The Marvell Technology Group (MRVL) Receives News Impact Rating of 0.11

The Marvell Technology Group (MRVL) Receives News Impact Rating of 0.11

Here are some of the media stories that may have impacted AlphaOne’s rankings:

Media coverage about Marvell Technology Group (NASDAQ:MRVL) has been trending somewhat positive on Sunday, according to AlphaOne. The research firm, a service of Accern, ranks the sentiment of media coverage by reviewing more than 20 million news and blog sources in real time. AlphaOne ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Marvell Technology Group earned a media sentiment score of 0.11 on AlphaOne’s scale. AlphaOne also gave news coverage about the semiconductor company an impact score of 45 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

Shares of Marvell Technology Group (NASDAQ MRVL) traded down 1.07% during mid-day trading on Friday, hitting $17.59. 8,213,151 shares of the stock were exchanged. The stock’s 50 day moving average is $15.75 and its 200 day moving average is $15.19. The firm has a market cap of $8.86 billion, a P/E ratio of 59.43 and a beta of 1.11. Marvell Technology Group has a 12 month low of $9.05 and a 12 month high of $17.80. Marvell Technology Group (NASDAQ:MRVL) last announced its quarterly earnings results on Thursday, May 25th. The semiconductor company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.04. The company had revenue of $579.18 million during the quarter, compared to analysts’ expectations of $570.72 million. Marvell Technology Group had a return on equity of 3.28% and a net margin of 4.33%. Marvell Technology Group’s quarterly revenue was up 11.5% on a year-over-year basis. During the same period last year, the business earned $0.01 earnings per share. Analysts expect that Marvell Technology Group will post $1.11 EPS for the current fiscal year.

MRVL has been the subject of several research analyst reports. TheStreet upgraded shares of Marvell Technology Group from a “c” rating to a “b” rating in a research report on Thursday, May 25th. Needham & Company LLC reiterated a “hold” rating on shares of Marvell Technology Group in a research report on Friday, March 3rd. Citigroup Inc upgraded shares of Marvell Technology Group to an “outperform” rating and set a $23.00 target price for the company in a research report on Friday, May 26th. CIBC upgraded shares of Marvell Technology Group from a “market perform” rating to an “outperform” rating in a research report on Friday, May 26th. Finally, Morgan Stanley lifted their target price on shares of Marvell Technology Group to $17.00 in a research report on Friday, March 3rd. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $17.75. 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:MRVL”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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