Marvell Technology Group
Third-quarter revenue of $803 million was a 25% sequential increase and a 2% year-over-year gain. Thanks to a much-improved gross margin and some operating efficiencies, those revenue gains multiplied further down the income statement; $0.31 of GAAP earnings per share was a massive improvement over last quarter's $0.09 per share or the year-ago period's $0.11 per share.
Marvell's chips are in high demand, particularly for building smartphones and high-speed enterprise network switches. The recent introduction of the Armada processor should ensure that smartphones and other consumer devices will continue to add to Marvell's top and bottom lines for a long time.
Launched in October as an alternative to high-end mobile processors like the Qualcomm
There are plenty of attractive chip stocks on the market today, but Marvell certainly deserves a second look from any tech-minded investor. Would you buy Marvell today, or is the stock too expensive after tripling in the last year? Discuss in the comments below.