Marvell Technology Group Ltd. (MRVL) : 17 analysts are covering Marvell Technology Group Ltd. (MRVL) and their average rating on the stock is 2.59, which is read as a Hold. 5 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. 1 more analyst has given the stock a Sell recommendation. A total of 10 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Marvell Technology Group Ltd. (MRVL) : The consensus price target for Marvell Technology Group Ltd. (MRVL) is $12.93 for the short term with a standard deviation of $2.62. The most optimist securities analyst among the 14 who monitor the stock believes that the stock can reach $18, however, the pessimist price target for the company is $9.
Shares of Marvell Technology Group Ltd. rose by 5.89% in the last five trading days and 5.89% for the last 4 weeks. Marvell Technology Group Ltd. is up 22.8% in the last 3-month period. Year-to-Date the stock performance stands at 40.18%. Marvell Technology Group Ltd. (NASDAQ:MRVL): On Tuesdays trading session , Opening price of the stock was $12.56 with an intraday high of $12.58. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $12.17. However, the stock managed to close at $12.22, a loss of 1.69% for the day. On the previous day, the stock had closed at $12.43. The total traded volume of the day was 3,464,667 shares.
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. Its products serve diverse applications used in carrier, metropolitan, enterprise and PC-client data communications, and storage systems. In addition, the Company serves the consumer electronics market for the convergence of voice video and data applications. As a fabless integrated circuit company, the Company relies on independent, third-party contractors to perform manufacturing, assembly and test functions. The Companys offers its products to three markets: mobile and wireless, storage, and networking.