In this article, we discuss the 5 cheap semiconductor stocks to buy now. If you want to read our detailed analysis of the semiconductor industry, go directly to the 10 Cheap Semiconductor Stocks to Buy Now.
5. Marvell Technology, Inc. (NASDAQ:MRVL)
Share price as of Monday, September 20, 2021: $60.68
Number of Hedge Fund Holders: 51
Marvell Technology, Inc. (NASDAQ: MRVL) is headquartered in Santa Clara, California and it targets a variety of enterprise semiconductor segments. Marvell Technology, Inc. (NASDAQ: MRVL) is also famous for having supplied the first WiFi chip for Apple’s original iPhone launched in 2007 and the first in-car mobile WiFi connectivity platform in the Audi A8. However, as mentioned above, its primary markets are the enterprise sectors, where it works with the likes of Microsoft Corporation and Nokia.
Marvell Technology, Inc. (NASDAQ: MRVL) not only offers off the shelf data processing units (DPUs), but it also allows its customers to design their own integrated circuits, which are then made a part of the company’s product packages. It has also partnered with Huawei, Nokia, Samsung, ZTE, and Ericsson for providing processors for the companies’ fifth generation (5G) telecommunications products aimed towards telecommunication carriers. It also provides products to the aerospace and defense industries.
“We also purchased Marvell Technology Group, in the IT sector, a semiconductor maker with exposure to the fast growing 5G and data center markets whose shares sold off in the latest rotation out of growth stocks. Marvell just acquired data center supplier Inphi, a name we have held in other ClearBridge portfolios, which should increase the chipmaker’s cross-selling opportunities in a strong demand environment for chips.”