$0.26 EPS Expected for Marvell Technology Group Ltd. (MRVL) as of May, 31

May 17, 2018 - By Sonya McDaniel

Marvell Technology Group Ltd. (NASDAQ:MRVL) Corporate Logo
Big Money Sentiment increased to 1.25 in 2017 Q4. It has change of 0.15, from 2017Q3’s 1.1. The ratio improved due to Marvell Technology Group Ltd. positioning: 28 sold and 99 reduced. 56 funds acquired stakes and 103 increased stakes. Investors holded 376.98 million in 2017Q3 but now own 434.31 million shares or 15.21% more.
Td Asset has 0.06% invested in Marvell Technology Group Ltd. (NASDAQ:MRVL). Voloridge Inv Ltd Liability Company holds 1.08M shs. Clarivest Asset Mngmt, California-based fund reported 48 shs. California-based Hoertkorn Richard Charles has invested 3.9% in Marvell Technology Group Ltd. (NASDAQ:MRVL). Comerica National Bank & Trust invested 0.07% in Marvell Technology Group Ltd. (NASDAQ:MRVL). Lyon Street Capital Ltd Liability Company owns 117,053 shs. Macquarie Limited holds 0% of its capital in Marvell Technology Group Ltd. (NASDAQ:MRVL) for 19,600 shs. Asset Management One accumulated 0.03% or 626,393 shs. Starboard Value Lp, a New York-based fund reported 33.72 million shs. Morgan Stanley reported 212,446 shs. Los Angeles Capital Mngmt And Equity Rech holds 0.27% or 2.29M shs in its capital. Pinebridge Invs Ltd Partnership invested 0.05% in Marvell Technology Group Ltd. (NASDAQ:MRVL). Bluemountain Cap Ltd Liability Corporation reported 428,730 shs or 0.19% of all its holdings. Ls Invest Advsr Ltd Co reported 7,653 shs. Franklin Resources has invested 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. Last year’s earnings per share was $0.2, while now analysts expect change of 30.00 % up from current $0.26 earnings per share. If earnings per share of $0.26 is revealed the profit of MRVL could be $129.08 million giving it 21.03 P/E. -7.14 % negative EPS growth is what Wall Street’s sees after $0.28 reported EPS previous quarter. The stock increased 0.78% or $0.17 during the last trading session, hitting $21.87.Marvell Technology Group Ltd. has volume of 3.69M shares. Since May 17, 2017 MRVL has risen 35.98% and is uptrending. MRVL outperformed the S&P500 by 24.43%.

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

In total 22 analysts cover Marvell (NASDAQ:MRVL). “Buy” rating has 19, “Sell” are 0, while 3 are “Hold”. 86% are bullish. 32 are the (NASDAQ:MRVL)’s analyst reports since November 20, 2017 according to StockzIntelligence Inc. The stock rating was maintained by Oppenheimer with “Buy” on Friday, March 9. On Sunday, November 26 the stock of Marvell Technology Group Ltd. (NASDAQ:MRVL) has “Hold” rating given by BMO Capital Markets. On Monday, November 27 Cowen & Co maintained Marvell Technology Group Ltd. (NASDAQ:MRVL) rating. Cowen & Co has “Buy” rating and $29.0 target. The stock rating was maintained by Jefferies with “Buy” on Friday, March 9. On Wednesday, November 29 the rating was maintained by Northland Capital with “Buy”. On Wednesday, December 13 the rating was maintained by Morgan Stanley with “Equal-Weight”. On Monday, November 20 the firm has “Buy” rating by Susquehanna given. On Tuesday, November 21 the company was upgraded by Jefferies. On Friday, March 9 the stock of Marvell Technology Group Ltd. (NASDAQ:MRVL) earned “Buy” rating by Cowen & Co. On Tuesday, November 21 the firm has “Buy” rating given by Northland Capital.

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 a report 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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