|Bid||25.99 x 2900|
|Ask||26.00 x 3000|
|Day's Range||25.55 - 26.18|
|52 Week Range||14.34 - 26.18|
|Beta (3Y Monthly)||1.46|
|PE Ratio (TTM)||N/A|
|Earnings Date||Sep 4, 2019 - Sep 9, 2019|
|Forward Dividend & Yield||0.24 (0.94%)|
|1y Target Est||27.29|
Let's talk about the popular Marvell Technology Group Ltd. (NASDAQ:MRVL). The company's shares led the NASDAQGS...
SANTA CLARA, Calif. , July 1, 2019 /PRNewswire/ -- Marvell Technology Group Ltd. (NASDAQ: MRVL), a leader in infrastructure semiconductor solutions, today announced a quarterly dividend of $0.06 per share ...
(Bloomberg) -- Huawei Technologies Co. stole trade secrets from a company co-founded by a former employee, a U.S. jury said Wednesday as it rejected claims that China’s largest technology company was the real victim in the dispute.The jury in Sherman, Texas, said Huawei didn’t benefit from the theft and awarded no damages to the startup, CNEX Labs Inc. Still, the verdict following a three-week trial could provide ammunition to critics who say Huawei doesn’t play by the rules in the global technology playground.Huawei said it was evaluating the verdict. “We are disappointed that the jury didn’t support Huawei’s claims based on the evidence,” Jason Ding, director of the company’s intellectual property rights department, told reporters at its Shenzhen base on Thursday.Huawei and CNEX had each accused the other of stealing inside information regarding data storage. The eight-person jury heard testimony involving dueling tales of intrigue, disloyalty and corporate espionage. The trial featured an inside look at the Chinese maker of smartphones and networking gear, as well as the sometimes cutthroat battle over highly skilled employees with the talent to develop the next generation of technology.Overshadowing the case is Huawei’s position firmly in the middle of the trade conflict between the U.S. and China, with President Donald Trump seeking to sharply curtail the company’s ability to do business. In the U.S., Huawei is fighting a criminal indictment that accuses it of stealing critical phone-testing technology from T-Mobile US Inc.The trial in Sherman, about an hour north of Dallas, marks a rare instance in which Huawei has accused a former employee of stealing secrets.The dispute concerns solid-state drives, which are made up of chips called Nand flash memory that store information on semiconductors. They access data much more quickly than traditional magnetic disk-based technology.For CNEX, its reputation and relationships with technology companies like Microsoft Corp. were at stake. The company is working to develop a method to make the drives faster and cheaper, a crucial need when it comes to storing and retrieving the massive amounts of data kept on cloud storage.“Because we are a new business without revenue or profits, the jury was not able to award CNEX any money damages,” Matthew Gloss, general counsel for CNEX, said in a statement following the verdict.“This case was never about the money,” he said after the hearing. “The case was about saving the company.”Huawei lawyers at the trial had no comment and company officials didn’t immediately respond to queries seeking comment. The jury said that Huawei, but not its U.S. research unit Futurewei Technologies Inc., had stolen CNEX trade secrets. The jury found that CNEX had not proved that either of the companies were “unjustly enriched.” Gloss said it was because CNEX was able to get its product sample back quickly.Founded StartupCNEX was founded in 2013 by two former Marvell Technology Group Ltd. executives and researcher Yiren “Ronnie” Huang, whose previous job at Futurewei in California was at the heart of the trial.Huawei claimed that Huang had wanted to set up his own business but couldn’t get backing so joined Futurewei in 2011. While there, according to Huawei, Huang used a team to develop new technology for the storage devices and then left the company to help start CNEX three days later. There, he and other CNEX founders claimed Huawei’s ideas as their own and poached other Huawei employees, Huawei claimed.The jury found there were no Huawei trade secrets in the case. CNEX had argued