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Nov 04, 2019

Marvell Technology (MRVL, $26.77) shares rating raised, price target increased by Wells Fargo

Marvell Technology got a rating boost from Wells Fargo.

Analysts at Wells Fargo raised their rating on the  semiconductor company to outperform from market perform.

Wells Fargo  also hiked the target price on the shares was also hiked to $32 a share from $25, which represents a 27% upside from Marvell's closing price Friday of $25.14.

"MRVL should continue to experience robust 5G base station-related sales to Nokia and Samsung for the balance of 2019 and into 2020," Analyst Gary Mobely wrote.

Mobely is also hopeful that data-center capital expenditures would rise, which in turn should augur well for MRVL's Octeon/Nitrox and Fibre Channel sales (according to the analyst).

Related Ticker: MRVL

MRVL in downward trend: price may drop because broke its higher Bollinger Band on May 20, 2024

MRVL broke above its upper Bollinger Band on May 20, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options. The A.I.dvisor looked at 45 similar instances where the stock broke above the upper band. In of the 45 cases the stock fell afterwards. This puts the odds of success at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The RSI Indicator demonstrated that the stock has entered the overbought zone. This may point to a price pull-back soon.

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 14 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where MRVL declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on May 13, 2024. You may want to consider a long position or call options on MRVL as a result. In of 96 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for MRVL just turned positive on May 03, 2024. Looking at past instances where MRVL's MACD turned positive, the stock continued to rise in of 48 cases over the following month. The odds of a continued upward trend are .

MRVL moved above its 50-day moving average on May 15, 2024 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for MRVL crossed bullishly above the 50-day moving average on May 16, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 15 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where MRVL advanced for three days, in of 320 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 202 cases where MRVL Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 63, placing this stock better than average.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. MRVL’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (4.474) is normal, around the industry mean (7.078). P/E Ratio (0.000) is within average values for comparable stocks, (54.567). Projected Growth (PEG Ratio) (1.797) is also within normal values, averaging (3.272). Dividend Yield (0.003) settles around the average of (0.020) among similar stocks. P/S Ratio (11.990) is also within normal values, averaging (33.749).

The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

Notable companies

The most notable companies in this group are NVIDIA Corp (NASDAQ:NVDA), Taiwan Semiconductor Manufacturing Company Ltd (NYSE:TSM), Broadcom (NASDAQ:AVGO), Advanced Micro Devices (NASDAQ:AMD), QUALCOMM (NASDAQ:QCOM), Texas Instruments (NASDAQ:TXN), Applied Materials (NASDAQ:AMAT), Micron Technology (NASDAQ:MU), Intel Corp (NASDAQ:INTC), Lam Research Corp (NASDAQ:LRCX).

Industry description

The semiconductor industry manufacturers all chip-related products, including research and development. These chips are used in innumerable electronic devices, including computers, cell phones, smartphones, and GPSs. Intel Corporation, NVIDIA Corp., and Broadcomm are some of the prominent players in this industry. Semiconductor companies usually tend to do well during periods of healthy economic growth, thereby inducing further research and development in the industry – which in turn augurs well for productivity and growth in the economy. In the near future, demand for semiconductor products (and possibly innovation within the segment) should only expand further, with the proliferation of 5G, autonomous vehicles, IoT, and various AI-driven electronics set to herald a new, advanced chapter in the technology-driven world as we know it. With burgeoning prospects comes great competition. In 2015, SIA estimated that U.S. semiconductor industry ranks as the second most competitive U.S. industry out of 2882 U.S. industries designated manufacturers by the U.S. Census Bureau.

Market Cap

The average market capitalization across the Semiconductors Industry is 45.27B. The market cap for tickers in the group ranges from 13.43K to 2.62T. NVDA holds the highest valuation in this group at 2.62T. The lowest valued company is CYBL at 13.43K.

High and low price notable news

The average weekly price growth across all stocks in the Semiconductors Industry was 1%. For the same Industry, the average monthly price growth was 7%, and the average quarterly price growth was 27%. SQNS experienced the highest price growth at 31%, while WISA experienced the biggest fall at -28%.

Volume

The average weekly volume growth across all stocks in the Semiconductors Industry was 4%. For the same stocks of the Industry, the average monthly volume growth was -26% and the average quarterly volume growth was 126%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 58
P/E Growth Rating: 47
Price Growth Rating: 50
SMR Rating: 69
Profit Risk Rating: 62
Seasonality Score: 17 (-100 ... +100)
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MRVLDaily Signal changed days agoGain/Loss if shorted
 
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A.I.Advisor
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A.I. Advisor
published General Information

General Information

a company which engages in the business of providing semiconductors to high-performance application-specific standard products

Industry Semiconductors

Profile
Fundamentals
Details
Industry
Semiconductors
Address
1000 N. West Street
Phone
+1 302 295-4840
Employees
6577
Web
https://www.marvell.com
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