Get Stock Quote Here Marvell Technology Group (MRVL) is a producer of storage, communications and consumer semiconductor products. The company was founded in 1995 and has approximately 7,000 employees. Marvell's U.S. operating headquarters is located in Santa Clara, California, and the company operates design centers in places including Canada, Europe, Israel, India, Singapore and China. Marvell is a fabless semiconductor company and ships more than one billion integrated circuits (known as "chips") per year. Its market segments include high volume storage, mobile and wireless, networking, consumer, and digital entertainment.
50MA just crossed over the 200MA a few days ago but the stock continued down. Could be lagging behind by a few days and about to head back up. Sitting right at the 50MA for some support right now, and more at $9.71 at the 200MA. Could bounce back up if the MA support levels hold.
Analysts at Credit Suisse upgraded Marvell Technology Group Ltd. (NASDAQ: MRVL) from Neutral to Outperform. The price target for Marvell Technology has been raised from $13.50 to $17.50. Marvell shares fell 2.58 percent to close at $12.83 on Tuesday.
Think this one might be a short tomorrow, see how the first 5 minutes trade. EPS this year is 0.30, but projections for next year are $1.23. Which is bad IF the projections are wrong. The guidance for next quarter is only in-line, so there's a chance projections might start coming down. Company has sold off/closed a couple of departments (multimedia solutions, ott multimedia platforms: source: https://www.fool.com/investing/2017/08/24/storage-and-networking-to-be-the-stars-of-marvell.aspx ), ostensibly to focus on higher-margin businesses. But we'll see if they can really quadruple earnings with a smaller company.
The investor sentiment is mixed. The stock fell 13% in the past six months as semiconductor companies are losing the momentum in the stock market. But some investors are very bullish about the company’s prospects in the Internet of Things (IoT), automotive cars, and big data.
Marvell Technology shares are trading higher after several analysts maintained bullish ratings on the stock and raised their price targets, respectively, following the company raising its long-term growth estimates. Oct 7, 2021 8:54a ET
the horse has left the barn. do not chase it. ================ Marvell Technology shares are trading higher after the company reported better-than-expected Q3 EPS and sales results and issued Q4 EPS and sales guidance above estimates. Dec 3, 2021 7:50a ET
Shares of semiconductor stocks are trading higher. Move is possibly due to continued strength following Taiwan Semiconductor earnings as well as a rotation out of software names. Jan 14, 2022 12:13p ET