Impact of Brokerage Rating on Marvell Technology Group Ltd.(MRVL)

Many Marvell Technology Group Ltd.(MRVL) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Company shares were Reiterated by Cowen on Feb 6, 2017 to Outperform, Raises Price Target to $ 20 from a previous price target of $18 .Company shares were Upgraded by UBS on Feb 1, 2017 to Buy, Raises Price Target to $ 20 from a previous price target of $12 .Marvell Technology Group Ltd. was Initiated by Loop Capital to Buy on Dec 6, 2016. Marvell Technology Group Ltd. was Downgraded by Goldman to Sell on Dec 5, 2016. Company shares were Reiterated by UBS on Dec 1, 2016 to Sell, Raises Price Target to $ 12 from a previous price target of $9 .

Company has reported several Insider transactions to the SEC, on Jun 25, 2015, Zining Wu (Chief Technology Officer) sold 51,312 shares at 14.51 per share price.

Marvell Technology Group Ltd. Last issued its quarterly earnings results on Nov 17, 2016. The company reported $0.20 EPS for the quarter, beating the analyst consensus estimate by $ 0.08. Analyst had a consensus of $0.12. The company had revenue of $654.00 million for the quarter, compared to analysts expectations of $615.76 million. The companys revenue was down -3.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.05 EPS.

Marvell Technology Group Ltd. (NASDAQ:MRVL) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 2 by 13 Brokerage Firm. 7 Wall Street Firms have rated the stock as a strong buys. 5 Brokerage Firms have advised hold. A sell rating was given by 1 analyst.

Marvell Technology Group Ltd. (NASDAQ:MRVL): 14 Brokerage firm Analysts have agreed with the mean estimate for the short term price target of $15.89 in Marvell Technology Group Ltd. (NASDAQ:MRVL). However, the stock price could fluctuate by $ 2.59 from the estimate as it is suggested by the standard deviation reading. The higher estimate has been put at $20 price target with the lower price estimate is calculated at $12

Marvell Technology Group Ltd. (NASDAQ:MRVL) witnessed a decline in the market cap on Tuesday as its shares dropped 0.64% or 0.1 points. After the session commenced at $15.75, the stock reached the higher end at $15.76 while it hit a low of $15.48. With the volume soaring to 2,469,125 shares, the last trade was called at $15.58. The company has a 52-week high of $15.887. The company has a market cap of $7,913 million and there are 507,900,000 shares in outstanding. The 52-week low of the share price is $8.61.

Marvell Technology is a leading designer, developer and supplier of mixed-signal and digital signal processing integrated circuit for high-speed, high-density, digital data storage and broadband digital data networking markets. The companys goal is to continue to support its customers in providing faster, better solutions to meet their customers needs for increased bandwidth as communication solutions evolve. The company meets this goal with state-of-the-art chip solutions that enable data transfer in data storage devices and networking applications.

Marvell

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