Press coverage about Marvell Technology Group (NASDAQ:MRVL) has trended somewhat positive on Monday, Accern Sentiment Analysis reports. The research group scores the sentiment of press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Marvell Technology Group earned a news impact score of 0.17 on Accern’s scale. Accern also gave headlines about the semiconductor company an impact score of 46.481398941233 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the headlines that may have effected Accern Sentiment Analysis’s scoring:
MRVL has been the subject of a number of analyst reports. Piper Jaffray initiated coverage on shares of Marvell Technology Group in a research note on Monday, December 18th. They issued an “overweight” rating and a $25.00 price objective for the company. ValuEngine raised shares of Marvell Technology Group from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. BidaskClub raised shares of Marvell Technology Group from a “hold” rating to a “buy” rating in a research note on Friday, February 23rd. Zacks Investment Research cut shares of Marvell Technology Group from a “hold” rating to a “sell” rating in a research note on Wednesday, March 7th. Finally, Argus initiated coverage on shares of Marvell Technology Group in a research note on Wednesday, March 7th. They issued a “buy” rating and a $28.00 price objective for the company. Seven research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. Marvell Technology Group currently has an average rating of “Buy” and a consensus price target of $25.52.
MRVL traded down $0.25 during trading on Monday, hitting $21.76. 5,773,210 shares of the company traded hands, compared to its average volume of 8,792,129. The stock has a market capitalization of $10,927.96, a price-to-earnings ratio of 20.92, a PEG ratio of 1.69 and a beta of 0.97. Marvell Technology Group has a 1 year low of $14.64 and a 1 year high of $25.18.
Marvell Technology Group (NASDAQ:MRVL) last posted its earnings results on Thursday, March 8th. The semiconductor company reported $0.32 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.01. The company had revenue of $615.40 million during the quarter, compared to analysts’ expectations of $610.99 million. Marvell Technology Group had a net margin of 21.56% and a return on equity of 13.13%. Marvell Technology Group’s quarterly revenue was up 8.7% on a year-over-year basis. During the same period last year, the company posted $0.22 earnings per share. analysts anticipate that Marvell Technology Group will post 1.16 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 18th. Shareholders of record on Thursday, March 29th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.10%. Marvell Technology Group’s payout ratio is currently 23.08%.
In other Marvell Technology Group news, CEO Matthew J. Murphy sold 10,000 shares of Marvell Technology Group stock in a transaction on Wednesday, April 4th. The shares were sold at an average price of $20.00, for a total value of $200,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Matthew J. Murphy sold 30,000 shares of Marvell Technology Group stock in a transaction on Monday, March 12th. The stock was sold at an average price of $24.24, for a total transaction of $727,200.00. The disclosure for this sale can be found here. Insiders sold a total of 61,512 shares of company stock valued at $1,436,276 over the last three months. Corporate insiders own 6.80% of the company’s stock.
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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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