EPS for Marvell Technology Group Ltd. (MRVL) Expected At $0.29

August 12, 2018 - By Darrell Taylor

Marvell Technology Group Ltd. (NASDAQ:MRVL) LogoInvestors sentiment decreased to 1.24 in Q1 2018. Its down 0.01, from 1.25 in 2017Q4. It dived, as 34 investors sold Marvell Technology Group Ltd. shares while 102 reduced holdings. 61 funds opened positions while 108 raised stakes. 492.53 million shares or 13.41% more from 434.31 million shares in 2017Q4 were reported.
British Columbia Invest Mngmt Corp holds 210,696 shares. Verition Fund Management Limited Liability Corp holds 0.05% or 30,892 shares in its portfolio. Advisors Asset Mgmt has invested 0.02% in Marvell Technology Group Ltd. (NASDAQ:MRVL). Mackenzie invested 0.02% in Marvell Technology Group Ltd. (NASDAQ:MRVL). Hong Kong-based Point72 Asia (Hong Kong) Ltd has invested 0.09% in Marvell Technology Group Ltd. (NASDAQ:MRVL). Amundi Pioneer Asset Management accumulated 949,336 shares. Moreover, Ubs Asset Mngmt Americas has 0% invested in Marvell Technology Group Ltd. (NASDAQ:MRVL) for 7.76M shares. 179,568 were reported by Eaton Vance Mngmt. Fund Management holds 613,585 shares. Magnetar Finance Llc has 0.03% invested in Marvell Technology Group Ltd. (NASDAQ:MRVL). Jennison Associates Limited Liability owns 4.88 million shares. Wells Fargo & Com Mn, a California-based fund reported 677,940 shares. Etrade Capital Mgmt Ltd Company stated it has 59,214 shares or 0.04% of all its holdings. Moneta Grp Invest Advsrs Ltd Liability Corporation reported 32,450 shares stake. Los Angeles Management And Equity owns 2.14M shares.

Analysts expect Marvell Technology Group Ltd. (NASDAQ:MRVL) to report $0.29 EPS on August, 23.They anticipate $0.04 EPS change or 16.00 % from last quarter’s $0.25 EPS. MRVL’s profit would be $189.59M giving it 18.03 P/E if the $0.29 EPS is correct. After having $0.28 EPS previously, Marvell Technology Group Ltd.’s analysts see 3.57 % EPS growth. The stock decreased 3.60% or $0.78 during the last trading session, reaching $20.91. About 6.19M shares traded. Marvell Technology Group Ltd. (NASDAQ:MRVL) has risen 32.76% since August 13, 2017 and is uptrending. It has outperformed by 20.19% the S&P500.

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

Among 15 analysts covering Marvell (NASDAQ:MRVL), 13 have Buy rating, 0 Sell and 2 Hold. Therefore 87% are positive. Marvell had 18 analyst reports since March 5, 2018 according to SRatingsIntel. The stock has “Buy” rating by Cowen & Co on Friday, March 9. The company was maintained on Friday, July 6 by UBS. The stock of Marvell Technology Group Ltd. (NASDAQ:MRVL) has “Hold” rating given on Thursday, March 8 by Stifel Nicolaus. FBR Capital maintained the stock with “Buy” rating in Monday, March 5 report. As per Monday, May 21, the company rating was maintained by FBR Capital. Evercore initiated the stock with “Buy” rating in Tuesday, June 26 report. Argus Research maintained it with “Buy” rating and $2800 target in Monday, June 4 report. Piper Jaffray maintained the shares of MRVL in report on Thursday, March 8 with “Buy” rating. Susquehanna maintained the shares of MRVL in report on Wednesday, March 7 with “Buy” rating. The firm has “Buy” rating given on Friday, March 9 by Jefferies.

Marvell Technology Group Ltd. designs, develops, and markets analog, mixed-signal, digital signal processing, and embedded and standalone integrated circuits. The company has market cap of $13.67 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. It has a 19.75 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.

Another recent and important Marvell Technology Group Ltd. (NASDAQ:MRVL) news was published by Seekingalpha.com which published an article titled: “Evercore, Cowen name semi picks ahead of earnings” on July 17, 2018.

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

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