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Date | For | Estimate | Reported | Surprise | surprise % |
---|---|---|---|---|---|
2024-05-30 | 2024-04 | 0.23 | N/A | N/A | N/A |
2024-03-07 | 2024-01 | 0.46 | 0.46 | N/A | N/A |
2023-11-30 | 2023-10 | 0.4 | 0.41 | 0.01 | 2.50% |
2023-08-24 | 2023-07 | 0.32 | 0.33 | 0.01 | 3.13% |
2023-05-25 | 2023-04 | 0.29 | 0.31 | 0.02 | 6.90% |
2023-03-02 | 2023-01 | 0.46 | 0.46 | N/A | N/A |
Date | Firm | Action | From | To |
---|---|---|---|---|
2023-09-19 | Rosenblatt | Upgrade | Buy | Buy |
2023-08-24 | Rosenblatt | Upgrade | Buy | Buy |
2023-08-24 | Needham | Upgrade | Buy | Buy |
2023-08-24 | Oppenheimer | Upgrade | Outperform | Outperform |
2023-08-24 | B. Riley Securities | Upgrade | Buy | Buy |
2023-08-24 | Morgan Stanley | Upgrade | Equal-Weight | Equal-Weight |
Date | Name | Relation | Quantity | Description |
---|---|---|---|---|
2023-07-13 | CHRISTMAN DANIEL | Officer | 106.16K | Conversion of Exercise of derivative security |
2024-04-14 | DIXON PANTEHA | Officer | 27.86K | Conversion of Exercise of derivative security |
2023-12-14 | GAYNOR MITCHELL L | Officer | 127.31K | Sale |
2024-04-14 | HUSSAIN MUHAMMAD RAGHIB | Officer | 976.05K | Conversion of Exercise of derivative security |
2023-07-13 | JARNAC DEAN E JR. | Officer | 103.71K | Conversion of Exercise of derivative security |
2024-04-14 | KOOPMANS CHRISTOPHER R | Chief Operating Officer | 0.00 | Sale |
Report Date | Organization | Position | Value | Percentage |
---|---|---|---|---|
2023-06-29 | FMR, LLC | 129.00M | 7.71B | 14.95% |
2023-06-29 | Vanguard Group Inc | 69.97M | 4.18B | 8.11% |
2023-06-29 | Blackrock Inc. | 58.47M | 3.50B | 6.78% |
2023-06-29 | Capital Research Global Investors | 32.63M | 1.95B | 3.78% |
2023-06-29 | Price (T.Rowe) Associates Inc | 30.84M | 1.84B | 3.57% |
2023-06-29 | T. Rowe Price Investment Management, Inc. | 26.82M | 1.60B | 3.11% |
Report Date | Organization | Position | Value | Percentage |
---|---|---|---|---|
2023-07-30 | Fidelity Blue Chip Growth Fund | 27.49M | 1.79B | 3.19% |
2023-06-29 | Vanguard Total Stock Market Index Fund | 26.74M | 1.60B | 3.10% |
2023-08-30 | Invesco ETF Tr-Invesco QQQ Tr, Series 1 ETF | 14.57M | 848.97M | 1.69% |
2023-06-29 | Growth Fund Of America Inc | 13.88M | 829.72M | 1.61% |
2023-08-30 | Fidelity Select Portfolios - Semiconductors Portfolio | 13.92M | 810.61M | 1.61% |
2023-06-29 | Price (T.Rowe) Mid Cap Growth Fund | 12.98M | 775.68M | 1.50% |
Dividend | Date |
---|---|
0.06 | 2024-04-11 |
0.06 | 2024-01-05 |
0.06 | 2024-01-04 |
0.06 | 2023-10-06 |
0.06 | 2023-10-05 |
0.06 | 2023-07-06 |
Split | Date |
---|---|
2 : 1 | 2006-07-25 |
2 : 1 | 2004-06-29 |
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$MRVL Ridiculously Undervalued.
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$MRVL Hugh
Marvell’s AI TAM is forecast to grow at a 5 year CAGR of 29% to $75bn in 2028 (from $21bn in 2023) driven by growth in custom accelerator silicon with a 5 year CAGR of 45% to $43bn in 2028 (from $6.6bn in 2023).
While the custom AI chip business is expected to be a meaningful growth driver, management is now disclosing that it will be a lower gross margin business. But they are still maintaining operating margin targets as they expect the higher revenue will offset the lower gross margin business (operating leverage).
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$MRVL
Analysts are saying this chipmaker, which just held an AI event, is the most levered to the trend besides Nvidia
PUBLISHED FRI, APR 12 202411:23 AM EDTUPDATED 31 MIN AGO
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Samantha Subin
@SAMANTHA_SUBIN
In this article
MRVL
-0.31 (-0.43%)
The Marvell Technology Group Ltd. headquarters building stands in Santa Clara, California, U.S., on Tuesday, Feb. 8, 2011.“MRVL hit back at some recent debates and laid a case that, next to NVDA, it is the company in the sector that is most levered to AI given its broad [intellectual property] portfolio and leverage across the data center,” wrote UBS analyst Timothy Arcuri in a Thursday note.
