Marvell Technology’s Technical Ratings Rise

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Semiconductor builder Marvell Technology (MRVL) saw an improvement in its IBD SmartSelect Composite Rating Tuesday, from 94 to 98.


The new score tells you the company is now outperforming 98% 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.

Marvell Technology is now out of buy range after breaking out from a 41.44 buy point in a flat base.

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Marvell Technology stock has an 89 EPS Rating, which means its recent quarterly and annual earnings growth tops 89% of all stocks.

Its Accumulation/Distribution Rating of B- shows moderate buying by institutional investors over the last 13 weeks.

The Bermuda-domiciled company reported a 47% increase in earnings for Q3. That marks four straight quarters of rising EPS growth. Top line growth climbed 13%, up from 11% in the prior quarter. That marks four quarters of rising growth.

Marvell Technology earns the No. 5 rank among its peers in the Electronics-Semiconductor Fabless industry group. Advanced Micro Devices (AMD) is the top-ranked stock within the group.


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