MRVL - Marvell Technology Group Ltd.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
32.98
+0.36 (+1.10%)
At close: 4:00PM EDT

33.00 +0.02 (0.06%)
After hours: 6:49PM EDT

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Performance Outlook
  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
    9M+
Previous Close32.62
Open32.35
Bid33.00 x 3000
Ask33.09 x 3100
Day's Range31.95 - 33.16
52 Week Range16.45 - 33.16
Volume12,063,229
Avg. Volume10,686,314
Market Cap21.869B
Beta (5Y Monthly)1.01
PE Ratio (TTM)14.09
EPS (TTM)2.34
Earnings DateAug 27, 2020 - Aug 31, 2020
Forward Dividend & Yield0.24 (0.74%)
Ex-Dividend DateApr 02, 2020
1y Target Est28.83
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
Fair Value
XX.XX
Overvalued
-19% Est. Return
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  • Why Marvell Technology Stock Jumped Today
    Motley Fool

    Why Marvell Technology Stock Jumped Today

    Shares of Marvell Technology (NASDAQ: MRVL) have jumped today, up by 6% as of 12:50 p.m. EDT, after the company reported fiscal first-quarter earnings. Marvell generated $176 million in operating cash flow and finished the quarter with $668 million in cash on the balance sheet. "In a challenging environment, solid execution by the Marvell team drove strong first quarter financial results with disciplined operating expense management, healthy operating cash flow, and revenue above the mid-point of guidance, enabled by stronger demand for our networking products from the datacenter and 5G infrastructure end markets," CEO Matt Murphy said in a statement.

  • Marvell Technology Group Ltd (MRVL) Q1 2020 Earnings Call Transcript
    Motley Fool

    Marvell Technology Group Ltd (MRVL) Q1 2020 Earnings Call Transcript

    MRVL earnings call for the period ending May 2, 2020.

  • Marvell's (MRVL) Q1 Earnings & Revenues Surpass Estimates
    Zacks

    Marvell's (MRVL) Q1 Earnings & Revenues Surpass Estimates

    Strong demand for its networking products from the datacenter and 5G infrastructure end markets drive Marvell's (MRVL) fiscal Q1 results.

  • Thomson Reuters StreetEvents

    Edited Transcript of MRVL earnings conference call or presentation 28-May-20 8:45pm GMT

    Q1 2021 Marvell Technology Group Ltd Earnings Call

  • Marvell Technology (MRVL) Surpasses Q1 Earnings and Revenue Estimates
    Zacks

    Marvell Technology (MRVL) Surpasses Q1 Earnings and Revenue Estimates

    Marvell (MRVL) delivered earnings and revenue surprises of 28.57% and 2.34%, respectively, for the quarter ended April 2020. Do the numbers hold clues to what lies ahead for the stock?

  • Marvell Technology Tops First-Quarter Goals On Data Center, 5G Lift
    Investor's Business Daily

    Marvell Technology Tops First-Quarter Goals On Data Center, 5G Lift

    Chipmaker Marvell Technology late Thursday beat Wall Street's estimates for its fiscal first quarter ended May 2. The Marvell earnings report sent MRVL stock higher in extended trading.

  • MarketWatch

    Marvell shares rise after topping Wall Street expectations

    Marvell Technology Group Ltd shares rose 5.8% in the extended session Thursday after the company topped adjusted earnings expectations. The company reported a first-quarter loss of $133 million, or 17 cents a share, compared with a net loss of $48.5 million, or 7 cents a share, in the year-ago period. Adjusted for amortization of intangible assets, among other items, earnings were 18 cents a share. Revenue rose to $693.6 million from $662.5 million in the year-ago period. Analysts surveyed by FactSet had estimated adjusted earnings of 14 cents a share on revenue of $679.6 million. For the second quarter, analysts expect earnings of 16 cents a share and sales of $686 million. Marvell said it expects second-quarter adjusted earnings of 17 cents to 23 cents a share and revenue that will be within 5% of $720 million. Marvell stock has gained 12.8% this year, with the S&P 500 index falling 6%.

