BofA – Marvell Expertise Group (NASDAQ:MRVL) PT Raised to $42.00 at Morgan Stanley

Marvell Expertise Group (NASDAQ:MRVL) had its goal price hoisted by analysts at Morgan Stanley from $40.00 to $42.00 in a analysis report issued on Friday, Fintech Zoom stories. The agency at present has an “equal weight” ranking on the semiconductor firm’s stock. Morgan Stanley’s price goal would point out a possible draw back of two.98% from the stock’s present price.

MRVL has been the subject of a number of different analysis stories. Barclays boosted their price goal on shares of Marvell Expertise Group from $42.00 to $50.00 and gave the corporate an “obese” ranking in a analysis report on Friday. UBS Group upped their price goal on Marvell Expertise Group from $47.00 to $50.00 and gave the corporate a “purchase” ranking in a report on Friday. Bank of America reissued a “purchase” ranking and set a $55.00 goal price on shares of Marvell Expertise Group in a analysis be aware on Thursday. Deutsche Bank Aktiengesellschaft lifted their goal price on Marvell Expertise Group from $45.00 to $50.00 and gave the corporate a “purchase” ranking in a analysis report on Friday, October ninth. Lastly, Cowen elevated their price goal on Marvell Expertise Group from $31.00 to $39.00 and gave the stock a “market carry out” ranking in a report on Friday, October ninth. Six funding analysts have rated the stock with a maintain ranking and twenty-four have assigned a purchase ranking to the stock. Marvell Expertise Group presently has a consensus ranking of “Purchase” and a consensus goal price of $46.54.

MRVL traded down $2.23 throughout buying and selling on Friday, reaching $43.29. The corporate’s stock had a buying and selling quantity of 332,534 shares, in comparison with its common quantity of 9,507,880. The corporate has a market cap of $30.51 billion, a price-to-earnings ratio of 20.78, a PEG ratio of three.66 and a beta of 1.09. The agency has a fifty day easy transferring common of $42.42 and a two-hundred day easy transferring common of $37.65. Marvell Expertise Group has a 1 yr low of $16.45 and a 1 yr excessive of $47.21. The corporate has a fast ratio of 1.12, a present ratio of 1.33 and a debt-to-equity ratio of 0.12.

Marvell Expertise Group (NASDAQ:MRVL) final posted its quarterly earnings outcomes on Thursday, December third. The semiconductor firm reported $0.25 EPS for the quarter, assembly the consensus estimate of $0.25. The agency had income of $750.10 million throughout the quarter, in comparison with analysts’ expectations of $751.01 million. Marvell Expertise Group had a return on fairness of three.10% and a web margin of 50.67%. The enterprise’s income for the quarter was up 13.3% on a year-over-year foundation. Throughout the identical quarter final yr, the agency earned $0.17 earnings per share. As a gaggle, equities analysts forecast that Marvell Expertise Group will submit 0.57 EPS for the present fiscal yr.

In different information, CFO Jean X. Hu offered 11,796 shares of the enterprise’s stock in a transaction dated Monday, November 16th. The stock was offered at a mean price of $43.20, for a complete transaction of $509,587.20. Following the completion of the transaction, the chief monetary officer now immediately owns 116,208 shares of the corporate’s stock, valued at $5,020,185.60. The sale was disclosed in a submitting with the SEC, which is accessible by way of this hyperlink. Additionally, CFO Jean X. Hu offered 19,706 shares of the corporate’s stock in a transaction that occurred on Thursday, October 15th. The stock was offered at a mean price of $42.77, for a complete transaction of $842,825.62. Following the sale, the chief monetary officer now owns 122,486 shares within the firm, valued at $5,238,726.22. The disclosure for this sale will be discovered right here. Insiders have offered 64,002 shares of firm stock worth $2,694,638 within the final ninety days. Company insiders personal 0.29% of the corporate’s stock.

A number of massive traders have not too long ago made modifications to their positions in MRVL. San Francisco Sentry Funding Group CA bought a brand new stake in shares of Marvell Expertise Group within the third quarter valued at about $25,000. Crewe Advisors LLC lifted its stake in Marvell Expertise Group by 56.5% within the third quarter. Crewe Advisors LLC now owns 673 shares of the semiconductor firm’s stock valued at $27,000 after shopping for an extra 243 shares over the last quarter. FNY Funding Advisers LLC acquired a brand new stake in shares of Marvell Expertise Group within the third quarter valued at roughly $27,000. Captrust Monetary Advisors bought a brand new place in shares of Marvell Expertise Group throughout the second quarter worth roughly $25,000. Lastly, South State CORP. acquired a brand new place in shares of Marvell Expertise Group within the third quarter valued at $31,000. 77.86% of the stock is at present owned by institutional traders.

Marvell Expertise Group Firm Profile

Marvell Expertise Group Ltd. designs, develops, and sells analog, mixed-signal, digital sign processing, and embedded and standalone built-in circuits. It affords a portfolio of Ethernet options, together with controllers, community adapters, bodily transceivers, and switches; single or a number of core processors; customized utility particular built-in circuits; and printer SoC merchandise and utility processors.

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