The commentary comes on the back of the chipmaker’s AI event on Thursday, where it announced a new compute customer many speculate could be Microsoft. The stock is up 19% this year.
MRVL year to date
According to Arcuri, the commentary surrounding 2025 revenue also creates room for upside to estimates, while forecasting that opportunities in segments such as autos could push total revenues to $20 billion by the 2028 calendar year.JPMorgan’s Harlan Sur said in a note to clients the company looks situated to continue building market share in the AI and data center industry, estimating that AI application-specific integrated circuits could hit $7 billion to $8 billion in sales by 2028.
“Bottom line, if the team can execute on its datacenter growth strategy and capture 17% share of the datacenter [total addressable market] opportunity in CY28, we can conservatively see $6-$7 of EPS during this period of time – which implies significant upside in the stock,” he wrote.
Goldman Sachs analyst Toshiya Hari expects the growing total addressable market within the compute industry and its “comprehensive” product portfolio to enable Marvell to obtain “above-industry growth” in the coming years.
On the back of the event, Wells Fargo analyst Gary Mobley lifted 2025 revenue and earnings per share estimates to account for a quicker ramp in AI sales.
Marvell Technology Inc
MRVL
ANALYST CONSENSUS
32
Ratings
Buy
9 Strong Buy
20 Buy
3 Hold
0 Underperform
0 Sell
Current Price
Last updated | 12:08 PM EDT
71.34
-0.19 (-0.27%)
Highest Price Target
100.00
Average Price Target
88.15
Upside (23.79%)
Lowest Price Target
71.00
“We view MRVL as more of an idiosyncratic chip company, one that outperforms the overall chip industry growth rate in good and bad times,” he wrote. “We believe MRVL is in a position to grow revenue at a 15-20% pace over the long term.”While Morgan Stanley continues to view the stock as an AI winner, analyst Joseph Moore noted he still favors Nvidia. That is in part due to the “sideways” action Marvell has experienced over the past year and its elevated multiple.
“We would see this story on the positive side of the AI debates, and the company made a strong case, but we do have a preference for NVDA with stocks at current levels,” he said.
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$MRVL Great Article
Analysts are saying this chipmaker is the most levered to AI besides Nvidia https://www.cnbc.com/2024/04/12/analysts-are-saying-this-chipmaker-which-just-held-an-ai-event-is-the-most-levered-to-the-trend-besides-nvidia.html?__source=iosappshare|com.apple.UIKit.activity.CopyToPasteboard
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$MRVLBank of America reiterates Marvell as buy
Bank of America said it’s sticking with its buy rating following Marvell’s AI event.
“Our 12-month price target of $84 (17% potential upside) is unchanged and we maintain our Buy rating on the stock.”
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$MRVL Great Volume! Going Much Higher…..
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$MRVL Good News Coming at Todays Event!
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Bank of America reiterates Marvell as buy
Bank of America said it’s bullish heading into the AI company’s chip event next week.
“We expect MRVL to showcase its broad-range of computing, electro-optics, networking and custom-chip design assets at its Accelerated Infrastructure For The AI Era Event” scheduled for 10-12am ET in NY on April-11.”
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$MRVL $75+ Today. $125+ after earnings…
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$MRVL Going Much Higher. Next Earnings
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$MRVL
I EAT BEARTARDS FOR BREAKFAST -
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$MRVL Strong like Bull. Many good things ahead for this company….
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$MRVL Citigroup Reiterates "Buy" Rating for Marvell Technology (NASDAQ:MRVL)
Marvell Technology logoMarvell Technology stock had its "buy" rating reissued by equities research analysts at Citigroup in a research report issued on Wednesday, Benzinga reports. They currently have a $91.00 target price on the semiconductor company's stock. Citigroup's price objective points to a potential upside of 26.74% from the stock's previous close.Impinj stock surges on strong earnings and guidance
MRVL has been the topic of a number of other research reports. Cantor Fitzgerald assumed coverage on Marvell Technology in a research note on Tuesday, January 23rd. They issued an "overweight" rating and a $80.00 target price on the stock. Rosenblatt Securities reiterated a "buy" rating and issued a $100.00 target price on shares of Marvell Technology in a research note on Monday, March 4th. Raymond James raised their price target on Marvell Technology from $62.00 to $78.00 and gave the company an "outperform" rating in a research note on Friday, January 19th. B. Riley restated a "buy" rating and set a $95.00 price target -
$MRVL
Potential Implications of Marvell's AI PresentationWith Marvell's diverse portfolio and expertise in semiconductor solutions, the anticipation surrounding its AI presentation is palpable. The discussion around a $40 billion TAM within custom ASICs signifies the company's commitment to innovation and market expansion. By leveraging technologies such as Arm CPUs and AWS Trainium2 AI chips, Marvell aims to carve a significant niche within the burgeoning AI market.
Moreover, the integration of AI-centric solutions into Marvell's existing product lineup could unlock new revenue streams and foster deeper collaborations with industry leaders. As businesses increasingly rely on AI-driven insights to gain a competitive edge, Marvell's offerings could become integral components of next-generation computing infrastructure.
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$MRVL
I Eat Bears for Breakfast
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