MRVL Stock Forecast & Price: Based on the Marvell Technology Group Ltd stock forecasts from 21 analysts, the average analyst target price for Marvell Technology Group Ltd is USD 71.79 over the next 12 months. Marvell Technology Group Ltd’s average analyst rating is Strong Buy. Stock Target Advisor’s own stock analysis of Marvell Technology Group Ltd is Slightly Bearish, which is based on 4 positive signals and 6 negative signals. At the last closing, Marvell Technology Group Ltd’s stock price was USD 38.66. Marvell Technology Group Ltd’s stock price has changed by -17.81% over the past week, -22.28% over the past month and -39.06% over the last year.

2. Page 1 of 9 Any information in this report is not , and should not be regarded as investment advice or as a recommendation regarding any particular security or course of
action. We recommend seeking a licensed professional for investment advice.
MRVL:NSD (Marvell Technology Group Ltd)
Semiconductors | NSD | Common Stock
Values as of 11th Oct, 2022
Stock Target Advisor
Detailed Stock Report
Report Date: 12th October, 2022
Last Close
USD 38.66
Change
-1.64(-4.07%)
Market Cap
USD 40.89B
1 Yr Capital Gain
-39.20%
1 Yr Dividend Return
0.38%
1 Yr Total
Return
-38.83%
Earning Growth (5 yr)
-2,090.61%
Average Target Price
71.79(+85.71% )
Average Analyst
Rating
Strong Buy
Fundamental
Analysis
Slightly Bearish
Our view of the stock is Slightly Bearish with a score of 4 out of 10, where 0 is very bearish and 10 very bullish
What to like
High market capitalization
This is one of the largest entities in its sector and is among the top quartile. Such companies tend to be more stable.
Superior risk adjusted returns
This stock has performed well, on a risk adjusted basis, compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile.
Positive cash flow
The company had positive total cash flow in the most recent four quarters.
Positive free cash flow
The company had positive total free cash flow in the most recent four quarters.
What to not like
Below median total returns
The company has under performed its peers on annual average total returns in the past 5 years.
Overpriced on cashflow basis
The stock is trading high compared to its peers on a price to cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering
to buy.
Poor return on assets
The company management has delivered below median return on assets in the most recent 4 quarters compared to its peers.
Overpriced on free cash flow basis
The stock is trading high compared to its peers on a price to free cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are
considering to buy.
Low Earnings Growth
This stock has shown below median earnings growth in the previous 5 years compared to its sector
Low Dividend Growth
This stock has shown below median dividend growth in the previous 5 years compared to its sector.

3. Page 2 of 9 Any information in this report is not , and should not be regarded as investment advice or as a recommendation regarding any particular security or course of
action. We recommend seeking a licensed professional for investment advice.
MRVL:NSD (Marvell Technology Group Ltd)
Semiconductors | | Common Stock
Stock Target Advisor
Detailed Stock Report
Report Date: 12th October, 2022
Adjusted Closing Share Volume
Relative Returns Relative Performance (Total Returns)
Security Capital Gain Dividend Return Total Return
MRVL
Marvell Technology Group Ltd
-39.1% +0.4% -38.7%
QQQ
Invesco QQQ Trust
-26.7% +0.4% -26.3%
Company Overview
Marvell Technology, Inc., together with its subsidiaries, designs, develops, and sells analog, mixed-signal, digital signal processing, and
embedded and standalone integrated circuits. It offers a portfolio of Ethernet solutions, including controllers, network adapters, physical
transceivers, and switches; single or multiple core processors; ASIC; and printer System-on-a-Chip products and application processors. The
company also provides a range of storage products comprising storage controllers for hard disk drives (HDD) and solid-state drives that
support various host system interfaces consisting of serial attached SCSI (SAS), serial advanced technology attachment (SATA), peripheral
component interconnect express, non-volatile memory express (NVMe), and NVMe over fabrics; and fiber channel products, including host
bus adapters, and controllers for server and storage system connectivity. It has operations in the United States, China, Malaysia, the
Philippines, Thailand, Singapore, India, Israel, Japan, South Korea, Taiwan, and Vietnam. Marvell Technology, Inc. was incorporated in 1995
and is headquartered in Wilmington, Delaware.

