Marvell Technology Group (MRVL) Receives Daily News Sentiment Score of 1.33

Media headlines about Marvell Technology Group (NASDAQ:MRVL) have been trending somewhat positive on Saturday, according to InfoTrie Sentiment Analysis. InfoTrie identifies positive and negative media coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Marvell Technology Group earned a media sentiment score of 1.33 on their scale. InfoTrie also assigned news articles about the semiconductor company an news buzz score of 10 out of 10, indicating that recent media coverage is extremely likely to have an effect on the company’s share price in the near future.

These are some of the media headlines that may have effected Marvell Technology Group’s ranking:

Several equities analysts have issued reports on the company. Zacks Investment Research reiterated a “buy” rating and issued a $19.00 price objective on shares of Marvell Technology Group in a research report on Wednesday. BidaskClub downgraded Marvell Technology Group from a “hold” rating to a “sell” rating in a research report on Thursday, November 8th. TheStreet downgraded Marvell Technology Group from a “b” rating to a “c+” rating in a research report on Friday, October 26th. Barclays cut their price objective on Marvell Technology Group from $30.00 to $25.00 and set an “overweight” rating for the company in a research report on Tuesday, October 23rd. Finally, Goldman Sachs Group set a $23.00 price objective on Marvell Technology Group and gave the company a “buy” rating in a research report on Wednesday, October 17th. One analyst has rated the stock with a sell rating, three have given a hold rating and twenty-four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $25.31.

Shares of MRVL stock traded down $0.20 on Friday, reaching $15.90. 14,017,589 shares of the stock were exchanged, compared to its average volume of 11,149,252. The company has a market cap of $10.36 billion, a P/E ratio of 15.29, a PEG ratio of 1.87 and a beta of 1.09. The company has a quick ratio of 1.76, a current ratio of 2.54 and a debt-to-equity ratio of 0.25. Marvell Technology Group has a one year low of $15.31 and a one year high of $25.18.

Marvell Technology Group (NASDAQ:MRVL) last released its quarterly earnings data on Thursday, September 6th. The semiconductor company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.01). The company had revenue of $665.31 million during the quarter, compared to the consensus estimate of $685.00 million. Marvell Technology Group had a net margin of 15.36% and a return on equity of 10.70%. The company’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.30 EPS. As a group, equities research analysts anticipate that Marvell Technology Group will post 0.86 earnings per share for the current fiscal year.

Marvell Technology Group announced that its board has approved a share repurchase plan on Tuesday, October 16th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the semiconductor company to buy up to 7.9% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its stock is undervalued.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 23rd. Investors of record on Tuesday, October 2nd were issued a $0.06 dividend. The ex-dividend date was Monday, October 1st. This represents a $0.24 dividend on an annualized basis and a yield of 1.51%. Marvell Technology Group’s dividend payout ratio is presently 23.08%.

In related news, CEO Matthew J. Murphy sold 10,000 shares of the company’s stock in a transaction dated Tuesday, September 4th. The stock was sold at an average price of $20.64, for a total value of $206,400.00. Following the completion of the sale, the chief executive officer now owns 1,755 shares in the company, valued at $36,223.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.10% of the company’s stock.

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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 HDD components, such as HDD preamps components; and develops software-enabled silicon solutions comprising 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 enterprises, data centers, and cloud computing businesses.

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