that anything Huawei claimed was secret was actually public information.Huang, who is on leave from CNEX, said he came up with the ideas long before joining Futurewei, and left when he realized the company didn’t have much to offer.The jury found that Huang was in violation of his employment agreement’s patent application disclosure provision, but that Futurewei wasn’t harmed by that failure. Huawei had said Huang began seeking patents in the months after joining CNEX, and told the jury it was based on work he had done at Futurewei.CEO TestifiedCNEX Chief Executive Officer Alan Armstrong said he asked Huang to help found CNEX after being introduced by a mutual friend because of Huang’s work with other companies. Any former Huawei employees who joined CNEX did so because they were “very unhappy where they were working and wanted to come to a startup,” Armstrong told the jury.CNEX contends that Huawei posed as a potential customer to get secret details of its plans and, when that didn’t work, persuaded Xiamen University to work as a research partner with CNEX so it could surreptitiously turn over plans.District Court Judge Amos Mazzant, who presided over the trial, also is overseeing a Huawei lawsuit against the U.S. government. The company is asking Mazzant to rule that a ban on federal agencies and contractors buying its gear is unconstitutional.The case is Huawei Technologies Co. v. Huang, 17-893, U.S. District Court for the Eastern District of Texas (Sherman)(Updates with Huawei’s reaction to verdict in the third paragraph.)\--With assistance from Gao Yuan.To contact the reporters on this story: Susan Decker in Washington at firstname.lastname@example.org;Dennis Robertson in Sherman, Texas at email@example.comTo contact the editors responsible for this story: Jon Morgan at firstname.lastname@example.org, John Harney, Robert JamesonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
You probably know from experience that there is not as much information on small-cap companies as there is on large companies. Of course, this makes it really hard and difficult for individual investors to make proper and accurate analysis of certain small-cap companies. However, well-known and successful hedge fund managers like Jeff Ubben, George Soros […]
NXP Semiconductors (NXPI) is buying Marvell's (MRVL) wireless connectivity business for $1.8 billion. The business that NXP is purchasing from Marvell consists of Wi-Fi and Bluetooth assets.
Marvell Technology Group Ltd NASDAQ/NGS:MRVLView full report here! Summary * Bearish sentiment is moderate and declining Bearish sentimentShort interest | PositiveShort interest is moderate for MRVL with between 5 and 10% of shares outstanding currently on loan. However, this was an improvement in sentiment as investors who seek to profit from falling equity prices reduced their short positions on June 7. Money flowETF/Index ownership | NeutralETF activity is neutral. ETFs that hold MRVL had net inflows of $3.10 billion over the last one-month. While these are not among the highest inflows of the last year, the rate of inflow is increasing. 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.
Demand for next-generation 5G devices is on the rise, according to DigiTimes: Taiwan-based integrated circuit design houses are seeing a slowing pace in 4G orders, the publication said Friday. U.S. stocks ...
Could Marvell Technology Group Ltd. (NASDAQ:MRVL) be an attractive dividend share to own for the long haul? Investors...
The iShares S&P NA Tec. Semi. Idx. Fd. (NASDAQ: SOXX ) ETF has bounced back in the past week, gaining 5.3 percent after a trade war sell-off in May. Semiconductor stocks were certainly on at least one ...
In his second "Executive Decision" segment of Mad Money Monday night, our own Jim Cramer also sat down with Matt Murphy, president and CEO of Marvell Technology Group Ltd. In the daily bar chart of MRVL, below, we can see that prices made their low in late December like many companies. The daily On-Balance-Volume (OBV) line shows a rise from September and tells us that buyers of MRVL have been more aggressive for several months -- even during the August-December weakness.
