A number of other analysts have also recently weighed in on MRVL. Analysts at Citigroup (NYSE: C) cut their price target on shares of Marvell Technology Group to $18.00 in a research note to investors on Friday, May 18th. Separately, analysts at Canaccord Genuity reiterated a “buy” rating on shares of Marvell Technology Group in a research note to investors on Friday, May 18th. Finally, analysts at Nomura (NYSE: NMR) reiterated a “reduce” rating on shares of Marvell Technology Group in a research note to investors on Friday, May 18th.
Shares of Marvell Technology Group opened at 13.05 on Tuesday. Marvell Technology Group has a one year low of $11.23 and a one year high of $16.86. The company has a market cap of $7.569 billion and a P/E ratio of 13.97.
Marvell Technology Group last issued its quarterly earnings data on Thursday, May 17th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.03. The company’s revenue for the quarter was down .7% on a year-over-year basis. On average, analysts predict that Marvell Technology Group will post $0.35 earnings per share next quarter.
Marvell Technology Group Ltd. (Marvell) is a fabless semiconductor provider of application-specific standard products.