Somewhat Positive Media Coverage Somewhat Unlikely to Affect Marvell Technology Group (MRVL) Stock Price
Media headlines about Marvell Technology Group (NASDAQ:MRVL) have trended somewhat positive recently, Accern Sentiment reports. Accern identifies negative and positive news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Marvell Technology Group earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned media stories about the semiconductor company an impact score of 45.4507025925273 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news articles that may have impacted Accern Sentiment Analysis’s analysis:
- Stocks Touching on Performance Valuation: Marvell Technology Group Ltd. (NASDAQ:MRVL) – NASDAQ Times (nasdaqtimes.com)
- Active Stock Evaluation: Marvell Technology Group Ltd. (NASDAQ: MRVL) – The Investor Guide (wallstreetnews24.com)
- Latest Tally Of Analyst Opinions: Marvell Technology Group Ltd. (NASDAQ:MRVL), Conduent Incorporated (NYSE … – Market Breaking Point (press release) (journalfinance.net)
- Marvell Technology Group Ltd. (MRVL) Ex-Dividend Date Scheduled for October 06, 2017 – Nasdaq (nasdaq.com)
- Marvell Technology Group Ltd. (MRVL) Major Shareholder Sells $26,344,700.00 in Stock (americanbankingnews.com)
Shares of Marvell Technology Group (NASDAQ MRVL) opened at 18.37 on Friday. The company’s 50-day moving average price is $17.49 and its 200-day moving average price is $16.42. The company has a market capitalization of $9.11 billion, a price-to-earnings ratio of 35.60 and a beta of 1.13. Marvell Technology Group has a 52-week low of $12.30 and a 52-week high of $18.72.
Marvell Technology Group (NASDAQ:MRVL) last announced its quarterly earnings data on Thursday, August 24th. The semiconductor company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.03). Marvell Technology Group had a net margin of 10.97% and a return on equity of 9.99%. The firm had revenue of $604.75 million for the quarter, compared to analyst estimates of $600.76 million. During the same quarter in the prior year, the firm earned $0.18 earnings per share. The firm’s revenue for the quarter was up 16.4% on a year-over-year basis. Equities research analysts forecast that Marvell Technology Group will post $1.12 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 26th. Shareholders of record on Tuesday, October 10th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, October 6th. This represents a $0.24 annualized dividend and a yield of 1.31%. Marvell Technology Group’s dividend payout ratio is currently 47.06%.
Several equities analysts recently weighed in on the company. KeyCorp reissued a “buy” rating and set a $25.00 price objective on shares of Marvell Technology Group in a research report on Wednesday. B. Riley reissued a “buy” rating and set a $24.00 price objective on shares of Marvell Technology Group in a research report on Monday, September 25th. BMO Capital Markets reissued a “market perform” rating and set a $16.00 price objective on shares of Marvell Technology Group in a research report on Monday, August 28th. Loop Capital reissued a “buy” rating and set a $22.00 price objective on shares of Marvell Technology Group in a research report on Friday, August 25th. Finally, Oppenheimer Holdings, Inc. reissued a “buy” rating and set a $23.00 price objective on shares of Marvell Technology Group in a research report on Friday, August 25th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. Marvell Technology Group has an average rating of “Buy” and an average target price of $19.31.
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In other Marvell Technology Group news, major shareholder Sehat Sutardja sold 537,235 shares of the business’s stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $17.57, for a total transaction of $9,439,218.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Over the last 90 days, insiders have sold 8,778,738 shares of company stock valued at $158,368,161. Company insiders own 6.80% of the company’s stock.
About Marvell Technology Group
Marvell Technology Group Ltd. is a semiconductor provider of application-specific standard products. The Company is engaged in the design, development and sale of integrated circuits. The Company develops System-on-a-Chip (SoC) devices. It also develops integrated hardware platforms along with software that incorporates digital computing technologies designed and configured to provide an optimized computing solution.
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