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Marvell Technology Group, Ltd. (MRVL) [hlAlert]

Rating:
Average MRVL
down 55.28 %

Marvell Technology Group, Ltd. (MRVL) downgraded to Average with price target $12 by Caris & Company

Posted on: Wednesday,  Sep 26, 2012  4:25 PM ET by Caris & Company

Caris & Company rated Average Marvell Technology Group, Ltd. (NASDAQ: MRVL) on 09/26/2012. Previously Caris & Company rated Above Average Marvell Technology Group, Ltd.
(NASDAQ: MRVL) on 03/02/2010., when the stock price was $20.64. Since then, Marvell Technology Group, Ltd. has lost 55.28% as of 09/26/2012's recent price of $9.23.
If you would have followed the previous Caris & Company's recommendation on MRVL, you would have lost 55.28% of your investment in 939 days.

Marvell Technology is a leading designer, developer and supplier of mixed-signal and digital signal processing integrated circuit for high-speed, high-density, digital data storage and broadband digital data networking markets. The company's goal is to continue to support its customers in providing faster, better solutions to meet their customers' needs for increased bandwidth as communication solutions evolve. The company meets this goal with state-of-the-art chip solutions that enable data transfer in data storage devices and networking applications.

Caris & Company, an investment bank created by a diverse group of leading Wall Street professionals. We are founded on the basic principle that Wall Street requires a different type of organization: One that offers objective, conflict-free research, acute focus on customer service, broad institutional coverage, and an unwavering commitment to increasing the value of our clients' portfolios. Quite simply, our goal is to generate solid investment ideas for our clients. We offer a unique, differentiated, conflict-free research perspective on large, mid, and small capitalization companies in four growth oriented verticals: Health Care, Technology, Energy, and Consumer.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/26/2012 4:25 PM Hold
None
9.23 12.00
as of 12/31/2012
1 Week   
1 Month   
3 Months   
1 YTD down  -33.35 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/2/2010 9:25 AM Buy
None
20.64 24.00
12/4/2009 9:25 AM Buy
None
18.00 21.00
8/28/2009 9:25 AM Buy
None
15.73 19.00
8/26/2009 9:25 AM Buy
None
14.09 16.00
5/30/2008 10:25 AM Buy
None
17.41 19.00
2/21/2008 8:25 AM Buy
None
11.31 14.00

(*) Stock Price at the time of the recommendation.
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