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Marvell Technology Group Ltd.

MRVL.OQ

Latest Trade

28.49USD

Change

0.24(+0.85%)

Volume

3,183,974

Today's Range

28.25

 - 

28.86

52 Week Range

16.33

 - 

28.86

As of on the NASDAQ ∙ Minimum 15 minute delay

Latest Developments

Marvell Technology Posts Q3 GAAP Loss Per Share Of $0.12

Dec 3 (Reuters) - Marvell Technology Group Ltd <MRVL.O>::Q3 NON-GAAP EARNINGS PER SHARE $0.17.Q3 GAAP LOSS PER SHARE $0.12.Q3 REVENUE $662 MILLION VERSUS REFINITIV IBES ESTIMATE OF $664.5 MILLION.Q3 EARNINGS PER SHARE ESTIMATE $0.17 -- REFINITIV IBES DATA.SEES Q4 2020 NON-GAAP EARNINGS PER SHARE $0.15 TO $0.19.SEES Q4 2020 GAAP LOSS PER SHARE $0.17 TO $0.23.SEES Q4 2020 GAAP GROSS MARGIN IS EXPECTED TO BE APPROXIMATELY 45.5%.SEES Q4 2020 REVENUE EXPECTED TO BE $750 MILLION PLUS/MINUS 3%.SEES Q4 2020 ADJUSTED. GROSS MARGIN TO BE APPROXIMATELY 62%.Q4 EARNINGS PER SHARE VIEW $0.21, REVENUE VIEW $699.5 MILLION -- REFINITIV IBES DATA.MARVELL'S Q4 GUIDANCE INCLUDES EXPECTED RESULTS FROM AQUANTIA AND AVERA ACQUISITIONS FOR FULL QUARTER.Q4 GUIDANCE INCLUDES EXPECTED RESULTS FOR FULL QUARTER FROM WI-FI CONNECTIVITY BUSINESS.MARVELL TECHNOLOGY GROUP - MARVELL'S Q4 GUIDANCE TAKES INTO ACCOUNT U.S. GOVERNMENT'S EXPORT RESTRICTION ON CERTAIN CHINESE CUSTOMERS.ONCE WI-FI CONNECTIVITY BUSINESS IS DIVESTED TO NXP, MARVELL WILL UPDATE ITS REVENUE GUIDANCE FOR Q4.

NXP Semiconductors Says Expects To Close Marvell Transaction In First Half Of December 2019

Dec 3 (Reuters) - NXP Semiconductors NV <NXPI.O>::NXP AND MARVELL ANNOUNCE FINAL REGULATORY APPROVAL AND EXPECTED CLOSE DATE FOR NXP’S ACQUISITION OF MARVELL’S WI-FI AND BLUETOOTH CONNECTIVITY ASSETS.NXP SEMICONDUCTORS NV - EXPECT TO CLOSE MARVELL TRANSACTION IN FIRST HALF OF DECEMBER 2019.

Starboard Value Takes Share Stake In Box, Dissolves In Marvell Technology

Nov 14 (Reuters) - Starboard Value LP::STARBOARD VALUE LP TAKES SHARE STAKE OF ABOUT 7.0 MILLION CLASS A SHARES IN BOX INC - SEC FILING.STARBOARD VALUE LP DISSOLVES SHARE STAKE IN KAR AUCTION SERVICES INC.STARBOARD VALUE LP DISSOLVES SHARE STAKE IN MARVELL TECHNOLOGY GROUP LTD.STARBOARD VALUE LP DISSOLVES SHARE STAKE IN NATUS MEDICAL INC.STARBOARD VALUE LP - CHANGE IN HOLDINGS ARE AS OF SEPTEMBER 30, 2019 AND COMPARED WITH THE PREVIOUS QUARTER ENDED AS OF JUNE 30, 2019.

