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

Rating:
Hold MRVL
up 26.17 %

Marvell Technology Group, Ltd. (MRVL) downgraded to Hold with price target $13 by Deutsche Securities

Posted on: Tuesday,  Jun 23, 2009  8:25 AM ET by Deutsche Securities

Deutsche Securities rated Hold Marvell Technology Group, Ltd. (NASDAQ: MRVL) on 06/23/2009. Previously Deutsche Securities rated Buy Marvell Technology Group, Ltd. (NASDAQ: MRVL)
on 03/24/2009., when the stock price was $9.13. Since then, Marvell Technology Group, Ltd. has gained 26.18% as of 06/23/2009's recent price of $11.52.
If you would have followed the previous Deutsche Securities's recommendation on MRVL, you would have gained 26.17% of your investment in 91 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's award-winning Research team manages a range of functions from asset allocation, through economic forecasting across a broad range of industry sectors including cement and construction, chemicals, electronics, energy, engineering, machinery, media, software, tobacco, retailing and utilities, and oil and gas.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
6/23/2009 8:25 AM Hold
None
11.52 13.00
as of 12/31/2009
1 Week   
1 Month   
3 Months   
1 YTD up  26.17 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/24/2009 8:25 AM Buy
None
9.13
9/4/2008 8:25 AM Hold
None
11.97
8/29/2008 8:25 AM Buy
None
14.29 20.00

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