|Bid||21.01 x 200|
|Ask||21.86 x 100|
|Day's Range||21.46 - 22.11|
|52 Week Range||14.87 - 25.18|
|PE Ratio (TTM)||20.64|
|Earnings Date||Aug 22, 2018 - Aug 27, 2018|
|Forward Dividend & Yield||0.24 (1.11%)|
|1y Target Est||27.65|
Semiconductor stocks have been the subject of unpredictable volatility so far this year, but with secular trends like the Internet of Things still on the rise, it is still an interesting time to be discovering chipmakers. With that said, we've found three already-strong stocks that are looking to benefit even more from further IoT growth in 2018!
Additionally, this was an improvement in sentiment as investors who seek to profit from falling equity prices reduced their short positions on July 10. Index (PMI) data, output in the Technology sector is rising.
SANTA CLARA, Calif., July 6, 2018 /PRNewswire/ -- Marvell Technology Group Ltd. (MRVL) today announced the completion of its acquisition of Cavium, Inc. The combination creates a leading semiconductor company focused on the infrastructure market, offering customers a portfolio of storage, processing, networking, wireless connectivity and security products whose breadth and depth are unmatched in the industry. "The next wave of semiconductor growth will be fueled by advancements in the data economy," said Matt Murphy, Marvell's President and Chief Executive Officer. "Applications such as AI, 5G, Cloud, automotive, and edge computing all require engineering solutions that combine high bandwidth, very low power consumption, and leadership in complex system on a chip solutions. As a combined company, we now offer industry-leading IP, a broad portfolio of infrastructure solutions, and a talented team of innovators ready to tackle our customers' toughest challenges.
Marvell Technology Inc.'s (MRVL) merger sparked gains on Thursday yielded substantial gains on options positions opened just three sessions earlier. On Tuesday, Investitute's tracking systems detected the purchase of 4,200 August $20 calls in one print for $1.23 with shares at $19.92. The investors may have bought the $20 calls, expiring on August 17, to capture Marvell management's expectation that the merger would close mid-2018.
Marvell (MRVL) will soon complete its previously announced acquisition of Cavium after receving final clearance from China's State Administration for Market Regulation.
Shares of chip maker Marvell Technology Group (MRVL) are up $1.65, or over 8%, at $21.77, after the company today announced it has received approval by China’s regulatory authorities to proceed with its $6 billion acquisition of Cavium (CAVM), a deal first proposed in November. Approval was a hotly watched topic of late, with some concern among investors that the ongoing trade tensions with China would indefinitely delay or possibly sabotage approval. Cavium shares are up $7.77, or almost 10%, at $87.23.
SANTA CLARA, Calif. , June 28, 2018 /PRNewswire/ -- Marvell (NASDAQ:MRVL), a leader in storage, networking and connectivity semiconductor solutions, today announced a quarterly dividend of $0.06 per ...
LONDON, UK / ACCESSWIRE / June 28, 2018 / If you want access to our free earnings report on Marvell Technology Group Ltd (NASDAQ: MRVL) ("Marvell"), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=MRVL. On May 31, 2018, Marvell reported financial results for the first quarter of 2019 ending May 05, 2018. The Company surpassed analysts' estimates for earnings as well as revenue in Q1 FY19.
SANTA CLARA, Calif., June 28, 2018 /PRNewswire/ -- Marvell (MRVL), a leader in storage, networking, and connectivity semiconductor solutions, today announced that China's State Administration for Market Regulation has approved the company's previously announced merger transaction with Cavium, Inc. The merger remains subject to customary closing conditions and Marvell currently expects the merger to close in July 2018. Marvell first revolutionized the digital storage industry by moving information at speeds never thought possible. With leading intellectual property and deep system-level knowledge, Marvell's semiconductor solutions continue to transform the enterprise, cloud, automotive, industrial, and consumer markets.
Marvell Techology Group Ltd. (NASDAQ: MRVL ) shares are attractive at today's levels and poised to benefit from growth trends in the data sector, according to Evercore ISI. The Analyst Evercore ISI analyst ...
Losses were broad based as seven out of nine sectors finished the trading session in red. WallStEquities.com has initiated research reports on the following Semiconductor - Integrated Circuits stocks: Marvell Technology Group Ltd (NASDAQ: MRVL), MaxLinear Inc. (NYSE: MXL), MoSys Inc. (NASDAQ: MOSY), and Resonant Inc. (NASDAQ: RESN).
Trump just smashed the epic chip stock rally to pieces. The Philadelphia Semiconductor Index, commonly known as the SOX Index, cratered 3.1% on Monday as Trump ratcheted up trade war rhetoric with key partners globally. Viewed as a leading indicator by many market watchers, the SOX Index is comprised of 30 or so companies mostly involved in the design, distribution, manufacture, and sale of semiconductors.
This article is intended for those of you who are at the beginning of your investing journey and want a simplistic look at the return on Marvell Technology Group LtdRead More...
Marvell (MRVL) announces pricing of public offering of $1-billion aggregate principal amount of senior notes to partly fund the cash consideration of the pending Cavium buyout.
SANTA CLARA, Calif., June 20, 2018 /PRNewswire/ -- Marvell (MRVL), a leader in storage, networking and connectivity semiconductor solutions, today announced that it priced an offering of $500 million aggregate principal amount of 4.200% Senior Notes due 2023 and $500 million aggregate principal amount of 4.875% Senior Notes due 2028. The debt offering is subject to customary closing conditions and is expected to close on or about June 22, 2018. Marvell intends to use a combination of the net proceeds from the debt offering, cash on hand, and borrowings under a new term loan facility to fund the cash consideration and other amounts payable in connection with Marvell's previously announced acquisition of Cavium, Inc.
Moody's Investors Service ("Moody's") assigned a Baa3 senior unsecured rating to the new Senior Notes of Marvell Technology Group Ltd. ("Marvell"). Proceeds from the Senior Notes and $1.05 billion of senior unsecured bank financing, balance sheet cash, and about $3.1 billion of newly-issued Marvell shares, will be used to fund Marvell's acquisition of Cavium, Inc. ("Cavium").
MARKET PULSE Cowen & Co. analyst Matthew Ramsey wrote Wednesday that his May readings from component suppliers in Taiwan delivered a "positive read through" for Advanced Micro Devices Inc. (amd) and Intel Corp.