Equities research analysts predict that Marvell Technology Group Ltd. (NASDAQ:MRVL) will post $0.15 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Ten analysts have provided estimates for Marvell Technology Group’s earnings, with the lowest EPS estimate coming in at $0.15 and the highest estimate coming in at $0.16. Marvell Technology Group posted earnings per share of $0.28 in the same quarter last year, which would suggest a negative year-over-year growth rate of 46.4%. The company is expected to report its next earnings report on Thursday, September 5th.

According to Zacks, analysts expect that Marvell Technology Group will report full year earnings of $0.79 per share for the current fiscal year, with EPS estimates ranging from $0.76 to $0.84. For the next financial year, analysts forecast that the business will report earnings of $1.32 per share, with EPS estimates ranging from $1.17 to $1.56. Zacks’ earnings per share calculations are an average based on a survey of analysts that that provide coverage for Marvell Technology Group.

Marvell Technology Group (NASDAQ:MRVL) last announced its quarterly earnings results on Thursday, May 30th. The semiconductor company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. The firm had revenue of $662.00 million for the quarter, compared to analysts’ expectations of $651.07 million. Marvell Technology Group had a positive return on equity of 5.88% and a negative net margin of 12.18%. The business’s revenue was up 9.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.32 earnings per share.

MRVL has been the topic of several analyst reports. ValuEngine raised Vale from a “sell” rating to a “hold” rating in a research note on Tuesday. TheStreet upgraded Marvell Technology Group from a “c+” rating to a “b-” rating in a research note on Wednesday, July 3rd. Needham & Company LLC reiterated a “buy” rating and set a $28.00 target price on shares of Marvell Technology Group in a research note on Sunday, June 2nd. BidaskClub cut Orthofix Medical from a “buy” rating to a “hold” rating in a report on Monday, May 20th. Finally, Bank of America reissued a “buy” rating and set a C$10.00 price target on shares of Hexo in a report on Wednesday, April 17th. Six investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. Marvell Technology Group has a consensus rating of “Buy” and an average target price of $26.00.

In related news, CAO Willem A. Meintjes sold 28,057 shares of the business’s stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $24.32, for a total value of $682,346.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael G. Strachan sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $24.53, for a total transaction of $245,300.00. The disclosure for this sale can be found here. Insiders have sold 58,057 shares of company stock valued at $1,404,346 over the last quarter. Company insiders own 1.10% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in MRVL. Prudential Financial Inc. increased its position in shares of Marvell Technology Group by 3.5% during the fourth quarter. Prudential Financial Inc. now owns 38,351 shares of the semiconductor company’s stock worth $621,000 after acquiring an additional 1,290 shares during the period. Commonwealth Equity Services LLC boosted its stake in Marvell Technology Group by 4.0% in the fourth quarter. Commonwealth Equity Services LLC now owns 46,907 shares of the semiconductor company’s stock valued at $759,000 after acquiring an additional 1,821 shares in the last quarter. Advisor Group Inc. boosted its stake in Marvell Technology Group by 19.7% in the fourth quarter. Advisor Group Inc. now owns 16,092 shares of the semiconductor company’s stock valued at $261,000 after acquiring an additional 2,648 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Marvell Technology Group by 2.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,720,199 shares of the semiconductor company’s stock valued at $76,403,000 after acquiring an additional 128,943 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Marvell Technology Group by 6.4% during the fourth quarter. Geode Capital Management LLC now owns 5,974,001 shares of the semiconductor company’s stock worth $96,654,000 after buying an additional 360,969 shares during the period.

Marvell Technology Group stock traded up $0.38 during mid-day trading on Wednesday, hitting $26.11. The stock had a trading volume of 506,880 shares, compared to its average volume of 7,574,245. The firm’s 50-day moving average is $23.98. The firm has a market cap of $17.20 billion, a PE ratio of 30.71, a PEG ratio of 8.17 and a beta of 1.17. Marvell Technology Group has a 12 month low of $14.34 and a 12 month high of $26.18. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.07 and a quick ratio of 1.67.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, July 12th will be issued a dividend of $0.06 per share. The ex-dividend date is Thursday, July 11th. This represents a $0.24 annualized dividend and a dividend yield of 0.92%. Marvell Technology Group’s payout ratio is 28.24%.

Marvell Technology Group Company Profile

Marvell Technology Group Ltd. designs, develops, and markets analog, mixed-signal, digital signal processing, and embedded and standalone integrated circuits. It offers a range of storage products, including hard disk drive (HDD) and solid-state drive controllers, as well as preamplifiers; supports a variety of host system interfaces consisting of serial attached SCSI (SAS), serial advanced technology attachment (SATA), peripheral component interconnect express, and non-volatile memory express; and develops software-enabled silicon solutions comprising SATA port multipliers, bridges, SATA, SAS, and non-volatile memory express redundant array of independent disks controllers and converged storage processors for enterprises, data centers, and cloud computing businesses.

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