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Marvell Technology Group Ltd. (MRVL) designs, develops, and sells analog, mixed-signal, digital signal processing, and embedded and standalone integrated circuits. 
It offers a portfolio of Ethernet solutions, including controllers, network adapters, physical transceivers, and switches; single or multiple core processors; custom application specific integrated circuits; and printer SoC products and application processors.
The company also provides a range of storage products comprising storage controllers for hard disk drives (HDD) and solid-state drives that support various host system interfaces consisting of serial attached SCSI (SAS), serial advanced technology attachment (SATA), peripheral component interconnect express, non-volatile memory express (NVMe), and NVMe over fabrics; and fiber channel products, including host bus adapters, and controllers for server and storage system connectivity.
It has operations in the United States, China, Malaysia, the Philippines, Thailand, Singapore, India, Israel, Japan, South Korea, Taiwan, and Vietnam.
Shares are on the cusp of breaking out of their bullish "flag." The Company reported it's quarterly results on December 2nd. Marvell reported 3rd Quarter October 2021 earnings of $0.45 per share on revenue of $1.2 billion. The consensus earnings estimate was $0.38 per share on revenue of $1.2 billion. Revenue grew 61.5% on a year-over-year basis.
The company said it expects fourth quarter non-GAAP earnings of $0.45 to $0.51 per share on revenue of $1.28 billion to $1.36 billion. The current consensus earnings estimate is $0.43 per share on revenue of $1.20 billion for the quarter ending January 31, 2022.
Entry Point: $86.00
Stop Loss: $82.00
Trading Range: $37.92 to $93.85
Target Price: $94.60
