$0.29 EPS Expected for Marvell Technology Group Ltd. (MRVL)

August 12, 2018 - By Jack Shaw

Marvell Technology Group Ltd. (NASDAQ:MRVL) LogoInvestors sentiment decreased to 1.24 in 2018 Q1. Its down 0.01, from 1.25 in 2017Q4. It fall, as 34 investors sold Marvell Technology Group Ltd. shares while 102 reduced holdings. 61 funds opened positions while 108 raised stakes. 492.53 million shares or 13.41% more from 434.31 million shares in 2017Q4 were reported.
Amundi Pioneer Asset Mgmt, a Massachusetts-based fund reported 949,336 shares. Argent owns 5.19 million shares or 3.99% of their US portfolio. 285,846 were reported by Royal Bancshares Of Canada. Reilly Limited Com invested in 0% or 150 shares. Canada Pension Plan Investment Board stated it has 1.42M shares or 0.05% of all its holdings. Apg Asset Nv has invested 0.01% of its portfolio in Marvell Technology Group Ltd. (NASDAQ:MRVL). 365,697 were reported by Neuberger Berman Grp Limited Co. Swedbank holds 0.49% of its portfolio in Marvell Technology Group Ltd. (NASDAQ:MRVL) for 4.50M shares. Peak6 Investments L P reported 70,301 shares or 0.01% of all its holdings. Boston owns 11.90M shares. Manufacturers Life Ins Co The accumulated 0% or 16,244 shares. Moreover, Aqr Capital Lc has 0.03% invested in Marvell Technology Group Ltd. (NASDAQ:MRVL). Amp Ltd has 0.02% invested in Marvell Technology Group Ltd. (NASDAQ:MRVL). Millennium Limited Liability Co stated it has 1.19 million shares or 0.03% of all its holdings. Suffolk Capital Management Ltd Liability Corp holds 1.77% in Marvell Technology Group Ltd. (NASDAQ:MRVL) or 595,273 shares.

Analysts expect Marvell Technology Group Ltd. (NASDAQ:MRVL) to report $0.29 EPS on August, 23.They anticipate $0.04 EPS change or 16.00 % from last quarter’s $0.25 EPS. MRVL’s profit would be $189.59M giving it 18.03 P/E if the $0.29 EPS is correct. After having $0.28 EPS previously, Marvell Technology Group Ltd.’s analysts see 3.57 % EPS growth. The stock decreased 3.60% or $0.78 during the last trading session, reaching $20.91. About 6.19 million shares traded. Marvell Technology Group Ltd. (NASDAQ:MRVL) has risen 32.76% since August 13, 2017 and is uptrending. It has outperformed by 20.19% the S&P500.

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

Among 15 analysts covering Marvell (NASDAQ:MRVL), 13 have Buy rating, 0 Sell and 2 Hold. Therefore 87% are positive. Marvell had 18 analyst reports since March 5, 2018 according to SRatingsIntel. The stock of Marvell Technology Group Ltd. (NASDAQ:MRVL) has “Buy” rating given on Wednesday, June 27 by Deutsche Bank. Oppenheimer maintained the stock with “Buy” rating in Friday, March 9 report. On Tuesday, May 29 the stock rating was maintained by M Partners with “Buy”. The stock of Marvell Technology Group Ltd. (NASDAQ:MRVL) has “Equal-Weight” rating given on Friday, March 9 by Morgan Stanley. On Monday, March 5 the stock rating was maintained by FBR Capital with “Buy”. KeyBanc Capital Markets maintained Marvell Technology Group Ltd. (NASDAQ:MRVL) rating on Monday, March 19. KeyBanc Capital Markets has “Buy” rating and $29.0 target. On Tuesday, June 26 the stock rating was initiated by Evercore with “Buy”. Piper Jaffray maintained Marvell Technology Group Ltd. (NASDAQ:MRVL) on Thursday, March 8 with “Buy” rating. As per Friday, March 9, the company rating was maintained by Jefferies. Stifel Nicolaus maintained the shares of MRVL in report on Thursday, March 8 with “Hold” rating.

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 $13.67 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 19.75 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.

Another recent and important Marvell Technology Group Ltd. (NASDAQ:MRVL) news was published by Seekingalpha.com which published an article titled: “Evercore, Cowen name semi picks ahead of earnings” on July 17, 2018.

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

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