Headlines about Marvell Technology Group (NASDAQ:MRVL) have been trending somewhat positive this week, according to Accern Sentiment. The research group rates the sentiment of press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Marvell Technology Group earned a news sentiment score of 0.15 on Accern’s scale. Accern also gave news headlines about the semiconductor company an impact score of 45.6440868655176 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the headlines that may have impacted Accern’s analysis:
- Risk Factors’ Analysis – Marvell Technology Group Ltd., (NASDAQ: MRVL) – Stock Watch (stocksnewstimes.com)
- Marvell Technology Group Ltd (NASDAQ: MRVL) – Investors are Unsure How to React (Brief Analysis) – Alpha Beta Stock (alphabetastock.com)
- Marvell Technology Scores Relative Strength Rating Upgrade (finance.yahoo.com)
- Marvell Technology Group (MRVL) Jumps: Stock Rises 9.1% (finance.yahoo.com)
- ETFs with exposure to Marvell Technology Group Ltd. : November 7, 2017 (finance.yahoo.com)
Several equities research analysts have issued reports on the stock. B. Riley restated a “buy” rating and set a $23.00 price objective on shares of Marvell Technology Group in a research report on Monday, August 21st. Northland Securities reaffirmed a “buy” rating and set a $20.00 target price on shares of Marvell Technology Group in a research note on Friday, August 25th. Citigroup Inc. upgraded shares of Marvell Technology Group from a “sell” rating to a “neutral” rating and set a $22.00 price target on the stock in a report on Tuesday, November 7th. Cowen and Company reiterated a “buy” rating and set a $21.00 price objective on shares of Marvell Technology Group in a report on Monday, August 21st. Finally, BidaskClub upgraded shares of Marvell Technology Group from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 16th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $19.29.
Marvell Technology Group (MRVL) opened at $20.13 on Tuesday. Marvell Technology Group has a twelve month low of $12.88 and a twelve month high of $21.08. The firm has a market capitalization of $9,980.45, a price-to-earnings ratio of 25.81, a PEG ratio of 1.38 and a beta of 1.05.
Marvell Technology Group (NASDAQ:MRVL) last released its quarterly earnings data on Thursday, August 24th. The semiconductor company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.03). Marvell Technology Group had a net margin of 10.97% and a return on equity of 9.99%. The company had revenue of $604.75 million during the quarter, compared to the consensus estimate of $600.76 million. During the same quarter in the prior year, the company posted $0.18 earnings per share. The company’s revenue for the quarter was up 16.4% on a year-over-year basis. sell-side analysts expect that Marvell Technology Group will post 0.97 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, October 26th. Investors of record on Tuesday, October 10th were issued a $0.06 dividend. The ex-dividend date of this dividend was Friday, October 6th. This represents a $0.24 annualized dividend and a yield of 1.19%. Marvell Technology Group’s payout ratio is 47.06%.
In other news, major shareholder Sehat Sutardja sold 62,337 shares of the stock in a transaction on Friday, October 20th. The shares were sold at an average price of $18.48, for a total value of $1,151,987.76. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold a total of 17,558,035 shares of company stock worth $320,838,284 over the last quarter. Corporate insiders own 6.80% of the company’s stock.
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About Marvell Technology Group
Marvell Technology Group Ltd. is a semiconductor provider of application-specific standard products. The Company is engaged in the design, development and sale of integrated circuits. The Company develops System-on-a-Chip (SoC) devices. It also develops integrated hardware platforms along with software that incorporates digital computing technologies designed and configured to provide an optimized computing solution.
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