4. Page 3 of 9 Any information in this report is not , and should not be regarded as investment advice or as a recommendation regarding any particular security or course of
action. We recommend seeking a licensed professional for investment advice.
Company Website
https://www.marvell.com
Address
1000 North West Street, Wilmington, DE, United States, 19801
Fiscal Year End
January
Employees
6695
Technical Indicators
Value Value
Beta 1.48 52 Week High 93.45
Short Ratio 1.77 52 Week Low 38.00
Shorted Shares 17,950,115 200 Day Moving Average 59.51
Shorted Shares Previous Month 16,773,194 50 Day Moving Average 48.87
Shares Held By Insiders 58.40% Short Percentage 2.00%
Shares Held by Institutions 85.69 Dividend Yield 0.60%

5. Page 4 of 9 Any information in this report is not , and should not be regarded as investment advice or as a recommendation regarding any particular security or course of
action. We recommend seeking a licensed professional for investment advice.
MRVL:NSD (Marvell Technology Group Ltd)
Semiconductors | | Common Stock
Stock Target Advisor
Detailed Stock Report
Report Date: 12th October, 2022
Market Performance
Market Performance vs. Industry / Classification (Semiconductors) Market Performance vs. Exchange (Nasdaq Global Select)
Value Sector Median
Percentile
Rank
Grade Market Median Percentile Rank Grade
YTD
Capital Gain -55.81% -45.6% 33% -28.9% 29%
Dividend Return 0.27% 1.2% 11% 1.8% 6%
Total Return -55.54% -42.2% 33% -27.8% 29%
Trailing 12 Months
Capital Gain -39.20% -30.0% 42% -30.7% 44%
Dividend Return 0.38% 1.8% 11% 2.4% 6%
Total Return -38.83% -30.0% 42% -28.6% 44%
Trailing 5 Years
Capital Gain 111.37% 32.4% 79% -9.8% 87%
Dividend Return 6.23% 13.0% 20% 10.2% 24%
Total Return 117.61% 38.1% 79% 0.5% 87%
Average Annual (5 Year Horizon)
Capital Gain 36.23% 21.1% 73% 0.1% 88%
Dividend Return 0.83% 1.9% 17% 1.8% 24%
Total Return 37.06% 21.7% 73% 0.6% 88%
Risk Return Profile
Volatility (Standard
Deviation)
38.65% 43.9% 59% 32.8% 39%
Risk Adjusted Return 95.89% N/A 88% 10.2% 98%
Market Capitalization 40.89B 2.59B 85% 0.30B 99%

6. Page 5 of 9 Any information in this report is not , and should not be regarded as investment advice or as a recommendation regarding any particular security or course of
action. We recommend seeking a licensed professional for investment advice.
Key Financial Ratios
Ratios vs. Industry / Classification (Computer Hardware) Ratios vs. Exchange (Nasdaq Global Select)
Value Sector Median
Percentile
Rank
Grade Market Median Percentile Rank Grade
Market Value
peratio 18.4 18.4 51% 16.9 47%
pbratio 2.7 2.9 55% 1.4 30%
pcfratio 49.9 9.4 4% -1.2 5%
pfcfratio 29.4 8.2 11% -0.1 7%
Management Effectiveness
retequity -1.44% 18.3% 30% -7.2% 55%
retinvcap -1.91% 11.9% 27% -1.5% 49%
retass 0.79% 6.6% 29% -1.0% 62%
debtequityratio 28.56% 35.1% 62% 30.3% 51%
Technical Ratios
yield 0.51% 2.4% 11% 3.1% 6%
sratio 1.77 2.92 77% 2.92 62%
spercent 2.46% 3.1% 61% 2.4% 49%
beta 1.48 1.30 36% 1.07 24%

7. Page 6 of 9 Any information in this report is not , and should not be regarded as investment advice or as a recommendation regarding any particular security or course of
action. We recommend seeking a licensed professional for investment advice.
MRVL:NSD (Marvell Technology Group Ltd)
Semiconductors | | Common Stock
Stock Target Advisor
Detailed Stock Report
Report Date: 12th October, 2022
Recent Analyst Ratings
Price Action Rating Action Analyst Rating Price date
Upgraded by Wells Fargo
Equal Weight »
Overweight
USD 58 2022-10-11
Maintains Citigroup Buy USD 74 » USD 71 2022-10-11
Target Lowered by Needham & Company LLC Buy USD 66 » USD 64 2022-10-11
Maintains B. Riley Neutral USD 63 » USD 52 2022-10-04
Maintains Stifel Nicolaus Research Buy USD 78 » USD 70 2022-09-29
Initiated by BNP Paribas Outperform USD 62 2022-09-13
Target Raised by Bank of America Securities USD 60 » USD 65 2022-08-29
Maintains Citigroup Buy USD 78 » USD 74 2022-08-29
Rates Zacks Research Inc. Sell 2022-08-26
Maintains Wells Fargo Equal-Weight USD 65 » USD 58 2022-08-26
Maintains Morgan Stanley Equal-Weight USD 62 » USD 60 2022-08-26
Maintains KeyBanc Overweight USD 90 » USD 75 2022-08-26
Maintains Goldman Sachs Buy USD 55 » USD 62 2022-08-26
Maintains Barclays Overweight USD 80 » USD 60 2022-07-25
Assumes Benchmark Buy USD 70 2022-07-22
Maintains Deutsche Bank Capital Buy USD 75 » USD 65 2022-07-20
Target Lowered by Goldman Sachs USD 76 » USD 55 2022-07-15
Target Lowered by Bank of America Securities Buy USD 90 » USD 60 2022-06-29
Downgraded by B. Riley Buy » Neutral USD 75 » USD 63 2022-06-15
Maintains Morgan Stanley Equal-Weight USD 68 » USD 62 2022-06-10
Reiterated by Raymond James Capital Buy USD 80 2022-05-29
Maintains KeyBanc Overweight USD 95 » USD 90 2022-05-27
Target Down Craig Hallum USD 90 2022-05-27
Maintains BMO Financial Outperform USD 98 » USD 82 2022-05-27
Maintains Cowen Outperform USD 100 » USD 85 2022-05-27