Remember last week, when the technology sector was slammed lower on worries over higher regulatory scrutiny? Wall Street apparently doesn't, as stocks in the sector are zooming higher after the Nasdaq Composite dramatically tested below its 200-day moving average.All it took was some dovish chatter from the Federal Reserve to turn sentiment around in a big way. Also helping was over-the-weekend news that President Donald Trump's Administration had reached an agreement with Mexico, relieving the risk of fresh import tariffs. * 7 Stocks to Buy As They Hit 52-Week Lows Some impressive rallies are under way, particularly in stocks poised to benefit from the coming launch of new video game hardware in 2020. Here are four stocks worth a look:InvestorPlace - Stock Market News, Stock Advice & Trading Tips Advanced Micro Devices (AMD)Shares of GPU/CPU maker Advanced Micro Devices (NASDAQ:AMD) are zooming higher, pushing up and over the prior highs set last September to return to levels last seen in 2006. This comes as hype builds for the new Xbox and PlayStation game consoles from Microsoft (NASDAQ:MSFT) and Sony (NYSE:SNE) next year. Both are using AMD's hardware to power their devices.The company will next report result son July 24 after the close. Analysts are looking for earnings of eight cents per share on revenues of $1.5 billion. When the company last reported on April 30, earnings of six cents per share matched estimates despite a 22.8% decline in revenues. Microsoft (MSFT)Microsoft stock is breaking up and out of a three-month consolidation range to hit new highs as hype builds for "Project Scarlett" -- the company's new Xbox console. At the 2019 E3 show, executives showcases 60 new games for both its console and the PC including Halo Infinite. The new Xbox, capable of 8K resolution, is poised to debut in late 2020. * 7 S&P 500 Dividend Stocks to Buy at Least Yielding 3% The company will next report results on July 18 after the close. Analysts are looking for earnings of $1.21 per share on revenues of $32.8 billion. When the company last reported on April 24, earnings of $1.14 beat estimates by 14 cents on a 14% rise in revenues. Marvell Technology Group (MRVL)Shares of Marvell Technology Group (NASDAQ:MRVL), maker of digital and analog components for everything from hard drives to Wi-Fi cards, are rebounding to challenge the highs set in late April. This marks nearly a double off of the lows seen in late December. This also represents another challenge of the highs seen in late 2017 and early 2018.The company will next report results on Sept. 5 after the close. Analysts are looking for earnings of 15 cents per share on revenues of $654 million. When the company last reported on May 30, earnings of 16 cents beat estimates by two cents on a 9.5% rise in revenues. eBay (EBAY)eBay (NASDAQ:EBAY) shares are pushing up and out of a five-month consolidation range, pushing to highs not seen since early 2018 and capping a rise of nearly 50% off of its December lows. Rumors have been circulating in recent weeks that the company could soon start accepting cryptocurrencies. Investors have been focusing on improved margin profile, which drove recent earnings upside surprise. * 10 Stocks to Buy That Could Be Takeover Targets The company will next report results on July 17 after the close. Analysts are looking for earnings of 62 cents per share on revenues of $2.7 billion. When the company last reported on April 23, earnings of 67 cents per share beat results by four cents on a 2.4% rise in revenues.As of this writing, William Roth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Stocks to Buy As They Hit 52-Week Lows * 4 Antitrust Tech Stocks to Keep an Eye On * 5 Gold and Silver Stocks Touching Intraday Highs Compare Brokers The post 4 Technology Stocks Blasting Higher appeared first on InvestorPlace.
The government requires hedge funds and wealthy investors that crossed the $100 million equity holdings threshold are required to file a report that shows their positions at the end of every quarter. Even though it isn't the intention, these filings level the playing field for ordinary investors. The latest round of 13F filings disclosed the […]
Marvell (MRVL) stretches its alliance with SoftBank Group subsidiary, Arm, to expedite the development of its ThunderX embedded processors.
- Includes Substantial Investment from Arm for Marvell ThunderX Development - Both Companies Agree to Commit Dedicated Resources and Collaborate through 2022 SANTA CLARA, Calif. , June 5, 2019 /PRNewswire/ ...
Cypress Semiconductor Corp (CY) is up roughly 25% this morning after news was released of a $9.4 billion deal with Infineon Technology's (IFNNY).
