Marvell Technology Group Ltd. (NASDAQ:MRVL) which makes chips that are used in storage drives and mobile, has outperformed the market this year with gains of almost 15%. Marvell has witnessed terrific growth in revenue and earnings in the past few quarters, propelling the share price close to 52-week highs. Marvell Technology Group Ltd. (NASDAQ:MRVL) shares after opening at $15.24 moved to $15.42 on last trade day and at the end of the day closed at $14.94. Company price to sales ratio in past twelve months was calculated as 2.21 and price to cash ratio as 3.82. Marvell Technology Group Ltd. (NASDAQ:MRVL) showed a negative weekly performance of -6.27%.
ISI Group assumed coverage on shares of Broadcom Corp. (NASDAQ:BRCM) in a research note issued to investors on Thursday, TheFlyOnTheWall.com reports. The firm issued a neutral rating and a $32.00 price target on the stock. Broadcom Corporation (NASDAQ:BRCM) shares fell -3.33% in last trading session and ended the day on $29.32. BRCM return on equity ratio is recorded as 5.30% and its return on assets is 3.70%. Broadcom Corporation (NASDAQ:BRCM) yearly performance is -12.08%.
Analysts at Jefferies Group raised their price objective on shares of Merck & Co. (NYSE:MRK) to $61.00 in a research report issued to clients and investors on Monday, Analyst Ratings News reports. Jefferies Group’s target price indicates a potential upside of 9.08% from the company’s current price. Merck & Co., Inc. (NYSE:MRK) shares moved up 0.13% in last trading session and was closed at $55.92 while trading in range of $55.30 -$56.60 – Merck & Co., Inc. (NYSE:MRK) year to date (YTD) performance is 12.61%.
Sunedison Inc (NYSE:SUNE) announced that is has closed the first $150 million of a $300 million three-year project finance revolving credit facility arranged by Deutsche Bank Securities, Inc. to support the development and acquisition of new projects in the United States and Canada. Sunedison Inc (NYSE:SUNE) weekly performance is -10.99%. On last trading day company shares ended up $16.85. Sunedison Inc (NYSE:SUNE) distance from 50-day simple moving average (SMA50) is -5.53%. Analysts mean target price for the company is $22.46.
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