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Marvell Technology Group, Ltd. (MRVL)

- NASDAQ
  • May 30, 2012, 5:44 PM
    More on Cisco: The company says it will announce products that support software-defined networking (SDN) at its June 10-14 CiscoLive conference. Cisco recently funded an in-house startup called Insieme that will develop SDN gear, which threatens to cannibalize sales of Cisco's proprietary, high-margin switches, but is also proving popular with Internet companies. The fact SDN switches tend to rely on off-the-shelf switching chips could benefit BRCM and MRVL.
    | May 30, 2012, 5:44 PM | Comment!
  • May 22, 2012, 10:08 AM
    Hard drive kingpins Seagate (STX -6.8%) and Western Digital (WDC -4.8%) trade lower following analyst commentary about high inventory levels. Controller chip suppliers LSI (LSI -6.7%) and Marvell (MRVL -2.3%) are falling in sympathy. (previous)
    | May 22, 2012, 10:08 AM | Comment!
  • May 18, 2012, 2:04 PM
    Up yesterday after beating FQ1 estimates and delivering decent FQ2 guidance, as well as announcing a dividend and new buybacks, Marvell (MRVL -2.2%) is now trading lower. Judging by how hard drive controller customers Seagate (STX -4.3%) and Western Digital (WDC -5.5%) are also selling off, the Street may have wanted hard drive demand to drive more FQ2 upside. Nomura (Reduce) is worried about the margin impact of a mix shift towards mobile baseband chips. (transcript) (also)
    | May 18, 2012, 2:04 PM | Comment!
  • May 17, 2012, 5:54 PM
    Marvell (MRVL) guides on its FQ1 earnings call (webcast) for 6%-12% Q/Q sales growth. That translates into a range of $843.8M-$891.5M, which compares favorably with an $854.1M consensus. MRVL +4.1% AH.
    | May 17, 2012, 5:54 PM | Comment!
  • May 17, 2012, 5:10 PM
    More on Marvell's FQ1: The chipmaker is initiating a $0.06/share dividend (good for a yield of 1.8%), and expanding its stock buyback authorization by $500M to $848M. Marvell attributes its strong FQ1 performance to a 25% Q/Q increase in TD-SCDMA baseband chip sales for phones on China Mobile's network, and rising sales of notebook hard drive controller chips. $223M worth of shares were repurchased during the quarter. MRVL +3.7% AH. (PR)
    | May 17, 2012, 5:10 PM | Comment!
  • May 17, 2012, 4:09 PM
    Marvell Technology (MRVL): Q1 EPS of $0.23 beats by $0.03. Revenue of $796M (-0.7% Y/Y) beats by $29M. Shares +1.5% AH. (PR)
    | May 17, 2012, 4:09 PM | Comment!
  • May 17, 2012, 12:10 AM
    Notable earnings after Thursday's close: ADSK, AMAT, ARO, ARUN, BRCD, CRM, GPS, INTU, MRVL, YOKU
    | May 17, 2012, 12:10 AM | Comment!
  • May 16, 2012, 5:35 PM
    Notable earnings after Thursday's close: ADSK, AMAT, ARO, ARUN, BRCD, CRM, GPS, INTU, MRVL, YOKU
    | May 16, 2012, 5:35 PM | 1 Comment
  • May 14, 2012, 5:07 PM
    More on David Tepper: The fund manager made big bets on tech in Q1. Tepper more than tripled his position in Apple (AAPL) to 685K shares, and boosted his Microsoft (MSFT) and Oracle (ORCL) positions by 500K and 1.1M shares, respectively. He also established new positions in GOOG, BRCM, FIO, EMC, NTAP, NUAN, MRVL, and SNDK. (13-F)
    | May 14, 2012, 5:07 PM | Comment!
  • May 9, 2012, 1:14 PM
    UBS' Uche Orji makes a bearish call on chip stocks, claiming the sector, which rallied from January-March before selling off in April, is "out of momentum" for now. He singles out Analog Devices (ADI -1.3%) and Marvell (MRVL -1.6%) for downgrades to Neutral, arguing the former's revenue momentum will stall due to the end of inventory replenishing, and the latter is vulnerable to competition in the solid-state drive and TD-SCDMA baseband chip markets.
    | May 9, 2012, 1:14 PM | Comment!
  • Apr. 23, 2012, 10:22 AM
    LSI (LSI +1%) edges higher on a down day after Barron's suggests the chipmaker could rally 50% (on top of its 31% YTD gain) on the back of strong demand for its hard drive and solid-state drive (SSD) controller chips - this market is dominated by LSI and MRVL. The growing adoption of cloud storage (I, II) is seen as a positive for LSI, as is a forward P/E of 10, a strong balance sheet, and improving margins.
    | Apr. 23, 2012, 10:22 AM | Comment!
  • Apr. 17, 2012, 12:18 PM
    Spreadtrum (SPRD -0.3%), hammered yesterday by a Morgan Stanley downgrade, underperforms today after BofA slashes its PT. The firm is worried about Spreadtrum's position in the TD-SCDMA smartphone market, where its baseband chips compete with solutions from QCOM, MRVL, and MediaTek. A competitive Spreadtrum chip is unlikely to ramp before Q4, and a MediaTek solution arriving in 1H13 will offer better price/performance.
    | Apr. 17, 2012, 12:18 PM | Comment!
  • Apr. 4, 2012, 4:24 PM
    PMC-Sierra (PMCS +8.5%) soared in late trading thanks to a report the telecom chipmaker recently held talks with potential buyers, though it's added a deal "is not considered imminent." PMC has been under pressure from activist firm Relational Investors to consider "strategic alternatives." Sources add rivals Broadcom (BRCM) and Marvell (MRVL) are "logical bidders" for PMC, though analysts think its exposure to legacy technologies such as SONET optical gear could be a problem.
    | Apr. 4, 2012, 4:24 PM | 1 Comment
  • Mar. 16, 2012, 10:40 AM
    More on Cisco's switch efforts: John Chambers recently affirmed Cisco's commitment to building switches using proprietary chips. However, the rapid growth of startups such as Nicira and Arista Networks, whose switches pair some form of software-defined networking with chips from the likes of Broadcom (BRCM) and Marvell (MRVL), suggests Cisco needs to offer a rival solution.
    | Mar. 16, 2012, 10:40 AM | Comment!
  • Mar. 15, 2012, 11:20 AM
    Citigroup says Marvell Technology (MRVL -0.7%) is worth a look at current levels, as the shares are likely to outperform over the near-term due to improving HDD momentum and China's decision to extend 3G life.
    | Mar. 15, 2012, 11:20 AM | Comment!
  • Mar. 14, 2012, 12:45 PM
    Nomura keeps a cautious tone with its analysis on Marvell (MRVL -1.9%), maintaining a Reduce rating and $13 price target. Analyst Romit Shah says that the read-through from LSI's guidance boost doesn't point to higher PC demand and finds the long-term margin profile troubling.
    | Mar. 14, 2012, 12:45 PM | Comment!
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Company Description
Marvell Technology Group Ltd is a fabless semiconductor provider of analog, mixed-signal, digital signal processing and embedded microprocessor integrated circuits.