He's owned this since 2019 when it traded in the low-20s, but is now at $60, sliding from the low-90s thanks to the sell-off this winter. All semi stocks slid today with Marvell down 4.5%. Earlier this month, they reported a fabulous quarter, a sold top and bottom line beat with 68% revenue growth. Managers offered a bullish forecast for this quarter. You can buy this now at a $5 discount and sells at a cheap 20x next year's earnings.
They have a lot of 5G and data centre exposure--good. He's long liked this and has done well with it. But shares popped over 7% about their analysts meeting where they issued a very bullish forecast.
The CEO has created the best single play on high-performance computing as well as 5G. Every time this stock gets hit, buy it. You can trade it, but it'll be tough.
A brokerage firm gave this a big push today, which was a smart call. They offer high-performance company, a data centre and it extends enterprise 5G. They're in a good place.
A strong contender for his portfolio. Leader in storage, networking, switching, and embedded processing. Strong connection to 5G, Samsung, and Nokia. Price target of $53. Will benefit from increased cloud storage, 5G deployment, and the internet of things.
It roared in 2020, but has stalled in the last 5 months due to the rotation this winter out of tech and into reopening stocks, and Marvell bought a company last fall in a cash and stock deal. Last night that deal closed, and today the stock popped 4%. MRVL may be ready to roll again.
Stockchase Research Editor: Michael O'Reilly MRVL is a semiconductor developer involved in 5G, cloud and automotive areas. Recently reported earnings hit analyst expectations in both EPS ($0.25) and revenue growth (13%). Chip supply is causing management to actually be conservative on its guidance -- projecting EPS of $0.25-$0.33 next quarter. It pays a smallish dividend, backed by a 25% payout ratio. Over 87% of the stock is held by large institutions with good staying power. It trades at less than 20x earnings, compared to peers in the space at 65x. We would buy this with stop-loss at $32, looking to achieve $54 -- upside potential over 24%. Yield 0.6% (Analysts’ price target is $53.79)
Marvell Technology Group (MRVL) Frequently Asked Questions
What is Marvell Technology Group stock symbol?
Marvell Technology Group is a American stock, trading under the symbol MRVL (previously MRVL-Q on Stockchase) on the NASDAQ (MRVL). It is usually referred to as NASDAQ:MRVL or MRVL