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NASDAQ:MRVLMarvell Technology Group Stock Price, Forecast & News

$32.62
+2.65 (+8.84 %)
(As of 05/29/2020 04:00 PM ET)
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Today's Range
$31.47
Now: $32.62
$32.96
50-Day Range
$24.28
MA: $26.78
$30.70
52-Week Range
$16.45
Now: $32.62
$32.96
Volume22.74 million shs
Average Volume9.15 million shs
Market Capitalization$21.88 billion
P/E Ratio14.56
Dividend Yield0.74%
Beta1.02
Marvell Technology Group Ltd. designs, develops, and markets analog, mixed-signal, digital signal processing, and embedded and standalone integrated circuits. It offers a range of storage products, including hard disk drive (HDD) and solid-state drive controllers, as well as preamplifiers; supports a variety of host system interfaces consisting of serial attached SCSI (SAS), serial advanced technology attachment (SATA), peripheral component interconnect express, and non-volatile memory express; and develops software-enabled silicon solutions comprising SATA port multipliers, bridges, SATA, SAS, and non-volatile memory express redundant array of independent disks controllers and converged storage processors for enterprises, data centers, and cloud computing businesses. The company also provides networking products, which comprise Ethernet solutions consisting of Ethernet switches, Ethernet physical-layer transceivers, embedded communication processors, and Ethernet adapters and controllers. In addition, it offers a portfolio of connectivity solutions, including Wi-Fi and Wi-Fi/Bluetooth integrated system-on-a-chip (SoC) products, which are integrated into various end devices, such as enterprise access points, home gateways and voice assistants, multimedia devices, gaming products, printers, automotive infotainment and telematics units, and smart industrial devices. Further, the company provides printer SoC products and application processors. It has operations in the United States, China, Malaysia, the Philippines, Thailand, Singapore, India, Israel, Japan, South Korea, Taiwan, and Vietnam. Marvell Technology Group Ltd. was founded in 1995 and is headquartered in Hamilton, Bermuda.
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Beat the Market (BTM) Rank

Analyst Opinion: 2.4Community Rank: 2.6Dividend Strength: 3.3Insider Behavior: 1.0Valuation: 3.1 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.49 out of 5 stars


Industry, Sector and Symbol

Industry Semiconductors & related devices
Sub-IndustrySemiconductors
Current SymbolNASDAQ:MRVL
CUSIPG5876H10
Phone441-296-6395

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.70 billion
Cash Flow$1.19 per share
Book Value$12.94 per share

Profitability

Net Income$1.58 billion

Miscellaneous

Employees5,633
Market Cap$21.88 billion
Next Earnings Date9/3/2020 (Estimated)
OptionableOptionable

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Marvell Technology Group (NASDAQ:MRVL) Frequently Asked Questions

How has Marvell Technology Group's stock been impacted by COVID-19 (Coronavirus)?

Marvell Technology Group's stock was trading at $22.01 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, MRVL stock has increased by 48.2% and is now trading at $32.62. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Marvell Technology Group?

26 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Marvell Technology Group in the last year. There are currently 1 sell rating, 4 hold ratings and 21 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Marvell Technology Group.

When is Marvell Technology Group's next earnings date?

Marvell Technology Group is scheduled to release its next quarterly earnings announcement on Thursday, September 3rd 2020. View our earnings forecast for Marvell Technology Group.

How were Marvell Technology Group's earnings last quarter?

Marvell Technology Group Ltd. (NASDAQ:MRVL) posted its quarterly earnings data on Thursday, May, 28th. The semiconductor company reported $0.18 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.14 by $0.04. The semiconductor company earned $694 million during the quarter, compared to the consensus estimate of $680.19 million. Marvell Technology Group had a return on equity of 2.90% and a net margin of 55.66%. The company's revenue was up 4.8% on a year-over-year basis. During the same quarter last year, the company posted $0.16 EPS. View Marvell Technology Group's earnings history.

How often does Marvell Technology Group pay dividends? What is the dividend yield for Marvell Technology Group?

Marvell Technology Group announced a quarterly dividend on Thursday, March 12th. Investors of record on Friday, April 3rd will be given a dividend of $0.06 per share on Wednesday, April 22nd. This represents a $0.24 annualized dividend and a dividend yield of 0.74%. The ex-dividend date is Thursday, April 2nd. View Marvell Technology Group's dividend history.

How will Marvell Technology Group's stock buyback program work?

Marvell Technology Group announced that its board has approved a stock repurchase program on Tuesday, October 16th 2018, which allows the company to buyback $1,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to buy up to 7.9% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's leadership believes its shares are undervalued.

What guidance has Marvell Technology Group issued on next quarter's earnings?