Shares have taken a beating recently. In fact, President Trump declared trade war on a new front Thursday, proposing a 5% tariff on all goods imported from Mexico, beginning June 10. In lieu of agreement between the U.S. and its neighbor to the south, the tariff would gradually increase to 25% by October. That’s on top of continued tension with China.This continued global economic uncertainty sent investors looking for security in bonds. Short-term rates moved so low on Wednesday that the yield on 3-month bills T-bills was 14 basis points below 10-year notes, which is a level of inversion that hasn’t been experienced since the Financial Crisis. Bond investors are not always right, obviously, but an inverted yield curve is generally viewed as a signal that a recession could materialize in the next year or so. However not all is lost. There are still plenty of compelling investing opportunities out there. You just have to know where to look. Here we delve into the Street’s best-rated trending stocks right now. In other words, these are five of the stocks that have received the most buy ratings from analysts over the last seven days. View Trending Stocks detailSo what is driving this particularly bullish Street sentiment? Let’s take a closer look at these five top stocks: 1\. BioMarin Pharmaceutical Inc (BMRN – Research Report) BioMarin is buzzing right now. This pharma company has just received 11 back-to-back analyst buy ratings in just the last week. Analysts applauded a critical update from BioMarin’s Ph. I/II clinical study of valrox in patients with hemophilia A as well as initial data from the Ph. III study.Valrox is BioMarin’s gene therapy for hemophilia A, which management anticipates should receive regulatory approval in the third quarter of 2020. Working backwards, this would suggest an application submission in Q1’20. “We expect these data to support accelerated approval, and drive adoption” writes top-rated Cowen & Co analyst Phil Nadeau on May 28. He has a $150 price target on shares, indicating significant upside potential of 82%. “While valrox's launch trajectory remains uncertain, there is little question that Hem A is a large market and BioMarin estimates that overall there are 117K hemophilia A patients in its territories with 18K in North America alone” points out the analyst.This means that even modest penetration with a price point around $2MM would represent significant revenue, as ~$1B in sales could be achieved for every 500 adult patients treated. “Therefore valrox should soon become a growth driver for BioMarin” sums up Nadeau. See what other Top Analysts are saying about BMRN. 2\. Dollar General Corp (DG – Research Report) Leading US discount retailer Dollar General has rallied 5% in the last five days, bringing its total year-to-date gain to an impressive 18%. The company has just reported stellar results for the first quarter with both comps and margins modestly above expectations. The result: eight consecutive buy ratings from the Street. “We remain buyers given our bullishness on DG’s defensive growth characteristics” writes RBC Capital analyst Scot Ciccarelli. “While mix and transportation costs continue to weigh on GMs and investments in initiatives like DG Fresh and Fast Track will pressure SG&A this year, these strategies (and several others) are helping drive solid sales growth” explains the analyst. While the year is clearly off to a good start, he believes management maintained guidance given the absorption of recent tariff increases, ongoing tariff uncertainty and 3/4 of the year still in front of us. Nonetheless, Ciccarelli still decides to boost his price target from $133 to $139 (9% upside potential). However, the highest price target comes from Buckingham Research’s Bob Summers. Post-earnings the analyst boosted his price target considerably, from $125 to $152 (19% upside potential) citing the ‘powerful combination’ of a strong quarter and beneficial macro backdrop for discount retailers. See what other Top Analysts are saying about DG. 3\. Salesforce.com Inc (CRM – Research Report) Salesforce calls itself the world's 1 customer relationship management platform. And now it's crunch-time for the stock. On June 4, CRM will release its earnings results for the fiscal first quarter. Ahead of the print, analysts are optimistic about CRM’s outlook. Indeed five analysts have reiterated their buy ratings on the stock in the last week.Moness analyst Brian White sees prices spiking 29% to $195 in the coming months. He tells investors: “In a volatile market environment driven by growing trade tensions with China and now decisively spilling over into parts of