Marvell (NASDAQ:MRVL) Added to "Top Picks" of Susquehanna, Microchip Technology (NASDAQ:MCHP) Removed

Marvell (NASDAQ:MRVL) was added to the "Top Picks" list of Susquehanna, while Microchip Technology Inc. (NASDAQ:MCHP) was removed, although they both have a "Positive" rating placed on them.

The difference, said Susquehanna, is Marvell has more upside potential then Microchip.

Susquehanna said, "Although we still consider MCHP a core holding, we see more potential upside for MRVL from current levels. We believe revenue expectations have been sufficiently reset in MRVL's core markets and that the principal catalysts in 2011 will be hard-drive share gains, followed by growth in handsets. Coupled with likely multiple expansion given its discounted valuation (11x our CY11 EPS), we see upside to $25."

Marvell closed Tuesday at $20.52, gaining $0.25, or 1.22 percent. Microchip Technologies ended the session at $35.62, up $0.24, or 0.68 percent.