Marvell's Strong Revenue Growth

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money MRVL call options

Barchart

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Business

Business & Economics

Unusual Call Options Activity in Marvell Technology Highlights the Value of MRVL Stock

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77% Informative

Marvell Technology, Inc. ( MRVL ) is having heavy, unusual call options volume (out-of-the-money calls) after reporting strong earnings results yesterday for its fiscal Q1 ending May 3 .

System-on-a-chip semiconductor designer and MRVL stock is at $ 75.08 , up over 7% in morning trading.

Strong revenue and free cash flow ( FCF ) led to very high FCF margin, despite higher capex spending.

MRVL has a 1.50% FCF yield (i.e., the reciprocal of 67.6x the market cap).

The bottom line is that either from a FCF analysis basis or using analysts' price targets, MRVL stock looks deeply undervalued. So, no wonder investors are trading out-of-the-money MRVL call options in heavy volume. On the date of publication, Mark R. Hake , CFA did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Barchart.com .

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English

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