Brean Capital Upgrades Marvell Technology Group Ltd. to Buy

Brokerage firm Brean Capital Upgrades its rating on Marvell Technology Group Ltd.(NASDAQ:MRVL). The shares have been rated Buy. Previously, the analysts had a Hold rating on the shares. The rating by Brean Capital was issued on Apr 14, 2016.

In a different note, On Feb 18, 2016, Standpoint Research said it Upgrades its rating on Marvell Technology Group Ltd.. The shares have been rated ‘Buy’ by the firm. On Feb 8, 2016, B. Riley said it Upgrades its rating on Marvell Technology Group Ltd.. The shares have been rated ‘Buy’ by the firm.

Marvell Technology Group Ltd. (MRVL) shares turned negative on Mondays trading session with the shares closing down -0.28 points or -2.75% at a volume of 1,11,58,742. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $10.13. The peak price level was also seen at $10.13 while the days lowest was $9.88. Finally the shares closed at $9.9. The 52-week high of the shares is $15.16 while the 52-week low is $7.4. According to the latest information available, the market cap of the company is $5,124 M.

Marvell Technology Group Ltd.(MRVL) last announced its earnings results on Dec 7, 2015 for Fiscal Year 2016 and Q3.Earnings per share were $0.05.

Several Insider Transactions has been reported to the SEC. On Jun 25, 2015, Zining Wu (Chief Technology Officer) sold 51,312 shares at $14.51 per share price.

Marvell Technology Group Ltd. (Marvell) is a fabless semiconductor provider of application-specific standard products. The Company develops System-on-a-Chip (SoC) devices. Its product portfolio includes devices for data storage enterprise-class Ethernet data switching Ethernet physical-layer transceivers (PHY) mobile handsets connectivity Internet-of-Things (IoT) devices and other consumer electronics. Its products serve diverse applications used in carrier metropolitan enterprise and 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. As a fabless integrated circuit company the Company relies on independent third-party contractors to perform manufacturing assembly and test functions. The Company’s offers its products to three markets: mobile and wireless storage and networking.

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