Marvell Technology (MRVL) Gets Nod From Barrons

Today Barrons is reporting: "These Four Chip Stocks Are 'Best Ideas'" For full coverage click here. Shares of the large-cap Technology company have not moved much on the news as of the morning trading session, and are currently trading at $36.74.

Marvell Technology, Inc., together with its subsidiaries, designs, develops, and sells analog, mixed-signal, digital signal processing, and embedded and standalone integrated circuits. The company belongs to the Technology sector, which has an average price to earnings (P/E) ratio of 26.5 and an average price to book (P/B) ratio of 5.57. In contrast, Marvell Technology has a trailing 12 month P/E ratio of -61.1 and a P/B ratio of 2.0.

Marvell Technology has moved -58.1% over the last year compared to -19.9% for the S&P 500 -- a difference of -38.2%. Marvell Technology has a 52 week high of $91.78 and a 52 week low of $35.09. At today's price of $36.74 per share, Marvell Technology is -41.37% away from its target price of $62.66, and on average, analysts give the stock a rating of buy. 2.3% of the company's shares are linked to short positions, and 87.8% of the shares are owned by institutional investors.

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