Marvell Technology Group (MRVL) Earns News Sentiment Rating of 0.10
News coverage about Marvell Technology Group (NASDAQ:MRVL) has trended somewhat positive on Sunday, Accern Sentiment reports. The research group ranks the sentiment of press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Marvell Technology Group earned a daily sentiment score of 0.10 on Accern’s scale. Accern also gave media headlines about the semiconductor company an impact score of 46.0997291677216 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the media headlines that may have impacted Accern Sentiment’s scoring:
- Brokerages Anticipate Marvell Technology Group Ltd. (MRVL) to Announce $0.32 EPS (americanbankingnews.com)
- Marvell Technology Group Ltd. (NASDAQ:MRVL) – Early Moves to Watch – The Investor Guide (wallstreetnews24.com)
- Marvell Technology Group Ltd. Declares Quarterly Dividend Payment – PR Newswire (press release) (prnewswire.com)
- Marvell Technology Group Ltd. to Issue Quarterly Dividend of $0.06 (MRVL) (americanbankingnews.com)
- Marvell Technology Group Ltd. (MRVL) is at $18.03 per share and Nuance Communications, Inc. (NUAN) is listed at … – Stocks Gallery (stocksgallery.com)
Several research firms have recently weighed in on MRVL. B. Riley restated a “buy” rating and set a $23.00 price target on shares of Marvell Technology Group in a report on Friday, September 1st. BidaskClub cut Marvell Technology Group from a “buy” rating to a “hold” rating in a report on Wednesday, July 5th. KeyCorp boosted their price target on Marvell Technology Group from $22.00 to $23.00 and gave the stock an “overweight” rating in a report on Friday, August 25th. Oppenheimer Holdings, Inc. restated a “buy” rating and set a $23.00 price target on shares of Marvell Technology Group in a report on Friday, August 25th. Finally, Cowen and Company restated an “outperform” rating and set a $21.00 price target on shares of Marvell Technology Group in a report on Wednesday, June 21st. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $19.22.
Marvell Technology Group (NASDAQ:MRVL) opened at 17.87 on Friday. The firm has a market capitalization of $8.86 billion, a price-to-earnings ratio of 34.63 and a beta of 1.10. The stock’s 50 day moving average price is $16.65 and its 200-day moving average price is $16.25. Marvell Technology Group has a 12 month low of $12.30 and a 12 month high of $18.67.
Marvell Technology Group (NASDAQ:MRVL) last announced its quarterly earnings data on Thursday, August 24th. The semiconductor company reported $0.25 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.28 by ($0.03). The company had revenue of $604.75 million for the quarter, compared to analysts’ expectations of $600.76 million. Marvell Technology Group had a net margin of 10.97% and a return on equity of 9.99%. The firm’s quarterly revenue was up 16.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.18 EPS. Equities analysts anticipate that Marvell Technology Group will post $1.12 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 26th. Stockholders of record on Tuesday, October 10th will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 1.34%. Marvell Technology Group’s dividend payout ratio is currently 47.06%.
In related news, major shareholder Sehat Sutardja sold 552,500 shares of Marvell Technology Group stock in a transaction on Monday, September 18th. The stock was sold at an average price of $18.53, for a total value of $10,237,825.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 5,419,843 shares of company stock valued at $96,208,373 in the last 90 days. Company insiders own 6.80% of the company’s stock.
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Marvell Technology Group Company Profile
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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