AllAnalyst Report
logoMorningstarDecember 18, 2020

Marvell Technology Group Ltd.: Q3 Results Are in Line for Marvell; Raising Fair Value Estimate to $30

Symbols
MRVL
Sector(s)
Technology
Rating
Premium
Current Price
$41.51
Fair Value
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Economic Moat
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Stewardship
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Summary

Marvell Technology designs integrated circuits primarily for data storage, networking, and communications. Historically, the firm focused on storage, where it is still a key supplier to hard-disk drive and solid-state drive makers but has strategically emphasized networking to offset declining HDD technology. The firm has since diversified via acquisitions and supplies chips to the networking and consumer electronic spaces. Marvell outsources its production to third-party foundries.

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Analyst Profile

Abhinav Davuluri

Sector Strategist
Abhinav Davuluri, CFA, is a sector strategist for Morningstar Research Services LLC, a wholly owned subsidiary of Morningstar, Inc. He covers microprocessors, wafer manufacturing equipment, and other companies in the semiconductor space.Before joining Morningstar in 2015, Davuluri spent two years as a process engineer for Intel.Davuluri holds a bachelor’s degree in chemical engineering from the University of Michigan. He also holds the Chartered Financial Analyst® designation.