Volume Spike Investor

Marvell Technology Group Ltd. (NASDAQ: MRVL) is getting a real boost.  The communications chip maker (ergo designer, fabless) soared in after-hours trading after the company beat earning.  It also raised guidance to $0.33 to $0.39 EPS on revenue of $820 to $850 million, way above the $0.27 EPS and $779.6 million in revenues expected by [...]

Marvell Technology Group Ltd. (NASDAQ: MRVL) is getting bid up and up. The communications chip maker posted a 24% drop in sales to $640.6 million. While this was down sharply, it was well above analyst estimates of $619.83 million; earnings beat but on cost cutting measures. Shares are up 7.5% at $15.70 as of 8:17 [...]

Intel Corp. (Nasdaq: INTC) shares are up 2 percent to $16.87 on volume of 160,000 shares before 9 a.m. Eastern after Bank of America/Merrill raised its rating on the chipmaker to Buy from Neutral, arguing that market participants are underestimating the stock’s potential upside. The Intel rating boost coincides with the brokerage’s move to a [...]

Marvell Technology Group Ltd. (NASDAQ: MRVL) is spiking higher in pre-market trading.  While only 33,000 shares have traded as of 8:53 AM EST, we expect this to trade more shares as the market gets closer to opening. Its average daily volume is more than 15 million and some glitches on the open NASDAQ site may [...]

Analog chipmaker Intersil’s (ISIL) shares are trading about 3% lower on strong early volume as of 10:45 a.m. Eastern, even after the company raised second-quarter revenue guidance. It’s what the company didn’t say that appears to be hitting the stock. The worry among some market participants is that the upside in revenue is driven by [...]

Marvell Technology Group (Nasdaq: MRVL) shares are up more than 2% on fairly strong premarket volume after the company guided second-quarter revenue slightly higher, citing broad improvement in its end markets. The company said it is seeing strengthening in its customers’ business expectations. There’s also reason to beleive Marvell has increased its orders, after Barron’s cited [...]

Marvell Technology Group, Ltd. (NASDAQ: MRVL) just got slapped after earnings came  to a loss for the quarter.  Shares closed at $11.69 and are trading at $11.09, down 5.13% on some 664,778 shares after the closing bell as of 4:33 PM EST. Marvell is close enough of a competitor to Broadcom (NASDAQ: BRCM) that even [...]

Marvell Technology Group Ltd. (NASDAQ: MRVL) is surging this morning.  What is interesting is that this particular price surge is on an earnings warning. On the surface it also looks like a fairly ugly warning even for the current environment (details here).  It seems that maybe the bullish sentiment in th market and some efficiency [...]

We are seeing some select chip stock downgrades affecting shares negatively this morning.  We have shown the downgrades attached and the pre-market reactions seen so far this morning. Marvell Technology (MRVL) was cut to Hold from Buy at Jefferies; shares down over 4% at $14.90 on more than 300,000 shares. Broadcom (BRCM) was cut to [...]