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Marvell Technology Inc MRVL Stock Quote

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Morningstar‘s Stock Analysis MRVL

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Is it the right time to buy or sell?
Is it the right time to buy or sell?

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Economic Moat


Capital Allocation


Marvell’s Short-Term Supply Hiccups Don’t Worry Us, and Shares Look Undervalued

Analyst Note

| William Kerwin |

We maintain our $62 fair value estimate for no-moat Marvell Technology after it reported fiscal second-quarter results in line with our expectations. Marvell once more enjoyed high-flying top-line growth and margin expansion as it benefits from secular trends toward the cloud and 5G. We credit the firm for battling through ongoing supply constraints and continue to see a long runway of profitable and rapid growth for Marvell’s comprehensive data infrastructure portfolio. Shares dipped as much as 4% after hours, likely because of weaker forward-looking supply commentary in Marvell’s data center market. We view tight supply slowing revenue growth as a short-term phenomenon, and are bullish on Marvell’s long-term demand. We view shares as undervalued.

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Key Statistics MRVL

Company Profile MRVL

Business Description

Marvell Technology is a leading fabless chipmaker focused on networking and storage applications. Marvell serves the data center, carrier, enterprise, automotive, and consumer end markets with processors, optical interconnections, application-specific integrated circuits (ASICs), and merchant silicon for Ethernet applications. The firm is an active acquirer, with five large acquisitions since 2017 helping it pivot out of legacy consumer applications to focus on the cloud and 5G markets.

1000 N. West Street, Suite 1200
Wilmington, DE, 19801
T +1 302 295-4840
Industry Semiconductors
Most Recent Earnings Jul 31, 2022
Fiscal Year End Jan 29, 2023
Employees 6,729

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