News coverage about Marvell Technology Group (NASDAQ:MRVL) has trended somewhat positive this week, Accern reports. The research group scores the sentiment of media 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 one, with scores closest to one being the most favorable. Marvell Technology Group earned a news sentiment score of 0.16 on Accern’s scale. Accern also gave media stories about the semiconductor company an impact score of 46.5159768996634 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the media stories that may have impacted Accern Sentiment’s analysis:
Several analysts recently commented on MRVL shares. Bank of America upgraded Marvell Technology Group from a “neutral” rating to a “buy” rating in a research report on Monday, November 20th. Cowen reiterated an “outperform” rating and set a $29.00 price target (up from $21.00) on shares of Marvell Technology Group in a research report on Monday, November 27th. Stifel Nicolaus boosted their price target on Marvell Technology Group from $19.00 to $21.00 and gave the stock a “hold” rating in a research report on Friday, March 9th. ValuEngine upgraded Marvell Technology Group from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Finally, BMO Capital Markets boosted their price target on Marvell Technology Group to $25.00 and gave the stock a “market perform” rating in a research report on Monday, November 27th. Seven equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $25.02.
Shares of Marvell Technology Group stock traded down $0.36 during midday trading on Monday, reaching $22.82. The company’s stock had a trading volume of 11,348,406 shares, compared to its average volume of 9,127,393. Marvell Technology Group has a 12 month low of $14.58 and a 12 month high of $25.18. The stock has a market cap of $11,495.19, a P/E ratio of 22.16, a price-to-earnings-growth ratio of 1.78 and a beta of 0.91.
Marvell Technology Group (NASDAQ:MRVL) last issued its quarterly earnings results on Thursday, March 8th. The semiconductor company reported $0.32 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.01. Marvell Technology Group had a return on equity of 13.25% and a net margin of 21.56%. The company had revenue of $615.40 million for the quarter, compared to the consensus estimate of $610.99 million. During the same quarter in the prior year, the business earned $0.22 EPS. Marvell Technology Group’s revenue was up 8.7% on a year-over-year basis. research analysts anticipate that Marvell Technology Group will post 1.16 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 18th. Shareholders of record on Thursday, March 29th will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $0.24 annualized dividend and a yield of 1.05%. Marvell Technology Group’s dividend payout ratio (DPR) is 23.30%.
In other Marvell Technology Group news, CEO Matthew J. Murphy sold 30,000 shares of the company’s stock in a transaction dated Monday, March 12th. The stock was sold at an average price of $24.24, for a total transaction of $727,200.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Marvell Semiconductor, Inc. Ca sold 1,512 shares of the company’s stock in a transaction dated Thursday, January 18th. The stock was sold at an average price of $23.86, for a total value of $36,076.32. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 51,512 shares of company stock worth $1,236,276. 6.80% of the stock is owned by company 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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