Marvell Technology (MRVL) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Over the past month, shares of this chipmaker have returned +0.3%, compared to the Zacks S&P 500 composite's +1.3% change. During this period, the Zacks Technology Services industry, which Marvell falls in, has gained 6.6%. The key question now is: What could be the stock's future direction?A ...

Marvell Technology, Inc. (NASDAQ:MRVL) Goldman Sachs Communacopia + Technology Conference Call September 11, 2024 6:45 PM ET Company Participants Matthew Murphy - Chairman and Chief Executive Officer Conference Call Participants Toshiya Hari - Goldman Sachs Group, Inc. Toshiya Hari Okay. Great. I think we're live. Good afternoon, everyone. Thank you so much for coming. My name is Toshiya Hari. I cover the semiconductor space for Goldman. Very psyched, very honored to have the team from Marvell with us this ...

Marvell Technology, Inc. (MRVL) saw its stock tumble 13.2% last week, leaving investors wondering whether to hold, sell or buy more shares. This sharp decline was driven by broader market fears, particularly concerns over a potential recession.The stock’s fall followed disappointing U.S. manufacturing data, which ignited fears about the health of the economy. Compounding these concerns was a lower-than-expected U.S. jobs report for August, which further stoked recessionary worries.There is growing unease am ...

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Marvell Technology MRVL is a semiconductor stock gaining hype due to its fast data center revenue growth. It has performed well over the past 52 weeks but is underperforming in its sector. The stock is up 36%, while the Invesco PHLX Semiconductor ETF SOXQ is up 44%. The fund tracks the PHLX Semiconductor Index, a commonly used barometer of the industry's performance. Three Wall Street analysts who recently updated their price targets see a solid upside in the stock. The average of Evercore ISI, KeyBanc, and ...

Marvell Technology (MRVL) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Shares of this chipmaker have returned +26.2% over the past month versus the Zacks S&P 500 composite's +3.4% change. The Zacks Technology Services industry, to which Marvell belongs, has gained 9.1% over this period. Now the key question is: Where could the stock be headed in the near term?Although media reports ...

Have you assessed how the international operations of Marvell Technology (MRVL) performed in the quarter ended July 2024? For this chipmaker, possessing an expansive global footprint, parsing the trends of international revenues could be critical to gauge its financial resilience and growth prospects.In today's increasingly interconnected global economy, a company's ability to tap into international markets can be a pivotal factor in shaping its overall financial health and growth trajectory. For investors, ...

While semiconductor developer Marvell Technology, Inc. NASDAQ: MRVL is a benefactor in the artificial technology (AI) revolution, headline numbers for their second-quarter fiscal 2025 results don’t paint the immediate upside potential. This is because the rest of the business shows weakness from the non-AI semiconductor cycle slowdown. Their growth segment lies in the viral expansion of data centers, which are benefiting from the surge in AI adoption.Like many peers in the computer and technology sector, Ma ...

JHVEPhotoI initiated a ‘Buy’ rating for Marvell Technology (NASDAQ:MRVL) in June 2024, based on the thesis of fast growth in AI revenues from optics and custom ASIC. Marvell announced their Q2 result on August 29th after the bell, with an upbeat outlook for Q3. Notably, their data center business grew by 92% year-over-year. I reiterate a ‘Buy’ rating with a one-year price target of $90 per share. Ramping Up Electro-Optics & Custom Silicon My biggest takeaway from the quarter is Marvell’s strong growth i ...

Revenue Performance - Net revenue for Q2 fiscal 2025 was $1.3 billion, a decrease of 5% compared to $1.34 billion in Q2 fiscal 2024, primarily due to declines in multiple end markets[96]. - Net revenue for the six months ended August 3, 2024, decreased by $228.8 million, a decline of approximately 5% compared to the same period in 2023, primarily due to significant decreases in sales across most end markets[107]. Sales by End Market - Sales from the carrier infrastructure end market decreased by 72%, enterprise networking by 54%, consumer by 47%, and automotive/industrial by 31%, while data center sales increased by 92%[96][106]. - Sales from the carrier infrastructure end market decreased by 74%, enterprise networking by 56%, consumer by 58%, and automotive/industrial by 23%, while data center sales increased by 90%[107]. Shareholder Returns - The company returned $428.7 million to shareholders in the first half of fiscal 2024, including $325.0 million in stock repurchases and $103.7 million in cash dividends[101]. - The company repurchased $325.0 million of common stock during the six months ended August 3, 2024, as part of its financing activities[131]. Financial Position - Cash and cash equivalents were $808.7 million as of August 3, 2024, down $142.1 million from $950.8 million on February 3, 2024[101]. - The company had approximately $808.7 million in cash and cash equivalents as of August 3, 2024, with $580.5 million held by subsidiaries outside the United States[122]. - Total borrowings outstanding as of August 3, 2024, were $4.2 billion, including $3.5 billion of senior notes and $656.2 million under the 2026 Term Loan[122]. Operating Performance - Operating loss for Q2 fiscal 2025 was 7.9% of net revenue, an improvement from a 15.3% loss in Q2 fiscal 2024[105]. - Net cash provided by operating activities for the six months ended August 3, 2024, was $630.9 million, compared to $320.9 million for the same period in 2023, reflecting a significant increase of 96.7%[128][129]. - The company reported a net loss of $408.9 million for the six months ended August 3, 2024, adjusted for non-cash items, compared to a net loss of $376.4 million for the same period in 2023[128][129]. Research and Development - Research and development expenses were 38.2% of net revenue in Q2 fiscal 2025, compared to 35.4% in Q2 fiscal 2024[105]. - Research and development expenses for the six months ended August 3, 2024, were $962.8 million, a slight increase of 0.8% from $955.5 million in the same period in 2023, representing 39.6% of net revenue[108]. Tax and Income - Provision for income taxes for the six months ended August 3, 2024, was $64.9 million, compared to a tax benefit of $107.5 million in the same period in 2023[117]. - The company had a deferred income tax benefit of $58.3 million for the six months ended August 3, 2024, compared to $226.7 million for the same period in 2023, indicating a decrease of 74.3%[128][129]. Cash Flow and Investments - Cash outflow from working capital for the six months ended August 3, 2024, was $81.8 million, primarily driven by decreases in accounts receivable and inventories, while cash outflow for the same period in 2023 was $120.8 million[128][129]. - Net cash used in investing activities for the six months ended August 3, 2024, was $154.9 million, down from $219.7 million in the same period in 2023, indicating a reduction of 29.5%[130]. Interest Rate and Currency Risks - A hypothetical 1 percentage point increase in interest rates could result in an increase in annual interest expense by approximately $5.8 million, highlighting the company's exposure to interest rate risk[135]. - If the U.S. dollar weakened by 10%, operating expenses could increase by approximately 2%, indicating potential foreign currency exchange risk[138]. - The company maintains an investment policy that limits long-term interest rate risk by requiring effective maturities of generally less than five years[136]. Customer Concentration - Accounts receivable was concentrated with four customers, representing 70% of gross accounts receivable as of August 3, 2024[102]. - Approximately 77% of net revenue in Q2 fiscal 2025 came from customers with operations in Asia, compared to 68% in Q2 fiscal 2024[103]. Capacity and Future Outlook - The company has entered into capacity reservation arrangements with foundries and partners to secure long-term capacity[97]. - The company anticipates continued impact on revenue from U.S. government export restrictions on certain Chinese customers[98].