Marvell Technology Group LTD. (MRVL:NSD) Analyst Bullish with Strong Buy, $81 target

STA Research
by: STA Research
MRVL stock forecast

MRVL stock forecast Analysis:

Based on the Marvell Technology Group Ltd stock forecasts from 20 analysts, the average analyst target price for Marvell Technology Group Ltd is USD 81.29 over the next 12 months. Marvell Technology Group Ltd’s average analyst rating is Strong Buy. Stock Target Advisor’s own stock analysis of Marvell Technology Group Ltd is Neutral, which is based on 5 positive signals and 6 negative signals. At the last closing, Marvell Technology Group Ltd’s stock price was USD 52.24Marvell Technology Group Ltd’s stock price has changed by -0.78% over the past week, +0.42% over the past month and -16.48% over the last year.

About Marvell Technology Group Ltd (MRVL:NSD)

Marvell Technology, Inc., together with its subsidiaries, designs, develops, and sells analog, mixed-signal, digital signal processing, and embedded and standalone integrated circuits. It offers a portfolio of Ethernet solutions, including controllers, network adapters, physical transceivers, and switches; single or multiple core processors; ASIC; and printer System-on-a-Chip products and application processors. The company also provides a range of storage products comprising storage controllers for hard disk drives (HDD) and solid-state drives that support various host system interfaces consisting of serial attached SCSI (SAS), serial advanced technology attachment (SATA), peripheral component interconnect express, non-volatile memory express (NVMe), and NVMe over fabrics; and fiber channel products, including host bus adapters, and controllers for server and storage system connectivity. It has operations in the United States, China, Malaysia, the Philippines, Thailand, Singapore, India, Israel, Japan, South Korea, Taiwan, and Vietnam. Marvell Technology, Inc. was incorporated in 1995 and is headquartered in Wilmington, Delaware.

Marvell Technology Group Ltd  has stock forecasts from 13 Crowd Ratings, the average Crowd target price for Marvell Technology Group Ltd is USD 63.15 over the next 12 months. Marvell Technology Group Ltd’s average analyst rating is a Buy.

Most Recent Analyst Ratings for Marvel Technology:

MRVL Stock Forecast News:

The company just reported it’s quarterly earnings reporting:

  • Second Quarter Net Revenue was at $1.517 billion,  41% increase
  • Second Quarter Non-GAAP Income was $486 million, $.57 cents per share (GAAP-$.01 per share)

 

Third Quarter Projections

  • Net revenue forecasted at $1.560 Billion, with a 3 percent variance 
  • GAAP diluted income per share is forecasted at $.09 per share with a 4.4 percent variance.

 

What we like:

High market capitalization

MRVL stock forecast: This is one of the largest entities in its sector and is among the top quartile. Such companies tend to be more stable.

Superior risk adjusted returns

This stock has performed well, on a risk adjusted basis, compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile.

High dividend returns

The stock has outperformed its sector peers on average annual dividend returns basis in the past 5 years (for a hold period of at least 12 months) and is in the top quartile. This can be a good buy, especially if it is outperforming on total return basis , for investors seeking high income yields.

Positive cash flow

MRVL stock forecast: The company had positive total cash flow in the most recent four quarters.

Positive free cash flow

The company had positive total free cash flow in the most recent four quarters.

What we don’t like:

Below median total returns

MRVL stock forecast: The company has under performed its peers on annual average total returns in the past 5 years.

Overpriced on cashflow basis

The stock is trading high compared to its peers on a price to cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.

Poor return on assets

MRVL stock forecast: The company management has delivered below median return on assets in the most recent 4 quarters compared to its peers.

Overpriced on free cash flow basis

The stock is trading high compared to its peers on a price to free cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.

Low Earnings Growth

This stock has shown below median earnings growth in the previous 5 years compared to its sector

Low Dividend Growth

This stock has shown below median dividend growth in the previous 5 years compared to its sector.

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