Analysts See $0.19 EPS for Marvell Technology Group Ltd. (MRVL)

November 10, 2018 - By Alfred Lee

Marvell Technology Group Ltd. (NASDAQ:MRVL) LogoInvestors sentiment increased to 1.25 in Q2 2018. Its up 0.01, from 1.24 in 2018Q1. It increased, as 39 investors sold Marvell Technology Group Ltd. shares while 100 reduced holdings. 54 funds opened positions while 120 raised stakes. 512.84 million shares or 4.12% more from 492.53 million shares in 2018Q1 were reported.
Deltec Asset Mgmt Lc stated it has 107,370 shares or 0.47% of all its holdings. Cibc Markets, Ontario – Canada-based fund reported 15,061 shares. Tiaa Cref Inv Management Ltd Llc stated it has 0.05% of its portfolio in Marvell Technology Group Ltd. (NASDAQ:MRVL). Oppenheimer And reported 0.13% of its portfolio in Marvell Technology Group Ltd. (NASDAQ:MRVL). Jericho Capital Asset Management L P holds 2.06M shares. Gsa Cap Prtn Llp invested in 0.02% or 14,768 shares. Old Mutual Customised Solutions (Proprietary) Ltd reported 28,500 shares or 0.06% of all its holdings. Envestnet Asset Mgmt holds 64,991 shares. 11.98M are owned by Epoch Invest Prns. Quantum Capital Management invested 0.56% in Marvell Technology Group Ltd. (NASDAQ:MRVL). Whittier Trust Co has 0% invested in Marvell Technology Group Ltd. (NASDAQ:MRVL). Brahman Capital Corporation accumulated 6.10 million shares or 6.19% of the stock. Federated Invsts Pa, a Pennsylvania-based fund reported 2.51M shares. Korea Invest Corp invested in 0.03% or 275,800 shares. Nomura Holding has 250,758 shares.

Analysts expect Marvell Technology Group Ltd. (NASDAQ:MRVL) to report $0.19 EPS on November, 27.They anticipate $0.11 EPS change or 36.67 % from last quarter’s $0.3 EPS. MRVL’s profit would be $125.09M giving it 21.57 P/E if the $0.19 EPS is correct. After having $0.18 EPS previously, Marvell Technology Group Ltd.’s analysts see 5.56 % EPS growth. The stock decreased 1.92% or $0.32 during the last trading session, reaching $16.39. About 8.86M shares traded. Marvell Technology Group Ltd. (NASDAQ:MRVL) has risen 4.15% since November 11, 2017 and is uptrending. It has underperformed by 11.47% the S&P500.

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

Among 9 analysts covering Marvell (NASDAQ:MRVL), 8 have Buy rating, 0 Sell and 1 Hold. Therefore 89% are positive. Marvell had 10 analyst reports since May 21, 2018 according to SRatingsIntel. Evercore initiated Marvell Technology Group Ltd. (NASDAQ:MRVL) rating on Tuesday, June 26. Evercore has “Buy” rating and $2700 target. The stock of Marvell Technology Group Ltd. (NASDAQ:MRVL) has “Buy” rating given on Friday, July 6 by UBS. The rating was maintained by Citigroup with “Neutral” on Friday, September 14. Deutsche Bank upgraded Marvell Technology Group Ltd. (NASDAQ:MRVL) on Wednesday, June 27 to “Buy” rating. Argus Research maintained Marvell Technology Group Ltd. (NASDAQ:MRVL) on Monday, June 4 with “Buy” rating. The stock has “Overweight” rating by Barclays Capital on Tuesday, October 23. The firm has “Buy” rating by FBR Capital given on Wednesday, October 10. The firm has “Buy” rating by Stifel Nicolaus given on Friday, October 12. FBR Capital maintained the stock with “Buy” rating in Monday, May 21 report. The stock of Marvell Technology Group Ltd. (NASDAQ:MRVL) has “Buy” rating given on Tuesday, May 29 by M Partners.

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 22.36 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.

More recent Marvell Technology Group Ltd. (NASDAQ:MRVL) news were published by: which released: “3 Chip Stocks Still Worth Buying” on November 05, 2018. Also published the news titled: “Marvell Holds Attractive Risk-Reward, BMO Says In Upgrade” on October 16, 2018.‘s news article titled: “10 Strong Buy Stocks Trading at Killer Entry Points” with publication date: November 08, 2018 was also an interesting one.

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

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