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Marvell Technology Group Ltd (MRVL)



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Upturn Advisory Summary
09/16/2025: MRVL (3-star) is currently NOT-A-BUY. Pass it for now.
1 Year Target Price $85.94
1 Year Target Price $85.94
23 | Strong Buy |
9 | Buy |
5 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 57.48% | Avg. Invested days 38 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Large-Cap Stock | Market Capitalization 58.13B USD | Price to earnings Ratio - | 1Y Target Price 85.94 |
Price to earnings Ratio - | 1Y Target Price 85.94 | ||
Volume (30-day avg) 37 | Beta 1.85 | 52 Weeks Range 47.00 - 127.23 | Updated Date 09/16/2025 |
52 Weeks Range 47.00 - 127.23 | Updated Date 09/16/2025 | ||
Dividends yield (FY) 0.36% | Basic EPS (TTM) -0.12 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date 2025-08-28 | When After Market | Estimate 0.67 | Actual 0.67 |
Profitability
Profit Margin -1.43% | Operating Margin (TTM) 14.9% |
Management Effectiveness
Return on Assets (TTM) 2.42% | Return on Equity (TTM) -0.75% |
Valuation
Trailing PE - | Forward PE 24.15 | Enterprise Value 61614335000 | Price to Sales(TTM) 8.03 |
Enterprise Value 61614335000 | Price to Sales(TTM) 8.03 | ||
Enterprise Value to Revenue 8.52 | Enterprise Value to EBITDA 43.17 | Shares Outstanding 862099968 | Shares Floating 859151618 |
Shares Outstanding 862099968 | Shares Floating 859151618 | ||
Percent Insiders 0.34 | Percent Institutions 85.71 |
Upturn AI SWOT
Marvell Technology Group Ltd

