|Bid||22.02 x 1200|
|Ask||22.03 x 4000|
|Day's Range||21.95 - 22.41|
|52 Week Range||14.34 - 25.74|
|Beta (3Y Monthly)||1.47|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.24 (1.21%)|
|1y Target Est||N/A|
Marvell (MRVL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Marvell Technology (MRVL) closed the most recent trading day at $22.60, moving +0.89% from the previous trading session.
In just the past month, GlobalFoundries has made deals worth nearly $1.2 billion to sell pieces of the former IBM Microelectronics business as the chipmaker pushes to become the No. 1 or No. 2 player in every market it serves.
Tech Sector: Analyzing the Latest Acquisition Deals(Continued from Prior Part)Avera acquisitionMarvell Technology Group (MRVL) stock rose more than 3% on May 22 to $22.40. Late on May 21, the company signed a deal to buy Avera Semiconductor. The
Moody's Investors Service ("Moody's") affirmed the ratings of Marvell Technology Group Ltd. ("Marvell"), including the Baa3 senior unsecured rating, following the announcement of the pending acquisition of Avera Semiconductor ("Avera"). The outlook is stable.
Understanding the Impact of Trump’s Huawei Ban on US StocksHuawei banLast week, Donald Trump blacklisted Chinese telecom giant Huawei Technologies amid rising US-China trade tensions, restricting US companies’ transfer or supply of any
Marvell Technology has been on an acquisition spree. Two weeks after agreeing to buy Aquantia, Marvell has signed a deal to buy ASIC chipmaker Avera Semiconductor from GlobalFoundries.
Marvell Technology Group Ltd. (NASDAQ: MRVL) announced the acquisition Monday of Avera Semiconductor from GlobalFoundries. Earlier this month, the semiconductor company announced a deal to buy Aquantia Corp (NYSE: AQ). The custom ASIC maker will add $300 million to Marvell's topline, Schafer said.
Marvell (MRVL) aims to enhance its product portfolio with the impending acquisition of Avera Semiconductors, which is expected to close by January 2020.
The acquisition includes Avera's revenue base, design agreements with several large OEMs, and a new supply agreement between Marvell and Global Foundries.
Marvell Technology Group Ltd. said late Monday that it plans to buy Avera Semiconductor from Santa Clara, Calif.-based Global Foundries for $650 million in cash. Avera is the application-specific integrated circuit business of Global Foundries. "With their highly experienced design team and Marvell's leading technology platform, we will be better positioned to capitalize on our expanding opportunity in wired and wireless infrastructure, starting immediately in the fast growing 5G base station market," said Marvell Chief Executive Matt Murphy in a statement. Marvell, which expects to close the transaction by the end of January, said Global Foundries will also be eligible for an additional $90 million in cash "if certain business conditions are satisfied within the next 15 months." Marvell shares rose 1.9% after hours, following a 3.9% drop to close the regular session at $21.74.
The unit was formerly owned by International Business Machines Corp., which sold it to Globalfoundries in 2015. “It strategically places us in the ASIC market and enhances our 5G market presence,’’ Marvell Chief Executive Officer Matt Murphy said in an interview.
Marvell Technology (MRVL) closed the most recent trading day at $23.10, making no change from the previous trading session.
Marvell Technology Group Ltd NASDAQ/NGS:MRVLView full report here! Summary * Bearish sentiment is moderate Bearish sentimentShort interest | NegativeShort interest is moderately high for MRVL with between 10 and 15% of shares outstanding currently on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | NeutralETF activity is neutral. ETFs that hold MRVL had net inflows of $437 million over the last one-month. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Technology sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
In a confusing market, investors should always be prepared to fall back on long-term secular themes, like the coming 5G wireless build-out. Keeping that in mind, Jim Cramer added three new names Friday night during his Mad Money program on CNBC. Cramer said he's always been a fan of VMW and now he likes the company even more.
"In a confusing market, you should always be ready to fall back on your favorite long-term themes, and right now the 5G buildout is one of the best," CNBC's Jim Cramer says. "VMWare, Silicon Labs and Marvell Tech are now three more great ways to play it," the "Mad Money" host says. CNBC's Jim Cramer suggested Friday that investors add three more 5G plays to their basket of stocks, given the current state of the market.
Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! Matt Murphy became the CEO of Marvell Technology Group Ltd. (NASDAQ:MRVL) in 2016. First...
Today we've highlighted three stocks that fall into the broad "technology" sector. Each of these three stocks is currently trading for less than $10 a share and holds a Zacks Rank 1 (Strong Buy) or 2 (Buy) at the moment.
Chipmaker Marvell Technology Group announced an agreement to buy Aquantia for $452 million in cash. The deal will add high-speed networking capabilities to Marvell's infrastructure systems.
Semiconductor company Marvell Technology Group Ltd. (NASDAQ: MRVL ) said Monday it reached an agreement to buy Aquantia Corp (NYSE: AQ ), a leader in Multi-Gig Ethernet connectivity, for $13.25 per share. ...
Marvell Technology Group Ltd. (NASDAQ: MRVL) stock is off to a hot start to 2019, but at least one large option trader made a big bearish bet that the rally has run out of some steam. On Wednesday morning, Benzinga Pro subscribers received options alerts after a series of three large Marvell option trades. The largest of the three orders was a trade for 11,588 Marvell call options at a $28 strike price that expire on June 21.
On CNBC's "Mad Money Lightning Round," Jim Cramer said Signet Jewelers Ltd. (NYSE: SIG ) needs to find its calling. He was not impressed by the last quarter and he wants to wait. Funko Inc ...