Marvell Technology (MRVL) is a semiconductor company. It is buying Inphi Corporation (IPHI). This will make Marvell a big player in data centers. Demand for the chips from IPHI is likely to increase as more data is stored in data centers due to 5G.
Strategically this is a good acquisition for MRVL. However, MRVL is paying a very high price. This is the reason that MRVL stock has fallen.
The new buy zone is $32 to $36.67. The medium-term target zone is $46 to $52. This may turn into a long term position with a higher target.
The stock was on its way to falling to about $33 when it got pumped on TV. After the influence of the TV pump wanes, the stock may still pull back unless there is another pump. The stop zone is $27 to $29.43.
Increasing the maximum recommended quantity to 30% of full core position size.
This post was published on ZYX Buy Change Alert.
A knowledgeable investor would have turned $100,000 into over $1,000,000 with the help from The Arora Report. NOW YOU TOO CAN ALSO SPECTACULARLY SUCCEED AT MEETING YOUR GOALS WITH THE HELP OF THE ARORA REPORT. You are receiving less than 2% of the content from our paid services. …TO RECEIVE REMAINING 98% INCLUDING MANY ATTRACTIVE INVESTMENT OPPORTUNITIES, TAKE A FREE TRIAL TO PAID SERVICES.
Please click here to take advantage of a FREE 30 day trial.