Marvell Technology Group updated its second quarter earnings guidance on Thursday, May, 28th. The company provided EPS guidance of $0.17-$0.23 for the period, compared to the Thomson Reuters consensus estimate of $0.17. The company issued revenue guidance of $684-$756 million, compared to the consensus revenue estimate of $687.06 million.

What price target have analysts set for MRVL?

26 analysts have issued 12 month price objectives for Marvell Technology Group's stock. Their forecasts range from $18.00 to $42.00. On average, they anticipate Marvell Technology Group's stock price to reach $31.26 in the next year. This suggests that the stock has a possible downside of 4.2%. View analysts' price targets for Marvell Technology Group.

Has Marvell Technology Group been receiving favorable news coverage?

Headlines about MRVL stock have been trending somewhat negative on Sunday, according to InfoTrie. InfoTrie identifies negative and positive news coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Marvell Technology Group earned a news impact score of -1.0 on InfoTrie's scale. They also assigned media coverage about the semiconductor company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the stock's share price in the near term. View the latest news aboutMarvell Technology Group.

Who are some of Marvell Technology Group's key competitors?

What other stocks do shareholders of Marvell Technology Group own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Marvell Technology Group investors own include NVIDIA (NVDA), Micron Technology (MU), Advanced Micro Devices (AMD), Alibaba Group (BABA), Walt Disney (DIS), QUALCOMM (QCOM), Cisco Systems (CSCO), Intel (INTC), AbbVie (ABBV) and salesforce.com (CRM).

Who are Marvell Technology Group's key executives?

Marvell Technology Group's management team includes the following people:
  • Mr. Matthew J. Murphy, Pres, CEO & Director (Age 46)
  • Ms. Jean Hu, Chief Financial Officer (Age 56)
  • Mr. Neil Y. Kim, Exec. VP & CTO (Age 60)
  • Mr. Mitchell Lee Gaynor, Exec. VP, Chief Admin. & Legal Officer and Sec. (Age 59)
  • Mr. Thomas F. Lagatta, Exec. VP of Worldwide Sales & Marketing (Age 61)

What is Marvell Technology Group's stock symbol?

Marvell Technology Group trades on the NASDAQ under the ticker symbol "MRVL."

Who are Marvell Technology Group's major shareholders?

Marvell Technology Group's stock is owned by a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (6.62%), Wellington Management Group LLP (5.49%), State Street Corp (2.17%), Nuveen Asset Management LLC (1.35%), Janus Henderson Group PLC (1.15%) and Geode Capital Management LLC (1.12%). Company insiders that own Marvell Technology Group stock include Andrew Micallef, Dan Christman, Dean E Jr Jarnac, Jean X Hu, Marvell Semiconductor, Inc Ca, Matthew J Murphy, Michael G Strachan, Mitchell Gaynor, Oleg Khaykin, Syed Ali and Willem A Meintjes. View institutional ownership trends for Marvell Technology Group.

Which major investors are selling Marvell Technology Group stock?

MRVL stock was sold by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Bank of New York Mellon Corp, Victory Capital Management Inc., Victory Capital Management Inc., Invesco Ltd., Wellington Management Group LLP, Jennison Associates LLC, and Strs Ohio. Company insiders that have sold Marvell Technology Group company stock in the last year include Andrew Micallef, Dan Christman, Dean E Jr Jarnac, Jean X Hu, Matthew J Murphy, Michael G Strachan, Mitchell Gaynor, Oleg Khaykin, and Willem A Meintjes. View insider buying and selling activity for Marvell Technology Group.

Which major investors are buying Marvell Technology Group stock?

MRVL stock was acquired by a variety of institutional investors in the last quarter, including Menora Mivtachim Holdings LTD., Nuveen Asset Management LLC, BlackRock Inc., Deutsche Bank AG, 1832 Asset Management L.P., Public Employees Retirement Association of Colorado, Van ECK Associates Corp, and Swiss National Bank. Company insiders that have bought Marvell Technology Group stock in the last two years include Jean X Hu, and Michael G Strachan. View insider buying and selling activity for Marvell Technology Group.

How do I buy shares of Marvell Technology Group?

Shares of MRVL can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Marvell Technology Group's stock price today?

One share of MRVL stock can currently be purchased for approximately $32.62.

How big of a company is Marvell Technology Group?

Marvell Technology Group has a market capitalization of $21.88 billion and generates $2.70 billion in revenue each year. The semiconductor company earns $1.58 billion in net income (profit) each year or $0.32 on an earnings per share basis. Marvell Technology Group employs 5,633 workers across the globe.

What is Marvell Technology Group's official website?

The official website for Marvell Technology Group is www.marvell.com.

How can I contact Marvell Technology Group?

Marvell Technology Group's mailing address is 22 VICTORIA STREET, HAMILTON D0, HM 12. The semiconductor company can be reached via phone at 441-296-6395 or via email at [email protected]

This page was last updated on 5/31/2020 by MarketBeat.com Staff

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