8. Page 7 of 9 Any information in this report is not , and should not be regarded as investment advice or as a recommendation regarding any particular security or course of
action. We recommend seeking a licensed professional for investment advice.
MRVL:NSD (Marvell Technology Group Ltd)
Semiconductors | | Common Stock
Stock Target Advisor
Detailed Stock Report
Report Date: 12th October, 2022
Annual Financial (USD)

9. Page 8 of 9 Any information in this report is not , and should not be regarded as investment advice or as a recommendation regarding any particular security or course of
action. We recommend seeking a licensed professional for investment advice.
MRVL:NSD (Marvell Technology Group Ltd)
Semiconductors | | Common Stock
Stock Target Advisor
Detailed Stock Report
Report Date: 12th October, 2022
Quarterly Financial (USD)

10. Page 9 of 9 Any information in this report is not , and should not be regarded as investment advice or as a recommendation regarding any particular security or course of
action. We recommend seeking a licensed professional for investment advice.
MRVL:NSD (Marvell Technology Group Ltd)
Semiconductors | | Common Stock
Stock Target Advisor
Detailed Stock Report
Report Date: 12th October, 2022
Largest Industry Peers for Semiconductors
Symbol Company Name Price(Change) Market Cap
NVDA NVIDIA Corporation -0.84 (-0.7%) USD 300.93B
AVGO Broadcom Inc -6.94 (-1.6%) USD 186.50B
TXN Texas Instruments Incorporated -3.34 (-2.1%) USD 143.26B
QCOM Qualcomm Incorporated -4.57 (-4.0%) USD 135.78B
INTC Intel Corporation -0.16 (-0.6%) USD 105.61B
AMD Advanced Micro Devices Inc -0.18 (-0.3%) USD 93.32B
ADI Analog Devices Inc -2.10 (-1.5%) USD 72.47B
MU Micron Technology Inc +2.33 (+4.5%) USD 58.37B
XLNX Xilinx Inc N/A USD 48.41B
NXPI NXP Semiconductors NV -3.75 (-2.5%) USD 39.85B
ETFs Containing MRVL
Symbol Company Name Weight Mer Price(Change) Market Cap
EUSA iShares MSCI USA Equal Weighte.. 0.00 % 0.15 % -0.39 (-2.7%) USD 0.41B
FHQ-F:CA First Trust AlphaDEX U.S. Tech.. 0.00 % 0.00 % N/A USD 0.05B
QQQA ProShares Nasdaq-100 Dorsey Wr.. 0.00 % 0.00 % -0.38 (-2.7%) USD 0.01B
ITEP:LSE HAN-GINS Tech Megatrend Equal .. 0.00 % 0.00 % -14.10 (-2.7%) USD 0.07B
MID S&P Midcap 400 0.00 % 0.00 % -0.72 (-2.7%) USD 0.02B
XRSM:XETRA Xtrackers MSCI USA ESG Screene.. 0.00 % 0.00 % -0.18 (-2.7%) USD 0.11B
QDVC:XETRA iShares Edge MSCI USA Size Fac.. 0.00 % 0.00 % -0.05 (-2.7%) USD 0.12B
EL41:XETRA Deka MSCI USA MC UCITS ETF 0.00 % 0.00 % -0.13 (-2.7%) USD 0.04B
EL41:F Deka MSCI USA MC UCITS ETF 0.00 % 0.00 % -0.34 (-2.7%) USD 0.04B
FPXU:PA First Trust US Equity Opportun.. 0.00 % 0.00 % -0.17 (-2.7%) USD 9.87M
The Stock Target Advisor platform run millions of calculations every day on over 30,000 Canadian and American stocks, comparing and
ranking their financial and market performance against their sectors and exchange.
We represent the percentile ranking using the following grading system.
Letter Grade Percentage Letter Grade Percentage Letter Grade Percentage
A+ 97%-100% A 93%-96% A- 90%-92%
B+ 97%-89% B 83%-86% B- 80%-82%
C+ 77%-79% C 73%-76% C- 70%-72%
D+ 67%-69% D 63%-66% D- 60%-62%
F 0%-59%