MRVL - Marvell Technology Group Ltd.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
28.49
+0.24 (+0.85%)
At close: 4:00PM EST
Stock chart is not supported by your current browser
Previous Close28.25
Open28.50
Bid28.49 x 1100
Ask28.52 x 4000
Day's Range28.24 - 28.85
52 Week Range16.40 - 28.86
Volume11,551,182
Avg. Volume8,197,608
Market Cap19.108B
Beta (5Y Monthly)1.18
PE Ratio (TTM)N/A
EPS (TTM)-0.68
Earnings DateMar 04, 2020 - Mar 08, 2020
Forward Dividend & Yield0.24 (0.90%)
Ex-Dividend DateDec 22, 2019
1y Target Est29.86
  • Marvell Technology (MRVL) Outpaces Stock Market Gains: What You Should Know
    Zacks

    Marvell Technology (MRVL) Outpaces Stock Market Gains: What You Should Know

    In the latest trading session, Marvell Technology (MRVL) closed at $28.49, marking a +0.85% move from the previous day.

  • Marvell Technology (MRVL) Surges: Stock Moves 5.7% Higher
    Zacks

    Marvell Technology (MRVL) Surges: Stock Moves 5.7% Higher

    Marvell Technology (MRVL) saw a big move last session, as its shares jumped nearly 6% on the day, amid huge volumes.

  • 3 “Strong Buy” Stocks for the 5G Revolution in 2020
    TipRanks

    3 “Strong Buy” Stocks for the 5G Revolution in 2020

    5G could be the key growth driver for "tech" stocks in 2020.That's the upshot of a new report out of investment bank Needham this week, as its analysts report back from the just-ended Consumer Electronics Show in Las Vegas. Accelerating sales of both handsets and the infrastructure needed to make them work will provide a "major growth catalyst" for semiconductor-makers in particular, and tech in general, opines Needham, accelerating off a slowdown in the second half of 2019."5G handset roll-outs [will accelerate] throughout 2020, especially in the 2H," culminating in total phone sales of perhaps 200 million by the time the year is out. So... how do you plan to play this trend?Leveraging TipRanks' Stock Screener tool to comb through Needham's picks, we've come up with three stocks that win high marks not just from the analyst making this 2020 forecast -- but from Wall Street analysts in general. Here's what you need to know about them.Tower Semiconductor (TSEM)First up is Tower Semiconductor, which as the name implies is a maker of analog intensive mixed-signal semiconductor devices.Investors in Tower Semiconductor stock can expect to see "low double-digit" organic growth in 2020, says Needham analyst Rajvindra Gill. And while that may not sound like much, it's significantly faster -- potentially as much as twice as fast -- as the 6.7% growth rate that most Wall Street analysts are expecting (which could mean additional upgrades will follow as Tower delivers on its promises).Tower aims to aggressively expand capacity at its factories churning out 200mm and 300mm chips to supply growing demand for 5G smartphones, which are experiencing "stronger than expected 5G proliferation." In particular, Tower sees an opportunity to supply makers of OLED fingerprint sensors for these phones. Oh, and gross margins on these products may already have "bottomed out" at 19%.Indeed, Gill takes the lead on recommending this one, assigning Tower stock a "buy" rating and $30 price target. (To watch Gill's track record, click here)With sales growing faster than expected, and profit margins firming perhaps sooner than expected, the outlook for Tower is looking pretty good, and $30 a share is certainly not out of the question -- nearly a 17% profit from today's share price.TSEM has built its Strong Buy consensus rating on solid performance which has attracted three "buy" and one "hold" ratings in the last three months. This stock is selling for $25.55, so the $26.83 average price target implies an upside of 5%. (See Tower stock analysis at TipRanks)Marvell Technology (MRVL)Long known as a designer of analog and mixed-signal embedded and standalone integrated circuits, Needham analyst Quinn Bolton views Marvell Technology as a prime beneficiary of the growing 5G base station market, which Bolton sees as capable of producing up to $6 billion in annual sales globally.Huawei will be Marvell's primary competitor in this market, dominating sales in both China and Europe, which could pose a problem. However, the analyst still sees $4 billion in annual sales elsewhere as up for grabs. To win this work, Marvell must win business from the base station makers that aren't named Huawei, which include Ericsson, Nokia, and Samsung.The good news here (for Marvell) is that Bolton believes "Huawei’s ability to ship critical 5G infrastructure products ... targeting international markets may be further limited," decreasing the competitive threat outside of China and Europe.Result: Bolton believes Marvell stock is a "buy." In so doing, he's joining a chorus of nine other analysts who have assigned Marvell stock buy-equivalent ratings over the past month. (See Marvell stock analysis at TipRanks)Resonant Inc. (RESN) Last and certainly least-well-known, we come to Resonant. A bona fide microcap at just $80 million in market cap, Resonant hails from Goleta, California, where it's trying to build a business making designing filters for radio frequency electronics used in smartphones.The company's not profitable yet, nor free cash flow positive, yet Needham likes this one fully as much as its larger, better-known peers in the semiconductor space.Indeed, assigning Resonant a $4.50 target price (the stock costs less than $2.50 a share today), Needham's Rajvindra Gill makes the case that this stock could be a near two-bagger as it expands to serve 5G needs in an RF filter market that could grow to $28 billion in annual sales by 2025 (from just $12 billion in 2019).Ramping demand for "streaming video and increased bandwidth requirements" will be the catalyst here, as 5G speeds demand more advanced tech to service them.At the same time, though, Gill urges investors not to forget about 4G just yet, which will "continue to play major role in the market." This is because in the early stages of the 5G revolution, true 5G speeds won't be available everywhere, all the time, and investors should anticipate that "the 4G network to provide a backstop for 5G coverage holes." Because 4G is currently Resonant's strength, there's an opportunity for this tiny company to become a major player in the "old" technology as its competitors focus their attention elsewhere.Survey says... Wall Street agrees. A grand total of four out of four ratings published in the past two months say Resonant is a "buy." And even if not everyone's as optimistic as Needham, the consensus price target on this stock is still $4.25 a share -- and 71% upside for buyers today. (See Resonant’s price targets and analyst ratings on TipRanks)

