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Marvell Technology Group Ltd. – Consenus Indicates Potential 39.3% Upside

Marvell Technology Group Ltd. found using ticker (MRVL) have now 24 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The range between the high target price and low target price is between 30 and 18 and has a mean target at 23.83. Now with the previous closing price of 17.11 this is indicating there is a potential upside of 39.3%. The 50 day moving average now sits at 15.85 and the 200 day moving average is 18.48. The market cap for the company is $11,393m. You can visit the company’s website by visiting: http://www.marvell.com

Marvell Technology Group Ltd. designs, develops, and markets analog, mixed-signal, digital signal processing, and embedded and standalone integrated circuits. It offers a range of storage products, including hard disk drive (HDD) and solid-state drive controllers, as well as HDD components, such as HDD preamps components; and develops software-enabled silicon solutions comprising serial advanced technology attachment port multipliers, bridges, serial attached SCSI, and non-volatile memory express redundant array of independent disks controllers and converged storage processors for enterprises, data centers, and cloud computing businesses. The company also provides networking products, which includes Ethernet solutions consisting of Ethernet switches, Ethernet physical-layer transceivers, and single-chip network interface devices; and embedded communication processors. In addition, it offers a portfolio of connectivity solutions, including Wi-Fi and Wi-Fi/Bluetooth integrated system-on-a-chip products, which are integrated into various end devices, including enterprise access points, home gateways, multimedia devices, gaming products, printers, automotive infotainment and telematics units, and smart industrial devices. Further, the company provides printer-specific standard products, as well as full-custom and application-specific integrated circuits; and application processors. It has operations in the United States, China, Malaysia, the Philippines, Thailand, Singapore, India, Israel, Japan, South Korea, Taiwan, and Vietnam. Marvell Technology Group Ltd. was founded in 1995 and is headquartered in Hamilton, Bermuda.