A number of firms have modified their ratings and price targets on shares of Marvell Technology Group (NASDAQ: MRVL) recently:

  • 9/20/2016 – Marvell Technology Group is now covered by analysts at Susquehanna. They set a “neutral” rating and a $13.00 price target on the stock.
  • 9/11/2016 – Marvell Technology Group had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $16.00 price target on the stock.
  • 9/8/2016 – Marvell Technology Group had its “equal weight” rating reaffirmed by analysts at Morgan Stanley. They now have a $14.00 price target on the stock, up previously from $13.00.
  • 9/8/2016 – Marvell Technology Group had its “neutral” rating reaffirmed by analysts at MKM Partners.
  • 9/8/2016 – Marvell Technology Group had its “market perform” rating reaffirmed by analysts at Oppenheimer Holdings Inc..
  • 9/7/2016 – Marvell Technology Group had its “neutral” rating reaffirmed by analysts at Goldman Sachs Group Inc.. They now have a $12.00 price target on the stock.
  • 9/7/2016 – Marvell Technology Group had its “hold” rating reaffirmed by analysts at Jefferies Group. They now have a $13.00 price target on the stock.
  • 9/7/2016 – Marvell Technology Group had its “buy” rating reaffirmed by analysts at Brean Capital. They now have a $15.00 price target on the stock.
  • 9/6/2016 – Marvell Technology Group had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $16.00 price target on the stock.
  • 9/6/2016 – Marvell Technology Group had its price target raised by analysts at Cowen and Company from $15.00 to $16.00. They now have an “outperform” rating on the stock.
  • 9/6/2016 – Marvell Technology Group had its “hold” rating reaffirmed by analysts at Benchmark Co..
  • 9/2/2016 – Marvell Technology Group had its price target raised by analysts at Citigroup Inc. from $10.50 to $12.00. They now have a “sell” rating on the stock.
  • 8/31/2016 – Marvell Technology Group had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $16.00 price target on the stock.
  • 8/31/2016 – Marvell Technology Group is now covered by analysts at Stephens. They set an “overweight” rating and a $17.00 price target on the stock.
  • 8/30/2016 – Marvell Technology Group had its “outperform” rating reaffirmed by analysts at Cowen and Company. They now have a $15.00 price target on the stock.
  • 8/26/2016 – Marvell Technology Group had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $16.00 price target on the stock.
  • 8/10/2016 – Marvell Technology Group had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $16.00 price target on the stock.
  • 8/5/2016 – Marvell Technology Group had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $16.00 price target on the stock.
  • 7/30/2016 – Marvell Technology Group had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $16.00 price target on the stock.
  • 7/28/2016 – Marvell Technology Group had its price target raised by analysts at MKM Partners from $10.00 to $14.00. They now have a “neutral” rating on the stock.
  • 7/28/2016 – Marvell Technology Group was upgraded by analysts at Northland Securities from a “market perform” rating to an “outperform” rating. They now have a $16.00 price target on the stock.
  • 7/28/2016 – Marvell Technology Group had its “sell” rating reaffirmed by analysts at Citigroup Inc.. They now have a $10.50 price target on the stock, up previously from $8.65.
  • 7/28/2016 – Marvell Technology Group had its price target raised by analysts at Barclays PLC from $10.00 to $12.00. They now have an “equal weight” rating on the stock.
  • 7/28/2016 – Marvell Technology Group had its price target raised by analysts at Brean Capital from $12.50 to $15.00. They now have a “buy” rating on the stock.
  • 7/28/2016 – Marvell Technology Group had its price target raised by analysts at Deutsche Bank AG from $12.00 to $13.00. They now have a “hold” rating on the stock.
  • 7/28/2016 – Marvell Technology Group had its price target raised by analysts at Jefferies Group from $11.00 to $13.00. They now have a “hold” rating on the stock.
  • 7/28/2016 – Marvell Technology Group had its price target raised by analysts at Morgan Stanley from $12.50 to $13.00. They now have an “equal weight” rating on the stock.
  • 7/28/2016 – Marvell Technology Group had its “hold” rating reaffirmed by analysts at BMO Capital Markets. They now have a $11.00 price target on the stock.
  • 7/28/2016 – Marvell Technology Group had its “hold” rating reaffirmed by analysts at Pacific Crest.
  • 7/26/2016 – Marvell Technology Group had its “hold” rating reaffirmed by analysts at Needham & Company LLC.
  • 7/25/2016 – Marvell Technology Group had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $16.00 price target on the stock.
  • 7/25/2016 – Marvell Technology Group was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong sell” rating. According to Zacks, “Estimates for developer and marketer of semiconductors Marvell Technology have been going down since the company provided an update on its fourth-quarter fiscal 2016 results. The company blamed softer-than-expected demand in its mobile and wireless segment, and rising operating expenses for the overall dismal performance. Notably, the company had failed to report financial results for the past three quarters due to an ongoing litigation and internal accounting and controls investigations. Therefore, we believe that it’s better to wait until the first-quarter fiscal 2017 earnings release to get a clear picture of the company’s financial status. Going forward, macro headwinds and stringent regulations constitute near-term headwinds. Competition remains a matter of concern as well.”
  • 7/22/2016 – Marvell Technology Group had its “outperform” rating reaffirmed by analysts at Cowen and Company. They now have a $15.00 price target on the stock.
  • 7/22/2016 – Marvell Technology Group had its “market perform” rating reaffirmed by analysts at Oppenheimer Holdings Inc..

Shares of Marvell Technology Group Ltd. (NASDAQ:MRVL) traded down 1.16% on Tuesday, reaching $12.75. The company’s stock had a trading volume of 690,705 shares. The company’s market cap is $6.52 billion. Marvell Technology Group Ltd. has a 52-week low of $7.40 and a 52-week high of $13.06. The company has a 50 day moving average price of $12.10 and a 200 day moving average price of $10.64.

Marvell Technology Group (NASDAQ:MRVL) last posted its quarterly earnings data on Tuesday, September 6th. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.07. Marvell Technology Group had a positive return on equity of 1.35% and a negative net margin of 1.18%. The firm had revenue of $626 million for the quarter, compared to the consensus estimate of $629.96 million. During the same quarter in the prior year, the business earned $0.12 EPS. The business’s revenue for the quarter was down 11.8% compared to the same quarter last year. On average, analysts anticipate that Marvell Technology Group Ltd. will post $0.44 earnings per share for the current fiscal year.

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The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 19th. Shareholders of record on Wednesday, September 28th will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.86%. The ex-dividend date is Monday, September 26th. Marvell Technology Group’s dividend payout ratio is -480.00%.

Marvell Technology Group Ltd. (Marvell) is a fabless semiconductor provider of application-specific standard products. The Company develops System-on-a-Chip (SoC) devices. Its product portfolio includes devices for data storage, enterprise-class Ethernet data switching, Ethernet physical-layer transceivers (PHY), mobile handsets, connectivity, Internet-of-Things (IoT) devices and other consumer electronics.

5 Day Chart for NASDAQ:MRVL

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