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Last $14.20 USD
Change Today +0.30 / 2.16%
Volume 14.6M
MRVL On Other Exchanges
Symbol
Exchange
Frankfurt
As of 5:20 PM 05/28/15 All times are local (Market data is delayed by at least 15 minutes).

marvell technology group ltd (MRVL) Snapshot

Open
$14.20
Previous Close
$13.90
Day High
$14.34
Day Low
$13.97
52 Week High
02/20/15 - $16.78
52 Week Low
10/13/14 - $11.65
Market Cap
7.4B
Average Volume 10 Days
7.3M
EPS TTM
$0.67
Shares Outstanding
518.4M
EX-Date
06/9/15
P/E TM
21.2x
Dividend
$0.24
Dividend Yield
1.69%
Current Stock Chart for MARVELL TECHNOLOGY GROUP LTD (MRVL)

marvell technology group ltd (MRVL) Details

Marvell Technology Group Ltd. designs, develops, and markets analog, mixed-signal, digital signal processing, and embedded and standalone integrated circuits. It offers mobile and wireless products comprising communications and applications processors; thin modems; and connectivity solutions, including Wi-Fi, Bluetooth, near field communication, and FM; and mobile computing products, as well as silicon solutions and Kinoma software. The company also provides a range of data storage products, such as hard disk drive and solid-state drive controllers. In addition, it offers networking products comprising Ethernet solutions; embedded communication processors; network processors; and Ethernet passive optical network and gigabit passive optical network products. Further, the company provides printer system-on-a-chip products, as well as custom printer ASICs; and smart home products that are designed to enable the next generation of connected consumer platforms, and to enhance the eco-friendly ‘Connected Lifestyle’ throughout the home, incluidng platforms for set-top boxes, video dongles, and lighting and smart appliances. It operates in the United States, Canada, China, India, Israel, Italy, Japan, Malaysia, Singapore, South Korea, Spain, Sweden, Switzerland, and Taiwan. Marvell Technology Group Ltd. was founded in 1995 and is headquartered in Hamilton, Bermuda.

7,163 Employees
Last Reported Date: 03/26/15
Founded in 1995

marvell technology group ltd (MRVL) Top Compensated Officers

Co-Founder, Executive Chairman, Chief Executi...
Total Annual Compensation: $850.0K
Co-Founder, President and Director
Total Annual Compensation: $551.2K
Chief Technology Officer
Total Annual Compensation: $494.6K
Compensation as of Fiscal Year 2015.

marvell technology group ltd (MRVL) Key Developments

Marvell Technology Group Ltd. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended May 2, 2015; Provides Earnings Guidance for the Second Quarter of Fiscal 2016

Marvell Technology Group Ltd. announced unaudited consolidated earnings results for the first quarter ended May 2, 2015. For the quarter, the company reported net revenue of $724,288,000 against $957,830,000 a year ago. Operating income was $13,252,000 against $92,987,000 a year ago. Income before income taxes was $18,419,000 against $94,912,000 a year ago. Net income was $14,090,000 or $0.03 basic and diluted per share against $99,479,000 or $0.19 diluted per share a year ago. Net cash provided by operating activities was $58,868,000 against $235,137,000 a year ago. Purchases of technology licenses were $3,606,000 against $8,111,000 a year ago. Purchases of property and equipment were $7,334,000 against $16,131,000 a year ago. Non-GAAP net income was $71,078,000 or $0.13 diluted per share against $144,150,000 or $0.27 diluted per share a year ago. The reported first quarter revenue was a sequential decline of 16%. The sequential decline was mainly due to softer-than-expected demand from the storage end market as well as from the emerging markets. The company provided earnings guidance for the second quarter of fiscal 2016. For the quarter, the company expects GAAP gross margin of 49.5%, non-GAAP gross margin of 50.0%, and GAAP diluted earnings per share of $0.02. The company expects tax expense to be approximately $2 million. In total, it currently project non-GAAP EPS to be $0.11 per diluted share, plus or minus $0.01. On the balance sheet, it currently expects to generate about $75 million in free cash flow during the quarter.

Marvell Technology Group Ltd. Announces Executive Changes

Marvell Technology Group Ltd. announced that Mike Rashkin has expressed his intention to retire as chief financial officer, a role that he has held since December 2013. The Board of Directors appointed Sukhi Nagesh, vice president of finance and investor relations, to serve as interim chief financial officer, effective May 22, 2015. Before joining Marvell in 2011, Sukhi served as vice president and semiconductor research analyst at Deutsche Bank in San Francisco. Over his career, Sukhi has played a variety of roles in finance, marketing, and engineering at SG Cowen, Applied Materials, and Asyst Technologies.

Marvell Intends to Pay Quarterly Dividend, Payable on July 1, 2015

Marvell announced that it intends to pay its quarterly dividend of $0.06 per share on July 1, 2015 to all shareholders of record as of June 11, 2015.

 

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Industry Analysis

MRVL

Industry Average

Valuation MRVL Industry Range
Price/Earnings 20.7x
Price/Sales 2.1x
Price/Book 1.4x
Price/Cash Flow 20.1x
TEV/Sales 1.4x
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