Marvell stock continues to have dark pool orders every day.

The dark pool block orders reported on August 22, 2019, were:

These orders are not that big relative to the average trading volume in MRVL stock but every day we keep seeing dark pool orders come in.

Marvell stock in the 1-minute time frame on August 22, 2019, with dark pool volume prints on the chart at 12:27 PM and 12:52 PM.

On August 21, 2019, here were the dark pool orders for MRVL stock:

8/21/2019MRVL   500,000  $24.89 6%DARK BLOCK $12.0M
8/21/2019MRVL   367,155  $24.82 4%DARK BLOCK $9.1M
8/21/2019MRVL   400,266  $24.82 5%DARK BLOCK $9.9M

We think these dark pool prints at $24.89 are buy orders as they are occurring off lower uptrend channel support.

Dark pool activity has increased in MRVL stock over the last two days as the stock consolidates just above the lower uptrend channel.

On August 21, 2019, Benchmark transitioned coverage of Marvell to analyst Ruben Roy, who has a Buy rating and $30 price target on the shares. Roy sees Marvell accelerating its exposure to attractive infrastructure end markets with a number of non-core asset divestitures coupled with strategic acquisitions, he stated.

Marvell’s FastLinQ 41000 Series 10GBASE-T Ethernet Adapters are awesome for network administrators responsible for upgrading current 1GbE to 10GbE:

Marvell is also providing infrastructure for the 5G rollout, targeting data centers:

IDC forecasts that spending on 5G infrastructure will hit $26 billion in 2022, compared with just $528 million in 2018. Marvell’s addressable market is going to explode in the coming years, and the company has partnered with the all the key players to take advantage of this long-term opportunity.

Marvell announced in early 2019 that it partnered with Samsung for the deployment of radio technology and processors for use in high-speed 5G networks. Samsung is well-placed to tap into the 5G network infrastructure demand because it is supplying base station equipment to those telecom carriers in the U.S. and South Korea that are engaged in early 5G deployments.

Marvell has its next earnings release on August 29, 2019, so I would not take a entry before that date. For this reason, we are not adding MRVL stock to the long-term GST Portfolio at this time. However, Marvell is a company that is well positioned for both network and data center upgrades as the 5G rollout begins. Add MRVL stock to your watch list.

Disclosure: We do not hold any position in MRVL stock.