Marvell Technology Group Ltd

Summary (from latest annual report – 2015)

• Total equity  : 5.14 billion USD
• Market Cap is 4.6 billion USD, ( last price of the stock is 8.96 USD)
• Marvell Technology Group Ltd is a fabless semiconductor provider of analog, mixed-signal, digital signal processing and embedded microprocessor integrated circuits
• Company has 1.2 billion USD in cash on account
• Total equity – cash on account = 5.14 billion usd – 1.2 billion usd = 3.94 billion usd
• In 2015 short-term debt was zero, long – term debt was 16 million usd                                     (In 2014 total debt was zero )
• Marvell Technology balance sheet has become stronger  in 2015 (In latest annual report - total equity increased to 5.14 billion  USD from 4.67 in 2014, total debt was 16 million usd in 2015)
• Company's revenue increased in 2015 to 3.7 billion usd from 3.4 billion in 2014
• Net income increased in 2015 to 435 million USD from 315 million usd in 2014
• In 2015 company paid 123 million usd dividend to its shareholders

Marvell Technology Group Ltd Subsidiaries

Marvell Technology Group Ltd is a fabless semiconductor provider of analog, mixed-signal, digital signal processing and embedded microprocessor integrated circuits. The company was founded in 1995 and has approximately 7,000 employees. Marvell's U.S. operating headquarters is located in Santa Clara, California, and the company operates design centers in places including Canada, Europe, Israel, India, Singapore and China.

Through the years, Marvell acquired smaller companies to enter new markets

• In 2000 Marvell Technology Group completed the acquisition of Galileo Technology  for 2.7 billion usd
• In 2002 Marvell Technology Group completed the acquisition of SysKonnect - The terms of the deal weren’t disclosed
• In 2003 Marvell Technology Group completed the acquisition of Radlan for 50 million usd
• In 2005 Marvell Technology Group completed the acquisition of Hard disk controller division of Qlogic for 225 million usd
• In 2005 Marvell Technology Group completed the acquisition of SOC division of UTStarcom for 24 million usd
• In 2006 Marvell Technology Group completed the acquisition of Avago for 240 million usd
• In 2006 Marvell Technology Group completed the acquisition of Xscale product line from Intel for 600 million usd
• In 2008 Marvell Technology Group completed the acquisition of PicoMobile Networks - The terms of the deal weren’t disclosed
• In 2010 Marvell Technology Group completed the acquisition of Diseño de Sistemas en Silicio S.A - The terms of the deal weren’t disclosed
• In 2010 Marvell Technology Group completed the acquisition of Kinoma - The terms of the deal weren’t disclosed
• In 2012 Marvell Technology Group completed the acquisition of Xelerated - The terms of the deal weren’t disclosed

SysKonnect,  PicoMobile Networks , Diseño de Sistemas en Silicio S.A, Kinoma and Xelerated  -  (300 million usd worth)

Total = 4.14 billion USD subsidiaries

Opinion about the company

Fundamentally it is a very  good company and in the future we can expect its growth (Total debt is small (16 million usd), big amount of cash on company's account, ROE is around 7 %).