Marvell Technology Group Ltd. (NASDAQ:MRVL) most recently reported quarterly actual earnings per share of $0.11 for the period ending on 2016-07-31. Prior to the company reporting, consensus estimates based on data from Zacks Research projected the company to report EPS of $0.06. The difference between the estimate and the actual EPS was $0.05 creating a surprise factor of 83.33%. Currently, the company has an impact score of 28. The likelihood that the stock will move on news is greater with a higher impact score. According to Beta Research, the stock has a sentiment score of 0.519. On a scale between 1 and -1, a positive score tends to portray a favorable view of company results by news outlets. The opposite is true for a negative sentiment score.

In taking a look at where the stock might be headed, analysts have a consensus price target of $13.625 on the shares. The most bullish brokerage firm has a $17.5 target, while the most bearish sees the stock headed towards $9. This is according to the 12 estimates taken into consideration by Zacks Research.

In terms of Buy/Sell recommendations, analysts have a consensus rating of 2.4. This is according to a simplified scale where 1 represents a Strong Buy and 5 a Strong Sell recommendation. There were 12 recommendations taking into account in order to arrive at this number. Of the 12, 6 have a Strong Buy rating and 0 are rating it a Buy.

Marvell Technology Group Ltd. (Marvell) is a fabless semiconductor provider of application-specific standard products.The Company develops complex System-on-a-Chip (SoC) devices. Its product portfolio includes devices for data storage, enterprise-class Ethernet data switching, Ethernet physical-layer transceivers (PHY), mobile handsets and other consumer electronics, wireless networking, personal area networking, Ethernet-based personal computer (PC) connectivity, control plane communications controllers, video-image processing and power management solutions. Its products serve diverse applications used in carrier, metropolitan, enterprise and PC-client data communications and storage systems. In December 2011, the Company acquired Xelerated AB (Xelerated). In April 2011, the Company acquired the PHY business of a company, which specializes in the design of networking devices.

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