Analyst Rating Update on Marvell Technology Group Ltd. (MRVL)

Marvell Technology Group Ltd. (MRVL) has an average broker rating of 2.53, which is interpreted as a Hold, as rated by 19 equity analysts. Nonetheless, 6 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 11 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company. 1 considers that the stock is a Sell.

Marvell Technology Group Ltd. (MRVL) : Currently there are 16 street experts covering Marvell Technology Group Ltd. (MRVL) stock. The most bullish and bearish price target for the stock is $18 and $9 respectively for the short term. The average price target of all the analysts comes to $12.63. The estimated standard deviation from the target is $2.64.

Company shares have received an average consensus rating of Hold for the current week Also, In a research note released to the investors, MKM Partners maintains its rating on Marvell Technology Group Ltd. (NASDAQ:MRVL).The analysts at the brokerage house have a current rating of Neutral on the shares. In a recent information released to the investors, MKM Partners raises the new price target from $10 per share to $14 per share. The rating by the firm was issued on July 28, 2016.


Marvell Technology Group Ltd. (NASDAQ:MRVL): The stock opened at $11.31 on Wednesday but the bulls could not build on the opening and the stock topped out at $11.41 for the day. The stock traded down to $11.27 during the day, due to lack of any buying support eventually closed down at $11.30 with a loss of -0.53% for the day. The stock had closed at $11.36 on the previous day. The total traded volume was 5,348,587 shares.

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 Companys offers its products to three markets: mobile and wireless, storage, and networking.

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