Analysts See $0.26 EPS for Marvell Technology Group Ltd. (MRVL)

May 17, 2018 - By Mona Holcomb

Marvell Technology Group Ltd. (NASDAQ:MRVL) LogoInvestors sentiment increased to 1.25 in Q4 2017. Its up 0.15, from 1.1 in 2017Q3. It increased, as 28 investors sold Marvell Technology Group Ltd. shares while 99 reduced holdings. 56 funds opened positions while 103 raised stakes. 434.31 million shares or 15.21% more from 376.98 million shares in 2017Q3 were reported.
Fjarde Ap has 145,296 shares. Livforsakringsbolaget Skandia Omsesidigt holds 0.01% of its portfolio in Marvell Technology Group Ltd. (NASDAQ:MRVL) for 6,096 shares. Nokota Management L P holds 1.12M shares. First Quadrant L P Ca invested in 0.17% or 413,548 shares. Hutchin Hill L P holds 0.18% or 30,000 shares in its portfolio. Canada Pension Plan Board owns 2.20 million shares. Wells Fargo & Mn reported 0% stake. New York-based Rafferty Asset Mngmt Ltd Liability has invested 0.16% in Marvell Technology Group Ltd. (NASDAQ:MRVL). Kentucky-based Teachers Retirement Sys Of The State Of Kentucky has invested 0.16% in Marvell Technology Group Ltd. (NASDAQ:MRVL). Epoch Inv Partners has 1.07% invested in Marvell Technology Group Ltd. (NASDAQ:MRVL) for 15.07M shares. Piedmont Investment Advisors Ltd has invested 0.04% in Marvell Technology Group Ltd. (NASDAQ:MRVL). Hoertkorn Richard Charles reported 306,718 shares. Financial Bank Of America Corporation De has 1.14M shares. Ny State Common Retirement Fund holds 0.03% or 989,761 shares. Clarivest Asset Mngmt Limited Liability reported 48 shares.

Analysts expect Marvell Technology Group Ltd. (NASDAQ:MRVL) to report $0.26 EPS on May, 31 after the close.They anticipate $0.06 EPS change or 30.00 % from last quarter’s $0.2 EPS. MRVL’s profit would be $129.09 million giving it 20.89 P/E if the $0.26 EPS is correct. After having $0.28 EPS previously, Marvell Technology Group Ltd.’s analysts see -7.14 % EPS growth. The stock decreased 0.64% or $0.14 during the last trading session, reaching $21.73. About 5.97M shares traded. Marvell Technology Group Ltd. (NASDAQ:MRVL) has risen 35.98% since May 17, 2017 and is uptrending. It has outperformed by 24.43% the S&P500.

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

Among 22 analysts covering Marvell (NASDAQ:MRVL), 19 have Buy rating, 0 Sell and 3 Hold. Therefore 86% are positive. Marvell had 32 analyst reports since November 20, 2017 according to SRatingsIntel. As per Monday, November 20, the company rating was upgraded by Benchmark. Credit Suisse maintained the stock with “Outperform” rating in Tuesday, November 28 report. Craig Hallum maintained Marvell Technology Group Ltd. (NASDAQ:MRVL) rating on Tuesday, November 21. Craig Hallum has “Buy” rating and $34.0 target. Northland Capital maintained the stock with “Buy” rating in Wednesday, November 29 report. The firm has “Buy” rating given on Monday, March 19 by KeyBanc Capital Markets. The stock of Marvell Technology Group Ltd. (NASDAQ:MRVL) earned “Buy” rating by Needham on Wednesday, November 29. On Friday, March 9 the stock rating was maintained by Oppenheimer with “Buy”. The firm has “Equal-Weight” rating given on Wednesday, December 13 by Morgan Stanley. The firm has “Hold” rating by Stifel Nicolaus given on Tuesday, November 28. As per Friday, March 9, the company rating was maintained by Cowen & Co.

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 $10.79 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 21.26 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 which published an article titled: “Here’s Why Marvell’s Pending Purchase of Cavium Networks Looks Brilliant” on May 12, 2018.

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

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