  • Marvell Technology (MRVL) Gains As Market Dips: What You Should Know
    Zacks

    Marvell Technology (MRVL) Gains As Market Dips: What You Should Know

    Marvell Technology (MRVL) closed at $26.50 in the latest trading session, marking a +1.53% move from the prior day.

  • Marvell Technology Charts Mixed but the Long Term Trend Remains Positive
    TheStreet.com

    Marvell Technology Charts Mixed but the Long Term Trend Remains Positive

    Marvell Technology Group has been covered by us at Real Money. In this daily bar chart of MRVL, below, we can see that prices are above the rising 50-day moving average line and above the rising 200-day moving average line. The 200-day moving average line has a long history as a technical indicator going back at least to Joseph Granville in the 1960's. The slope of the 200-day line is positive so we can say that the long-term trend of MRVL is positive.

  • Benzinga

    December's Investor Movement Index Ends 2019 On A HIgh Note

    For the first time since the summer of 2017, TD Ameritrade’s Investor Movement Index (IMX) posted its third consecutive increase to hit a 14-month high of 5.55 through December. The most recent edition ...

  • Marvell Technology Group Ltd. (MRVL) vs. Top 20 Hedge Fund Stocks in 2019
    Insider Monkey

    Marvell Technology Group Ltd. (MRVL) vs. Top 20 Hedge Fund Stocks in 2019

    We are still in an overall bull market and many stocks that smart money investors were piling into surged in 2019. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 57% each. Hedge funds' top 3 stock picks returned 44.6% this year and beat the S&P 500 ETFs by […]

  • Here's Why We're Wary Of Buying Marvell Technology Group Ltd.'s (NASDAQ:MRVL) For Its Upcoming Dividend
    Simply Wall St.

    Here's Why We're Wary Of Buying Marvell Technology Group Ltd.'s (NASDAQ:MRVL) For Its Upcoming Dividend

    Some investors rely on dividends for growing their wealth, and if you're one of those dividend sleuths, you might be...

  • Is Marvell Technology Group Ltd. (NASDAQ:MRVL) An Attractive Dividend Stock?
    Simply Wall St.

    Is Marvell Technology Group Ltd. (NASDAQ:MRVL) An Attractive Dividend Stock?

    Dividend paying stocks like Marvell Technology Group Ltd. (NASDAQ:MRVL) tend to be popular with investors, and for...

  • Is Marvell Technology Group Ltd.'s (NASDAQ:MRVL) CEO Paid Enough Relative To Peers?
    Simply Wall St.

    Is Marvell Technology Group Ltd.'s (NASDAQ:MRVL) CEO Paid Enough Relative To Peers?

