Marvell Technology Group Ltd. (MRVL) Analysts See $0.29 EPS

August 12, 2018 - By Mary Markley

Marvell Technology Group Ltd. (NASDAQ:MRVL) LogoInvestors sentiment decreased to 1.24 in Q1 2018. Its down 0.01, from 1.25 in 2017Q4. It dived, as 34 investors sold Marvell Technology Group Ltd. shares while 102 reduced holdings. 61 funds opened positions while 108 raised stakes. 492.53 million shares or 13.41% more from 434.31 million shares in 2017Q4 were reported.
Los Angeles Mngmt Equity invested in 2.14 million shares or 0.25% of the stock. Northern Trust accumulated 2.49M shares. 162,853 are owned by Rmb Management Ltd. Jane Street Limited Liability Corporation invested in 110,749 shares. Voya Investment holds 0% or 105,353 shares. Glaxis Limited Liability stated it has 9.03% in Marvell Technology Group Ltd. (NASDAQ:MRVL). Epoch invested 1.03% in Marvell Technology Group Ltd. (NASDAQ:MRVL). Gideon Advsr holds 22,572 shares or 0.29% of its portfolio. Yhb Investment Advsr reported 18,170 shares. California Employees Retirement accumulated 1.18 million shares or 0.04% of the stock. 546,735 were accumulated by Castleark Limited Company. Hennessy Advisors reported 59,700 shares. Cibc Markets reported 55,100 shares. 1.01 million are owned by Nuveen Asset Ltd Liability Corp. Stone Ridge Asset Mgmt Limited Liability invested in 0.15% or 118,469 shares.

Analysts expect Marvell Technology Group Ltd. (NASDAQ:MRVL) to report $0.29 EPS on August, 23.They anticipate $0.04 EPS change or 16.00 % from last quarter’s $0.25 EPS. MRVL’s profit would be $189.59M giving it 18.03 P/E if the $0.29 EPS is correct. After having $0.28 EPS previously, Marvell Technology Group Ltd.’s analysts see 3.57 % EPS growth. The stock decreased 3.60% or $0.78 during the last trading session, reaching $20.91. About 6.19M shares traded. Marvell Technology Group Ltd. (NASDAQ:MRVL) has risen 32.76% since August 13, 2017 and is uptrending. It has outperformed by 20.19% the S&P500.

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

Among 15 analysts covering Marvell (NASDAQ:MRVL), 13 have Buy rating, 0 Sell and 2 Hold. Therefore 87% are positive. Marvell had 18 analyst reports since March 5, 2018 according to SRatingsIntel. KeyBanc Capital Markets maintained the shares of MRVL in report on Monday, March 19 with “Buy” rating. The firm has “Buy” rating given on Monday, May 21 by FBR Capital. As per Friday, July 6, the company rating was maintained by UBS. The company was maintained on Tuesday, May 29 by M Partners. Argus Research maintained Marvell Technology Group Ltd. (NASDAQ:MRVL) rating on Monday, June 4. Argus Research has “Buy” rating and $2800 target. As per Monday, March 5, the company rating was maintained by FBR Capital. The stock has “Hold” rating by Stifel Nicolaus on Thursday, March 8. The rating was maintained by Cowen & Co on Friday, March 9 with “Buy”. The rating was maintained by Oppenheimer on Friday, March 9 with “Buy”. The stock of Marvell Technology Group Ltd. (NASDAQ:MRVL) has “Buy” rating given on Wednesday, March 7 by Susquehanna.

Marvell Technology Group Ltd. designs, develops, and markets analog, mixed-signal, digital signal processing, and embedded and standalone integrated circuits. The company has market cap of $13.67 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. It has a 19.75 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.

Another recent and important Marvell Technology Group Ltd. (NASDAQ:MRVL) news was published by Seekingalpha.com which published an article titled: “Evercore, Cowen name semi picks ahead of earnings” on July 17, 2018.

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

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