Marvell Technology Group (MRVL) Receives Daily News Impact Score of 0.21
News stories about Marvell Technology Group (NASDAQ:MRVL) have trended somewhat positive recently, according to Accern Sentiment. The research group identifies positive and negative media coverage by reviewing 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 nearest to one being the most favorable. Marvell Technology Group earned a news impact score of 0.21 on Accern’s scale. Accern also assigned media stories about the semiconductor company an impact score of 45.4707437090034 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:
- January 2018 Options Now Available For Marvell Technology Group (MRVL) (stockoptionschannel.com)
- Investors Purchase High Volume of Marvell Technology Group Put Options (MRVL) (americanbankingnews.com)
- Marvell Technology Group Ltd. (MRVL) Given Average Rating of “Buy” by Analysts (americanbankingnews.com)
- $611.67 Million in Sales Expected for Marvell Technology Group Ltd. (MRVL) This Quarter (americanbankingnews.com)
- Active Morning Movers- Marvell Technology Group Ltd. (NASDAQ:MRVL) a Semiconductor – Integrated Circuits … – The Stock Street (press release) (thestreetpoint.com)
Marvell Technology Group (MRVL) traded down $0.03 on Friday, reaching $23.80. The company had a trading volume of 7,191,730 shares, compared to its average volume of 11,684,708. The stock has a market capitalization of $11,689.16, a price-to-earnings ratio of 30.51, a P/E/G ratio of 1.68 and a beta of 1.05. Marvell Technology Group has a 12 month low of $13.59 and a 12 month high of $24.22.
Marvell Technology Group (NASDAQ:MRVL) last released its quarterly 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 company had revenue of $604.75 million during the quarter, compared to analysts’ expectations 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 revenue was up 16.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.18 EPS. equities research analysts expect that Marvell Technology Group will post 0.97 EPS for the current year.
A number of brokerages have recently weighed in on MRVL. B. Riley restated a “buy” rating and set a $23.00 price objective on shares of Marvell Technology Group in a research report on Saturday, August 26th. Northland Securities restated a “buy” rating and set a $20.00 price objective on shares of Marvell Technology Group in a research report on Friday, August 25th. Zacks Investment Research upgraded Marvell Technology Group from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a research report on Tuesday, November 21st. Cowen Inc restated a “buy” rating and set a $21.00 price objective on shares of Marvell Technology Group in a research report on Monday, August 21st. Finally, BidaskClub upgraded Marvell Technology Group from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 16th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $21.59.
In other Marvell Technology Group news, major shareholder Sehat Sutardja sold 62,337 shares of the firm’s stock in a transaction dated 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last three months, insiders sold 17,558,035 shares of company stock valued at $320,838,284. 6.80% of the stock is owned by insiders.
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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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