the tech world, we believe SaaS vendors such as Salesforce remain attractive with a subscription-based model and strong secular cloud trends.” As for earnings, White is predicting strong 1Q:FY20 revenue forecast of $3.683 billion (up 23% YoY; Street is at $3.682 billion) and non-GAAP EPS estimate of $0.61 (Street is also at $0.61). Looking into 2Q:FY20, he is projecting sales of $3.921 billion with non-GAAP EPS rising to $0.69.A similarly bullish perspective comes from Piper Jaffray’s Alex Zukin: “We view CRM as the most attractive risk/reward in our coverage universe today.” Following positive checks with corporate tech buyers, he writes “Our checks suggest the company delivered results at or near internal plan” for the fiscal first-quarter. Plus CRM shares have dropped 8% in May- underperformed other software stocks in the analyst’s coverage universe. That makes now an appealing time to buy-in. As a result, Zukin reiterates his Salesforce buy rating and $180 price target (19% upside potential). See what other Top Analysts are saying about CRM. 4\. Apple Inc (AAPL – Research Report) Trade tensions have wreaked havoc with Apple- sending prices plunging 13% in May. But that has done little to dent the Street’s enthusiasm for Apple stock. Indeed, in the last seven days, four analysts have reiterated their AAPL Buy ratings. One of these analysts is five-star Tigress Financial analyst Ivan Feinseth. “We reiterate our Strong Buy rating on AAPL as it continues to create value from its ecosystem with the launch of its key Services initiatives and view the recent U.S.-China trade-related weakness as a major buying opportunity” advises Feinseth. According to the analyst, AAPL’s Services business segment continues to emerge as one of the company’s future drivers of growth and profitability. That’s with new initiatives like a gaming platform, a credit card, a news service, and a video streaming service.These should provide more continuity to its ecosystem and further monetize the close to one billion iPhone user base, says Feinseth. He doesn’t offer a price target, but he does write: “We believe significant upside in the shares exists from current levels.” The stock is on both the firm’s Research Focus List and its Focus Opportunity Portfolio. Meanwhile Webush’s Daniel Ives delves further into the US-China impact on Apple. He has a buy rating on the stock with a $235 price target (34% upside potential). “We continue to strongly believe that for a company that employees over 1 million Chinese workers with its flagship Foxconn factory and is a major strategic player within the China technology ecosystem that from a supply chain perspective Apple will not have major roadblocks ahead despite the loud noise” writes the analyst. In fact, Ives believes the biggest risk comes from pro-China sentiment negatively impacting demand, but argues that this situation is currently contained at around 3% to 5% of Chinese iPhone sales. “Taking a step back, we ultimately believe there is a low likelihood that Apple and its iPhones feel the brunt of the tariffs given its strategic importance domestically as well as Cook’s ability to navigate these issues in the past” he concludes. See what other Top Analysts are saying about AAPL. 5\. Marvell Technology Group (MRVL – Research Report) Shares in semiconductor manufacturing stock Marvell have exploded by 38% year-to-date. And now the company has just released its first quarter results. MRVL’s F1Q20 results were better than expected, but F2Q20 guidance was below expectations. The report reveals soft storage demand, although MRVL continues to expect a recovery in C2H20.However strong 5G momentum is keeping analysts and investors on-side. Most notably, MRVL announced two new 5G wireless base station design wins, which together are expected to increase MRVL's content per a base station by ~$500. As a result, six analysts have published buy ratings on Marvell in the last seven days, vs just 1 hold rating. “With two new 5G wireless base station design wins announced (first win generating rev in F4Q20) and a continued focus on high growth end markets with the Aquantia and Avera acquisitions and the divestiture of its WiFi business, we maintain our Buy and $28 PT” cheers Needham’s Quinn Bolton. From current levels that works out at 26% upside potential. Rosenblatt’s Hans Mosesmann backs up Bolton’s estimates. He has just ramped up his price target from $24 to $28, explaining: “All in, we believe Marvell’s strategic positioning has improved at a much faster than expected rate and as a result, we are increasing our PT to $28 from $24.” See what other Top Analysts are saying about MRVL.