Market Analysts see Marvell Technology Group Ltd. [MRVL] gaining to $50. Time to buy?

Marvell Technology Group Ltd. [NASDAQ: MRVL] price plunged by -1.74 percent to reach at -$0.81. The company report on April 21, 2021 that Inphi Corporation Announces Make-Whole Fundamental Change and Make-Whole Premium Convertibility Period Relating to its 0.75% Convertible Senior Notes due 2021 and 0.75% Convertible Senior Notes due 2025.

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On April 20, 2021, Marvell Technology Inc. (NASDAQ: MRVL) (“MTI”) announced the completion of the previously announced acquisition of Inphi Corporation (“Inphi”) by Marvell Technology Group Ltd. (“Marvell”) pursuant to the Agreement and Plan of Merger and Reorganization (the “Merger Agreement”), dated October 29, 2020, by and among Marvell, MTI, Maui Acquisition Company Ltd, a Bermuda exempted company and a wholly owned subsidiary of MTI (“Bermuda Merger Sub”), Indigo Acquisition Corp., a Delaware corporation and a wholly owned subsidiary of MTI (“Delaware Merger Sub”), and Inphi. Effective as of 4:01 p.m. Eastern Time on the April 20, 2021 (such date, the “Merger Effective Date” and such time, the “Bermuda Merger Effective Time”), Bermuda Merger Sub merged with and into Marvell (the “Bermuda Merger”), with Marvell continuing as a wholly owned subsidiary of MTI. Effective as of 4:02 p.m. Eastern Time on the Merger Effective Date (the “Delaware Merger Effective Time”), Delaware Merger Sub merged with and into Inphi (the “Delaware Merger” and, together with the Bermuda Merger, the “Mergers”), with Inphi continuing as a wholly owned subsidiary of MTI. As a result of the Mergers, Marvell and Inphi became wholly owned subsidiaries of MTI. At the Delaware Merger Effective Time, each share of common stock, $0.001 par value per share, of Inphi (each, an “Inphi Share”) issued and outstanding immediately prior to the Delaware Merger Effective Time (other than (i) Inphi Shares held by Inphi, Marvell, MTI, Delaware Merger Sub or any other subsidiary of Marvell or Inphi and (ii) Inphi Shares with respect to which appraisal rights are properly exercised and not withdrawn under Delaware law) was converted into the right to receive 2.323 shares of common stock, $0.002 par value per share, of MTI (each, an “MTI Share”) and $66.00 in cash, without interest, plus cash in lieu of any fractional MTI Shares (the “Merger Consideration”).

Under the terms of (i) the indenture, dated as of September 12, 2016 (the “2021 Notes Indenture”), between Inphi and Wells Fargo Bank, National Association, as trustee, governing Inphi’s outstanding 0.75% Convertible Senior Notes due 2021 (the “2021 Notes”), and (ii) the indenture, dated as of April 24, 2020 (the “2025 Notes Indenture” and, together with the 2021 Notes Indenture, the “Indentures”), between Inphi and U.S. Bank National Association, as trustee, governing Inphi’s outstanding 0.75% Convertible Senior Notes due 2025 (the “2025 Notes” and, together with the 2021 Notes, the “Notes”), the Delaware Merger constitutes a Fundamental Change and a Make-Whole Fundamental Change (such term as defined in each of the Indentures).

A sum of 21582470 shares traded at recent session while its average daily volume was at 11.22M shares. Marvell Technology Group Ltd. shares reached a high of $47.13 and dropped to a low of $45.66 until finishing in the latest session at $45.84.

The one-year MRVL stock forecast points to a potential upside of 16.41. The average equity rating for MRVL stock is currently 2.00, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on Marvell Technology Group Ltd. [MRVL]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for MRVL shares is $54.84 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on MRVL stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

BMO Capital Markets have made an estimate for Marvell Technology Group Ltd. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on March 08, 2021. The new note on the price target was released on December 04, 2020, representing the official price target for Marvell Technology Group Ltd. stock. Previously, the target price had yet another raise to $48, while Craig Hallum analysts kept a Buy rating on MRVL stock.

