Technology

Marvell Know-how (NASDAQ:MRVL) Given New $80.00 Worth Goal at Oppenheimer

Marvell Know-how (NASDAQ:MRVL – Get Ranking) had its goal worth lowered by Oppenheimer from $90.00 to $80.00 in a notice issued to traders on Monday, The Fly stories. Oppenheimer’s worth goal signifies a possible upside of 86.13% from the inventory’s earlier shut.

Numerous different analysts have additionally not too long ago issued stories on MRVL. Financial institution of America raised their goal worth on shares of Marvell Know-how from $60.00 to $65.00 in a analysis notice on Sunday, August twenty eighth. The Goldman Sachs Group boosted their worth goal on Marvell Know-how from $55.00 to $62.00 and gave the inventory a “purchase” score in a report on Friday, August twenty sixth. KeyCorp dropped their worth goal on shares of Marvell Know-how from $90.00 to $75.00 and set an “obese” score for the corporate in a analysis notice on Friday, August twenty sixth. Citigroup dropped their worth goal on Marvell Know-how from $74.00 to $71.00 and set a “purchase” score for the corporate in a report on Tuesday, October eleventh. Lastly, Credit score Suisse Group started protection on shares of Marvell Know-how in a report on Tuesday, November fifteenth. They set an “outperform” score and a $56.00 worth goal for the corporate. One analysis analyst has rated the inventory with a promote score, three have issued a maintain score and twenty-eight have assigned a purchase score to the inventory. In line with information from MarketBeat.com, the inventory presently has a consensus score of “Average Purchase” and a mean worth goal of $75.89.

Marvell Know-how Worth Efficiency

NASDAQ:MRVL opened at $42.98 on Monday. Marvell Know-how has a 12-month low of $35.30 and a 12-month excessive of $93.85. The agency has a market capitalization of $36.64 billion, a price-to-earnings ratio of -165.31, a P/E/G ratio of 1.90 and a beta of 1.39. The inventory’s 50 day transferring common worth is $41.66 and its two-hundred day transferring common worth is $47.93. The corporate has a fast ratio of 0.93, a present ratio of 1.35 and a debt-to-equity ratio of 0.25.

Marvell Know-how (NASDAQ:MRVL – Get Ranking) final posted its quarterly earnings outcomes on Thursday, August twenty fifth. The semiconductor firm reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.01. Marvell Know-how had a optimistic return on fairness of seven.94% and a destructive internet margin of three.95%. The enterprise had income of $1.52 billion for the quarter, in comparison with analysts’ expectations of $1.52 billion. Throughout the identical quarter within the prior 12 months, the enterprise earned $0.21 EPS. The agency’s income for the quarter was up 41.0% on a year-over-year foundation. On common, analysts anticipate that Marvell Know-how will submit 1.66 earnings per share for the present 12 months.

Insider Shopping for and Promoting

In different Marvell Know-how information, EVP Nariman Yousefi offered 10,000 shares of the inventory in a transaction on Monday, October third. The inventory was offered at a mean worth of $45.00, for a complete transaction of $450,000.00. Following the completion of the transaction, the manager vice chairman now instantly owns 274,144 shares of the corporate’s inventory, valued at $12,336,480. The sale was disclosed in a submitting with the SEC, which is obtainable by the SEC web site. In different information, EVP Mitchell Gaynor offered 5,000 shares of Marvell Know-how inventory in a transaction dated Saturday, October fifteenth. The shares have been offered at a mean worth of $39.61, for a complete worth of $198,050.00. Following the completion of the transaction, the manager vice chairman now owns 103,429 shares within the firm, valued at $4,096,822.69. The transaction was disclosed in a submitting with the Securities & Alternate Fee, which is obtainable by the SEC web site. Additionally, EVP Nariman Yousefi offered 10,000 shares of the enterprise’s inventory in a transaction that occurred on Monday, October third. The shares have been offered at a mean worth of $45.00, for a complete transaction of $450,000.00. Following the completion of the sale, the manager vice chairman now instantly owns 274,144 shares within the firm, valued at roughly $12,336,480. The disclosure for this sale may be discovered right here. Within the final quarter, insiders have offered 20,000 shares of firm inventory valued at $886,800. 0.45% of the inventory is owned by firm insiders.

Institutional Inflows and Outflows

A number of institutional traders and hedge funds have not too long ago purchased and offered shares of the enterprise. MUFG Americas Holdings Corp lifted its place in shares of Marvell Know-how by 90.2% through the first quarter. MUFG Americas Holdings Corp now owns 369 shares of the semiconductor firm’s inventory price $26,000 after buying an extra 175 shares within the final quarter. Guardian Wealth Advisors LLC purchased a brand new stake in shares of Marvell Know-how through the third quarter valued at $26,000. Canton Hathaway LLC purchased a brand new stake in shares of Marvell Know-how through the 2nd quarter valued at $28,000. Arlington Companions LLC bought a brand new stake in Marvell Know-how through the 2nd quarter price about $29,000. Lastly, Deseret Mutual Profit Directors boosted its stake in Marvell Know-how by 140.3% within the 2nd quarter. Deseret Mutual Profit Directors now owns 668 shares of the semiconductor firm’s inventory price $29,000 after buying an extra 390 shares through the interval. 80.95% of the inventory is owned by institutional traders.

About Marvell Know-how

(Get Ranking)

Marvell Know-how, Inc, along with its subsidiaries, designs, develops, and sells analog, mixed-signal, digital sign processing, and embedded and standalone built-in circuits. It provides a portfolio of Ethernet options, together with controllers, community adapters, bodily transceivers, and switches; single or a number of core processors; ASIC; and printer System-on-a-Chip merchandise and software processors.

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Analyst Recommendations for Marvell Technology (NASDAQ:MRVL)

This prompt information alert was generated by narrative science know-how and monetary information from MarketBeat with a purpose to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial workforce previous to publication. Please ship any questions or feedback about this story to contact@marketbeat.com.

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