Analysts See $0.19 EPS for Marvell Technology Group Ltd. (MRVL)

November 10, 2018 - By whatsonthorold

Marvell Technology Group Ltd. (NASDAQ:MRVL) LogoInvestors sentiment increased to 1.25 in 2018 Q2. Its up 0.01, from 1.24 in 2018Q1. It improved, 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.
Captrust holds 1,876 shares or 0% of its portfolio. Natixis Advisors Limited Partnership owns 175,849 shares. Tokio Marine Asset Management has invested 0.12% in Marvell Technology Group Ltd. (NASDAQ:MRVL). Nomura Hldgs owns 0.02% invested in Marvell Technology Group Ltd. (NASDAQ:MRVL) for 250,758 shares. 311,718 are owned by Hoertkorn Richard Charles. Deutsche Bank & Trust Ag holds 915,992 shares or 0.01% of its portfolio. 1,430 were reported by Financial Architects. Sphera Funds Management Limited reported 109,842 shares or 0.32% of all its holdings. Quantum Mngmt has 0.56% invested in Marvell Technology Group Ltd. (NASDAQ:MRVL) for 67,823 shares. Prudential Fincl, a New Jersey-based fund reported 26,726 shares. Fincl Corp, Missouri-based fund reported 26,495 shares. 770,785 are owned by Zweig. Susquehanna Intl Gru Ltd Liability Partnership holds 886,954 shares. Fjarde Ap invested 0.05% in Marvell Technology Group Ltd. (NASDAQ:MRVL). Sei Invs Communication holds 270,787 shares.

Analysts expect Marvell Technology Group Ltd. (NASDAQ:MRVL) to report $0.19 EPS on November, 27.They anticipate $0.11 EPS change or 36.67 % from last quarter’s $0.3 EPS. MRVL’s profit would be $125.09M giving it 21.57 P/E if the $0.19 EPS is correct. After having $0.18 EPS previously, Marvell Technology Group Ltd.’s analysts see 5.56 % EPS growth. The stock decreased 1.92% or $0.32 during the last trading session, reaching $16.39. About 8.86M shares traded. Marvell Technology Group Ltd. (NASDAQ:MRVL) has risen 4.15% since November 11, 2017 and is uptrending. It has underperformed by 11.47% the S&P500.

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

Among 9 analysts covering Marvell (NASDAQ:MRVL), 8 have Buy rating, 0 Sell and 1 Hold. Therefore 89% are positive. Marvell had 10 analyst reports since May 21, 2018 according to SRatingsIntel. The company was maintained on Friday, September 14 by Citigroup. FBR Capital maintained the stock with “Buy” rating in Monday, May 21 report. 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 FBR Capital on Wednesday, October 10. The firm has “Overweight” rating by Barclays Capital given on Tuesday, October 23. The firm has “Buy” rating by UBS given on Friday, July 6. The rating was maintained by Argus Research on Monday, June 4 with “Buy”. The stock has “Buy” rating by Deutsche Bank on Wednesday, June 27. The stock of Marvell Technology Group Ltd. (NASDAQ:MRVL) has “Buy” rating given on Tuesday, May 29 by M Partners. As per Tuesday, June 26, the company rating was initiated by Evercore.

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 $10.79 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 22.36 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 recent Marvell Technology Group Ltd. (NASDAQ:MRVL) news were published by: which released: “3 Chip Stocks Still Worth Buying” on November 05, 2018. Also published the news titled: “10 Strong Buy Stocks Trading at Killer Entry Points” on November 08, 2018.‘s news article titled: “Marvell Holds Attractive Risk-Reward, BMO Says In Upgrade” with publication date: October 16, 2018 was also an interesting one.

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

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