Marvell Technology (MRVL) saw an improvement in its IBD SmartSelect Composite Rating Thursday, from 94 to 96. This move pushes Marvell Technology stock closer to a perfect 99 score.
The new score tells you the company is now outperforming 96% of all stocks in terms of the most important fundamental and technical stock-picking criteria. History shows the top market performers tend to have a 95 or higher score as they launch their major moves.
Is Marvell Technology Stock A Buy?
Marvell Technology is now out of buy range after clearing the 41.44 entry in a flat base.
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Marvell Technology stock sports an 89 EPS Rating, which means the Bermuda-domiciled chipmaker’s recent quarterly and annual earnings growth is outpacing 89% of all stocks.
Its Accumulation/Distribution Rating of B for Marvell Technology stock shows moderate buying by institutional investors over the last 13 weeks.
In Q3, the company posted 47% earnings growth. That means it’s now generated four straight quarters of rising EPS gains. Top-line growth climbed 13%, up from 11% in the prior quarter. The company has now posted increasing growth in each of the last four quarters.
Marvell Technology stock earns the No. 6 rank among its peers in the Electronics-Semiconductor Fabless industry group. Inphi (IPHI), Monolithic Power Systems (MPWR) and Advanced Micro Devices (AMD) are among the top five highly rated stocks within the group.
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