Discussion stirs around Marvell Technology Group Ltd. (NASDAQ:MRVL) this week; here is what analysts are saying.

Marvell Technology Group Ltd. (NASDAQ:MRVL) Logo
Investors sentiment decreased to 0.89 in Q2 2019. Its down 0.32, from 1.21 in 2019Q1. It dropped, as 39 investors sold Marvell Technology Group Ltd. shares while 127 reduced holdings. 66 funds opened positions while 82 raised stakes. 656.67 million shares or 1.35% more from 647.93 million shares in 2019Q1 were reported.
Channing Capital Mgmt invested in 0.39% or 356,113 shares. 273,226 are held by Perella Weinberg Cap Mgmt Lp. C M Bidwell Associate, a Hawaii-based fund reported 89 shares. Moreover, Invesco Limited has 0.01% invested in Marvell Technology Group Ltd. (NASDAQ:MRVL) for 2.15M shares. The United Kingdom-based Hsbc Hldgs Plc has invested 0.01% in Marvell Technology Group Ltd. (NASDAQ:MRVL). Amp Invsts Limited holds 164,867 shares or 0.02% of its portfolio. Hm Payson And Communication stated it has 0% of its portfolio in Marvell Technology Group Ltd. (NASDAQ:MRVL). Financial Bank Of America De stated it has 0.03% of its portfolio in Marvell Technology Group Ltd. (NASDAQ:MRVL). Senator Invest Group Ltd Partnership accumulated 5.00M shares. British Columbia Inv Mgmt accumulated 0.03% or 177,909 shares. Services Automobile Association accumulated 3.47M shares. Zweig stated it has 85,140 shares. Stone Ridge Asset Limited Liability Co has 0.04% invested in Marvell Technology Group Ltd. (NASDAQ:MRVL). Oppenheimer & accumulated 172,584 shares. Susquehanna Intll Grp Inc Ltd Liability Partnership holds 0% or 503,421 shares.

Marvell Technology Group Ltd. (NASDAQ:MRVL) Ratings Coverage

Among 11 analysts covering Marvell (NASDAQ:MRVL), 8 have Buy rating, 0 Sell and 3 Hold. Therefore 73% are positive. Marvell has $3000 highest and $2000 lowest target. $26.27’s average target is 1.59% above currents $25.86 stock price. Marvell had 18 analyst reports since March 18, 2019 according to SRatingsIntel. The rating was downgraded by Goldman Sachs on Monday, July 22 to “Neutral”. Citigroup maintained the shares of MRVL in report on Wednesday, April 17 with “Buy” rating. On Wednesday, April 17 the stock rating was maintained by Bank of America with “Buy”. The rating was maintained by UBS on Wednesday, April 24 with “Buy”. The stock of Marvell Technology Group Ltd. (NASDAQ:MRVL) earned “Buy” rating by Susquehanna on Monday, June 24. The stock of Marvell Technology Group Ltd. (NASDAQ:MRVL) has “Buy” rating given on Friday, May 31 by FBR Capital. Morgan Stanley maintained the shares of MRVL in report on Friday, May 31 with “Equal-Weight” rating. The stock of Marvell Technology Group Ltd. (NASDAQ:MRVL) has “Buy” rating given on Monday, March 18 by Cowen & Co. Citigroup maintained the shares of MRVL in report on Friday, May 31 with “Buy” rating. M Partners maintained it with “Buy” rating and $2800 target in Friday, May 31 report. Below is a list of Marvell Technology Group Ltd. (NASDAQ:MRVL) latest ratings and price target changes.

30/08/2019 Broker: Craig Hallum Old Rating: Hold New Rating: Buy Upgrade
21/08/2019 Broker: Benchmark Rating: Buy New Target: $30.0000 Reinitiate
22/07/2019 Broker: Goldman Sachs Old Rating: Buy New Rating: Neutral Old Target: $24.0000 New Target: $25.0000 Downgrade
15/07/2019 Broker: William Blair Rating: Outperform Initiates Coverage On
24/06/2019 Broker: Susquehanna Rating: Buy New Target: $28 Maintain
19/06/2019 Broker: Raymond James Rating: Market Perform Initiates Coverage On
31/05/2019 Broker: FBR Capital Rating: Buy Old Target: $30.0000 New Target: $28.0000 Maintain
31/05/2019 Broker: Morgan Stanley Rating: Equal-Weight Old Target: $19.0000 New Target: $20.0000 Maintain
31/05/2019 Broker: Citigroup Rating: Buy Old Target: $28.0000 New Target: $27.0000 Maintain
31/05/2019 Broker: M Partners Rating: Buy Old Target: $25.0000 New Target: $28.0000 Maintain

The stock decreased 0.42% or $0.11 during the last trading session, reaching $25.86. About 4.30M shares traded. Marvell Technology Group Ltd. (NASDAQ:MRVL) has risen 23.63% since September 13, 2018 and is uptrending. It has outperformed by 23.63% the S&P500.

Marvell Technology Group Ltd. designs, develops, and markets analog, mixed-signal, digital signal processing, and embedded and standalone integrated circuits. The company has market cap of $17.25 billion. It offers a range of storage products, such as hard disk drive and solid-state drive controllers, as well as HDD components, such as HDD preamps components; and develops software enabled silicon solutions consisting of 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 enterprise, data centers, and cloud computing businesses. It currently has negative earnings. The firm also provides networking products comprising Ethernet solutions comprising Ethernet switches, Ethernet physical-layer transceivers, and single-chip network interface devices; and embedded communication processors.

More notable recent Marvell Technology Group Ltd. (NASDAQ:MRVL) news were published by: Streetinsider.com which released: “Marvell (MRVL) Beats As 5G Begins to Contribute – JPMorgan – StreetInsider.com” on August 30, 2019, also Seekingalpha.com with their article: “Marvell Technology: Uncertainty Is High, Investors May Want To Wait On The Sidelines – Seeking Alpha” published on September 04, 2019, Nasdaq.com published: “After Hours Most Active for Aug 21, 2019 : GE, KO, UGI, CC, QCOM, AABA, C, JWN, QQQ, CZR, MRVL, CMCSA – Nasdaq” on August 21, 2019. More interesting news about Marvell Technology Group Ltd. (NASDAQ:MRVL) were released by: Finance.Yahoo.com and their article: “Pre-Earnings Marvell Technology Pullback May Be a Buy Signal – Yahoo Finance” published on August 26, 2019 as well as Nasdaq.com‘s news article titled: “Noteworthy Monday Option Activity: PANW, MRVL, SAGE – Nasdaq” with publication date: July 15, 2019.

Marvell Technology Group Ltd. (NASDAQ:MRVL) Ratings Chart

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