Marvell Technology, Inc. (MRVL)

NASDAQ: MRVL · IEX Real-Time Price · USD
-0.27 (-0.53%)
At close: Dec 6, 2023, 4:00 PM
+0.12 (0.24%)
Pre-market: Dec 7, 2023, 7:14 AM EST
Market Cap 43.60B
Revenue (ttm) 5.50B
Net Income (ttm) -556.10M
Shares Out 864.50M
EPS (ttm) -0.65
PE Ratio n/a
Forward PE 41.03
Dividend $0.24 (0.48%)
Ex-Dividend Date Oct 5, 2023
Volume 6,951,043
Open 51.56
Previous Close 50.70
Day's Range 50.35 - 51.86
52-Week Range 33.75 - 67.99
Beta 1.44
Analysts Strong Buy
Price Target 68.80 (+36.43%)
Earnings Date Nov 30, 2023

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, 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; custom application specific integrated circuits; and System-on-a-Chip solutions. The... [Read more]

Industry Semiconductors
Sector Technology
IPO Date Jun 27, 2000
Employees 7,448
Stock Exchange NASDAQ
Ticker Symbol MRVL
Full Company Profile

Financial Performance

In 2022, MRVL's revenue was $5.92 billion, an increase of 32.66% compared to the previous year's $4.46 billion. Losses were -$163.50 million, -61.16% less than in 2021.

Financial Statements

Analyst Forecast

According to 25 analysts, the average rating for MRVL stock is "Strong Buy." The 12-month stock price forecast is $68.8, which is an increase of 36.43% from the latest price.

Price Target
(36.43% upside)
Analyst Consensus: Strong Buy
Stock Forecasts


Two New Marvell OCTEON 10 Processors Bring Server-Class Performance to Networking Devices

Broadly available to OEMs, the Marvell ® OCTEON ® 10 CN102 and CN103 triple the performance of existing Marvell solutions while cutting power by 50%  SANTA CLARA, Calif. , Dec. 6, 2023 /PRNewswire/ --...

22 hours ago - PRNewsWire

Marvell Extends Connectivity Leadership for Accelerated Computing With Two Cloud-Optimized PAM4 Optical DSPs

Perseus is the industry's first 400/800 Gbps 5nm PAM4 optical DSP integrating both a TIA and VCSEL driver for optimal short-reach connection performance. Spica Gen2, an 800 Gbps PAM4 optical DSP engin...

22 hours ago - PRNewsWire

Marvell Technology at a critical pivot: 30% upside is possible

Marvell Technology's NASDAQ: MRVL stock is at a critical pivot point, trading near critical support in the middle of a trading range. The technical outlook is biased to the downside, but a new low may...

1 day ago - MarketBeat

Marvell Shares Tumble as Revenue Forecast Misses Estimates, Citing 'Weak Environment'

Marvell Technology Inc. (MRVL) shares fell over 5% early Friday after the chip maker's revenue declined and its forecast for the fourth quarter came in lower than expected amid a "weak environment."

5 days ago - Investopedia

Marvell Stock Drops After Earnings. Analysts Say Be Patient on the AI Story.

Analysts remain confident Marvell will gain from investments in artificial intelligence.

6 days ago - Barrons

Marvell's stock rises after earnings, with data-center sales set to accelerate

Marvell Technology Inc. expects a sequential acceleration in its data-center business during the current quarter, and its shares were heading higher in Thursday's aftermarket action despite lower-than...

6 days ago - Market Watch

Marvell Technology, Inc. Reports Third Quarter of Fiscal Year 2024 Financial Results

Q3 Net Revenue: $1.419 billion, declined by 8% year-on-year Q3 Gross Margin: 38.9% GAAP gross margin; 60.6% non-GAAP gross margin Q3 Diluted income (loss) per share: $(0.19) GAAP diluted loss per shar...

6 days ago - PRNewsWire

Marvell Joins Ultra Ethernet Consortium to Drive Network Enhancements for AI and Accelerated Computing

Membership reinforces company's commitment to innovation in data center network infrastructure, Ethernet technology and standards-based open ecosystems SANTA CLARA, Calif. , Nov. 28, 2023 /PRNewswire/...

8 days ago - PRNewsWire

The Best Semiconductor Stocks to Buy

Semiconductor stocks are on the mend after a rough stretch and all the drivers remain in place for continued success going forward.

16 days ago - Kiplinger

Marvell Technology, Inc. Announces Conference Call to Review Third Quarter of Fiscal Year 2024 Financial Results

SANTA CLARA, Calif. , Nov. 2, 2023 /PRNewswire/ -- Marvell Technology, Inc. (NASDAQ: MRVL), a leader in infrastructure semiconductor solutions, today announced it will conduct a conference call follow...

