SANTA CLARA, Calif., Nov. 5, 2024 /PRNewswire/ -- Marvell Technology, Inc. (NASDAQ: MRVL), a leader in infrastructure semiconductor solutions, today announced it will conduct a conference call following the release of its third quarter of fiscal year 2025 financial results on Tuesday, December 3, 2024, at 1:45 p.m. Pacific Time. Conference CallInterested parties may join the conference call without operator assistance by registering and entering their phone number at https://emportal.ink/4fngg8m to receive ...

In the latest market close, Marvell Technology (MRVL) reached $84.87, with a +1.71% movement compared to the previous day. The stock exceeded the S&P 500, which registered a gain of 0.16% for the day. Meanwhile, the Dow experienced a drop of 0.37%, and the technology-dominated Nasdaq saw an increase of 0.78%. Prior to today's trading, shares of the chipmaker had gained 15.7% over the past month. This has outpaced the Business Services sector's gain of 2.81% and the S&P 500's gain of 1.67% in that time. Anal ...

Marvell Technology (MRVL) closed the latest trading day at $81.93, indicating a +0.12% change from the previous session's end. This move lagged the S&P 500's daily gain of 0.22%. Meanwhile, the Dow experienced a drop of 0.33%, and the technology-dominated Nasdaq saw an increase of 0.76%.The chipmaker's stock has climbed by 14.96% in the past month, exceeding the Business Services sector's gain of 1.72% and the S&P 500's gain of 1.47%.Investors will be eagerly watching for the performance of Marvell Technolo ...

Investment Rating - The report assigns an "Overweight" rating to Marvell Technology (MRVL O) with a target price of $89 [2] Core Views - Marvell is expected to see strong growth driven by AI demand in data centers, with AI-related revenue projected to reach $1 5 billion in FY2025 and $2 5 billion in FY2026 [2] - The company's data center business is expected to grow significantly, with revenue from this segment increasing from 40% in FY2024 to 70% in FY2025H1 [2][22] - Marvell's custom chip business is in its early stages but is expected to experience explosive growth in 2026 and 2027, with the market for data center custom acceleration chips projected to reach $42 9 billion by 2028 [2][42] Financial Summary - Revenue is forecasted to grow from $5 333 million in FY2025E to $10 708 million in FY2028E, with a CAGR of 21% [1] - Non-GAAP net income is expected to increase from $1 256 million in FY2025E to $4 008 million in FY2028E, with a CAGR of 29% [1] - The PE ratio is projected to decline from 56 4x in FY2025E to 17 7x in FY2028E, indicating improving valuation metrics [1] Business Segments Data Center - Data center revenue is expected to grow from $3 742 million in FY2025E to $8 178 million in FY2028E, driven by AI demand and custom chip growth [10] - AI-related revenue is projected to account for 30% of total revenue in FY2025, with AI interconnect products contributing over $1 billion [2] Enterprise Networking - Enterprise networking revenue is forecasted to recover from $631 million in FY2025E to $986 million in FY2028E, following a period of industry adjustment [10] Automotive/Industrial - Automotive/industrial revenue is expected to grow from $320 million in FY2025E to $554 million in FY2028E, driven by increasing adoption of automotive Ethernet [10] Consumer - Consumer revenue is projected to remain stable, growing slightly from $326 million in FY2025E to $359 million in FY2028E [10] Industry Analysis - The global semiconductor market is expected to grow by 13 1% in 2024, reaching $588 4 billion, driven by recovery in PC and smartphone markets [18] - The IC design market is highly concentrated, with the top 5 companies (Nvidia, Qualcomm, Broadcom, AMD, and MediaTek) accounting for 90% of the market [18] - Marvell ranks 6th in the global IC design market with $5 505 million in revenue in 2023, representing a 3% market share [19] Competitive Positioning - Marvell is a key player in the DSP market, holding a 60% market share in high-end DSPs [63] - The company is actively developing new technologies such as AEC PAM DSP, Sipho, LPO, and CPO, which are expected to contribute to future growth [65][72] - Marvell is the second-largest player in the commercial Ethernet switch chip market, with a 29% market share, trailing Broadcom [75]