Adage Capital Partners Ups Share Stake In IBM And Metlife, Cuts in Morgan Stanley

Nov 14 (Reuters) - Adage Capital Partners GP LLC::ADAGE CAPITAL PARTNERS GP LLC UPS SHARE STAKE IN IBM BY 35.5 PERCENT TO 1.1 MILLION SHARES - SEC FILING.ADAGE CAPITAL PARTNERS GP LLC UPS SHARE STAKE IN MARVELL TECHNOLOGY GROUP LTD BY 23.3 PERCENT TO 3.3 MILLION SHARES.ADAGE CAPITAL PARTNERS GP LLC UPS SHARE STAKE IN RANGE RESOURCES CORP TO 4.0 MILLION SHARES FROM 1.6 MILLION SHARES.ADAGE CAPITAL PARTNERS GP LLC UPS SHARE STAKE IN METLIFE INC BY 22.6 PERCENT TO 1.0 MILLION SHARES.ADAGE CAPITAL PARTNERS GP LLC CUTS SHARE STAKE IN MORGAN STANLEY BY 24.8 PERCENT TO 1.5 MILLION SHARES.ADAGE CAPITAL PARTNERS GP LLC - CHANGE IN HOLDINGS ARE AS OF SEPTEMBER 30, 2019 AND COMPARED WITH THE PREVIOUS QUARTER ENDED AS OF JUNE 30, 2019.

Marvell Technology Group Ltd - On November 4, 2019, Entered Into A90-Dayterm Credit Agreement

Nov 5 (Reuters) - Marvell Technology Group Ltd <MRVL.O>::MARVELL TECHNOLOGY GROUP LTD - ON NOVEMBER 4, 2019, ENTERED INTO A90-DAYTERM CREDIT AGREEMENT.MARVELL TECHNOLOGY GROUP LTD - BRIDGE CREDIT AGREEMENT PROVIDES FOR BORROWINGS UNDER A TERM LOAN FACILITY OF UP TO $600 MILLION.MARVELL TECHNOLOGY GROUP LTD - BRIDGE CREDIT AGREEMENT IS UNSECURED.MARVELL TECHNOLOGY - BRIDGE CREDIT AGREEMENT PROVIDES FOR BORROWINGS UNDER A TERM LOAN FACILITY OF UP TO $600 MILLION WITH MATURITY DATE OF FEB 3, 2020.

Marvell Technology Group Ltd Reports Q2 Non-Gaap Earnings Per Share $0.16

Aug 29 (Reuters) - Marvell Technology Group Ltd <MRVL.O>::. REPORTS SECOND QUARTER OF FISCAL YEAR 2020 FINANCIAL RESULTS.Q2 NON-GAAP EARNINGS PER SHARE $0.16.Q2 GAAP LOSS PER SHARE $0.09.Q2 REVENUE $657 MILLION VERSUS REFINITIV IBES ESTIMATE OF $652.1 MILLION.Q2 EARNINGS PER SHARE ESTIMATE $0.15 -- REFINITIV IBES DATA.SEES Q3 2020 NON-GAAP EARNINGS PER SHARE $0.15 TO $0.19.SEES Q3 2020 GAAP LOSS PER SHARE $0.05 TO $0.09.MARVELL'S Q3 GUIDANCE TAKES INTO ACCOUNT U.S. GOVERNMENT'S EXPORT RESTRICTION ON HUAWEI..IN Q3, WE FACE A WORSENING MACRO ENVIRONMENT ALONG WITH ONGOING IMPACT FROM CURRENT RESTRICTIONS ON SHIPMENTS TO HUAWEI.SEES 2020 GAAP GROSS MARGIN IS EXPECTED TO BE 53.5% TO 54.5%.SEES 2020 NON-GAAP GROSS MARGIN TO BE 63% TO 64%.Q3 REVENUE IS EXPECTED TO BE $660 MILLION PLUS OR MINUS 3%..Q3 EARNINGS PER SHARE VIEW $0.21, REVENUE VIEW $697.6 MILLION -- REFINITIV IBES DATA.