    Matt Murphy became the CEO of Marvell Technology Group Ltd. (NASDAQ:MRVL) in 2016. This report will, first, examine...

  • 3 Great Semiconductor Stocks to Invest In for 2020
    InvestorPlace

    3 Great Semiconductor Stocks to Invest In for 2020

    Looking forward, the epic semiconductor stocks rally still has plenty of room to run. Since the year began, the Van Eck Vector Semiconductor ETF (NYSE:SMH) is up nearly 61% year to date. The iShares Trust S&P Semiconductor Index Fund (NASDAQ:SOXX) is up 56%. The best part? The sector is well-positioned to push even higher in 2020.As InvestorPlace.com contributor Luke Lango pointed out, "Since early 2018, escalating trade tensions between the U.S. and China have weighed on global semiconductor demand and sales. But, those escalating trade tensions are now de-escalating, and should continue to de-escalate into 2020. As they do, semiconductor demand and sales will rebound."Additionally, according to IHS Markit, global semiconductor revenue would rebound up to 5.9% from $442.8 billion in 2019 to $448 billion by 2020. "IHS said that upturn will be directly due to 5G smartphones because the smartphone business is the largest consumer of semiconductors of any industry, with $87.7 billion in global revenue this year," said Light Reading Editorial Director Mike Dano.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * These 7 S&P 500 Stocks Will Deliver a Repeat Performance in the Next Decade In short, semiconductor stocks -- especially those involved with 5G -- could be explosive in 2020. That being said, here are three semiconductor stocks I think could benefit in the new year: Semiconductor Stocks to Invest In: Qualcomm (QCOM)Source: Akshdeep Kaur Raked / Shutterstock.com When it comes to Qualcomm (NASDAQ:QCOM) stock, the next big catalyst is 5G. Considering the massive rollout we're about to see, its chips will be under sizable demand.In fact, Qualcomm expects global smartphone makers to ship up to 450 million 5G handsets in 2021, and another 750 million in 2022. We also have to remember Apple (NASDAQ:AAPL) iPhones will be powered by QCOM 5G modem chips.As a result, Qualcomm will benefit because phones will therefore need more chips."We exit the fiscal year having successfully executed on our strategic priorities: helping to drive the commercialization of 5G globally, completing a number of important anchor license agreements and executing well across our product road map," said CEO Steve Mollenkopf, as I pointed out the other day. Marvell Technology (MRVL)Source: Michael Vi / Shutterstock.com After losing 35% of its value in the latter part of 2018, Marvell Technology (NASDAQ:MRVL) is now up 73% since then -- all thanks to clear signs that its 5G business is about to take off in a big way. The company now believes revenues will hit $600 million a year!"Our design win momentum continues in 5G, and we recently announced a significant long-term partnership with Samsung to deliver multiple generations of embedded processors and baseband processors for both LTE and 5G base stations," said CEO Matthew Murphy. "We expect shipments of our 5G products to start to ramp toward the end of the fiscal year 2020 and continue to grow rapidly into fiscal 2021 and beyond."Better, Marvell acquired Avera Semiconductor for $650 million earlier this year. This move will allow it to expand into the application-specific integrated circuits (ASIC); and those have become popular with regards to machine learning and the Internet of Things. Furthermore, 5G demand should create bigger demand for ASICs down the road.With that in mind, analysts are just as upbeat on the stock. * 7 Tech Stocks to Stuff Your Stocking With JP Morgan analyst Harlan Sur sees the company's 5G business "ramping strongly." Barclays' Blayne Curtis says MRVL is the bank's top semiconductor stock for 2020."The key point for us is the strength of the 5G opportunity ahead," he said. Micron Technology (MU)Source: madamF / Shutterstock.com Micron Technology (NASDAQ:MU) stock should also see a boost from 5G. This is due to demand for its dynamic random access memory chips (DRAMs) and NAND flash storage. Remember, when it comes to 5G, every device will require a combination of both DRAM and NAND memory.We must also remember that 5G devices, such as smartphones, in 2020 and beyond will need "at least 50% more memory than their 4G cousins," as highlighted by Motley Fool contributor, Anders Bylund.Plus, with 5G the average phone will need six gigabytes of DRAM from the four GB in current phones, as noted by Barron's contributor, Eric Savitz."Higher-end phones will need eight GB to 12 GB of DRAM, up from six GB. The same pattern will unfold with NAND flash memory -- (Sumit Sadana, chief business officer at Micron Technology) sees midrange phones shifting from 64 and 128 GB models to 128 and 256 GB, with high-end models getting up to a terabyte of NAND."That offers sizable long-term opportunity for a company like Micron, whose position in mobile is only growing stronger.As of this writing, Ian Cooper did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 5 Best Tech Stocks to Buy For the Next Decade * 4 Beaten-Up Pot Stocks Worth Considering in 2020 * Top 5 Tech Stocks of the 2010s Decade The post 3 Great Semiconductor Stocks to Invest In for 2020 appeared first on InvestorPlace.