  • TheStreet.com

    Marvell Rises on Solid Q1 Earnings Report

    Shares of Marvell jumped after hours Thursday after the communications semiconductor company reported fiscal first quarter results that topped estimates. The Bermuda-based company reported earnings of 18 cents per share on revenue that rose nearly 5% year over year to $693.

  • ACCESSWIRE

    Marvell Technology Group Ltd. to Host Earnings Call

    NEW YORK, NY / ACCESSWIRE / May 28, 2020 / Marvell Technology Group Ltd. (NASDAQ:MRVL) will be discussing their earnings results in their 2021 First Quarter Earnings call to be held on May 28, 2020 at ...

  • Marvell Technology (MRVL) Expected to Beat Earnings Estimates: Should You Buy?
    Zacks

    Marvell Technology (MRVL) Expected to Beat Earnings Estimates: Should You Buy?

    Marvell (MRVL) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • What to Expect When Marvell Technology Reports Thursday
    TheStreet.com

    What to Expect When Marvell Technology Reports Thursday

    Costco in anger as it became clear during the height of the pandemic that their e-commerce business would not come close to competing in my area with the level of effectiveness displayed by both Amazon and Walmart . Been there a while, I'm up 20% so Marvell Technology did not hurt me, but I don't write on it much.

  • GuruFocus.com

    5 Companies Reach 52-Week Highs

    These stocks achieve annual milestone Continue reading...

  • Marvell (MRVL) to Post Q1 Earnings: What's in the Offing?
    Zacks

    Marvell (MRVL) to Post Q1 Earnings: What's in the Offing?

    Marvell's (MRVL) fiscal first-quarter earnings are likely to have gained from the Avera and Aquantia buyouts. However, coronavirus-led demand disruptions might have affected the storage unit.

  • Marvell Celebrates 25 Years of Technology Innovation
    PR Newswire

    Marvell Celebrates 25 Years of Technology Innovation

    Marvell (NASDAQ: MRVL) today unveiled its new brand, celebrating the company's 25-year anniversary and marking a milestone in its transformation to focus on semiconductor solutions for data infrastructure. The critical nature of that infrastructure has never been more evident than during the current crisis, as it keeps people connected, businesses running, and information flowing. In partnership with the world's leading technology companies, Marvell delivers the essential building blocks that keep the planet running. The company's new brand identity is a symbol of change and represents a new Marvell poised to power what comes next.

  • Marvell Technology (MRVL) Stock Moves -0.76%: What You Should Know
    Zacks

    Marvell Technology (MRVL) Stock Moves -0.76%: What You Should Know

    Marvell Technology (MRVL) closed the most recent trading day at $27.37, moving -0.76% from the previous trading session.

  • 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 the most recent trading day at $26.41, moving +0.27% from the previous trading session.

  • Marvell Technology Group Ltd.'s (NASDAQ:MRVL) Stock Is Going Strong: Is the Market Following Fundamentals?
    Simply Wall St.

    Marvell Technology Group Ltd.'s (NASDAQ:MRVL) Stock Is Going Strong: Is the Market Following Fundamentals?

    Most readers would already be aware that Marvell Technology Group's (NASDAQ:MRVL) stock increased significantly by 39...

  • Marvell Integrates Ethernet Adapters Into VMWare vSPhere
    Zacks

    Marvell Integrates Ethernet Adapters Into VMWare vSPhere

    Marvell's (MRVL) move to bring its Fibre Channel and Ethernet adapters into vSphere 7.0 aims to meet the evolving requirements of the data center.