Soros Fund Management Takes Stake in Symantec and eBay, Dissolves in Marvell Technology

Aug 14 (Reuters) - Soros Fund Management::SOROS FUND MANAGEMENT TAKES SHARE STAKE OF 1.1 MILLION SHARES IN EBAY INC - SEC FILING.SOROS FUND MANAGEMENT DISSOLVES SHARE STAKE IN MARVELL TECHNOLOGY.SOROS FUND MANAGEMENT TAKES SHARE STAKE OF 1.9 MILLION SHARES IN SYMANTEC CORP.SOROS FUND MANAGEMENT LLC UPS SHARE STAKE IN DENBURY RESOURCES INC TO 6.5 MILLION SHARES FROM 2.5 MILLION SHARES.SOROS FUND MANAGEMENT LLC UPS SHARE STAKE IN ALTABA INC BY 4.7% TO 2.5 MILLION SHARES.SOROS FUND MANAGEMENT LLC - CHANGE IN HOLDINGS ARE AS OF JUNE 30, 2019 AND COMPARED WITH THE PREVIOUS QUARTER ENDED AS OF MARCH 31, 2019.

Starboard Cuts Share Stake In Dollar Tree By 68.4%

Aug 14 (Reuters) - STARBOARD VALUE LP::STARBOARD VALUE LP CUTS SHARE STAKE IN DOLLAR TREE INC BY 68.4% TO 555,574 SHARES - SEC FILING.STARBOARD VALUE LP CUTS SHARE STAKE IN MARVELL TECHNOLOGY GROUP LTD BY 96.0 PERCENT TO 787,543 SHARES.STARBOARD VALUE LP - CHANGE IN HOLDINGS ARE AS OF JUNE 30, 2019 AND COMPARED WITH THE PREVIOUS QUARTER ENDED AS OF MARCH 31, 2019.

Marvell Technology Group Reports Q1 Loss Per Share Of $0.07

May 30 (Reuters) - Marvell Technology Group Ltd <MRVL.O>::REPORTS FIRST QUARTER OF FISCAL YEAR 2020 FINANCIAL RESULTS.Q1 NON-GAAP EARNINGS PER SHARE $0.16.Q1 GAAP LOSS PER SHARE $0.07.Q1 REVENUE $662 MILLION VERSUS REFINITIV IBES ESTIMATE OF $650.5 MILLION.Q1 EARNINGS PER SHARE ESTIMATE $0.14 -- REFINITIV IBES DATA.SEES Q2 2020 NON-GAAP EARNINGS PER SHARE $0.13 TO $0.17.SEES Q2 2020 GAAP LOSS PER SHARE $0.05 TO $0.09.Q2 NON-GAAP GROSS MARGIN IS EXPECTED TO BE 63% TO 64%.Q2 GAAP GROSS MARGIN IS EXPECTED TO BE 53% TO 54%.Q2 REVENUE IS EXPECTED TO BE $650 MILLION +/- 3%.Q2 EARNINGS PER SHARE VIEW $0.19, REVENUE VIEW $680.9 MILLION -- REFINITIV IBES DATA.

Nxp To Acquire Marvell’S Wifi And Bluetooth Connectivity Assets

NXP Semiconductors NV <NXPI.O>::NXP TO ACQUIRE MARVELL’S WIFI AND BLUETOOTH CONNECTIVITY ASSETS.NXP SEMICONDUCTORS NV - DEAL FOR $1.76 BILLION IN CASH.NXP SEMICONDUCTORS NV - ANTICIPATES REVENUE ASSOCIATED WITH ACQUIRED ASSETS TO DOUBLE BY 2022.NXP SEMICONDUCTORS NV - ACQUISITION ENCOMPASSES MARVELL'S WIFI CONNECTIVITY BUSINESS UNIT, BLUETOOTH TECHNOLOGY PORTFOLIO AND RELATED ASSETS..NXP SEMICONDUCTORS NV - DEAL TO BE ACCRETIVE TO NXP NON-GAAP OPERATING PROFIT IN FIRST FULL QUARTER AFTER DEAL CLOSES.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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