  • Marvell Technology Earns Relative Strength Rating Upgrade; Hits Key Threshold
    Investor's Business Daily

    Marvell Technology Earns Relative Strength Rating Upgrade; Hits Key Threshold

    On Thursday, Marvell Technology earned an upgrade to its Relative Strength (RS) Rating, from 78 to 84. When you're researching the best stocks to buy and watch, be sure to pay attention to relative price strength. Marvell Technology broke out earlier, but is now around 5% below the prior 26.63 entry from a double bottom.

  • Thomson Reuters StreetEvents

    Edited Transcript of MRVL earnings conference call or presentation 3-Dec-19 9:45pm GMT

    Q3 2020 Marvell Technology Group Ltd Earnings Call

  • Deutsche Bank: 3 “Strong Buy” Stocks to Consider Despite Slowdown Concerns
    TipRanks

    Deutsche Bank: 3 “Strong Buy” Stocks to Consider Despite Slowdown Concerns

    Heading into the last lap of 2019, it’s fair to say that it’s been quite a year for investors. Markets are up – way up. The Dow, S&P 500, and NASDAQ have posted gains for the year of 19%, 25%, and 29%, respectively, and the year’s not quite over yet.However, Deutsche Bank is getting slightly nervous. The US markets have risen so far, and so fast, that the German banking firm’s chief global strategist, Binky Chadha, sees little or no room for further growth saying, “Valuations are high, higher than they’ve been 90% of the time over the past five years.” He adds that the economy is slowing down, in a “clear, unambiguous, and broad-based” fashion, and puts most of the blame for that on President Trump’s trade policies.While there are clear indications of slowdowns outside of the US – in Canada for example, where it lost 70,000 jobs last month, or in France, where strikes have paralyzed Paris – the American economy is continuing to chug along. The November jobs report, released last week, allayed fears of a slowdown with excellent jobs numbers, and brought the 3-month rolling average of jobs created to more than 200,000. Wages were also up, and unemployment ticked down to a 50-year low.Still, Chadha does make a good point. With US markets having climbed to record highs, there is some feeling that they now have nowhere to go – but down. It’s a worrisome sentiment, made more so by the fact that markets are frequently moved by sentiment.But Deutsche Bank, as an institution, offers some balm for worried investors. We’ve used the TipRanks Stock Screener tool to pull up three Strong Buy stocks, for which Deutsche Bank analysts expect to see more than 25% upside potential over the next 12 months. They inhabit a variety of niches, and offer a potential safeguard for investors’ portfolios. Let’s delve deeper, and find out why.Eldorado Resorts (ERI)General prosperity is good for leisure companies, and Eldorado is no exception. The company operates resort hotels and casinos in 11 states, with a total of 23 properties. Look for that number to expand in the near future, as the company’s shareholders have approved in November a deal to take over Caesars. The merger will create the largest casino operator in the US.Looking into the details, Eldorado will be paying a total of $17.3 billion to acquire Caesars. The deal includes an $8.5 billion new issue of common stock, needed to fund the equity portion of the transaction, and $8.8 billion worth of debt that Eldorado will take over from Caesars. Shareholders of both companies voted overwhelmingly in favor of the acquisition. Since the shareholder votes in mid-November, the deal is on track for completion in 1H20.The takeover is one of the largest such moves in the history of the US gaming industry. Eldorado is paying more than quadruple its own market cap – approximately $4.12 billion – to close the deal. Early indications are favorable, as ERI is trading modestly higher since the approval. The deal was pushed hard by billionaire investing guru Carl Icahn, the largest individual shareholder in Caesars. A statement on Icahn’s website said, in reference to the Eldorado-Caesars deal, “This merger is the quintessential example of how an activist shareholder, working collaboratively with the board, can greatly enhance value for all stockholders.”Writing on ERI as part of a general review of the casino gaming sector, Deutsche Bank’s Carlo Santarelli takes a bullish stance. He is optimistic that “the CZR portfolio is likely to bring … growth for the combined entity into the double digits,” and identified ERI as “our top pick within the [gaming] group for 2020.”"Net-net, we believe ERI will benefit from sector leading same-store EBITDAR growth, driven by; 1) a healthy LV Strip backdrop, 2) sound regional consumer trends, 3) more limited competition, relative to 2019, 4) some Company specific dynamics within both the ERI and CZR portfolios that have been unheralded to date, and 5) material synergy generation. Given our pro forma modeling work and our available upon request ERI / CZR combined model, we believe these attributes are being valued at a material discount to peers, with shares offering a ~16% pro forma free cash flow yield on our 2021 estimates," the analyst concluded.Santarelli optimism on ERI is