News coverage about Marvell Technology Group (NASDAQ:MRVL) has been trending somewhat positive recently, according to Accern. Accern identifies positive and negative media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Marvell Technology Group earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned press coverage about the semiconductor company an impact score of 46.4931417210821 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the media headlines that may have impacted Accern Sentiment’s analysis:
MRVL has been the subject of a number of recent analyst reports. Cowen raised their price target on shares of Marvell Technology Group from $21.00 to $29.00 and gave the stock an “outperform” rating in a research report on Friday, March 9th. ValuEngine upgraded shares of Marvell Technology Group from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. BidaskClub raised Marvell Technology Group from a “hold” rating to a “buy” rating in a report on Friday, February 23rd. Zacks Investment Research raised Marvell Technology Group from a “sell” rating to a “hold” rating in a report on Tuesday, March 13th. Finally, B. Riley reissued a “buy” rating and issued a $30.00 price target (up previously from $29.00) on shares of Marvell Technology Group in a research note on Friday, March 9th. Seven investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. Marvell Technology Group presently has an average rating of “Buy” and an average target price of $25.52.
NASDAQ:MRVL traded down $0.62 during trading hours on Friday, reaching $20.51. The company had a trading volume of 8,922,504 shares, compared to its average volume of 10,016,107. The stock has a market capitalization of $10,491.04, a price-to-earnings ratio of 19.72, a price-to-earnings-growth ratio of 1.62 and a beta of 0.97. Marvell Technology Group has a one year low of $14.58 and a one year high of $25.18.
Marvell Technology Group (NASDAQ:MRVL) last posted its quarterly earnings data on Thursday, March 8th. The semiconductor company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.01. The company had revenue of $615.40 million for the quarter, compared to analyst estimates of $610.99 million. Marvell Technology Group had a return on equity of 13.13% and a net margin of 21.56%. The business’s revenue was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.22 earnings per share. equities research analysts forecast that Marvell Technology Group will post 1.16 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 18th. Stockholders of record on Thursday, March 29th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.17%. The ex-dividend date of this dividend is Wednesday, March 28th. Marvell Technology Group’s dividend payout ratio (DPR) is presently 23.08%.
In other news, Director Michael G. Strachan sold 20,000 shares of the company’s stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $23.65, for a total transaction of $473,000.00. Following the transaction, the director now owns 19,702 shares of the company’s stock, valued at $465,952.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Marvell Semiconductor, Inc. Ca sold 1,512 shares of the stock in a transaction dated Thursday, January 18th. The shares were 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. Insiders have sold 61,512 shares of company stock worth $1,436,276 in the last ninety days. 6.80% of the stock is currently owned by insiders.
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Marvell Technology Group Company Profile
Marvell Technology Group Ltd. designs, develops, and markets analog, mixed-signal, digital signal processing, and embedded and standalone integrated circuits. It offers a range of storage products, such as hard disk drive (HDD) and solid-state drive controllers, as well as HDD components, such as HDD preamps components; and develops software enabled silicon solutions consisting of serial advanced technology attachment port multipliers, bridges, serial attached SCSI, and non-volatile memory express redundant array of independent disks controllers and converged storage processors for enterprise, data centers, and cloud computing businesses.
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