18 analyst reports since March 5, 2018 according to SRatingsIntel. Cowen & Co maintained Marvell Technology Group Ltd. (NASDAQ:MRVL) rating on Friday, March 9. Cowen & Co has “Buy” rating and $29.0 target. The company was maintained on Friday, March 9 by Jefferies. FBR Capital maintained it with “Buy” rating and $3000 target in Monday, May 21 report. The firm earned “Buy” rating on Wednesday, March 7 by Susquehanna. The firm earned “Hold” rating on Thursday, March 8 by Stifel Nicolaus. As per Friday, July 6, the company rating was maintained by UBS. The firm has “Buy” rating by Deutsche Bank given on Wednesday, June 27. The firm has “Buy” rating given on Friday, March 9 by Oppenheimer. KeyBanc Capital Markets maintained it with “Buy” rating and $29.0 target in Monday, March 19 report. Evercore initiated it with “Buy” rating and $2700 target in Tuesday, June 26 report.

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 $13.67 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 19.75 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.

Another recent and important Marvell Technology Group Ltd. (NASDAQ:MRVL) news was published by Seekingalpha.com which published an article titled: “Evercore, Cowen name semi picks ahead of earnings” on July 17, 2018.

Marvell Technology Group Ltd. (NASDAQ:MRVL) Ratings Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.




Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: