This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

5 Stocks David Einhorn Bought -- and So Should You

Marvell Technology Group

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

There's a lot of overlap between Seagate and Marvell Technology Group (MRVL - Get Report), another position that Greenlight added onto in the last quarter. Marvell designs chips used in data storage, networking, and personal electronics, but its bread and butter is supplying control chips to hard drive manufacturers.

Even though Marvell has gotten sold off this year alongside the rest of the semiconductor industry, it shouldn't have been. Here's why.

Unlike most semiconductor firms, Marvell has exposure to two of the most attractive spaces in the tech sector right now: computer storage and mobile handsets. Because Marvell provides chips for both of those high-volume-growth niches, the firm stands to see its top and bottom lines expand together as it ships more chips and flattens down the large fixed costs it runs from developing those chips. More units shipped means that each chip carries a lower portion of those fixed costs, after all.

>>10 Top-Rated Tech Stocks That Pay Big Dividends

Einhorn and company added close to one million shares of MRVL to Greenlight's portfolio in the last quarter, ratcheting the stock's concentration to more than 5% of the hedge fund's total holdings. At present, Greenlight holds around $290 million worth of Marvell stock.

As of the most recently reported period, Marvell was also one of David Tepper's Appaloosa Management holdings and showed up in Daniel Loeb's Third Point portfolio.

5 of 6

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
CSC $65.77 0.00%
DST $107.64 0.00%
EXPE $93.68 0.00%
MRVL $15.24 0.00%
STX $52.76 0.00%


DOW 17,712.66 +34.43 0.19%
S&P 500 2,061.02 +4.87 0.24%
NASDAQ 4,891.2190 +27.8570 0.57%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs