14 Stocks on Jim Cramer’s Radar

7. Marvell Technology, Inc. (NASDAQ:MRVL)

Number of Hedge Fund Holders: 73

Marvell Technology, Inc. (NASDAQ:MRVL) is one of the 14 stocks on Jim Cramer’s radar. A caller asked for Cramer’s thoughts on Marvell Technology, Inc. (NASDAQ:MRVL), and he replied:

“Okay, it’s starting to react correctly. When they reported that great quarter, people didn’t think it was that good. That’s nonsense. Matt Murphy did a terrific job. I like the fact that the stock bounced at 60, and then started heading back, at one point, traded at 71 today. I think you’re in great shape with Marvell Technology. I really like it.”

Marvell (NASDAQ:MRVL) designs semiconductor solutions for data infrastructure and provides advanced system-on-a-chip architectures that integrate analog, mixed-signal, and digital signal processing. The company’s product range includes Ethernet components, custom processors, interconnect and storage solutions, and high-performance networking technologies for data centers and network edge applications. In May, Cramer appreciated the company’s CEO as he said:

“I think Marvell is right to be bought here. I think Matt Murphy did a fantastic job. There was one little glitch involving one customer and it wasn’t, it wasn’t life or death. This level at $60 is a [buy, buy, buy].”