Jim Cramer on Marvell: “I Want You to Buy More”

Marvell Technology, Inc. (NASDAQ:MRVL) is one of the stocks Jim Cramer shed light on. Asking for Cramer’s opinion on the stock, a caller expressed that they are unsure whether they should stick with the stock or not. In response, he said:

“Marvell Technology’s run by Matt Murphy, and I gotta tell you, Matt, Matt is a gamer. I want you to buy more. I kid you not, I think the stock is going higher. Maybe it goes back to, maybe it goes back to par, which is genuine Wall Street gibberish for $100.”

Image by Sergei Tokmakov, Esq. from Pixabay

Marvell Technology, Inc. (NASDAQ:MRVL) designs semiconductor solutions for data infrastructure. The company provides system-on-a-chip architectures, Ethernet products, interconnect technologies, and storage controllers. When a caller asked about the stock in a July episode, Cramer replied:

“You know what? I think it should have gone up after that last quarter. I think Matt Murphy did a terrific job. I don’t really understand the sustained decline. I think that this stock could be ready to roll. Now, Texas Instruments reported… and again, gave weak guidance. Now they’re not exactly the same, but I will tell you that I think that you could see this stock down along with Texas Instruments because Texas Instruments was that bad.”

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Disclosure: None. This article is originally published at Insider Monkey.