Dividend Growth of Marvell Technology Group Ltd.(MRVL)

Marvell Technology Group Ltd.(MRVL) is having a Dividend Yield of 1.52% with the Annual cash Dividend per share of $0.24. The last quarter cash dividend per share pay out was $0.06. Marvell Technology Group Ltd. has a 5 year average dividend yield of 1.9% and the stock has a Indicated annual dividend of $0.24. Marvell Technology Group Ltd.(MRVL) formally announced its most recent dividend on November 18, 2016 with a Dividend per share of $0.06. The new indicated annual dividend based on announced dividend per share is $0.24. The dividend yield based on the forward looking indicated annual dividend is 1.52%. Marvell Technology Group Ltd.(MRVL) has the most recent dividend payout ratio of 0.89 with a 5-year average payout ratio of 0.47. Companys change in pay out ratio when compared to the last 5 years average pay out ratio has been 0.42.

Marvell Technology Group Ltd. (NASDAQ:MRVL) witnessed a decline in the market cap on Thursday as its shares dropped 0.13% or 0.02 points. After the session commenced at $15.81, the stock reached the higher end at $15.875 while it hit a low of $15.67. With the volume soaring to 2,906,942 shares, the last trade was called at $15.79. The company has a 52-week high of $15.887. The company has a market cap of $8,020 million and there are 507,900,000 shares in outstanding. The 52-week low of the share price is $8.66. Shares of Marvell Technology Group Ltd. rose by 0.83% in the last five trading days and 11.12% for the last 4 weeks. Marvell Technology Group Ltd. is up 18.08% in the last 3-month period. Year-to-Date the stock performance stands at 13.84%.

Currently the company Insiders own 20.6% of Marvell Technology Group Ltd. shares according to the proxy statements. Institutional Investors own 73.41% of Marvell Technology Group Ltd. shares. Company has reported several Insider transactions to the SEC, on Jun 25, 2015, Zining Wu (Chief Technology Officer) sold 51,312 shares at 14.51 per share price.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Company shares were Reiterated by Cowen on Feb 6, 2017 to Outperform, Raises Price Target to $ 20 from a previous price target of $18 .Company shares were Upgraded by UBS on Feb 1, 2017 to Buy, Raises Price Target to $ 20 from a previous price target of $12 .Marvell Technology Group Ltd. was Initiated by Loop Capital to Buy on Dec 6, 2016. Marvell Technology Group Ltd. was Downgraded by Goldman to Sell on Dec 5, 2016. Company shares were Reiterated by UBS on Dec 1, 2016 to Sell, Raises Price Target to $ 12 from a previous price target of $9 .

Marvell Technology Group Ltd. Last issued its quarterly earnings results on Nov 17, 2016. The company reported $0.20 EPS for the quarter, beating the analyst consensus estimate by $ 0.08. Analyst had a consensus of $0.12. The company had revenue of $654.00 million for the quarter, compared to analysts expectations of $615.76 million. The companys revenue was down -3.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.05 EPS.

Marvell Technology is a leading designer, developer and supplier of mixed-signal and digital signal processing integrated circuit for high-speed, high-density, digital data storage and broadband digital data networking markets. The companys goal is to continue to support its customers in providing faster, better solutions to meet their customers needs for increased bandwidth as communication solutions evolve. The company meets this goal with state-of-the-art chip solutions that enable data transfer in data storage devices and networking applications.


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