evidenced by his $66 price target, implying an upside of 25% to the stock, and his Buy rating. (To watch Santarelli’s track record, click here)Eldorado Resorts maintains a Strong Buy consensus rating, based on 4 Buy ratings and 1 hold given in the last few months. The stock has been gaining steadily since early September, and is up an impressive 45% so far this year. Shares are selling for $52.75, and the average price target of $59.75 suggests that there is still 13% upside potential to the stock. (See Eldorado stock analysis on TipRanks)Marvell Technology (MRVL)Moving to the semiconductor industry, we find Marvell. This is not one of the giants of the chip sector, but still brings in $2.9 billion annually, with a net income of $179 million in fiscal 2019. The Silicon Valley company has offices and design centers in 14 countries around the world.Marvell has benefited this year from a partnership with Samsung on 5G deployment. The collaboration gives Marvell access to the resources of the largest player in the semiconductor sector (or perhaps the second largest – Samsung and Intel have been trading the 1 and 2 slots for the last 18 months). In addition, Marvell will be able to tap into Samsung’s network among South Korea’s early adopters of 5G. For the long term, the partnership is focused on embedded and baseband processors for 5G base stations.In Q3, reported last week, the company’s top line revenues just missed the forecasts, coming in at $662 million against the estimate of $664 million. EPS was decent, however, with the 17-cent per-share income matching expectations.In recent months, Marvell has spent over $1 billion acquiring two smaller chip makers, Avera Semi and Aquantia. The spending was noticeable in the Q3 report, as the company’s cash on hand dropped by over $130 million while debt increased by nearly $400 million. The spending is hardly wasteful, however, as both acquisitions will help the company expand technology in the runup to 5G.5-star Deutsche Bank analyst Ross Seymore is bullish on Marvell’s prospects heading into 2020. He writes, “We continue to view the most-important metrics to be Marvell's progress on its 5G ramp and a cyclical return to normalcy in the Storage business, with both dynamics trending positively. Within 5G MRVL is executing on an aggressive initial production ramp at Samsung…”5G will be making more and more news in coming months, and Seymore sees MRVL well positioned to make gains. He puts a Buy rating and a $30 price target on the stock, suggesting an upside of 27%. (To watch Seymore’s track record, click here)Overall, Marvell’s Strong Buy consensus rating is based on 10 Buys and 2 Holds. The holds are left over from the dip in the chip industry at the end of 2018 and beginning of 2019 – the stock has risen steadily this year. The average price target of $29.50 indicates room for a 25% upside from the current share price of $23.52. (See Marvell stock analysis on TipRanks)MGIC Investment (MTG)A generally strong economy and rising wages should be good for loan companies, and MGIC helps to prove that proposition. MGIC stands for ‘Mortgage Guaranty Insurance Corporation,’ and as the name suggests, the company is in the home loan business. Specifically, it is a provider of private mortgage insurance. It’s an important niche, as the service is required for any mortgage in which the borrower cannot cover the full principle from existing assets.The third quarter earnings report bore this out. MTG reported EPS of 48 cents, flat year-over-year but 12% better than the forecast, while the revenues of $$318.4 million were up 96% yearly. Within the revenue data, premium income was up by 7% and investment income was up 17%. In a key metric, new insurance written, MTG saw an increase of 31.7% year-over-year, to over $19 billion.Strong performance was not the only positive. Delinquency rates were down, in line with overall strength in the US economy. As employment and wages rise, so does housing demand – but more importantly, so does borrowers’ ability to afford home loans. Taken together, all of this has pushed MTG shares to robust 35% year-to-date gains.4-star analyst Phil Stefano reviewed MTG for Deutsche Bank and wrote, “We increase our 4Q19 expectation… persistency pressure is likely to be sustained in the quarter given the pullback in interest rates. An improved outlook on new notices of default and stronger-than-expected IIF growth should help to drive some incremental strength in the sector with today's trading. Our long-term expectations for the sector remain and we forecast MGIC will deliver low-to-mid-teens operating returns and book value growth…”Stefano's $18.50 price target implies room for 30% share appreciation in the next year, to go along with his Buy rating. (To watch Stefano’s track record, click here)MTG has a unanimous consensus rating, a Strong Buy based on 3 positive reviews in the last couple of months. The stock is selling for $14.13, a low price for an upwardly bound stock with a solid business base, and the $18.17 average price target suggests a 28% upside potential. Check out these 5 ‘Strong Buy’ stocks that top Wall Street analysts recommend.

