Last $13.91 USD
Change Today -0.01 / -0.07%
Volume 6.5M
MRVL On Other Exchanges
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As of 8:10 PM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

marvell technology group ltd (MRVL) Snapshot

Open
$13.90
Previous Close
$13.92
Day High
$14.12
Day Low
$13.81
52 Week High
04/1/14 - $16.65
52 Week Low
10/8/13 - $10.87
Market Cap
7.1B
Average Volume 10 Days
6.1M
EPS TTM
$0.89
Shares Outstanding
508.2M
EX-Date
09/9/14
P/E TM
15.6x
Dividend
$0.24
Dividend Yield
1.73%
Current Stock Chart for MARVELL TECHNOLOGY GROUP LTD (MRVL)

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marvell technology group ltd (MRVL) Details

Marvell Technology Group Ltd. designs, develops, and markets analog, mixed-signal, digital signal processing, and embedded and standalone ARM-based integrated circuits. It offers mobile and wireless products comprising communications and applications processors; thin modems; Wi-Fi products, as well as multi-function system-on-a-chips (SoCs), which incorporate multiple wireless communications protocols, including Wi-Fi, Bluetooth, NFC and FM, delivered on a single chip; and mobile computing products. The company also provides a range of integrated data storage products, such as hard disk drive, solid-state drive, and solid state hybrid drive controllers, as well as storage-system products. In addition, it offers networking products comprising cloud infrastructure and service provider infrastructure. Further, the company provides printer-specific standard SoC products, as well as custom printer ASICs; and smart home product portfolio and other products that are designed to enable the next generation of connected consumer platforms, and to enhance the eco-friendly ‘Connected Lifestyle’ throughout the home, ranging from broadband access, home networking, home entertainment, and home automation. 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.

7,355 Employees
Last Reported Date: 03/27/14
Founded in 1995

marvell technology group ltd (MRVL) Top Compensated Officers

Co-Founder, Executive Chairman, Chief Executi...
Total Annual Compensation: $850.0K
Co-founder and President
Total Annual Compensation: $510.0K
Chief Financial Officer and Principal Account...
Total Annual Compensation: $120.0K
Chief Technology Officer
Total Annual Compensation: $307.9K
Compensation as of Fiscal Year 2014.

marvell technology group ltd (MRVL) Key Developments

Marvell Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended August 2, 2014; Provides Earnings Guidance for the Third Quarter of Fiscal 2015; Announces Quarterly Dividend, Payable on October 2, 2014

Marvell Technology Group Ltd. reported unaudited consolidated earnings results for the second quarter and six months ended August 2, 2014. For the quarter, the company reported net revenues were $961,545,000 against $807,056,000 a year ago. Operating income was $120,454,000 against $51,977,000 a year ago. Income before income taxes was $132,717,000 against $60,230,000 a year ago. Net income was $138,870,000 or $0.27 diluted per share against $61,826,000 or $0.12 diluted per share a year ago. Net cash provided by operating activities was $156,954,000 against $86,496,000 a year ago. Purchases of property and equipment was $15,823,000 against $18,981,000 a year ago. Non-GAAP net income was $181,484,000 or $0.34 diluted per share against $117,880,000 or $0.23 diluted per share a year ago. For the six-month period, the company reported net revenues were $1,919,375,000 against $1,541,425,000 a year ago. Operating income was $213,441,000 against $94,858,000 a year ago. Income before income taxes was $227,629,000 against $106,271,000 a year ago. Net income was $238,349,000 or $0.46 diluted per share against $115,035,000 or $0.23 diluted per share a year ago. Net cash provided by operating activities was $392,091,000 against $170,351,000 a year ago. Purchases of property and equipment was $31,954,000 against $39,061,000 a year ago. Non-GAAP net income was $325,634,000 or $0.61 diluted per share against $215,981,000 or $0.42 diluted per share a year ago. The company provided earnings guidance for the third quarter of fiscal 2015. For the period, the company expected GAAP gross margin of 49.7%, non-GAAP gross margin of 50.0%, GAAP diluted earnings per share of $0.21 and non-GAAP diluted earnings per share $0.29. EPS to be in the range of $0.27 - $0.31, below the consensus for $0.32, on revenue in the range of $960 million to $1 billion. At the midpoint of the company's projected guidance, this should translate to a non-GAAP operating margin of approximately 16%, plus or minus 100 basis points. The combination of interest and other income should net out to approximately $1 million, and the company expects tax expense to be approximately $6 million. The company anticipates R&D expenses of approximately $270 million. On the balance sheet, the company currently expect to generate $150 million in free cash flow during the quarter. The company intends to pay its next quarterly dividend of $0.06 per share on October 2, 2014 to all shareholders of record as of September 11, 2014.

