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Marvell Technology Group, Ltd. (MRVL)

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  • 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.
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  • 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.
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  • 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.
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  • 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.
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  • 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.
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  • 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.
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  • Mar. 6, 2012, 12:57 PM
    Intel (INTC) rolls out its anticipated Romley server CPU platform, which it officially calls the Xeon E5-2600. Analysts believe Romley's built-in networking features could drive demand for 10G Ethernet switches, thereby benefiting both switch vendors such as CSCO and JNPR, and chipmakers such as BRCM and MRVL. SemiAccurate is quite impressed with Romley after running some tests.
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  • Mar. 1, 2012, 11:37 AM
    Spreadtrum (SPRD -3.1%), which tumbled yesterday due to the soft Q1 guidance (revenue of $158M-$163M vs. $172.1M consensus) accompanying its Q4 beat, falls some more after JPMorgan and Chardan Capital downgrade shares to Neutral. Spreadtrum attributed its guidance to a seasonal drop in orders for its 3G TD-SCDMA chips (used by phones on CHL's network), but there might also be fears of strong competition from MRVL.
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  • Feb. 24, 2012, 5:05 PM
    In a talk with GigaOm, Cisco's (CSCO) John Chambers vehemently denies that his company is looking to sell its set-top box business, echoing the remarks of a co-worker. Chambers also touts the uptake seen by Cisco's UCS servers, and suggests Cisco will continue to invest in its own switching chips, in spite of growing competition from solutions relying on chips from BRCM, MRVL, and others.
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  • Feb. 23, 2012, 4:31 PM
    More on Marvell Technologies (MRVL): 4Q beats lowered estimates despite a 64% drop in profit on weakness in the market for the chip maker's hard-drive components. Revenue dropped 18% Y/Y, extending a streak of lower earnings for the company over the past year, when broad economic uncertainty forced many electronics makers to cut back production. Shares +1.5% AH.
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  • Feb. 23, 2012, 4:12 PM
    Marvell Technologies (MRVL): Q4 EPS of $0.21 beats by $0.03. Revenue of $742M (-18% Y/Y) beats by $2M. (PR)
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  • Feb. 23, 2012, 12:10 AM
    Notable earnings after Thursday's close: ADSK, AGO, AIG, BIO, CBI, CRM, CROX, CUBE, DECK, FSLR, GPS, GTE, HLS, IAG, INT, LNG, LONG, MCP, MELI, MGA, MHK, MNST, MRVL, NDSN, PSA, SBAC, SD, SPN, TIVO, WBMD, WR, XCO
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  • Feb. 22, 2012, 5:35 PM
    Notable earnings after Thursday 's close: ADSK, AGO, AIG, BIO, CBI, CRM, CROX, CUBE, DECK, FSLR, GPS, GTE, HLS, IAG, INT, LNG, LONG, MCP, MELI, MGA, MHK, MNST, MRVL, NDSN, PSA, SBAC, SD, SPN, TIVO, WBMD, WR, XCO
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  • Feb. 13, 2012, 10:35 AM
    Benchmark takes a dim view of the semiconductor industry, writing that “an upward inflection in a semiconductor mini cycle is already priced into the sector” and cuts its rating on Broadcom (BRCM -1.7%) and Marvell (MRVL -1.7%), arguing their shares have priced in that recovery.
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  • Feb. 2, 2012, 11:27 AM
    Several wireless chipmakers are getting a lift from Qualcomm's (QCOM +3.1%) strong FQ1 report, and the healthy chip shipment data that accompanied it. Qualcomm's earnings call remarks about strong Chinese 3G uptake could also be helping, given existing fears about Chinese demand. SWKS +6.4%. TQNT +2.4%. MRVL +1.8%. SQNS +3.2%. SPRD +2.2%.
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  • Feb. 1, 2012, 9:24 AM
    Spreadtrum (SPRD) jumps 5.8% premarket after announcing a TD-SCDMA 3G version of Samsung's Galaxy Note smartphone/tablet hybrid, due to be sold by China Mobile, will feature a Spreadtrum baseband processor. Nomura recently suggested Spreadtrum is taking share from Marvell (MRVL) in the growing TD-SCDMA baseband market.
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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.