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

down 40.74 %

Marvell Technology Group, Ltd. (MRVL) downgraded to Hold by Deutsche Bank

Posted on: Friday,  Oct 19, 2012  8:25 AM ET by Deutsche Bank

Deutsche Bank rated Hold Marvell Technology Group, Ltd. (NASDAQ: MRVL) on 10/19/2012. Previously Deutsche Bank rated Buy Marvell Technology Group, Ltd. (NASDAQ: MRVL)
on 08/19/2011., when the stock price was $12.81. Since then, Marvell Technology Group, Ltd. has lost 40.75% as of 10/19/2012's recent price of $7.59.
If you would have followed the previous Deutsche Bank's recommendation on MRVL, you would have lost 40.74% of your investment in 427 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.

Deutsche Bank is one of the largest European fund managers. DWS was founded in 1956 and is an integral part of the Asset Management division of Deutsche Bank. This division is one of the largest global asset managers.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/19/2012 8:25 AM Hold
as of 12/31/2012
1 Week   
1 Month   
3 Months down  -17.04 %
1 YTD down  -45.19 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
8/19/2011 1:25 PM Buy
12.81 18.00
3/4/2011 1:25 PM Buy
16.50 23.00
8/16/2010 1:25 PM Buy
14.78 25.00
4/27/2010 8:25 AM Buy

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