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Stocks under Analysts Radar: Marvell Technology Group Ltd. (MRVL), EQT Corporation (EQT)

Finally, Barclays raised shares of Marvell Technology Group from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $20.00 to $30.00 in a research report on Tuesday, November 21st. Marvell Technology Group Ltd. (NASDAQ:MRVL) has a 20-Day average volume of 8.24 Million.

On average, analysts expect that Marvell Technology Group will report full year earnings of $1.19 per share for the current year, with EPS estimates ranging from $1.18 to $1.20. They expect $0.27 EPS, up 50.00% or $0.09 from last year's $0.18 per share. MRVL's SI was 32.11M shares in February as released by FINRA. Oppenheimer restated a "buy" rating and issued a $23.00 price objective on shares of Marvell Technology Group in a report on Monday, November 6th. The hedge fund run by Josh Resnick held 4.55 million shares of the semiconductors company at the end of 2017Q3, valued at $81.42 million, down from 6.15M at the end of the previous reported quarter. The high and low revenue estimates for the current quarter are $615 Million and $575 Million, respectively. Marvell Technology Group Ltd. now has $11.45 billion valuation. Marvell Technology Group's quarterly revenue was down 5.8% on a year-over-year basis. The Company's products consist of multi-core processors for embedded and data center applications, network connectivity for server and switches, storage connectivity, and security processors for offload and appliance, as well as a suite of embedded security protocols that enable unified threat management, secure connectivity, network perimeter protection, and deep packet inspection. Loop Capital reissued a "buy" rating and set a $26.00 price target on shares of Marvell Technology Group in a research report on Tuesday, November 21st. ValuEngine upgraded Marvell Technology Group from a "hold" rating to a "buy" rating in a report on Sunday, December 31st. Eidelman Virant Cap reported 3.53% in Marvell Technology Group Ltd. (NASDAQ:MRVL). The stock of Lam Research Corporation (NASDAQ:LRCX) has "Overweight" rating given on Wednesday, October 18 by Morgan Stanley.

FGEN's mean recommendation on Reuter's scale presents no change from 1.57 thirty days ago to 1.57 now, which indicates a buy consensus from the analyst community.

Basically, a price target is an individual analyst's projection on the future price of a stock. Also, Director Michael G. Strachan sold 20,000 shares of the firm's stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $23.65, for a total value of $473,000.00. JPMorgan Chase & Co. now owns 9,581,295 shares of the semiconductor company's stock worth $172,175,000 after purchasing an additional 830,797 shares in the last quarter. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

In related news, insider Marvell Semiconductor, Inc. (FGEN) price hitting a mean target of $69 a share, meaning the stock still has potential that could lift the price another 23.21% Also, the recent close suggests the stock is underpriced by 42.86% compared to the most bullish target. The disclosure for this sale can be found here. The volume of the company in the last trading session was 7.13 Million. The data from the past twelve months tells a similar story: insiders executed 36 sells, and ownership decreased by a net of 18.41 million shares. Pinebridge Investments L.P.'s holdings in Marvell Technology Group were worth $1,873,000 as of its most recent filing with the Securities and Exchange Commission (SEC). The total dollar value of all 492.50 million outstanding shares is 11.39 billion. Public Employees Retirement Association of Colorado increased its holdings in Marvell Technology Group by 3.0% in the fourth quarter. Tower Research Capital LLC TRC raised its holdings in Marvell Technology Group by 208.3% in the 4th quarter. US Bancorp DE now owns 436,306 shares of the semiconductor company's stock worth $9,368,000 after buying an additional 2,674 shares during the last quarter. LLC acquired a new stake in Marvell Technology Group in the third quarter worth about $124,000. Marvell Technology Group Ltd. (NASDAQ:MRVL) has risen 64.54% since February 23, 2017 and is uptrending. The firm has a market capitalization of $11,276.99, a PE ratio of 29.45, a price-to-earnings-growth ratio of 1.20 and a beta of 0.95. The stock of Marvell Technology Group Ltd. (NASDAQ:MRVL) earned "Equal-Weight" rating by Morgan Stanley on Monday, September 14.

COPYRIGHT VIOLATION WARNING: This story was first posted by Enterprise Leader and is the property of of Enterprise Leader. If you are viewing this piece of content on another site, it was illegally stolen and reposted in violation of U.S. & global trademark and copyright laws.

Marvell Technology is a leading designer, developer and supplier of mixed-signal and digital signal processing integrated circuit for high-speed, high-density, digital data storage and broadband digital data networking markets. Srs Invest Mgmt Limited Liability holds 0.11% of its portfolio in Marvell Technology Group Ltd. (NASDAQ:MRVL) for 303,792 shares.



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