  • 3 5G Stocks With Double Digit Upside Potential
    TipRanks

    3 5G Stocks With Double Digit Upside Potential

    In 2008, in the midst of the financial crisis, we learned that some banks were considered “too big to fail.” The phrase was used to justify the controversial Troubled Asset Relief Program, which funneled money to the giant Wall Street firms to keep them solvent.Today, we’re bracing for the Coronavirus Recession – if it hasn’t arrived already. But times are different, and now we’re likely to find out that some trends are too transformational to derail – not even the coronavirus pandemic will stop them. The switchover to 5G is one of these. The technology has been available since 2017, and the networks started going online in 2019. 5G promises faster wireless internet access, with greater bandwidth and less latency, and is seen by some tech sector experts as the future of communications.T-Mobile, AT&T, and Verizon have all rolled out 5G networks in the US, and 5G capable smartphones hit the markets last year (Samsung offers three such devices in the Galaxy line). The COVID-19 epidemic has slowed the advance of the new tech, mainly by shutting down the infrastructure work required to support the new network and by forcing delays in the launch of the latest 5G smartphones (for example, Apple normally announced new smartphone models in September, but there are reports that the iPhone 12 will be pushed back two months).With 5G still on the horizon, even if that horizon is slightly more distant than anticipated, the tech sector is going to attract investors. Semiconductor chip makers, providing the microchips essential to all aspects of the 5G networks – from the transmitters to the towers to the handsets and more – will be on the front lines of the gains.Investment research firm Craig-Hallum has tapped three such stocks as primed for big gains in 2H20; we’ve used the TipRanks database to pull the details.Qorvo, Inc. (QRVO)Qorvo is a well-known chip maker in the wireless niche. The company is best known for integrated circuits for communications apps – the chips that let your PCs, tablets, and smartphones connect to wifi networks. The company’s chips are used in cordless phones, industrial radio, remote meter readings, and wireless security.Qorvo’s position as a chip supplier for 5G devices, however, supported the company’s fiscal Q3 2020 results. The company showed solid sales in wifi and 5G components, while the popularity of Qorvo chips in the Chinese, Japanese, and Korean markets – all of which are moving steadily into 5G – helped quarterly revenue rise 4.4% year-over-year. The company’s Mobile Products division was both deeply connected to 5G and a main driver of QRVO’s gains.5-star analyst Anthony Stoss, reviewing QRVO for Craig-Hallum, sees the current COVID-19 containment measures presenting a possible long-term gain for Qorvo stock. He writes, “With the world currently moving online, networks are being constrained. Countries/governments as well as businesses are now aggressively pushing to roll out 5G… We think QRVO will benefit from a faster 5G rollout as they should see higher content in 5G phones as well as 5G base stations.”Stoss gives QRVO shares a $100 price target and a Buy rating. His target suggests an upside potential this year of 16%. (To watch Stoss’ track record, click here)The Street largely seems to echo Stoss’ positive sentiment, considering TipRanks analytics showcase QRVO as a Buy. Out of 18 analysts tracked by TipRanks in the last 3 months, 11 are bullish on Qorvo stock, while 7 remain sidelined. With a potential upside of 30%, the stock’s consensus target price stands at $112.27. (See Qorvo stock analysis on TipRanks)Skyworks Solutions (SWKS)Next on our list is Skyworks, a mid-cap semiconductor maker that is a major supplier to Apple’s iPhone line. Skyworks is a well-regarded company with quality products, but it does provide a lesson in the dangers of over-specialization: it brought in 51% of its total 2019 revenue from Apple. Skyworks had trouble gaining traction through much of 2019, until Apple started gaining solidly in final third of the year.That weakness can also be a source of strength. As