Company Overview
History and Background
Marvell Technology Group Ltd. was founded in 1995. Initially focused on storage solutions, it expanded into networking and connectivity. Significant milestones include acquisitions like Cavium (2019) and Innovium (2021), diversifying its product portfolio and increasing market share.
Core Business Areas
- Data Center: Offers a wide range of solutions for data center infrastructure, including Ethernet switches, server connectivity, and custom ASICs.
- Carrier Infrastructure: Provides networking and compute solutions for 5G and other telecom applications, including baseband processors and transport switches.
- Enterprise Networking: Focuses on Ethernet switches and controllers for enterprise-grade networks, including SMBs and large corporations.
- Automotive: Develops automotive Ethernet solutions, storage, and compute for advanced driver-assistance systems (ADAS) and in-vehicle networking.
- Consumer: Offers solutions for SSD controllers and Wi-Fi/Bluetooth combo chips for consumer devices, including storage, gaming, and IoT.
Leadership and Structure
Matt Murphy is the CEO. The organizational structure is based on business units aligned with core markets, supported by centralized engineering, sales, and marketing functions.
Top Products and Market Share
Key Offerings
- Ethernet Switches: Marvell is a significant player in Ethernet switches for data centers, enterprise networks, and carrier infrastructure. Competitors include Broadcom (AVGO) and Cisco (CSCO). Market share varies by segment but is estimated between 15-25% overall in enterprise networking. Revenue contribution is significant.
- Storage Controllers: Offers SSD and HDD controllers for various applications. Competitors include Micron (MU) and Western Digital (WDC). Market share is around 20-25% in the SSD controller market, depending on the specific segment. Revenue contribution is significant.
- Connectivity Solutions: Provides Wi-Fi, Bluetooth, and Ethernet connectivity chips. Competitors include Qualcomm (QCOM) and MediaTek. Holds a modest but growing share in certain connectivity segments. Revenue contribution is significant.
- Custom ASICs: Designs and manufactures custom ASICs for various applications. Competitors include Broadcom (AVGO) and GlobalFoundries (GFS). Market share varies by segment and customer, but it's a strategic growth area for Marvell.
Market Dynamics
Industry Overview
The semiconductor industry is currently experiencing cyclical headwinds after a period of high growth. Factors include inventory corrections and slowing demand in certain sectors like consumer electronics. However, long-term growth is expected to continue, driven by trends such as AI, 5G, and cloud computing.
Positioning
Marvell is positioned as a provider of high-performance connectivity and compute solutions. Its competitive advantages include a diversified product portfolio, strong customer relationships, and expertise in analog and mixed-signal design.
Total Addressable Market (TAM)
The semiconductor TAM is estimated to be hundreds of billions of dollars. Marvell is well-positioned to capture a significant portion of this TAM, particularly in its target markets of data center, 5G, and automotive.
Upturn SWOT Analysis
Strengths
- Diversified product portfolio
- Strong customer relationships
- Expertise in analog and mixed-signal design
- Strategic acquisitions enhancing product offerings
- Strong presence in data center and 5G markets
Weaknesses
- Reliance on a few key customers
- Exposure to cyclical industry downturns
- High R&D expenses
- Dependence on third-party manufacturing
Opportunities
- Growth in AI and machine learning
- Expansion of 5G infrastructure
- Increasing demand for cloud computing
- Adoption of automotive Ethernet
- Growth in custom ASICs.
Threats
- Intense competition
- Technological obsolescence
- Economic downturns
- Geopolitical risks
- Supply chain disruptions
Competitors and Market Share
Key Competitors
- AVGO
- QCOM
- INTC
- TXN
- MTK.IL
Competitive Landscape
Marvell's advantages include its diversified product portfolio and strong customer relationships. Disadvantages include its reliance on a few key customers and exposure to cyclical industry downturns.
Major Acquisitions
Innovium
- Year: 2021
- Acquisition Price (USD millions): 1100
- Strategic Rationale: To strengthen Marvell's position in the cloud data center market with Innovium's high-performance switch silicon.
Cavium
- Year: 2019
- Acquisition Price (USD millions): 6000
- Strategic Rationale: To expand Marvell's addressable market and product offerings in networking, security, and compute.
Growth Trajectory and Initiatives
Historical Growth: Historical growth has been driven by strategic acquisitions and expansion into high-growth markets like data center and 5G.
Future Projections: Analyst estimates generally project continued revenue growth, driven by the same trends. Profitability is expected to remain strong.
Recent Initiatives: Recent strategic initiatives include the development of new products for AI and machine learning, and partnerships to expand its reach in the automotive market.
Summary
Marvell demonstrates a decent financial profile, fueled by strategic acquisitions and a focus on growing markets like data centers and 5G. The company faces cyclical industry headwinds and intense competition. Marvell should continue innovating and diversify customer base to secure future growth. Overall, the company's financial health and future growth potential look promising.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company SEC Filings (10-K, 10-Q)
- Analyst Reports (e.g., from major investment banks)
- Industry Publications
- Marvell Investor Relations website
- Financial News Outlets (e.g., Bloomberg, Reuters)
Disclaimers:
This analysis is for informational purposes only and does not constitute financial advice. Investment decisions should be based on thorough research and consultation with a qualified financial advisor. Market conditions and company performance can change rapidly.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Marvell Technology Group Ltd
Exchange NASDAQ | Headquaters Wilmington, DE, United States | ||
IPO Launch date 2000-06-27 | CEO & Chairman Mr. Matthew J. Murphy | ||
Sector Technology | Industry Semiconductors | Full time employees 7042 | Website https://www.marvell.com |
Full time employees 7042 | Website https://www.marvell.com |
Marvell Technology, Inc., together with its subsidiaries, provides data infrastructure semiconductor solutions, spanning the data center core to network edge. The company develops and scales system-on-a-chip architectures, integrating analog, mixed-signal, and digital signal processing functionality. It offers a portfolio of ethernet solutions, including spanning controllers, network adapters, physical transceivers, and switches; single or multiple core processors; and custom application specific integrated circuits. The company also provides interconnect products, including pulse amplitude modulation, coherent and coherent-lite digital signal processors (DSPs), laser drivers, trans-impedance amplifiers, silicon photonics, co-packaged optics, linear pluggable optics chipsets, data center interconnect, active electrical cable DSPs and peripheral component interconnect express retimer solutions; fibre channel products comprising host bus adapters and controllers; storage controllers for hard disk drives and solid-state-drives; host system interfaces, including serial advanced technology attachment and serial attached SCSI, peripheral component interconnect express, non-volatile memory express (NVMe), and NVMe over fabrics. It operates in the United States, Argentina, China, India, Israel, Japan, Singapore, South Korea, Taiwan, and Vietnam. Marvell Technology, Inc. was incorporated in 1995 and is headquartered in Wilmington, Delaware.

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