Samsung Selects Marvell ARMADA Mobile PXA1088

Marvell announced that Samsung selected the Marvell(R) ARMADA(R) Mobile PXA1088, a highly integrated quad-core application and communications mobile System-on-Chip (SoC), to power Samsung's new 7-inch GALAXY Tab 4 7.0 tablet. The Marvell PXA1088 was chosen for its support of all global broadband 3G standards, and its ability to deliver superior multimedia performance and wireless capabilities for the mass market at an affordable price point. This launch is a continuation of Marvell and Samsung's successful launches of the Samsung GALAXY Tab 3 and GALAXY Tab 3 Lite, both currently shipping to consumers around the globe. As part of Marvell's unified ARMADA Mobile communication processor family, the Marvell PXA1088 is designed with the company's field-proven 3G cellular modem, supporting High Speed Packet Access Plus, (HSPA+) Time Division High Speed Packet Access Plus (TD-HSPA+), and Enhanced Data for GSM Environment (EDGE). The Marvell PXA1088 platform, additionally, is designed to deliver high-performance computing with graphics capabilities, enabling a superior end-user experience for multimedia and gaming applications with universal connectivity. Marvell's complete mobile platform solution supports the latest Avastar(R) WLAN + Bluetooth + FM single-chip SoC family, the GNSS Hybrid Location Processor, and integrated power management and audio codec solutions.

Marvell Announces Introduction of its First Native Non-Volatile Memory Express Solid-State Drive Controller, the 88SS1093

Marvell announced the introduction of its first native Non-Volatile Memory Express (NVMe) solid-state drive (SSD) controller, the 88SS1093. The Marvell(R) 88SS1093 NVMe SSD controller delivers high-performance solid-state storage solutions with a fully Flash-optimized architecture overcoming the SAS/SATA performance limitations by optimizing hardware and software to take full advantage on NAND and addressing the needs of data centers and client systems that utilize next-generation PCIe 3.0 SSD storage. The 88SS1093 also integrates Marvell's third generation NANDEdge(TM) error-correcting, low-density parity check (LDPC) technology for higher reliability and endurance boost that was previously announced with Marvell's fifth generation SATA SSD controller, the 88SS1074. Supporting up to four lanes of PCIe 3.0, the 88SS1093 SSD controller is suitable for full 4GB/s or 2GB/s end points depending on host system customization and enables unparalleled IOPS performance using the NVMe advanced Command Handling. In order to fully utilize the high-speed PCIe connection, Marvell's innovative NVM Express design facilitates PCIe link data flows by deploying massive hardware automation without compromise. Marvell believes this high-efficient data flow management will alleviate the legacy host control bottlenecks and unleash the true Flash performance. The NVMe design has passed in-house SSD validation and third-party operating system and platform compatibility testing. Marvell's third generation NANDEdge error-correcting, low-density parity check (LDPC) technology can support 15nm TLC and 3D NAND, resulting in low enabling cost of TLC and 3D NAND. By developing single code for NANDEdge, SSD firmware developers are able to rapidly leverage one code to the other for the most advanced error-correcting technology for data integrity, endurance and reliability. Key features of Marvell's new 88SS1093 NVMe SSD controller include: Fully hardware automated NVMe 1.1 support; Command overlay and out-of-order data return to deliver the full potential of NAND; Hardware automation on command fetch and status return 15nm TLC/MLC/SLC and 3D NAND support with Marvell NANDEdge LDPC error correction control and management; Advanced Tri-core CPU architecture to support high performance requirements; SRIS capabilities to support SATA Express running PCIe 3.0 speed for the first time; Up to 2TB support; M.2/2.5 slim form factor support with thermal optimization and small package size; New low-power management(L1.2) design; Advanced 28nm CMOS process. The 88SS1093 is currently sampling to customers. Marvell believes its NVMe SSD controllers will be an ideal solution for next generation of high-performance SSD for client platforms coming in 2015 as well as today's hyperscale data center applications.

 

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MRVL

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Valuation MRVL Industry Range
Price/Earnings 16.3x
Price/Sales 1.9x
Price/Book 1.4x
Price/Cash Flow 15.3x
TEV/Sales 1.3x
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