Insider Trading Activity - Marvell Technology's insider trading activity shows a surge in both buying and selling, with CEO Matthew J Murphy purchasing 13,000 shares at $77 63 per share, totaling $1 01 million, bringing his direct holdings to 221,915 shares [1] - Over the past three months, there have been nine insider sell transactions totaling 261,000 shares sold, compared to just one insider buy [1] - Over the last 12 months, 42 insider sells amounted to 687,500 shares, against only 2 insider buys totaling 14,425 shares [2] Key Insider Transactions - Raghib Hussain, Division President, sold 144,084 shares at $80 50 per share, totaling $11 6 million on October 15, 2024 [3] - Willem A Meintjes, CFO, sold 1,500 shares at $73 87 per share on September 16, 2024 [3] - Dr Ford Tame sold 92,000 shares at $74 16 per share, totaling $6 82 million on September 12, 2024 [2] Stock Performance and Sector Trends - Marvell's stock is valued at $79 85 as of October 19, 2024, marking a 10% gain over the past month [4] - The semiconductor sector has been volatile, with the iShares Semiconductor ETF dropping 5% following a disappointing outlook from ASML [6] - Broadcom insiders made significant stock sales totaling over $7 million, and Nvidia insiders sold over $1 8 billion worth of stock in 2024 [4] Analyst Outlook and Industry Position - JPMorgan maintains an 'Overweight' rating on Marvell, highlighting its strong positioning alongside Broadcom to benefit from the growing demand for AI infrastructure in data centers [5] - Marvell is deeply integrated into the global tech ecosystem with key customers like Amazon Web Services, and the recent pullback in the semiconductor sector presents a potential buying opportunity for long-term investors [5] - The company continues to gain momentum in AI and data center innovations, with strong customer adoption and design win pipeline expansion in custom AI ASICs [5]

Marvell Technology (MRVL) ended the recent trading session at $79.85, demonstrating a -0.08% swing from the preceding day's closing price. The stock's change was less than the S&P 500's daily gain of 0.4%. On the other hand, the Dow registered a gain of 0.09%, and the technology-centric Nasdaq increased by 0.63%.Shares of the chipmaker have appreciated by 6.72% over the course of the past month, outperforming the Business Services sector's gain of 3.38% and the S&P 500's gain of 3.76%.The investment communi ...

Group 1 - The article reiterates a "Buy" rating on Marvell Technology, Inc. (NASDAQ: MRVL) due to their ramp-up of electro-optic and custom silicon products [1] - Amazon.com, Inc. (AMZN) has signed a significant agreement with Marvell Technology, which is expected to enhance Marvell's market position [1] Group 2 - The investment strategy focuses on fundamental, bottom-up, long-term, and quality growth-oriented investments, targeting companies in niche markets with strong growth potential [1] - The portfolio typically consists of 15-20 stocks, emphasizing diversification, risk management, macro-driven sector weights, and disciplined trading and valuations [1]

Extends PAM4 Connectivity Leadership to Scale Next Generation AI Server Compute FabricsSANTA CLARA, Calif., Oct. 15, 2024 /PRNewswire/ -- OCP Global Summit – Marvell Technology, Inc. (NASDAQ: MRVL), a leader in data infrastructure semiconductor solutions, demonstrates its industry-leading 3nm PCIe Gen 7 connectivity at the OCP Global Summit, October 15-17, at the San Jose Convention Center.  PCIe Gen 7 doubles data transfer speeds, enabling continued scaling of compute fabrics inside accelerated server plat ...

Industry Overview - The global AI server market is projected to reach $187 billion in revenue in 2024, representing a 69% increase from 2023 [1] - Significant investments from cloud service providers in AI infrastructure are driving the demand for AI servers [1] Company: Micron Technology - Micron Technology's high-bandwidth memory (HBM) chips are in high demand, with the company reporting that it has sold out its entire capacity for 2024 and 2025 [3][4] - The new HBM3E chip is expected to consume 20% less power and provide 50% more capacity compared to competitors, with production ramp-up planned for early 2025 [4] - Micron aims to capture 20% to 25% of the HBM market by next year, anticipating HBM market revenue to grow from $4 billion in 2023 to $25 billion in 2025 [4] - Revenue for Micron is expected to increase by 52% to $38 billion in the current fiscal year, with earnings projected to rise from $1.30 to $8.94 per share [5] - The stock is considered undervalued with a forward earnings multiple of 11 and a PEG ratio of 0.16 [6] Company: Marvell Technology - Marvell Technology specializes in application-specific integrated circuits (ASICs), which are increasingly in demand as cloud service providers develop in-house processors [7] - ASICs are projected to account for 26% of the AI server chip market in 2024, with a potential revenue opportunity of $150 billion [7] - Despite a 5% year-over-year decline in overall revenue to $1.27 billion, Marvell's data center revenue surged by 92% to $881 million [8] - The company expects its data center business to grow in the high teens sequentially, improving from 8% sequential growth in the previous quarter [9] - Marvell anticipates revenue of $1.45 billion in fiscal Q3, up from $1.42 billion in the same quarter last year, signaling a return to growth [10] - Analysts project Marvell's earnings to grow at a compound annual growth rate of 21% over the next five years, driven by the demand for custom AI chips [10]

Marvel Biosciences Shares Positive Results of MB204 in the Oprm1 Model of AutismOctober 10, 2024 9:00 AM EDT | Source: Marvel Biosciences Corp.Calgary, Alberta--(Newsfile Corp. - October 10, 2024) - Marvel Biosciences Corp. (TSXV: MRVL) (OTCQB: MBCOF), and its wholly owned subsidiary, Marvel Biotechnology Inc. (collectively the "Company" or "Marvel"), today shared promising results from a recent study on MB204. The research was conducted by Drs. Julie Le Merrer and Jerome Becker of the iBraiN ...