Somewhat Positive News Coverage Somewhat Unlikely to Affect Marvell Technology Group (NASDAQ:MRVL) Share Price

Media coverage about Marvell Technology Group (NASDAQ:MRVL) has been trending somewhat positive this week, according to Accern Sentiment. The research firm identifies negative and positive media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Marvell Technology Group earned a news sentiment score of 0.20 on Accern’s scale. Accern also assigned headlines about the semiconductor company an impact score of 45.8163562115274 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

Here are some of the news headlines that may have impacted Accern’s rankings:

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Shares of NASDAQ:MRVL opened at $21.00 on Friday. Marvell Technology Group has a one year low of $14.58 and a one year high of $25.18. The stock has a market capitalization of $10,176.07, a price-to-earnings ratio of 19.92, a PEG ratio of 1.58 and a beta of 0.91.

Marvell Technology Group (NASDAQ:MRVL) last announced its earnings results on Thursday, March 8th. The semiconductor company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.31 by $0.01. Marvell Technology Group had a net margin of 21.56% and a return on equity of 13.25%. The company had revenue of $615.40 million during the quarter, compared to analysts’ expectations of $610.99 million. During the same period last year, the company posted $0.22 earnings per share. The business’s revenue for the quarter was up 8.7% on a year-over-year basis. sell-side analysts predict that Marvell Technology Group will post 1.16 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 18th. Shareholders of record on Thursday, March 29th will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 1.14%. The ex-dividend date is Wednesday, March 28th. Marvell Technology Group’s payout ratio is 23.30%.

Several research firms have commented on MRVL. BidaskClub cut shares of Marvell Technology Group from a “buy” rating to a “hold” rating in a research note on Tuesday. Zacks Investment Research raised shares of Marvell Technology Group from a “sell” rating to a “hold” rating in a research note on Tuesday, March 20th. Morgan Stanley reissued an “equal weight” rating and set a $23.00 target price (up previously from $22.00) on shares of Marvell Technology Group in a research note on Friday, March 9th. TheStreet cut shares of Marvell Technology Group from a “b” rating to a “c+” rating in a research note on Thursday, March 8th. Finally, Argus began coverage on shares of Marvell Technology Group in a research note on Wednesday, March 7th. They set a “buy” rating and a $28.00 target price on the stock. Eight equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $25.02.

In related news, Director Michael G. Strachan sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $23.65, for a total transaction of $473,000.00. Following the completion of the sale, the director now directly owns 19,702 shares in the company, valued at $465,952.30. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Marvell Semiconductor, Inc. Ca sold 1,512 shares of the firm’s stock in a transaction that occurred on Thursday, January 18th. The stock was sold at an average price of $23.86, for a total transaction of $36,076.32. The disclosure for this sale can be found here. Over the last quarter, insiders sold 51,512 shares of company stock valued at $1,236,276. Corporate insiders own 6.80% of the company’s stock.

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About Marvell Technology Group

Marvell Technology Group Ltd. is a 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) devices. It also develops integrated hardware platforms along with software that incorporates digital computing technologies designed and configured to provide an optimized computing solution.

Insider Buying and Selling by Quarter for Marvell Technology Group (NASDAQ:MRVL)

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