Published On: Wed, Oct 19th, 2016

New Analyst Ratings On Marvell Technology Group Ltd. (NASDAQ:MRVL)


Recently stock market analysts have updated their consensus ratings on shares of Marvell Technology Group Ltd. (NASDAQ:MRVL).

Most recent broker ratings

10/12/2016 – Marvell Technology Group Ltd. was upgraded to “outperform” by analysts at Credit Suisse. They now have a USD 17.5 price target on the stock.

09/20/2016 – Susquehanna began new coverage on Marvell Technology Group Ltd. giving the company a “neutral” rating. They now have a USD 13 price target on the stock.

09/07/2016 – Marvell Technology Group Ltd. had its “equal weight” rating reiterated by analysts at Morgan Stanley. They now have a USD 14 price target on the stock.

09/07/2016 – Marvell Technology Group Ltd. had its “hold” rating reiterated by analysts at Jefferies. They now have a USD 13 price target on the stock.

09/07/2016 – Marvell Technology Group Ltd. had its “neutral” rating reiterated by analysts at Goldman Sachs. They now have a USD 12 price target on the stock.

09/06/2016 – Marvell Technology Group Ltd. had its “perform” rating reiterated by analysts at Oppenheimer.

09/06/2016 – Marvell Technology Group Ltd. had its “neutral” rating reiterated by analysts at MKM Partners.

09/06/2016 – Marvell Technology Group Ltd. had its “outperform” rating reiterated by analysts at Cowen. They now have a USD 16 price target on the stock.

09/06/2016 – Marvell Technology Group Ltd. had its “hold” rating reiterated by analysts at Benchmark.

09/02/2016 – Marvell Technology Group Ltd. had its “sell” rating reiterated by analysts at Citigroup. They now have a USD 12 price target on the stock.

08/31/2016 – Stephens began new coverage on Marvell Technology Group Ltd. giving the company a “overweight” rating. They now have a USD 17 price target on the stock.

07/28/2016 – Marvell Technology Group Ltd. had its “equal weight” rating reiterated by analysts at Barclays. They now have a USD 12 price target on the stock.

07/28/2016 – Marvell Technology Group Ltd. had its “buy” rating reiterated by analysts at Brean Capital. They now have a USD 15 price target on the stock.

07/28/2016 – Marvell Technology Group Ltd. was upgraded to “outperform” by analysts at Northland Securities. They now have a USD 16 price target on the stock.

07/20/2016 – Marvell Technology Group Ltd. had its “hold” rating reiterated by analysts at Needham & Company.

Marvell Technology Group Ltd. has a 50 day moving average of 12.86 and a 200 day moving average of 11.06. The stock’s market capitalization is 6.66B, it has a 52-week low of 7.40 and a 52-week high of 13.56.

The share price of the company (NASDAQ:MRVL) was up +1.09% during the last trading session, with a high of 13.04 and the volume of Marvell Technology Group Ltd. shares traded was 2187708.

Marvell Technology Group Ltd. is a fabless semiconductor provider of application-specific standard products. The Company is engaged in the design, development and sale of integrated circuits. The Company develops System-on-a-Chip (SoC) and System-in-a-Package (SiP) devices. Its product portfolio includes devices for data storage, enterprise-class Ethernet data switching, Ethernet physical-layer transceivers (PHY), wireless connectivity, Internet-of-Things (IoT) devices and multimedia solutions. Its products serve various applications used in carrier, metropolitan, enterprise and personal computer (PC)-client data communications, and storage systems. In addition, the Company serves the consumer electronics market for the convergence of voice, video and data applications. The Company relies on independent, third-party contractors to perform manufacturing, assembly and test functions. The Company offers its products to sectors, including storage, networking, and mobile and wireless.