Media headlines about Marvell Technology Group (NASDAQ:MRVL) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of news coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Marvell Technology Group earned a news sentiment score of 0.08 on Accern’s scale. Accern also gave news stories about the semiconductor company an impact score of 46.5560067109037 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news stories that may have impacted Accern Sentiment Analysis’s rankings:
Shares of NASDAQ MRVL traded up $0.91 during midday trading on Monday, hitting $21.93. The company’s stock had a trading volume of 13,913,764 shares, compared to its average volume of 8,473,467. Marvell Technology Group has a 1-year low of $21.70 and a 1-year high of $22.71. The firm has a market capitalization of $10.44 billion, a PE ratio of 21.09, a price-to-earnings-growth ratio of 1.62 and a beta of 0.98.
Marvell Technology Group (NASDAQ:MRVL) last posted its quarterly earnings results on Thursday, March 8th. The semiconductor company reported $0.32 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.01. Marvell Technology Group had a net margin of 21.56% and a return on equity of 13.13%. The business had revenue of $615.40 million during the quarter, compared to analyst estimates of $610.99 million. During the same period in the previous year, the business posted $0.22 EPS. The company’s quarterly revenue was up 8.7% on a year-over-year basis. equities research analysts expect that Marvell Technology Group will post 1.16 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 18th. Stockholders of record on Thursday, March 29th were issued a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 1.09%. The ex-dividend date was Wednesday, March 28th. Marvell Technology Group’s dividend payout ratio (DPR) is presently 23.08%.
Several brokerages have weighed in on MRVL. TheStreet lowered shares of Marvell Technology Group from a “b” rating to a “c+” rating in a report on Thursday, March 8th. Cowen raised their price objective on shares of Marvell Technology Group from $21.00 to $29.00 and gave the stock an “outperform” rating in a report on Friday, March 9th. Stifel Nicolaus raised their price objective on shares of Marvell Technology Group from $19.00 to $21.00 and gave the stock a “hold” rating in a report on Friday, March 9th. Morgan Stanley reissued an “equal weight” rating and set a $23.00 price objective (up from $22.00) on shares of Marvell Technology Group in a report on Friday, March 9th. Finally, B. Riley reissued a “buy” rating and set a $30.00 price objective (up from $29.00) on shares of Marvell Technology Group in a report on Friday, March 9th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-two have assigned a buy rating to the company’s stock. Marvell Technology Group currently has an average rating of “Buy” and a consensus price target of $25.59.
In other Marvell Technology Group news, CEO Matthew J. Murphy sold 30,000 shares of the business’s stock in a transaction dated Monday, March 12th. The shares were sold at an average price of $24.24, for a total transaction of $727,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Matthew J. Murphy sold 10,000 shares of the business’s stock in a transaction dated Friday, May 4th. The shares were sold at an average price of $20.70, for a total transaction of $207,000.00. The disclosure for this sale can be found here. Insiders sold a total of 53,310 shares of company stock valued at $1,208,344 over the last ninety days. Company insiders own 6.80% of the company’s stock.
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, including 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 comprising 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 enterprises, data centers, and cloud computing businesses.
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