Analysts See $0.23 EPS for Marvell Technology Group Ltd. (MRVL) as of March, 14

Marvell Technology Group Ltd. (NASDAQ:MRVL) Corporate Logo
Big Money Sentiment increased to 1.46 in Q3 2018. It has change of 0.21, from 2018Q2’s 1.25. The ratio is positive due to Marvell Technology Group Ltd. positioning: 51 sold and 83 reduced. 65 funds amassed positions and 130 increased positions. Investors holded 512.84 million in 2018Q2 but now own 603.15 million shares or 17.61% more.
Verition Fund has 64,173 shs. Parkside Finance Bancorporation And holds 35 shs. Prelude Capital Management Ltd Liability owns 17,284 shs. Amp Capital Investors Ltd accumulated 207,459 shs. Twin Tree Mgmt L P invested in 0.01% or 85,232 shs. The Ontario – Canada-based Toronto Dominion Bancorp has invested 0.02% in Marvell Technology Group Ltd. (NASDAQ:MRVL). Nomura Incorporated accumulated 74,267 shs or 0.01% of the stock. Hartford Management Communication holds 0.01% of its capital in Marvell Technology Group Ltd. (NASDAQ:MRVL) for 13,152 shs. Shaker Lc Oh has invested 0.36% in Marvell Technology Group Ltd. (NASDAQ:MRVL). Maplelane Ltd Llc has invested 0.64% of its capital in Marvell Technology Group Ltd. (NASDAQ:MRVL). Shine Advisory Services holds 0.01% or 973 shs in its capital. First Mercantile Commerce, a Tennessee-based fund reported 38,443 shs. Eidelman Virant Capital reported 149,000 shs stake. Adage Capital Prtn Group Incorporated Ltd Liability Co holds 1.75 million shs or 0.08% of its capital. Moreover, Quantum Cap Mgmt has 1.4% invested in Marvell Technology Group Ltd. (NASDAQ:MRVL) for 203,331 shs.

Marvell Technology Group Ltd. (NASDAQ:MRVL)’s earnings release is awaited by WallStreet on March, 14, according to Zacks. EPS of $0.23 is 17.86 % down from 2018’s $0.28 EPS. The profit will be $151.21M for MRVL if $0.23 EPS becomes true. Wall Street now predicts -8.00 % negative EPS growth despite Marvell Technology Group Ltd. previous quarter’s EPS of $0.25. MRVL touched $20.03 during the last trading session after $0.08 change.Currently Marvell Technology Group Ltd. is downtrending after 30.23% change in last March 2, 2018. MRVL has 10.15M shares volume. The stock underperformed the S&P 500 by 30.23%.

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

A total of 8 analysts rate Marvell Technology Group (NASDAQ:MRVL) as follows: 7 “Buy”, 1 “Hold” and 0 “Sell”. Š¢herefore 88% are bullish. (NASDAQ:MRVL) has 12 ratings reports on Mar 2, 2019 according to StockzIntelligence. On Friday, October 12 the firm earned “Buy” rating by Stifel Nicolaus. On Friday, November 30 the rating was maintained by Barclays Capital with “Overweight”. The company rating was downgraded by Craig Hallum on Thursday, February 7. In Thursday, December 6 report Citigroup maintained it with “Neutral” rating and $17.3 target. The stock rating was maintained by Deutsche Bank with “Buy” on Monday, December 3. On Wednesday, October 10 the stock of Marvell Technology Group Ltd. (NASDAQ:MRVL) has “Buy” rating given by FBR Capital. On Thursday, December 13 the firm has “Buy” rating by Citigroup given. On Tuesday, October 23 the rating was maintained by Barclays Capital with “Overweight”. On Wednesday, February 27 Susquehanna maintained the shares of MRVL in report with “Buy” rating. On Wednesday, February 27 the stock of Marvell Technology Group Ltd. (NASDAQ:MRVL) earned “Buy” rating by FBR Capital.

Marvell Technology Group Ltd. designs, develops, and markets analog, mixed-signal, digital signal processing, and embedded and standalone integrated circuits.The firm is worth $13.17 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.The P/E ratio is 85.6. 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.

For more Marvell Technology Group Ltd. (NASDAQ:MRVL) news posted briefly go to: Nasdaq.com, Nasdaq.com, Nasdaq.com, Seekingalpha.com or Nasdaq.com. The titles are as follows: “Marvell (MRVL) Up 6.5% Since Last Earnings Report: Can It Continue? – Nasdaq” posted on January 03, 2019, “Is Marvell Technology Group (MRVL) Stock Outpacing Its Computer and Technology Peers This Year? – Nasdaq” on January 25, 2019, “Weekly Market Preview: Five Stocks To Watch For the Coming Week (HPE, MRVL, LULU, DOCU, AVGO) – Nasdaq” with a publish date: December 02, 2018, “How to play the U.S./China tech war – Barron’s – Seeking Alpha” and the last “Marvell (MRVL) to Report Q3 Earnings: What’s in the Cards? – Nasdaq” with publication date: November 29, 2018.

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

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