As of May, 31 Analysts See $0.26 EPS for Marvell Technology Group Ltd. (MRVL)

May 17, 2018 - By Julia Grubbs

Marvell Technology Group Ltd. (NASDAQ:MRVL) Corporate Logo
During Q4 2017 the big money sentiment increased to 1.25. That’s change of 0.15, from 2017Q3’s 1.1. 28 investors sold all, 99 reduced holdings as Marvell Technology Group Ltd. ratio improved. 103 grew stakes while 56 funds took stakes. Funds hold 434.31 million shares thus 15.21% more from 2017Q3’s 376.98 million shares.
Cibc Asset Management reported 36,697 shs. Schwab Charles Inc holds 1.58 million shs. The New York-based Laurion Cap Mgmt L P has invested 0% in Marvell Technology Group Ltd. (NASDAQ:MRVL). Old Mutual Customised Solutions (Proprietary) Ltd has invested 0.06% in Marvell Technology Group Ltd. (NASDAQ:MRVL). The Connecticut-based Yhb has invested 0.07% in Marvell Technology Group Ltd. (NASDAQ:MRVL). 12,577 are owned by Franklin Res Incorporated. Covington Mgmt holds 1,556 shs or 0% of its capital. Millennium Ltd Liability Corporation invested in 0.02% or 546,524 shs. Bp Public Ltd Company has invested 0.04% in Marvell Technology Group Ltd. (NASDAQ:MRVL). Bogle Management L P De accumulated 525,391 shs. Td Asset Management has 0.06% invested in Marvell Technology Group Ltd. (NASDAQ:MRVL) for 2.00 million shs. Advsr Asset Management invested in 0.02% or 49,225 shs. Zacks Invest Mgmt has invested 0.04% in Marvell Technology Group Ltd. (NASDAQ:MRVL). Ls Investment Advsrs holds 0.01% of its capital in Marvell Technology Group Ltd. (NASDAQ:MRVL) for 7,653 shs. Principal Fin Gp stated it has 0% in Marvell Technology Group Ltd. (NASDAQ:MRVL).

Marvell Technology Group Ltd. (NASDAQ:MRVL)’s earnings report is anticipated on May, 31 after the close., according to Faxor. EPS of $0.26 is 30.00 % up from 2017’s $0.2 EPS. If $0.26 is reported, MRVL’s profit will hit $129.08 million for 21.03 P/E. After $0.28 EPS was reported last quarter, analysts now see negative EPS growth of -7.14 % for Marvell Technology Group Ltd.. The stock increased 0.78% or $0.17 during the last trading session, hitting $21.87.Marvell Technology Group Ltd. has volume of 3.69 million shares. Since May 17, 2017 MRVL has risen 35.98% and is uptrending. The stock outperformed the S&P500 by 24.43%.

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

A total of 22 analysts rate Marvell (NASDAQ:MRVL) as follows: 19 “Buy”, 3 “Hold” and 0 “Sell”. Тherefore 86% are bullish. (NASDAQ:MRVL) has 32 ratings reports on May 17, 2018 according to StockzIntelligence. In Monday, November 20 report Bank of America upgraded the stock to “Buy” rating. The company rating was maintained by Morgan Stanley on Friday, March 9. On Monday, November 20 the rating was maintained by Susquehanna with “Buy”. On Friday, March 9 the stock of Marvell Technology Group Ltd. (NASDAQ:MRVL) has “Buy” rating given by Oppenheimer. On Tuesday, November 21 the stock of Marvell Technology Group Ltd. (NASDAQ:MRVL) earned “Hold” rating by Credit Suisse. On Tuesday, November 28 the rating was maintained by Stifel Nicolaus with “Hold”. On Wednesday, December 13 the firm has “Equal-Weight” rating given by Morgan Stanley. On Thursday, March 8 the stock of Marvell Technology Group Ltd. (NASDAQ:MRVL) earned “Buy” rating by Piper Jaffray. On Tuesday, November 21 Barclays Capital upgraded the shares of MRVL in report to “Buy” rating. On Wednesday, November 29 the firm has “Buy” rating given by Needham.

Marvell Technology Group Ltd. designs, develops, and markets analog, mixed-signal, digital signal processing, and embedded and standalone integrated circuits.The firm is valued at $10.86 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.21.4 is the 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.

There’s a significant Marvell Technology Group Ltd. (NASDAQ:MRVL) news released by Fool.com. It’s an article titled: “Here’s Why Marvell’s Pending Purchase of Cavium Networks Looks Brilliant” on May 12, 2018.

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

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