Marvell Technology (MRVL) Announces 17% Reduction in Global Headcount
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Marvell (MRVL) PT Trimmed to $14 at Nomura Amid Mobile Restructuring
September 25, 2015 10:36 AM EDTNomura Securities analyst Sanjay Chaurasia reiterated a Buy rating and lowered his price target on Marvell (NASDAQ: MRVL) to $14.00 (from $16.00) amid the announced mobile restructuring.
Chaurasia commented, "Mobile restructuring removed a substantial drag. But due to lack of a clear growth strategy... More
FBR Capital Raises Price Target on Marvell Technology (MRVL) Following Announced Mobile Platform Restructuring
September 25, 2015 10:34 AM EDTFBR Capital reiterated a Market Perform rating on Marvell (NASDAQ: MRVL), and raised the price target to $11.00 (from $9.00), following the company's announced plans to restructure its mobile platform division. The company plans to right size the divisions expenses and to focus on more profitable investments.
Analyst Christopher Rolland commented, "After the close on Thursday, September 24, Marvell announced a plan to significantly... More
Craig-Hallum Upgrades Marvell (MRVL) to Buy
September 25, 2015 8:17 AM EDTCraig-Hallum upgraded Marvell (NASDAQ: MRVL) from Hold to Buy with a price target of $14.00.
For an analyst ratings summary and ratings history on Marvell click here. For more ratings news on Marvell click here.
Shares of Marvell closed at $9.03 yesterday.
... MoreRBC Capital Raises Price Target on Marvell Technology (MRVL) Following Announced Downsize of Mobile Platform
September 25, 2015 7:57 AM EDTRBC Capital reiterated a Sector Perform rating on Marvell (NASDAQ: MRVL), and raised the price target to $10.00 (from $9.00), following announced downsize of the company's mobile platform. While the restructuring initiative will likely be taken as a positive (material reduction in losses)... More
Piper Jaffray Remains Neutral on Marvell Technology (MRVL) Following Announced Restructure of Mobile Business
September 25, 2015 7:46 AM EDTPiper Jaffray maintained a Neutral rating and $14.00 price target on Marvell (NASDAQ: MRVL) following announced plans to restructure mobile business. The company is restructuring the business to focus on more profitable opportunities.
Analyst Ruben Roy commented, "We view MRVL's announced plans to restructure their mobile business... More
Cowen Remains Bullish on Marvell Technology (MRVL) Following Announced Mobile Platform Closing
September 25, 2015 7:10 AM EDTCowen reiterated an Outperform rating and $14.00 price target on Marvell (NASDAQ: MRVL) following announced closing of the company's mobile platform business. It appears that the company was a victim of bad timing in negotiating a sale or spin-off, with increased competition in... More
Susquehanna Remains Neutral on Marvell Technology (MRVL) Following Announced Closing of Handset Business
September 25, 2015 6:46 AM EDTSusquehanna maintained a Neutral rating and $9.00 price target on Marvell (NASDAQ: MRVL) following the announced resolution of its wireless handset business. Unfortunately, rather than finding a buyer for the business, MRVL has made the decision to close it down. The company intends to significantly downsize its mobile organization to refocus its technology on emerging opportunities in IoT, automotive and networking.
Analyst... More
