Anticipated $0.26 EPS for Marvell Technology Group Ltd. (MRVL) as of May, 31

May 17, 2018 - By Alicia Butler

Marvell Technology Group Ltd. (NASDAQ:MRVL) Corporate Logo
During 2017 Q4 the big money sentiment increased to 1.25. That’s change of 0.15, from 2017Q3’s 1.1. 28 investors sold all, 99 reduced holdings as Marvell Technology Group Ltd. ratio improved. 103 rose stakes while 56 funds amassed stakes. Funds hold 434.31 million shares thus 15.21% more from 2017Q3’s 376.98 million shares.
1,556 were reported by Covington Capital Mngmt. Sg Americas Securities Ltd Liability Company holds 0.05% of its capital in Marvell Technology Group Ltd. (NASDAQ:MRVL) for 246,006 shs. 1.91 million are held by Axa. Point72 Asset Mngmt Lp owns 0% invested in Marvell Technology Group Ltd. (NASDAQ:MRVL) for 45,000 shs. Nomura Asset Mngmt Co Ltd has 0.01% invested in Marvell Technology Group Ltd. (NASDAQ:MRVL). The New York-based Engineers Gate Manager Limited Partnership has invested 0.37% in Marvell Technology Group Ltd. (NASDAQ:MRVL). Livforsakringsbolaget Skandia Omsesidigt owns 6,096 shs or 0.01% of their US capital. 452,289 were accumulated by Brandywine Glob Lc. Wells Fargo & Mn has 0% invested in Marvell Technology Group Ltd. (NASDAQ:MRVL) for 601,293 shs. Manufacturers Life Ins Co The holds 0% or 17,067 shs in its capital. Fred Alger holds 94,773 shs or 0.01% of its capital. Teacher Retirement System Of Texas holds 0.13% or 933,009 shs. Martingale Asset Mngmt Limited Partnership holds 0.01% or 34,631 shs in its capital. Deutsche Bancshares Ag holds 0.04% or 2.92 million shs in its capital. 179,568 are owned by Eaton Vance.

On May, 31 WallStreet anticipated Marvell Technology Group Ltd. (NASDAQ:MRVL)’s earnings release, according to RTT. Last year’s EPS was $0.2, while now analysts expect change of 30.00 % up from current $0.26 EPS. If reported the P/E will be 21.03 with $129.08 million profit. Wall Street now forecasts -7.14 % negative EPS growth despite Marvell Technology Group Ltd. previous quarter’s EPS of $0.28. MRVL is touching $21.87 during the last trading session, after increased 0.78%.Marvell Technology Group Ltd. has volume of 3.69 million shares. Since May 17, 2017 MRVL has risen 35.98% and is uptrending. MRVL outperformed the S&P 500 by 24.43%.

Marvell Technology Group Ltd. (NASDAQ:MRVL) Ratings Coverage

A total of 22 analysts rate Marvell (NASDAQ:MRVL) as follows: 19 “Buy”, 3 “Hold” and 0 “Sell”. Тherefore 86% are bullish. (NASDAQ:MRVL) has 32 ratings reports on May 17, 2018 according to StockzIntelligence. On Wednesday, November 29 the rating was maintained by Needham with “Buy”. On Monday, November 20 the stock has “Buy” rating by FBR Capital. On Tuesday, November 21 the stock of Marvell Technology Group Ltd. (NASDAQ:MRVL) earned “Buy” rating by Northland Capital. The stock rating was maintained by FBR Capital with “Buy” on Monday, March 5. On Wednesday, March 7 the firm has “Buy” rating by Susquehanna given. On Tuesday, November 28 Stifel Nicolaus maintained the shares of MRVL in report with “Hold” rating. On Thursday, March 8 the stock has “Hold” rating by Stifel Nicolaus. On Friday, March 9 the firm has “Buy” rating given by Oppenheimer. On Monday, March 19 the firm has “Buy” rating by KeyBanc Capital Markets given. In Monday, November 27 report Cowen & Co maintained it with “Buy” rating and $29.0 target.

Marvell Technology Group Ltd. designs, develops, and markets analog, mixed-signal, digital signal processing, and embedded and standalone integrated circuits.The firm is worth $10.86 billion. It offers a range of storage products, such as hard disk drive 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.21.4 is the P/E ratio. The firm also provides networking products comprising Ethernet solutions comprising Ethernet switches, Ethernet physical-layer transceivers, and single-chip network interface devices; and embedded communication processors.

There’s an important Marvell Technology Group Ltd. (NASDAQ:MRVL) news brought out by It’s an item titled: “Here’s Why Marvell’s Pending Purchase of Cavium Networks Looks Brilliant” on May 12, 2018.

Marvell Technology Group Ltd. (NASDAQ:MRVL) Analyst Ratings Chart

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