a major chip supplier for the iPhone line, Skyworks shares the 900-million strong – and very loyal – Apple customer base. And with Apple preparing to release 5G capable iPhones later this year, even if they arrive late, Skyworks is looking at strong demand for its own products in 2H20.Skyworks has at least one other latent advantage, as well. Its manufacturing facilities are US-based. When COVID-19 epidemic restrictions are lifted, that domestic supply chain will have an easier recovery than competitor companies with greater international exposure.In his review of SWKS, Craig-Hallum's Anthony Stoss sees Skyworks’ Apple exposure as a possible risk, but one that is outweighed by the company’s overall strong outlook in 5G and Wifi 6 products. He writes of the company, “We think SWKS will benefit from a faster 5G rollout as they should see higher content in 5G phones as well as 5G base stations. Additionally, with people moving to work from home and students moving to online learning, we see rising demand for better Wi-Fi connectivity as well. SWKS should benefit as Wi-Fi 6 adoption ramps up.”Stoss backs his Buy rating on SWKS with a $110 price target, indicative of a 15% upside potential over the next 12 months. (To watch Stoss’ track record, click here)All in all, Wall Street sizes up Skyworks as a ‘Moderate Buy’ stock, as the bulls edge out the cautious on the chip maker. In the last 3 months, SWKS has received 15 bullish Buy ratings versus 6 Holds. The consensus price target of $116.44 hints there could be 22% upside for investors, with the stock fetching $95. (See Skyworks stock analysis on TipRanks)Marvell Technology (MRVL)Last on our list is Marvell, a smaller name in the semiconductor chip market. This Silicon Valley company brought in $2.86 billion in revenues last year, realizing $179 million in profits. Marvell operates in 14 countries around the world and even after recent share losses boasts a market cap of $16.1 billion.More importantly, Marvell boasts a strong industry position, bolstered by recent partnership agreements with major handset makers Samsung and Nokia. Marvell will provide the chips needed to power the new 5G devices by both companies. The Finnish device maker is getting ready to release a line of 5G products, and has said that Marvell’s role will be to “solve its 5G chip problems.” And by locking in a 5G agreement with Samsung, one of the world’s largest smartphone makers, Marvell has secured its position against competitors. Market watchers describe Marvell’s Samsung and Nokia agreements as ‘major wins.’Guaranteeing major customers just ahead of their 5G device rollouts puts Marvell in a solid position in the semiconductor field. The news comes after the company beat its Q4 revenue and EPS forecasts; the combination of good news helps explain why, in the same time that the overall markets have dropped 17%, shares in MRVL has only slipped a net of 3.4%.5-star Craig-Hallum analyst Christian Schwab points out that MRVL’s forward guidance has already taken COVID-19 disruptions into account, and is rosy otherwise. He writes, “The company’s Q1 revenue guidance is ~5% lower than it would have been without any impact from the virus.” Schwab also points out that the partnerships with Samsung and Nokia will propel Marvell for the long term: “The company highlighted it has begun the ramp of Samsung’s first generation 5G processor, won their next generation 5G baseband processor, and announced a deeper collaboration with the customer. Nokia also announced earlier yesterday a broadening relationship for the development of multiple generations of 5G infrastructure processors. 5G business with Nokia is expected to ramp largely in 2021.”Schwab’s $30 price target implies a 16% upside for the stock and backs up his Buy rating. (To watch Schwab’s track record, click here)All in all MRVL shares have a Strong Buy from the analyst consensus, based on no fewer than 12 Buy ratings overbalancing 2 Holds and 1 Sell. Meanwhile, the $28.79 average price target suggests that there is room here for a 11% upside potential. (See Marvell stock analysis on TipRanks)To find good ideas for 5G stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.

