Vetr Inc. announced Marvell Technology Group Ltd. (NASDAQ:MRVL), boosting its stock price target to $13.96 today
- Updated: October 12, 2016
In a report released on 10/12/2016 Vetr Inc. increased the stock price target of Marvell Technology Group Ltd. (NASDAQ:MRVL) to $13.96 reporting a possible upside of 0.09%.
Previously on 10/12/2016, Credit Suisse released a statement about Marvell Technology Group Ltd. (NASDAQ:MRVL) increased the target price from $13.50 to $17.50. At the time, this indicated a possible upside of 0.36%.
Just yesterday Marvell Technology Group Ltd. (NASDAQ:MRVL) traded 0.31% higher at $12.83. Marvell Technology Group Ltd.’s 50-day moving average is $12.75 and its 200-day moving average is $10.97. The last stock price is up 17.36% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 1,386,686 shares of MRVL traded hands, down from an average trading volume of 6,176,940
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 Vetr Inc. reporting its stock price target, a total of 18 brokerages have issued a ratings update on the company. The average stock price target is $10.86 with 2 brokerages rating the stock a strong buy, 3 brokerages rating the stock a buy, 16 brokerages rating the stock a hold, 2 brokerages rating the stock a underperform, and finally 1 brokerage 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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