Marvell (MRVL) Receives a Hold from Morgan Stanley

In a report released today, Joseph Moore from Morgan Stanley maintained a Hold rating on Marvell (MRVL), with a price target of $25.00. The company’s shares closed last Monday at $22.59.

According to, Moore is a 4-star analyst with an average return of 7.8% and a 52.2% success rate. Moore covers the Consumer Goods sector, focusing on stocks such as Applied Materials, Texas Instruments, and Western Digital.

Currently, the analyst consensus on Marvell is a Moderate Buy with an average price target of $29.15, which is a 33.8% upside from current levels. In a report issued on March 2, BMO Capital also maintained a Hold rating on the stock with a $25.00 price target.

See today’s analyst top recommended stocks >>

Based on Marvell’s latest earnings release for the quarter ending January 31, the company reported a quarterly net profit of $1.77 billion. In comparison, last year the company had a GAAP net loss of $261 million.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Marvell Technology Group Ltd. engages in the design, development, and sale of integrated circuits. The company offers System-on-a-Chip devices, which leverages technology portfolio of intellectual property in the areas of analog, mixed-signal, digital signal processing, and embedded and standalone integrated circuits.

Read More on MRVL:

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts