Report
Abhinav Davuluri
EUR 147.86 For Business Accounts Only

Relaunching Coverage of Marvell With $10 Fair Value Estimate and No Moat Rating

After transferring coverage of Marvell to a new analyst, we are raising our fair value estimate modestly to $10 per share. Marvell is a leading supplier of chips into the hard disk drive, or HDD, storage industry. However, the firm faces numerous challenges across its various end markets, and recent accounting and litigation issues raise additional red flags for us. Although the firm does boast design expertise in its HDD controller business, the secular transition from HDDs to solid state drive...
Underlying
Marvell Technology Group Ltd.

Marvell Technology Group is a semiconductor provider of application-specific products. The company is focused on the development of System-on-a-Chip devices, utilizing its technology portfolio of intellectual property in the areas of analog, mixed-signal, digital signal processing, and embedded and standalone integrated circuits. The company develops integrated hardware platforms along with software that incorporates digital computing technologies. In storage, the company is engaged in fibre channel products and data storage controller solutions spanning cloud, enterprise, edge and personal computing markets. The company's networking products include ethernet solutions, embedded processors and WiFi connectivity solutions.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Abhinav Davuluri

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