JP Morgan analyst Harlan Sur maintained an Overweight rating on Marvell Technology, Inc. MRVL with a price forecast of $130 on Tuesday.This price forecast is based on Marvell’s strong market leadership in optical connectivity, synergies with its Storage, Networking, and embedded processing franchises, and its solid growth outlook in AI/Networking, Sur asserted.Marvell will report earnings on Thursday, and Sur expects a continued volume ramp of Amazon.Com, Inc. AMZN Trainium 2 ASIC and Alphabet Inc. GOOGL GO ...

Silicon Motion Technology Corporation (SIMO) reported healthy first-quarter 2025 results, with both the adjusted earnings and revenues beating the Zacks Consensus Estimate.The leading developer of microcontroller integrated circuits for NAND flash storage devices witnessed revenue contraction year over year, driven by weak demand trends in multiple markets. However, management remains focused on delivering strong, sustainable long-term growth by broadening the product portfolio, expanding into new markets a ...

Business Highlights Financial Highlights | | | 1Q 2025 GAAP | 1Q 2025 Non-GAAP* | | --- | --- | --- | --- | | | | $166.5 million (-13% Q/Q, -12% | $166.5 million (-13% Q/Q, | | • Net sales | | Y/Y) | -12% Y/Y) | | • | Gross margin | 47.1% | 47.1% | | • | Operating margin | 5.9% | 8.9% | | • | Earnings per diluted ADS | $0.58 | $0.60 | * Please see supplemental reconciliations of U.S. Generally Accepted Accounting Principles ("GAAP") to all non-GAAP financial measures mentioned herein towards the end of this ...