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Marvell Technology Group (NASDAQ:MRVL)‘s stock had its “hold” rating reiterated by analysts at Benchmark Co. in a research report issued to clients and investors on Friday. They currently have a $15.00 target price on the stock, down from their previous target price of $16.00. Benchmark Co.’s price target indicates a potential upside of 9.97% from the company’s current price.

A number of other firms have also recently commented on MRVL. Analysts at Jefferies Group reiterated a “hold” rating on shares of Marvell Technology Group in a research note on Friday. They now have a $15.00 price target on the stock, down previously from $17.00. Separately, analysts at Brean Capital cut their price target on shares of Marvell Technology Group from $19.00 to $17.00 in a research note on Friday. They now have a “buy” rating on the stock. Finally, analysts at RBC Capital cut their price target on shares of Marvell Technology Group from $23.00 to $22.00 in a research note on Friday. They now have a “top pick” rating on the stock. One analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $16.69.

Shares of Marvell Technology Group (NASDAQ:MRVL) traded up 1.83% on Friday, hitting $13.89. The stock had a trading volume of 8,233,660 shares. Marvell Technology Group has a 1-year low of $10.87 and a 1-year high of $16.65. The stock’s 50-day moving average is $13.69 and its 200-day moving average is $14.97. The company has a market cap of $7.059 billion and a price-to-earnings ratio of 19.18. Marvell Technology Group also was the target of some unusual options trading on Thursday. Investors purchased 3,157 put options on the stock. This represents an increase of approximately 232% compared to the average daily volume of 950 put options.

Marvell Technology Group (NASDAQ:MRVL) last announced its earnings results on Thursday, August 21st. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.06. The company had revenue of $961.50 million for the quarter, compared to the consensus estimate of $961.56 million. During the same quarter in the previous year, the company posted $0.23 earnings per share. The company’s revenue for the quarter was up 19.2% on a year-over-year basis. On average, analysts predict that Marvell Technology Group will post $1.15 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Thursday, October 2nd. Stockholders of record on Thursday, September 11th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.76%.

Marvell Technology Group Ltd. (NASDAQ:MRVL) is a fabless semiconductor provider of application-specific standard products.

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