4 weeks ago - PRNewsWire

Marvell Showcases Technology for Next-Generation AI and Cloud Networks at OCP Global Summit

Keynote by EVP & GM Dr. Loi Nguyen will explore how high-speed optics are solving the generative AI bandwidth challenge SANTA CLARA, Calif. , Oct. 17, 2023 /PRNewswire/ -- Marvell Technology, Inc. (NA...

7 weeks ago - PRNewsWire

Marvell, F5 and Arm Collaborate to Enable First Open Programmable Infrastructure Project Demonstration at 2023 OCP Global Summit

Marvell ® OCTEON® 10 DPU and F5 NGINX Application Show How Linux Foundation's OPI Improves Portability of Cloud and Data Center Applications SANTA CLARA, Calif. , Oct. 16, 2023 /PRNewswire/ -- Marvell...

Other symbols: FFIV
7 weeks ago - PRNewsWire

Marvell Demonstrates 200G Electrical Interconnect Technology at 2023 OCP Global Summit

Electrical breakthrough powered by 224G long-reach SerDes is critical building block for the AI era SANTA CLARA, Calif. , Oct. 16, 2023 /PRNewswire/ -- Marvell Technology, Inc. (NASDAQ: MRVL), a leade...

7 weeks ago - PRNewsWire

4 Chip Stocks to Consider for Semiconductor Earnings Season

Nvidia stock is one of Oppenheimer's top four artificial-intelligence chip picks heading into earnings season.

Other symbols: AVGOMPWRNVDA
2 months ago - Barrons

Nvidia and Marvell Are Still Winners, but Sell These 2 Chip Stocks, Citi Says

Citi analysts downgraded Skyworks Solutions and Qorvo to Sell from Neutral in a Tuesday report. It kept Buy ratings on Nvidia and Marvell.

Other symbols: NVDA
2 months ago - Barrons

Marvell to Showcase Industry-First High-Speed Connectivity Solutions for the AI Era at ECOC 2023

SANTA CLARA, Calif., Sept. 28, 2023 /PRNewswire/ -- Marvell Technology, Inc. (NASDAQ: MRVL), a leader in data infrastructure semiconductor solutions, will showcase its latest optical connectivity and ...

2 months ago - PRNewsWire

5 Oversold Semiconductor Stocks to Nibble On Ahead of Q3 Earnings

Semiconductor stocks have struggled over the past few months and present an opportunity for traders as the Q3 earnings season approaches. Many of these stocks have been beaten down hard and are overso...

2 months ago - MarketBeat

Top stocks to watch for September 20, 2023: KB Home, Marvell Tech, Crowdstrike

Stocks are trading lower the morning after the Federal Reserve's decision to hold rates steady at its September meeting. KB Home (KBH) shares dip in the early trading session despite the company's thi...

Other symbols: CRWDKBH
2 months ago - Yahoo Finance

Marvell Technology, Inc. Declares Quarterly Dividend Payment

SANTA CLARA, Calif. , Sept. 15, 2023 /PRNewswire/ -- Marvell Technology, Inc. (NASDAQ: MRVL), today announced a quarterly dividend of $0.06 per share of common stock payable on October 25, 2023 to sha...

2 months ago - PRNewsWire

Vietnam's Economy Is on Fire. Why Its Stocks Aren't.

Vietnam's economy is growing, but there still aren't many stocks for investors to choose from, even 35 years after Communist leaders launched market reform.

Other symbols: AMKRVNM
2 months ago - Barrons

Marvell CEO Matt Murphy Joins President Joseph Biden and U.S. Business Delegation on Trade Meetings with Vietnam

SANTA CLARA, Calif. , Sept. 11, 2023 /PRNewswire/ -- Marvell Technology, Inc. (NASDAQ: MRVL), a leader in data infrastructure semiconductor solutions, today announced that its Chairman and Chief Execu...

3 months ago - PRNewsWire

Top Wall Street analysts pick these 5 stocks for compelling returns, including Nvidia

TipRanks' analyst ranking service pinpoints Wall Street's best-performing stocks, including Nvidia and Palo Alto.

3 months ago - CNBC

Marvell Shares Gap Down: Is AI Sentiment Changing?

Shares of Marvell Technology Inc. NASDAQ: MRVL gapped down on August 25 after the chipmaker beat views and issued guidance in line with analysts' views.

3 months ago - MarketBeat

Marvell CEO Matt Murphy talks earnings and AI growth

Marvell CEO Matt Murphy joins 'Closing Bell Overtime' to talk quarterly earnings, AI growth, the semiconductor industry as a whole and more.

3 months ago - CNBC Television

Marvell's stock sells off after company couldn't meet Nvidia's high bar on AI

Marvell Technology Inc. had a tough act to follow this week, reporting the day after Nvidia Corp. blew Wall Street's collective mind with billions of dollars more in data-center sales than analysts ha...

3 months ago - Market Watch