Marvell Technology, Inc. (MRVL)
| Market Cap | 58.44B |
| Revenue (ttm) | 5.51B |
| Net Income (ttm) | -933.40M |
| Shares Out | 866.00M |
| EPS (ttm) | -1.08 |
| PE Ratio | n/a |
| Forward PE | 48.27 |
| Dividend | $0.24 (0.36%) |
| Ex-Dividend Date | Apr 11, 2024 |
| Volume | 12,293,933 |
| Open | 65.56 |
| Previous Close | 64.85 |
| Day's Range | 65.48 - 68.03 |
| 52-Week Range | 37.71 - 85.76 |
| Beta | 1.47 |
| Analysts | Strong Buy |
| Price Target | 86.75 (+28.56%) |
| Earnings Date | May 23, 2024 |
About MRVL
Marvell Technology, Inc., together with its subsidiaries, provides data infrastructure semiconductor solutions, spanning the data center core to network edge. The company develops and scales complex System-on-a-Chip architectures, integrating analog, mixed-signal, and digital signal processing functionality. It offers a portfolio of Ethernet solutions, including controllers, network adapters, physical transceivers, and switches; single or multiple core processors; and custom application specific integrated circuits. The company also provides el... [Read more]
Financial Performance
In 2023, MRVL's revenue was $5.51 billion, a decrease of -6.96% compared to the previous year's $5.92 billion. Losses were -$933.40 million, 470.9% more than in 2022.
Financial StatementsAnalyst Forecast
According to 29 analysts, the average rating for MRVL stock is "Strong Buy." The 12-month stock price forecast is $86.75, which is an increase of 28.56% from the latest price.
News
GM Recognizes Marvell With 2023 Overdrive Award For Its Automotive Ethernet Technology
Marvell® Brightlane™ end-to-end Ethernet portfolio enabling connectivity inside GM vehicles SANTA CLARA, Calif. , April 23, 2024 /PRNewswire/ -- Marvell Technology, Inc. (NASDAQ: MRVL), a leader in da...
China remains crucial for U.S. chipmakers as tensions between the world's top two economies rise
Data from S&P Global shows that many U.S. chip giants generate a larger share of revenue from China compared with the U.S. despite increasing trade barriers.
Can Marvell Compete With Nvidia? AI Era Event Sheds Light
It's been a monster year for Nvidia NVDA. The pioneering chipmaker has become the hottest stock in a hot tech market driven by the rapid adoption of Artificial Intelligence (AI) technology. Nvidia is ...
Marvell wins new AI chip business, but at lower margins
Marvell Technology on Thursday said it has won new business helping large U.S.-based cloud computing firms make custom chips for artificial intelligence but that its custom unit carries lower margins ...
Look beyond Nvidia as these three AI-chip stocks win praise from BofA
Nvidia Corp. and Broadcom Inc. shares are BofA's leading ways to play the artificial-intelligence trend within the chip sector, but several other players could carve out a “profitable niche.”
It's time to buy the next leg of the AI story. Think global, says Citi, offering these stock picks.
That was Federal Reserve Gov. Chris Waller pounding the table over the need for patience on interest rate cuts in a much-anticipated speech on Wednesday night.
Buy Marvell stock ($MRVL) ahead of its AI presentation – analyst says
Marvell Technology Inc (NASDAQ: MRVL) has gained some 20% since the start of 2024 but a Citi analyst is convinced it can extend its rally further in the coming months.
Marvell Launches Products, Technology and Partnerships at OFC 2024 to Scale Optical Technology for Accelerated Infrastructure
Marvell to showcase connectivity optimized for diverse architectures and use cases to meet exploding demand for bandwidth SANTA CLARA, Calif. , March 26, 2024 /PRNewswire/ -- Marvell Technology, Inc. ...
Marvell Announces Industry's First 5nm Transmit-Only 800G PAM4 Optical DSP for AI and Cloud Interconnects
Spica Gen2-T adds to the Marvell industry-leading portfolio of 800 Gbps DSPs, the most widely deployed optical DSPs in cloud data centers and AI clusters. Based on Spica Gen2, Spica Gen2-T enables the...
