Marvell (NASDAQ:MRVL) price target upped to $12.00, released a report earlier today by UBS
- Updated: December 1, 2016
Displaying a price of $14.34, Marvell (NASDAQ:MRVL) traded 0.28% higher on the day. With the last stock price close up 22.51% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same time. The company has recorded a 50-day moving average of $13.28 and a 200-day moving average of $11.74. 134,720 shares of the stock were exchanged, down from an average trading volume of 5,396,410
Reporting a potential downside of -0.16%, UBS upped the price target of Marvell (NASDAQ:MRVL) to $12.00
On 11/22/2016, Vetr Inc. released a statement on Marvell (NASDAQ:MRVL) upped the target price from $0.00 to $16.75 that suggested an upside of 0.13%.
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Marvell has a 52 week low of $7.40 and a 52 week high of $14.99 with a price-earnings ratio of 69.81 MRVL’s total market value is presently $0.
A total of 18 equity analysts have released a ratings update on MRVL. Two analysts rating the company a strong buy, three firms rating the stock a buy, 16 firms rating the stock a hold, 2 brokerages rating the stock a underperform, and finally 1 brokerage rating the stock a sell with a average stock price target of $10.86.
General Information About Marvell (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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