U.S. markets closed

Marvell Technology Group Ltd. (MRVL)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
Add to watchlist
41.51+1.41 (+3.53%)
At close: 4:00PM EST
Sign in to post a message.
  • T
    Tom
    For all you pickle heads that actually listen to Cramer here is some good advice. Cramer pumped mrvl years ago in the $25 range , the stock went to $8 within 12 months. Cramer is now nothing more than an entertainer on a TV show, the Bob Barker of finance game shows. If you are listening to Cramer looking for advice on what stock to buy or when to buy it, you are surely going to lose money.
  • B
    B
    Marvell Technology reported net revenue for the fourth quarter that beat the average analyst estimate.
    FOURTH QUARTER RESULTS
    Net revenue $797.8 million, +11% y/y, estimate $786.1 million (range $785.0 million to $794.0 million) (Bloomberg Consensus)
    Storage revenue $326.4 million, estimate $310.1 million
    Networking revenue $438.6 million, estimate $444.5 million
    Adjusted EPS 29c vs. 17c y/y
    Adjusted gross margin 63.9% vs. 62.3% y/y, estimate 64.0%
    FIRST QUARTER FORECAST
    Sees adjusted EPS 23c to 31c
  • B
    Bobby
    MRVL is a earnings making machine! 71% earnings growth, 11% sales growth, 10% revenue growth. Not bad for a fabless semi company in a chip shortage. Great strategic partnerships with the big players and their major 5G footprint will really propel them going forward. One of my favorite 5G plays. I wouldn't worry about any short term correction. Is only temporary as the entire market corrects.
  • D
    Dominick
    Following the earnings results, Oppenheimer analyst Rick Schafer reiterated a Buy and a price target of $60 on the stock. Schafer said in a note to investors, “We see storage off seasonally in F1Q but likely up at least 10% this year. Auto presents additional upside optionality. Supply constraints should ease going forward but likely linger through CY21.”

    “Channel (~25% of sales) inventories remain below target (2.5 weeks) and delinquencies high, though the sole-sourced nature of MRVL’s business likely sees demand pushed forward vs. lost…Given a strong play in 5G, cloud, and auto, we see MRVL positioned for sustained outsized growth,” Schafer added.

    The rest of the Street is bullish on the stock with a Strong Buy consensus rating based on 11 Buys and 1 Hold. The average analyst price target of $57.83 implies around 27% upside potential to current levels.
  • j
    jim
    I have Never been astute enough to time the market. Personally I invest in companies that Actually make products, earn a profit, and let the economy take it where it will take it. MRVL is a well run company with Long term goals that will be accomplished. Not Cramer, but many, many Analysis believe in the company, and would listen to them before I listen to an anonymous poster on amessage board!
    Bullish
  • D
    Dominick
    Would ya look at that, up 2%. Like the old days. :)
  • h
    hansegal
    In 2011 (Hommage to Toshiya Hari):

    Goldman Sachs Group Inc. was sued by two co-founders of Marvell Technology Group Ltd. who allege the investment bank tricked them into selling company shares by claiming the sale was needed to cover a margin loan.
    Sehat Sutardja, Marvell’s chief executive officer, and Weili Dai, the company’s former chief operating officer, said they were duped into selling shares in 2008 that are now worth $141.5 million, according to a complaint filed yesterday in state court in San Francisco. Goldman Sachs pressured them by claiming a regulatory rule, which didn’t exist, required them to sell their stock, according to the complaint. Goldman Sachs held millions of shares of Marvell stock in 2008, they said
    Bullish
  • C
    Caro
    The stock market was OK, going up and stable but people wanted a change and voted for it. This is " the change " and is just the beginning.
  • B
    Br@d
    Don’t sell. They’ll be buying back into large growth n tech soon as they shake everyone out. Thats their game. I don’t chase their rotation games. I just add more for cheap.
  • J
    JOHNNY
    (Reuters) - Marvell Technology Group Ltd said on Monday its chips will be included in a project from Facebook Inc designed to make it easier and cheaper to deploy 5G networking equipment.
  • F
    Franklin
    I figured the stock would drop a bit after earnings, but not like this! The company has a massive opportunity in front of it in cloud, datacenter, 5G, and Automotive. This sell off is demoralizing.
  • B
    BOB
    2 biggest hedge funds in Marvell Tech are Whale Rock and Citadel naturally. Driving price down to rebuy. Can't wait to see them squeezed. Will post on Wall Street Bets!!!!
    Bullish
  • J
    JOHNNY
    What is puzzling is this:
    - MRVL beat the consensus estimates in the last quarter by about 10%
    - Got added to the NASDAQ
    - Made a deal with Toshiba
    - Made a deal with Fujitsu
    - Made a deal with FB...
    Yet, they are still trading near the levels any of this news came out!!!
    What gives?
  • D
    Dominick
    mrvl will stop selling off when the NAS does. Tough environment to reverse a trend. Don’t care what anybody says, there was nothing in that er to warrant this type of sell off, which leads me to believe that they will be fine. Just going to take a little longer. Never had luck trading but I’ve done pretty good investing so I’ll hold and accumulate on the way down. IMO
  • T
    Tambo210
    good steady result. Guiding more revenue for next qtr = growth.
    stock reaction no surprise. $100 eventual sp still very intact. Is it really bad to have a stock which will more than double from today's close within 2 years? Tomorrow is just a buying op to average down if you have any dry powder. Wouldn't be surprised if this tanks further than what AH predicitng. But it'll bounce back.
    $158m cash from operating activities. What's not to like?
  • S
    Surepick
    Doubled down my position this morning, bought a little too soon at $39.90, hard to watch the price too closely at work. Still a bargain price. Then later sold $43 calls for today's expiration to sweeten the pot. I expect at least 50% gain from here in time, happy to wait for it.
  • J
    Jacky
    Cloud market and 5g has just scratched a surface. EV and Autonomy boom will bring massive demand in chips. I am holding at $54. Not worried and not selling.
  • R
    Robert
    Recently bought at 47, added more today at 41. Stay long!
  • K
    KB
    Overreaction plain and simple - a nice slow climb back to $50 begins
  • j
    jj
    this is oversold everybody just needs to take a breath and calm down. everything is dropping right now. there is high demand sumi conductor shortage which is beyond our control storage. this is a long-term play and we will all be nicely rewarded in the end. if you are looking to for a quick gain or a Reddit game stock pop this is not the right investment.