Marvell (NASDAQ:MRVL) “Outperform” Rating Kept Today By Cowen; The Target Price is Set to $22

Marvell Technology Group Ltd. (NASDAQ:MRVL) Logo

Investors sentiment increased to 1.25 in Q2 2018. Its up 0.01, from 1.24 in 2018Q1. It is positive, as 39 investors sold Marvell Technology Group Ltd. shares while 100 reduced holdings. 54 funds opened positions while 120 raised stakes. 512.84 million shares or 4.12% more from 492.53 million shares in 2018Q1 were reported.

Aperio Grp Limited Com accumulated 76,227 shares or 0.01% of the stock. Citadel Advsr Lc invested 0.15% in Marvell Technology Group Ltd. (NASDAQ:MRVL). Geode Cap Ltd Liability stated it has 4.71 million shares or 0.03% of all its holdings. 6.26 million were accumulated by Barclays Plc. 619,162 were accumulated by Nordea Invest Management. Moreover, Kbc Nv has 0.01% invested in Marvell Technology Group Ltd. (NASDAQ:MRVL). Campbell Invest Adviser Limited Company stated it has 28,734 shares or 0.47% of all its holdings. State Bank Of Montreal Can holds 248,909 shares. 9.15M were reported by State Street. Great Lakes Advisors Lc reported 744,519 shares stake. Wexford Cap L P reported 0.31% in Marvell Technology Group Ltd. (NASDAQ:MRVL). The New York-based Bnp Paribas Arbitrage Sa has invested 0% in Marvell Technology Group Ltd. (NASDAQ:MRVL). Epoch Investment Inc reported 11.98M shares stake. Andra Ap invested in 0.09% or 152,600 shares. State Of Tennessee Treasury Department invested 0.21% in Marvell Technology Group Ltd. (NASDAQ:MRVL).

Marvell (NASDAQ:MRVL) Rating Reaffirmed

The broker has just set a PT of $22 on Marvell (NASDAQ:MRVL) shares. This is 38.80 % from the last stock close. In an analyst note sent to clients and investors on Thursday morning, Cowen maintained their “Outperform” rating on shares of MRVL.

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

Among 7 analysts covering Marvell (NASDAQ:MRVL), 6 have Buy rating, 0 Sell and 1 Hold. Therefore 86% are positive. Marvell has $33 highest and $20 lowest target. $25’s average target is 57.73% above currents $15.85 stock price. Marvell had 9 analyst reports since June 26, 2018 according to SRatingsIntel. The stock has “Buy” rating by Deutsche Bank on Monday, December 3. The stock of Marvell Technology Group Ltd. (NASDAQ:MRVL) earned “Overweight” rating by Barclays Capital on Tuesday, October 23. Stifel Nicolaus upgraded the shares of MRVL in report on Friday, October 12 to “Buy” rating. The stock of Marvell Technology Group Ltd. (NASDAQ:MRVL) earned “Buy” rating by UBS on Friday, July 6. On Tuesday, June 26 the stock rating was initiated by Evercore with “Buy”. As per Wednesday, October 10, the company rating was maintained by FBR Capital. Citigroup maintained Marvell Technology Group Ltd. (NASDAQ:MRVL) on Friday, September 14 with “Neutral” rating. The stock of Marvell Technology Group Ltd. (NASDAQ:MRVL) earned “Buy” rating by Deutsche Bank on Wednesday, June 27. The firm has “Overweight” rating given on Friday, November 30 by Barclays Capital.

The stock increased 2.26% or $0.35 during the last trading session, reaching $15.85. About 6.54M shares traded. Marvell Technology Group Ltd. (NASDAQ:MRVL) has risen 4.15% since December 6, 2017 and is uptrending. It has underperformed by 11.47% the S&P500.

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 $10.44 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 21.62 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.

More notable recent Marvell Technology Group Ltd. (NASDAQ:MRVL) news were published by: Nasdaq.com which released: “After-Hours Earnings Report for December 4, 2018 : HPE, MRVL, GWRE, OLLI, HQY, TOL, MDB, HOME – Nasdaq” on December 04, 2018, also Streetinsider.com with their article: “Marvell Technology (MRVL) Near Term Estimates Cut At Barclays, PT To $23 – StreetInsider.com” published on November 30, 2018, Nasdaq.com published: “Marvell Technology Group Ltd. (MRVL) Ex-Dividend Date Scheduled for October 01, 2018 – Nasdaq” on September 28, 2018. More interesting news about Marvell Technology Group Ltd. (NASDAQ:MRVL) were released by: Benzinga.com and their article: “4 Stocks Moving In Tuesday’s After-Hours Session – Benzinga” published on December 04, 2018 as well as Nasdaq.com‘s news article titled: “Marvell Technology (MRVL) Q3 Earnings and Revenues Surpass Estimates – Nasdaq” with publication date: December 04, 2018.

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

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