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.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.

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