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Pajjuri covers the Technology sector, focusing on stocks such as Marvell, Advanced Micro Devices, and Intel. According to TipRanks, Pajjuri has an average return of 53.1% and a 77.27% success rate on recommended stocks.
Currently, the analyst consensus on Marvell is a Strong Buy with an average price target of $229.83, implying a 12.21% upside from current levels. In a report released yesterday, Barclays also assigned a Buy rating to the stock with a $275.00 price target.
Based on Marvell’s latest earnings release for the quarter ending May 2, the company reported a quarterly revenue of $2.42 billion and a net profit of $34.5 million. In comparison, last year the company earned a revenue of $1.9 billion and had a net profit of $177.9 million
Based on the recent corporate insider activity of 58 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MRVL in relation to earlier this year. Last month, Mark Casper, the EVP & CLO of MRVL sold 10,000.00 shares for a total of $1,355,000.00.
