AllAnalyst Report
logoArgusSeptember 04, 2024

Marvell Technology, Inc.: AI data center momentum offsetting enterprise weakness

Symbols
MRVL
Sector(s)
Technology
Rating
Current Price
$65.82
Price Target
Earnings Estimate
Summary

Marvell Technology Group Ltd., formerly domiciled in Bermuda but now U.S.-based, is a fabless provider of high-performance application-specific standard products for storage, networking, connectivity, and other applications. Primary products include HDD and SSD controllers; components used in memory drives; Ethernet switches and PHYs; ARM processors in SoC format; WiFi/ Bluetooth combo chips; and embedded processors a

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Analyst Profile

James Kelleher, CFA

Director of Research & Senior Analyst Technology
Jim has worked in the financial services industry for over 25 years and joined Argus in 1993. He is director of research at Argus and a member of the Investment Policy Committee. Jim has been instrumental in building Argus' proprietary valuation models, which are a key part of the proprietary Argus Six-Point Rating System. He also oversees Argus' technical analysis products; writes the Portfolio Selector report and other publications; and manages several Argus model portfolios. As a Senior Analyst, Jim covers Communications Equipment, Semiconductors, Information Processing and Electronic Manufacturing Services companies. he is a CFA charter-holder, and is a three-time winner in The Wall Street Journal's "Best on the Street" All-Star Analyst Survey. In July 2010, McGraw-Hill Professional published Jim's book, "Equity Valuation for Analysts & Investors." The book, a single-volume treatment of financial modeling and valuation process, introduces the Argus proprietary valuation methodology known as Peer Derived Value.