  • Nvidia, Marvell, Monolithic Are Oppenheimer's Top Picks Ahead Of Semiconductor Earnings
    Benzinga

    Nvidia, Marvell, Monolithic Are Oppenheimer's Top Picks Ahead Of Semiconductor Earnings

    The unfolding first-quarter reporting season is fraught with a lot of uncertainties from the COVID-19 pandemic.With chip companies expected to start reporting earnings this month, an analyst at Oppenheimer previewed what could be in store for the companies in its coverage universe.The Semiconductor Analyst Oppenheimer analyst Rick Schafer named NVIDIA Corporation (NASDAQ: NVDA), Marvell Technology Group Ltd. (NASDAQ: MRVL) and Monolithic Power Systems, Inc. (NASDAQ: MPWR) as his top picks.The analyst has the following ratings and price targets for his top picks: * Nvidia: Outperform/$350 * Marvell: Outperform/$30 * Monolithic: Outperform/$200The Semiconductor Thesis As the COVID-19 pandemic remains dynamic, there is likely to be near-term uncertainty for most semiconductor companies, Schafer said in a note. (See his track record here.)Supply-side concerns in China and Asia have largely abated, with labor recovering and manufacturing returning to normal in the second quarter, the analyst said. The concerns are now around demand as worldwide shutdowns shift spending patterns, he said. The coronavirus has disrupted what could have been a cyclical recovery in 2020 following a 12% drop in 2019, Schafer said. See also: Why BofA Says AMD, Nvidia Are High-Quality, High-Beta Stocks In A Volatile Market Mixed End Market Signals With automotive production nearing a standstill, Schafer forecast a low-single digit decline in semiconductor auto revenues if the seasonally adjusted annual rate of auto sales declines 10%. If the SAAR remains flat, increasing semiconductor content in cars could support high-single-digit growth, the analyst said. The prospects for the data center and cloud segments remaini strong and the most insulated, given an increase in data traffic due to working from home, he said. Schafer said he expects data center and cloud spending to cool later this year or early 2021 as hyperscalers digest new capacity.The analyst estimates mid-single-digit growth in server units in 2020, with Advanced Micro Devices, Inc. (NASDAQ: AMD) continuing to gain share from Intel Corporation's (NASDAQ: INTC) delayed 10nm server CPU.Nvidia is expected to benefit from an acceleration in AI-accelerator attach, he said.Oppenheimer is expecting a 10% year-over-year decline in smartphone unit shipments due to a decline in 4G smartphones and a potential delay in the iPhone 12 launch. The firm sees a downward bias to semiconductor estimates due to an acceleration in order cancellations into the summer. Data center, cloud and 5G RAN should remain relatively resilient, Schafer said. Oppenheimer likes Nvidia, Marvell and Monolithic Power for their structural growth, but sees risk to smartphone names and analog semis, the analyst said. Semiconductor Price Action The iShares S&P NA Tec. Semi. Idx. Fd. (NASDAQ: SOXX) was up 0.78% at $231.40 at the close Friday.Related Link: Despite Near-Term Volatility, Nvidia Analyst Remains Bullish On Data Center Positioning, Gaming Dominance Latest Ratings for NVDA DateFirmActionFromTo Apr 2020UBSMaintainsBuy Mar 2020SusquehannaMaintainsPositive Mar 2020NeedhamUpgradesHoldBuy View More Analyst Ratings for NVDA View the Latest Analyst Ratings See more from Benzinga * Despite Near-Term Volatility, Nvidia Analyst Remains Bullish On Data Center Positioning, Gaming Dominance * Nvidia Analyst Says Pandemic Creates More Data Center Demand(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • Marvell Enables NVMe over Fabrics Storage Disaggregation for VMware Virtualized Data Centers
    PR Newswire

    Marvell Enables NVMe over Fabrics Storage Disaggregation for VMware Virtualized Data Centers

    Marvell (NASDAQ: MRVL) today announced that its QLogic® Fibre Channel and FastLinQ® Ethernet adapter solutions enable NVMe™ over Fabrics (NVMe-oF™) technology in VMware vSphere 7.0. As data growth continues to skyrocket, data centers are grappling with increasing power consumption, complexity and cost associated with the demand for greater storage bandwidth and capacity. The integration of Marvell's Fibre Channel and Ethernet adapters into vSphere 7.0 allows low-latency, high-performance NVMe flash storage to be effectively shared, pooled and managed across a fabric resulting in cost-efficient enterprise and hybrid cloud data center scale-out architectures.

  • Marvell Technology (MRVL) Stock Moves -1.49%: What You Should Know
    Zacks

    Marvell Technology (MRVL) Stock Moves -1.49%: What You Should Know

    Marvell Technology (MRVL) closed at $25.15 in the latest trading session, marking a -1.49% move from the prior day.

  • Why Is Marvell (MRVL) Down 9.2% Since Last Earnings Report?
    Zacks

    Why Is Marvell (MRVL) Down 9.2% Since Last Earnings Report?

    Marvell (MRVL) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.