Marvell Technology Group Ltd. (MRVL)- Stocks Rallying on Performance Valuation

KeyCorp upped their price target on Marvell Technology Group from $22.00 to $23.00 and gave the stock an overweight rating in a research report on Friday, August 25th.

And if this wasn't enough, the stock has actually seen estimates rise over the past month for the current fiscal year by 2.1%. In order to know the value of a stock, there is need to compare its current price to its likely trading price in the future. The institutional investor held 26,626 shares of the semiconductors company at the end of 2017Q2, valued at $440,000, down from 177,687 at the end of the previous reported quarter. Credit Suisse Group reaffirmed a "buy" rating on shares of Marvell Technology Group in a research report on Wednesday, August 23rd.

MRVLs average Altman Z-Score: 12.19 in the past 7 years. The Piotroski F-Score of Marvell Technology Group Ltd. (NasdaqGS:MRVL) is 8. Eight investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of "Buy" and a consensus target price of $23.48.

Marvell Technology Group Ltd. (MRVL) shows its Return on Assets (ROA) value of 0 percent, while the Return on Equity (ROE) value is 0 percent and Return on Investment (ROI) value stands at 0.7 percent. Marvell Technology Group has $34.0 highest and $6 lowest target. The company has Relative Strength Index (RSI 14) of 59.81 together with Average True Range (ATR 14) of 0.72.

Marvell Technology Group Ltd.is a semiconductor provider of application-specific standard products. The business had revenue of $616.00 million for the quarter, compared to analysts' expectations of $613.49 million. Moreover, Robinson Capital Management Llc has 1.38% invested in the company for 198,408 shares.

Graham Capital Management Lp decreased Marvell Technology Group Ltd (MRVL) stake by 58.82% reported in 2017Q2 SEC filing.

In related news, major shareholder Sehat Sutardja sold 492,343 shares of the business's stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $21.20, for a total value of $208,014.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The firm earned "Sell" rating on Thursday, December 1 by UBS. The disclosure for this sale can be found here. While in the same Quarter Previous year, the Actual EPS was $0.22.

A number of equities analysts have recently commented on MRVL shares. Creative Planning raised its position in shares of Marvell Technology Group by 39.8% during the 2nd quarter. Creative Planning now owns 10,008 shares of the semiconductor company's stock worth $165,000 after purchasing an additional 2,850 shares during the last quarter. Polar Capital Limited Liability Partnership holds 0.3% or 2.98M shares in its portfolio. Epoch Investment Partners Inc. lifted its stake in Marvell Technology Group by 981.1% in the third quarter. NGAM Advisors L.P. now owns 171,521 shares of the semiconductor company's stock valued at $2,834,000 after acquiring an additional 37,892 shares during the last quarter. Bnp Paribas Asset Management has invested 0% in Marvell Technology Group Ltd. (NASDAQ:MRVL).

Marvell Technology Group Ltd. designs, develops, and markets analog, mixed-signal, digital signal processing, and embedded and standalone integrated circuits. Tokio Marine Asset Management Co. Hedge funds and other institutional investors own 78.84% of the company's stock.

TRADEMARK VIOLATION NOTICE: This article was originally posted by The Lincolnian Online and is the property of of The Lincolnian Online. If you are viewing this piece of content on another website, it was copied illegally and reposted in violation of USA and global trademark & copyright law. The legal version of this piece of content can be viewed at https://weekherald.com/2017/12/07/marvell-technology-group-ltd-mrvl-price-target-increased-to-30-00-by-analysts-at-oppenheimer-holdings-inc.html. Shannon River Fund Mgmt Ltd Com reported 5.88% of its portfolio in Marvell Technology Group Ltd. (NASDAQ:MRVL).

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