  • TheStreet.com

    Marvell Technology Will Outperform Thanks to 5G Ramp

    Analyst Harlan Sur noted that the ramp of 5G at handset maker Samsung is strong and that momentum will continue into fiscal 2021 as Samsung broadens its 5G buildout to include Japan and the U.S. Marvell provides 5G chips for Samsung phones. While J.P. Morgan has a base case of annual 5G revenue of $600 million for Marvell, there is a potential for that revenue to increase to $1 billion annually over the next few years with Samsung estimated to bring in between $450 million and $550 million, Nokia accounting for between $250 million and $350 million, and Avera adding between $150 million and $200 million.

  • Benzinga

    Investor Movement Index: November 2019

    Exposure to equity markets increased in TD Ameritrade Holding Corp. (NASDAQ: AMTD ) client accounts during the November period. The IMX increased to the highest level in a year, increasing 0.33, or 6.8%, ...

  • Stocks To Watch: Marvell Technology Sees RS Rating Jump To 82
    Investor's Business Daily

    Stocks To Watch: Marvell Technology Sees RS Rating Jump To 82

    One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Marvell Technology just hit that mark, with a jump from 76 to 82 Monday. As you try to find the best stocks to buy and watch, be sure to pay attention to relative price strength.

  • PR Newswire

    Marvell Technology Group Ltd. Declares Quarterly Dividend Payment

    Marvell Technology Group Ltd. (NASDAQ: MRVL), today announced a quarterly dividend of $0.06 per share of common stock payable on January 16, 2020 to shareholders of record as of December 26, 2019.

  • Microchip Raises Guidance; Marvell Report Divides Analysts
    Investor's Business Daily

    Microchip Raises Guidance; Marvell Report Divides Analysts

    Chipmakers Microchip Technology and Marvell Technology saw their shares head in opposite directions Wednesday. Microchip rose on improved guidance while Marvell sank on quarterly results.

  • Benzinga

    Marvell's Valuation Keeps Morgan Stanley At Bay, While NXP Impresses With Growth Drivers, Returns

    Infrastructure semiconductor solutions provider Marvell Technology Group Ltd. (NASDAQ: MRVL) reported in-line fiscal third-quarter earnings but guided the fourth quarter lower. Morgan Stanley analyst Joseph Moore maintained an Equal-Weight rating on Marvell but increased the price target from $20 to $24. Reflecting on the wireless connectivity deal, Craig Hettenbach maintained an Overweight rating and $121 price target.

  • Marvell (MRVL) Q3 Earnings Meet, Revenues Miss Estimates
    Zacks

    Marvell (MRVL) Q3 Earnings Meet, Revenues Miss Estimates

    Macroeconomic woes and decline across all its segments hurt Marvell (MRVL) fiscal Q3 results. However, continued deal wins and strong demand from enterprise and datacentre markets are positives.

  • Dow Jones Futures Rise On China Trade Deal Hopes: Alphabet CEO Larry Page Exits; 5 Key Earnings Movers
    Investor's Business Daily

    Dow Jones Futures Rise On China Trade Deal Hopes: Alphabet CEO Larry Page Exits; 5 Key Earnings Movers

    Dow Jones futures rose on China trade deal hopes, a day after Trump's trade comments. Alphabet CEO Larry Page stepped down with Google stock in a buy zone,

  • TheStreet.com

    Stocks Rebound as U.S.-China Trade Agreement Is Seen as Closer

    Stocks finished higher Wednesday, breaking a three-day slide, on news that a U.S.-China trade deal may happen before American tariffs are set to rise on Dec. 15.