Marvell Doubles Reach of 800 Gbps ZR/ZR+ Pluggable Modules with PCS, Expands Ecosystem for COLORZ® 800
Demonstrates industry's first probabilistic constellation shaping (PCS) capable 800 Gbps ZR/ZR+ small form factor pluggable module at OFC 2024. Arista showcasing latest 51.2 Tb/s switch platform with ...
Marvell Extends 1.6T Connectivity Leadership With Industry's First PAM4 Optical DSP Integrating 200 Gbps Electrical and Optical Interfaces
New Nova 2 PAM4 optical DSP enables greater performance and bandwidth density to optimize AI and cloud infrastructure SANTA CLARA, Calif. , March 25, 2024 /PRNewswire/ -- Marvell Technology, Inc. (NAS...
Marvell Demonstrates Industry's First 200G 3D Silicon Photonics Engine to Scale Accelerated Infrastructure
Marvell 3D Silicon Photonics Engine is designed to enable higher density, lower power optical interconnects for next-generation AI clusters and cloud data centers. The industry's first SiPho Engine wi...
Marvell Technology, Inc. Declares Quarterly Dividend Payment
SANTA CLARA, Calif., March 15, 2024 /PRNewswire/ -- Marvell Technology, Inc. (NASDAQ: MRVL), today announced a quarterly dividend of $0.06 per share of common stock payable on May 1, 2024 to sharehold...
Buy Marvell on AI and data center demand, Tematica Research CIO explains
As part of the latest installment of Yahoo Finance's Good Buy or Goodbye, Tematica Research Chief Investment Officer Chris Versace joins Julie Hyman to give his takes on chip stock Marvell Technology ...
This Analyst With 87% Accuracy Rate Sees More Than 20% Upside In Broadcom - Here Are 5 Stock Picks For Last Week From Wall Street's Most Accurate Analysts - Broadcom (NASDAQ:AVGO), CrowdStrike Holdings (NASDAQ:CRWD)
U.S. stocks closed lower on Friday, following the release of jobs data for the month of February. All three major indices closed the week lower, with the S&P 500 falling 0.26% and the blue-chip Dow de...
Broadcom (AVGO) A.I. Outperforms, Marvell (MRVL) Slumps
Broadcom (AVGO) posts an earnings beat as it's A.I. segment outperforms.
Marvell Technology Stock Slips on Q1 Profit, Revenue Outlook
Shares of Marvell Technology (MRVL) slipped 7% Friday, a day after the maker of integrated circuits posted a weaker-than-expected first-quarter outlook as soaring demand for artificial intelligence (A...
Marvell Optical CTO Dr. Radha Nagarajan Awarded 2024 David Richardson Medal from Optica
30-year optical veteran recognized as outstanding innovator and mentor SANTA CLARA, Calif. , March 8, 2024 /PRNewswire/ -- Marvell Technology, Inc. (NASDAQ: MRVL), a leader in data infrastructure semi...
Marvell Technology's Forecast Wasn't Great. Analyst Says ‘Buy on Weakness.
Investors were disappointed with the financial guidance, while analysts channeled a more long-term and upbeat view.
Chip firm Marvell tumbles as AI demand fails to lift forecast
Chip firm Marvell Technology fell 6% in premarket trading on Friday after its soft forecast showed that a jump in orders for its AI networking equipment was offset by the ongoing slump in demand from ...
Nvidia Stock Extends Its Run Higher. Broadcom and Marvell Shares Fall After Earnings.
Nvidia stock extends a spectacular run that has seen it quadruple in value over the past 12 months.
Marvell Technology stock slips on disappointing Q1 outlook
Marvell Technology (MRVL) reported fourth-quarter results that were in line with Wall Street expectations. Adjusted earnings per share of $0.46 matched the $0.46 estimate.
Marvell Technology Gives a Weak Outlook. The Chip Stock Tanks.
The company's shares fell 10.2% to $76.41 in post-market trading following earnings.
Marvell Technology forecasts first-quarter revenue below estimates
Chipmaker Marvell Technology forecast first-quarter revenue below market expectations on Thursday, hurt by weak demand for its custom chips used in artificial intelligence applications.
Marvell Announces Accelerated Infrastructure for the AI Era Event
SANTA CLARA, Calif. , March 7, 2024 /PRNewswire/ -- Marvell Technology, Inc. (NASDAQ: MRVL), a leader in data infrastructure semiconductor solutions, today announced it will host its Accelerated Infra...