|Bid||0.00 x 1000|
|Ask||0.00 x 900|
|Day's range||85.42 - 86.31|
|52-week range||56.96 - 92.66|
|PE ratio (TTM)||N/A|
|Earnings date||31 Jul 2018 - 6 Aug 2018|
|Forward dividend & yield||N/A (N/A)|
|1y target est||87.00|
Marvell (MRVL) will soon complete its previously announced acquisition of Cavium after receving final clearance from China's State Administration for Market Regulation.
Shares of chip maker Marvell Technology Group (MRVL) are up $1.65, or over 8%, at $21.77, after the company today announced it has received approval by China’s regulatory authorities to proceed with its $6 billion acquisition of Cavium (CAVM), a deal first proposed in November. Approval was a hotly watched topic of late, with some concern among investors that the ongoing trade tensions with China would indefinitely delay or possibly sabotage approval. Cavium shares are up $7.77, or almost 10%, at $87.23.
Mid-caps stocks, like Cavium Inc (NASDAQ:CAVM) with a market capitalization of US$5.81b, aren’t the focus of most investors who prefer to direct their investments towards either large-cap or small-cap stocks.Read More...
Marvell (MRVL) announces pricing of public offering of $1-billion aggregate principal amount of senior notes to partly fund the cash consideration of the pending Cavium buyout.
Shares of Marvell Technology Group Ltd are down 1.8% in Monday morning trading, though Cowen & Co. analyst Karl Ackerman reiterated his bullish view on the company while taking into account the potential benefits from its planned acquisition of Cavium. "With Cavium, the combined company will have an extensive product portfolio across data center networking and storage markets, and Marvell has the opportunity to expand its presence in automotive," Ackerman wrote. "Specifically, a deal with Cavium would expand Marvell's data center presence and augment its switch silicon offering with higher tier ports of 25/50/100Gb intra data center networking silicon products." He said that the acquisition should help Marvell enhance its high-end networking portfolio.
Though the semiconductor industry is well poised to shine in the current reporting cycle, this does not ensure earnings beat for all firms in the space. Let's see what's in store for these stocks.
President Trump's decision to pre-emptively block Broadcom's bid for Qualcomm could lead to a global slowdown in large cross-border M&A.
On a per-share basis, the San Jose, California-based company said it had a loss of 2 cents. Earnings, adjusted for one-time gains and costs, came to 83 cents per share. The results topped Wall Street expectations. ...
Marvell Technology (MRVL) moves a step closer to the completion of its proposed acquisition of Cavium (CAVM) as waiting period under the HSR Act expired last Friday.
Some of Intel Corp's data centre customers, whose thousands of computers run cloud networks, are exploring using microchips from the market leader's rivals to build new infrastructure after the discovery of security flaws affecting most chips. Whether Intel sees a slew of defectors or is forced to offer discounts, the company could take a hit to one of its fastest growing business units. Microsoft Corp said on Tuesday the patches necessary to secure the threats could have a significant performance impact on servers.
Some of Intel Corp's (INTC.O) data center customers, whose thousands of computers run cloud networks, are exploring using microchips from the market leader's rivals to build new infrastructure after the discovery of security flaws affecting most chips. Whether Intel sees a slew of defectors or is forced to offer discounts, the company could take a hit to one of its fastest growing business units. Microsoft Corp (MSFT.O) said on Tuesday the patches necessary to secure the threats could have a significant performance impact on servers.
In the earlier part of this series, we saw that Marvell Technology’s (MRVL) revenue growth underperformed its peers' due to its high exposure to the declining HDD (hard disk drive) market.
So far in this series, we've seen that the semiconductor industry is consolidating to expand in the emerging IoT (Internet-of-Things) and cloud computing markets.
The semiconductor industry is in the midst of a consolidation wave that started in 2015 when the volume of deals reached its highest level.