Credit Suisse Group AG upgraded Marvell Technology Group Ltd. (NASDAQ:MRVL) to Outperform in a report released today.
- Updated: October 15, 2016
Credit Suisse Group AG has upgraded Marvell Technology Group Ltd. (NASDAQ:MRVL) to Outperform in a report released on Wednesday October 12, 2016.
Previously on 10/6/2016, Vetr Inc. reported on Marvell Technology Group Ltd. (NASDAQ:MRVL) increased the target price from $0.00 to $12.78. At the time, this indicated a possible downside of -0.03%.
Just yesterday Marvell Technology Group Ltd. (NASDAQ:MRVL) traded 0.00% even at $12.83. Marvell Technology Group Ltd.’s 50-day moving average is $12.82 and its 200-day moving average is $11.01. The last closing price is up 18.03% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 3,459,053 shares of MRVL traded hands, down from an average trading volume of 6,223,520
Recent Performance Chart
Marvell Technology Group Ltd. has 52 week low of $7.40 and a 52 week high of $13.56 and has a market capitalization of $0.
In addition to Credit Suisse Group AG reporting its stock price target, a total of 18 brokers have issued a research note on the company. The average stock price target is $10.86 with 2 brokers rating the stock a strong buy, 3 brokers rating the stock a buy, 16 brokers rating the stock a hold, 2 brokers rating the stock a underperform, and finally 1 broker rating the stock a sell.
Brief Synopsis On Marvell Technology Group Ltd. (NASDAQ:MRVL)
Marvell Technology Group Ltd. is a fabless 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) and System-in-a-Package (SiP) devices. Its product portfolio includes devices for data storage, enterprise-class Ethernet data switching, Ethernet physical-layer transceivers (PHY), wireless connectivity, Internet-of-Things (IoT) devices and multimedia solutions. Its products serve various applications used in carrier, metropolitan, enterprise and personal computer (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. The Company relies on independent, third-party contractors to perform manufacturing, assembly and test functions. The Company offers its products to sectors, including storage, networking, and mobile and wireless.
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