Marvell Technology Group (MRVL) Given Media Sentiment Score of 0.17
News coverage about Marvell Technology Group (NASDAQ:MRVL) has been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Marvell Technology Group earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned news headlines about the semiconductor company an impact score of 45.6909510739897 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the headlines that may have effected Accern Sentiment’s rankings:
- 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)
- Marvell Technology Group Ltd. (MRVL) Set to Announce Earnings on Wednesday (americanbankingnews.com)
- Marvell Technology Group Ltd. (MRVL) Stock Rating Reaffirmed by Oppenheimer Holdings, Inc. (americanbankingnews.com)
Marvell Technology Group (NASDAQ MRVL) opened at $20.13 on Friday. The company has a market cap of $9,980.45, a price-to-earnings ratio of 25.81, a price-to-earnings-growth ratio of 1.38 and a beta of 1.05. Marvell Technology Group has a 1 year low of $12.48 and a 1 year high of $21.08.
Marvell Technology Group (NASDAQ:MRVL) last posted its earnings results on Thursday, August 24th. The semiconductor company reported $0.25 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by ($0.03). The business had revenue of $604.75 million for the quarter, compared to analyst estimates of $600.76 million. Marvell Technology Group had a return on equity of 9.99% and a net margin of 10.97%. The company’s quarterly revenue was up 16.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.18 earnings per share. equities research analysts anticipate that Marvell Technology Group will post 0.97 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, October 26th. Shareholders of record on Tuesday, October 10th were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.19%. The ex-dividend date was Friday, October 6th. Marvell Technology Group’s payout ratio is 47.06%.
A number of equities analysts have issued reports on MRVL shares. BMO Capital Markets reaffirmed a “market perform” rating and set a $16.00 price target on shares of Marvell Technology Group in a research note on Monday, August 28th. Jefferies Group LLC reaffirmed a “hold” rating and set a $18.50 price target (down from $19.00) on shares of Marvell Technology Group in a research note on Thursday, August 24th. Cowen and Company reaffirmed a “buy” rating on shares of Marvell Technology Group in a research note on Friday, October 13th. Needham & Company LLC reaffirmed a “buy” rating and set a $21.00 price target on shares of Marvell Technology Group in a research note on Thursday, August 24th. Finally, BidaskClub lowered Marvell Technology Group from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 2nd. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Marvell Technology Group has a consensus rating of “Buy” and a consensus price target of $19.29.
In other Marvell Technology Group news, major shareholder Sehat Sutardja sold 1,266,498 shares of the stock in a transaction on Monday, October 23rd. The shares were sold at an average price of $18.55, for a total transaction of $23,493,537.90. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders have sold 17,558,035 shares of company stock worth $320,838,284 over the last three months. Company insiders own 6.80% of the company’s stock.
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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