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Marvell Technology Group, Ltd. (MRVL)

  • Nov. 10, 2011, 9:58 AM
    Jefferies' Mark Lipacis thinks Cisco's (CSCO +5.9%) FQ1 report (I, II, III) is a positive for the networking giant's chip suppliers, arguing Cisco and others are primed to rebuild chip inventories in 1H 2012 after slashing them this fall. Names Lipacis likes: BRCM, MRVL, AVGO, ALTR, IPHI, PMCS, ONNN, TXN.
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  • Nov. 8, 2011, 11:55 AM
    Maybe investors have had their fill of David Einhorn’s worries about Green Mountain Coffee (GMCR +1.2%), as shares rise despite the hedge funder's latest bearish pronouncements of many (last month). In addition to selling out of PFE and BP during Q3, Einhorn's firm initiated new positions in CBS, GM and MRVL.
  • Oct. 20, 2011, 9:34 AM
    Hard drive chipmakers Marvell (MRVL -4%) and LSI (LSI -0.7%) trade lower after Craig-Hallum says Western Digital's (WDC -6.1%) weak shipment forecast is a negative for the companies. Seagate (STX +0.9%), Western Digital's largest competitor, is up in early trading. (transcript)
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  • Oct. 17, 2011, 2:38 PM
    A number of storage manufacturers and chipmakers are off sharply on news of Western Digital's (WDC -7.4%) Thai troubles, as investors worry the hard drive giant's manufacturing problems will have major ripple effects. NTAP -4%. OCZ -5.7%. STEC -4.1%. QTM -5.4%. MRVL -5.4%. LSI -5.4%.
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  • Oct. 14, 2011, 8:01 AM
    Roth's Arnab Chanda is reiterating a Buy on Marvell Technology (MRVL). Chanda, who upgraded Marvell in August, expects FQ3 results to be in-line; sees Marvell gaining share in the hard drive and SSD controller markets; and believes strong demand for the company's Chinese mobile baseband chips to offset weak sales to RIMM.
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  • Sep. 29, 2011, 7:59 AM
    China's Spreadtrum (SPRD) has reportedly boosted its orders of TD-SCDMA 3G chips to foundry partner TSMC (TSM), as Chinese 3G adoption gains steam. It's added Spreadtrum has a 56% share of the market for TD-SCDMA chips, which are used in phones running on China Mobile's (CHL) 3G network - MRVL likely has much of the rest. (previously)
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  • Sep. 28, 2011, 4:40 PM
    China's IT ministry estimates the country had over 940M mobile subscribers at the end of August, 14% Y/Y. China's 3G base is pegged at 94.1M, up from less than 50M in December. Carriers CHL, CHU, and CHA benefit from overall subscriber growth, while chipmakers QCOM and MRVL gain from 3G adoption in particular. (previously)
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  • Sep. 26, 2011, 10:50 AM
    UBS is reiterating a Buy on Marvell Technology (MRVL), believing it will profit from growing sales of TD-SCDMA 3G phones for use on China Mobile's (CHL) network. UBS estimates Marvell has a 70% share of baseband chip design wins for TD-SCDMA smartphones. SPRD is another chipmaker with high hopes for the TD-SCDMA market. (previously)
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  • Sep. 23, 2011, 1:39 PM
    Marvell Technology (MRVL +4.3%) shares rally on rumors the company's next-generation processors could be used in Apple's (AAPL +0.8%) future iPhones and iPads. ArsTechnica reports that developers saw support for Marvell's quad-core ARM Armada XP processor in Apple's Xcode.
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  • Sep. 13, 2011, 1:37 PM
    NetLogic (NETL +0.2%) shares are quiet a day after Broadcom's (BRCM) $3.7B bid, as investor hopes for a higher competing bid fade. But Cavium (CAVM +3.2%) and EZChip (EZCH +6.5%) extend yesterday's speculative surge: JMP thinks CAVM could be a takeover target and the BRCM-NETL combo could add new business (also), and Bloomberg reports Marvell (MRVL) could make a bid for EZCH.
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  • Sep. 13, 2011, 9:38 AM
    Cavium (CAVM) shares rose sharply yesterday following BRCM's acquisition of rival NETL. However, Bloomberg estimates that if Cavium was acquired at a similar price/sales ratio, shares would rise an additional 39%. William Blair thinks INTC, MRVL, or QCOM could show interest in Cavium at a price of $50-$60/share.
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  • Sep. 12, 2011, 12:03 PM
    Susquehanna's Chris Caso is upgrading chipmakers MRVL, LLTC, ONNN, and MXIM to Positive, believing much of the recent bad news for the chip industry is now baked in, and customer inventory levels are "manageable." Caso is also reiterating Positive ratings for QCOM, BRCM, TXN, and MCHP. (previously)
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  • Sep. 12, 2011, 11:13 AM
    In addition to Cavium (CAVM +4.5% - previously), several other network processor vendors are up following Broadcom's (BRCM -2.3%) buyout of NetLogic (NETL +50.2%), as the deal raises hopes of further moves from big-name chipmakers. EZCH +6.5%. IPHI +7%. MLNX +3.1%. MRVL +2.1%. AMCC +1.3%. PMCS +1.2%.
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  • Sep. 12, 2011, 7:33 AM
    Broadcom (BRCM) agrees to buy NetLogic Microsystems (NETL) for $3.7B in a definitive merger agreement expected to close in the first half of 2012. The firm calls the deal a "strategic fit" that should deliver financial results. Rivals in the space potentially seeing interest: LSI, CAVM, MRVL, VTSS, FSL, PMCS, AMCC.
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  • Sep. 9, 2011, 3:59 PM
    Some of Texas Instruments' (TXN +1.5%) competitors are joining the company in outperforming following TI's mid-quarter update. MXIM +0.7%. LLTC +0.3%. SMTC +0.4%. MRVL +2.2%. Memory vendors Micron (MU +2%) and Sandisk (SNDK +0.7%) are also up, perhaps due to reports of improving NAND flash prices.
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  • Sep. 8, 2011, 3:48 PM
    Though Nomura's Romit Shah rates Marvell (MRVL) a Netural, he's positive on a 4G LTE chip the company announced yesterday, which he believes puts it on better footing against rivals such as BRCM and QCOM. Shah also sees the chip boosting Marvell's standing in China - a market the company hopes will offset declining sales with RIMM.
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MRVL vs. ETF Alternatives
Company Description
Marvell Technology Group Ltd is a fabless semiconductor provider of analog, mixed-signal, digital signal processing and embedded microprocessor integrated circuits.