The Average True Range (ATR) for Marvell Technology Group Ltd. is set at 1.61, with the Price to Sales ratio for MRVL stock in the period of the last 12 months amounting to 10.62. The Price to Book ratio for the last quarter was 3.66, with the Price to Cash per share for the same quarter was set at 1.09. Price to Free Cash Flow for MRVL in the course of the last twelve months was 57.35 with Quick ratio for the last quarter at 1.30.

MRVL Stock Performance Analysis:

Marvell Technology Group Ltd. [MRVL] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.97. With this latest performance, MRVL shares dropped by -2.47% in over the last four-week period, additionally plugging by 6.70% over the last 6 months – not to mention a rise of 74.76% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for MRVL stock in for the last two-week period is set at 41.26, with the RSI for the last a single of trading hit 33.86, and the three-weeks RSI is set at 44.49 for Marvell Technology Group Ltd. [MRVL]. The present Moving Average for the last 50 days of trading for this stock 48.01, while it was recorded at 47.45 for the last single week of trading, and 43.41 for the last 200 days.

Insight into Marvell Technology Group Ltd. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Marvell Technology Group Ltd. [MRVL] shares currently have an operating margin of -1.42 and a Gross Margin at +50.45. Marvell Technology Group Ltd.’s Net Margin is presently recorded at -9.34.

Return on Total Capital for MRVL is now -0.41, given the latest momentum, and Return on Invested Capital for the company is -2.78. Return on Equity for this stock declined to -3.24, with Return on Assets sitting at -2.53. When it comes to the capital structure of this company, Marvell Technology Group Ltd. [MRVL] has a Total Debt to Total Equity ratio set at 17.63. Additionally, MRVL Total Debt to Total Capital is recorded at 14.99, with Total Debt to Total Assets ending up at 13.81. Long-Term Debt to Equity for the company is recorded at 14.03, with the Long-Term Debt to Total Capital now at 11.93.

Reflecting on the efficiency of the workforce at the company, Marvell Technology Group Ltd. [MRVL] managed to generate an average of -$51,928 per employee. Receivables Turnover for the company is 5.77 with a Total Asset Turnover recorded at a value of 0.27.Marvell Technology Group Ltd.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.30 and a Current Ratio set at 1.50.

MRVL Stock EPS

With the latest financial reports released by the company, Marvell Technology Group Ltd. posted 0.18/share EPS, while the average EPS was predicted by analysts to be reported at 0.14/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 28.60%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for MRVL. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Marvell Technology Group Ltd. go to 34.00%.

Marvell Technology Group Ltd. [MRVL] Insider Position Details

There are presently around $28,684 million, or 93.90% of MRVL stock, in the hands of institutional investors. The top three institutional holders of MRVL stocks are: FMR LLC with ownership of 100,768,315, which is approximately 1.384% of the company’s market cap and around 0.20% of the total institutional ownership; PRICE T ROWE ASSOCIATES INC /MD/, holding 78,784,783 shares of the stock with an approximate value of $3.68 billion in MRVL stocks shares; and VANGUARD GROUP INC, currently with $2.84 billion in MRVL stock with ownership of nearly 0.63% of the company’s market capitalization.

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Positions in Marvell Technology Group Ltd. stocks held by institutional investors increased at the end of March and at the time of the March reporting period, where 440 institutional holders increased their position in Marvell Technology Group Ltd. [NASDAQ:MRVL] by around 54,339,669 shares. Additionally, 237 investors decreased positions by around 36,908,693 shares, while 70 investors held positions by with 523,638,404 shares. The mentioned changes placed institutional holdings at 614,886,766 shares, according to the latest SEC report filing. MRVL stock had 172 new institutional investments in for a total of 5,569,499 shares, while 69 institutional investors sold positions of 9,241,365 shares during the same period.

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