Postgraduate shares of BMO Markets Marvell Technology Group (NASDAQ: MRVL) from a performance scale in the market to score higher than the figure in a report published on Monday, October 15th, The Fly reports. Currently they have a price objective of $ 24.00 on the stock of the semiconductor company.
Recently, many other findings gave comments on MRVL. Argus reiterated a purchase and set price price of $ 28.00 on shares of the Marvell Technology Group in a research note on Friday, June 29th. Appreciate ValuEngine postgraduate contributions from the Marvell Technology Group from a scale to buy in a research note on Thursday, June 28th. Zacks Investment Research has broken shares of the Marvell Technology Group from a scale to buy scale in a research report on Wednesday, 1st August. The UBS Group dropped their price target on shares from the Marvell Technology Group from $ 38.00 to $ 33.00 and set the company's scale of rating in a research report on Friday, July 6th. Finally, BidaskClub broke shares of Marvell Technology Group from a sales scale to a strong sales scale in a research report on Thursday, August 2nd. One investor has rated the stock with a sales scale, four have announced a scaling rate and fourteen have issued a stock rating. The company currently has an average rate of Bryn and an average target price of $ 25.56.
NASDAQ shares: MRVL traded $ 0.32 trading on Monday, hitting $ 16.39. The stock of the company had a volume of 8,853,402 trading shares, compared to an average volume of 12,931,633. The company has a rapid ratio of 1.76, an current ratio of 2.54 and a debt-to-equity ratio of 0.25. The company has a market gap of $ 11.11 billion, price-to-earnings ratio of 15.76, price-to-earnings growth ratio of 2.02 and beta from 1.09. Marvell Technology Group has a fifty and two week low of $ 15.31 and a half-two-yearly two-week $ 25.18.
Finally, Marvell Technology Group (NASDAQ: MRVL) announced its earnings results on Thursday, September 6th. The semiconductor company reported $ 0.28 EPS for the quarter, analytical consensus estimates missing at $ 0.29 by ($ 0.01). The revenue company had $ 665.31 million for the quarter, compared to analyst estimates of $ 685.00 million. The Marvell Technology Group has returned on equity of 10.70% and a net edge of 15.36%. Business revenues for the quarter were 10.1% up each year. During the same quarter of the previous year, the company posted $ 0.30 EPS. On average, analysts expect Marvell Technology Group to post 0.86 EPS for the current year.
Marvell Technology Group announced that its Board of Directors had approved a share repurchase scheme on Tuesday, October 16th which allows the company to re-purchase $ 1.00 billion in shares. This redemption authorization allows the semiconductor company to repurchase up to 7.9% of shares through open market purchases. As a rule, share distribution plans indicate that the company's board believes its shares are underestimated.
Recently, the company announced a quarterly dividend, paid on Tuesday, October 23rd. Dividend of $ 0.06 was issued to stockholders from Tuesday, 2nd October. The pre-dividend date was Monday, 1st October. This represents a $ 0.24 dividend on an annual basis and dividend product of 1.46%. Payroll ratio of the Marvell Technology Group is 23.08%.
In related news, Matthew Mc Murphy, CEO, sold 10,000 shares of stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $ 20.64, for a total of $ 206,400.00. Upon completion of the transaction, the chief executive now owns 1,755 shares directly from the company's stock, which is worth $ 36,223.20. The transaction was filed in file with the Commission Securities & Exchange, which is available on the SEC website. Currently, 0.10% of the stock is currently owned by individuals who are corporate.
Many hedgerows and other institutional investors have recently bought and sold stock of stock. The Wealth Kiwi Investment Limited Partnership raised its holdings at Marvell Technology Group by 3.1% during the second quarter. The Kiwi Wealth Investments Limited Partnership now owns 82,642 shares of the semiconductor company stock worth $ 1,772,000 after buying 2,486 additional shares in the last quarter. Commonwealth Government Equity Services increased its position in Marvell Technology Group of 9.3% during the first quarter. Commonwealth Government Equity Services now owns 32,691 shares of semiconductor company stock worth $ 686,000 after buying 2,783 additional shares during the period. Xact Kapitalforvaltning AB grew its position at Marvell Technology Group by 4.6% during the first quarter. Xact Kapitalforvaltning AB now owns 65,011 shares of the semiconductor company stock worth $ 1,365,000 after buying 2,886 additional shares during the period. BNP Paribas Arbitrage SA grew its site at Marvell Technology Group by 2.0% during the second quarter. BNP Paribas Arbitrage SA now owns 153,996 shares of the semiconductor company stock worth $ 3,302,000 after buying 3,060 additional shares during the period. Finally, the First Mercantile Co Trust grew its position at Marvell Technology Group from 9.6% during the third quarter. First Aid Trading Co now owns 38,443 shares of semiconductor company stock worth $ 742,000 after buying 3,375 additional shares during the period. 82.65% of the stock is owned by hedge funds and other institutional investors.
About the Marvell Technology Group
Marvell Technology Group Ltd designs, develops, and analog markets, mixed signal, digital signal processing, and integrated and integrated integrated circuits. It offers a variety of storage products, including hard disk drive (HDD) and solid condition driving drivers, as well as HDD components, such as HDD predicting components; and is developing silicon solutions that are software software that include advanced technology port multipliers, bridges, serial supplemental SCSI, and unchanged memory expressing unnecessary variety of independent disk managers and convergent storage processors on for clouds, data centers and computer businesses.
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