Marvell Technology, Inc. (MRVL)

NASDAQ: MRVL · IEX Real-Time Price · USD
70.88
-1.43 (-1.98%)
At close: Mar 28, 2024, 4:00 PM
71.01
+0.13 (0.18%)
After-hours: Mar 28, 2024, 7:59 PM EDT
-1.98%
Market Cap 61.38B
Revenue (ttm) 5.51B
Net Income (ttm) -933.40M
Shares Out 866.00M
EPS (ttm) -1.08
PE Ratio n/a
Forward PE 48.56
Dividend $0.24 (0.34%)
Ex-Dividend Date Apr 11, 2024
Volume 12,244,591
Open 71.80
Previous Close 72.31
Day's Range 70.53 - 72.58
52-Week Range 36.90 - 85.76
Beta 1.50
Analysts Strong Buy
Price Target 86.93 (+22.64%)
Earnings Date Mar 7, 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]

Industry Semiconductors
Sector Technology
IPO Date Jun 27, 2000
Employees 6,577
Stock Exchange NASDAQ
Ticker Symbol MRVL
Full Company Profile

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 Statements

Analyst Forecast

According to 29 analysts, the average rating for MRVL stock is "Strong Buy." The 12-month stock price forecast is $86.93, which is an increase of 22.64% from the latest price.

Price Target
$86.93
(22.64% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

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.

1 day ago - Market Watch

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.

1 day ago - Invezz

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. ...

2 days ago - PRNewsWire

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...

4 days ago - PRNewsWire

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 ...

4 days ago - PRNewsWire

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...

4 days ago - PRNewsWire

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...

4 days ago - PRNewsWire

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...

13 days ago - PRNewsWire

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 ...

17 days ago - Yahoo Finance

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...

Other symbols: AVGOCRWDFERGNEXN
18 days ago - Benzinga

Broadcom (AVGO) A.I. Outperforms, Marvell (MRVL) Slumps

Broadcom (AVGO) posts an earnings beat as it's A.I. segment outperforms.

Other symbols: AVGO
20 days ago - Schwab Network

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...

20 days ago - Investopedia

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...

21 days ago - PRNewsWire

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.

21 days ago - Barrons

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 ...

21 days ago - Reuters

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.

Other symbols: AVGONVDA
21 days ago - Barrons

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.

21 days ago - Yahoo Finance

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.

21 days ago - Barrons

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.

21 days ago - Reuters

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...

21 days ago - PRNewsWire

Marvell Technology, Inc. Reports Fourth Quarter and Fiscal Year 2024 Financial Results

Q4 Net Revenue: $1.427 billion, grew by 1% year-on-year Q4 Gross Margin: 46.6% GAAP gross margin; 63.9% non-GAAP gross margin Q4 Diluted income (loss) per share: $(0.45) GAAP diluted loss per share; $...

21 days ago - PRNewsWire

Marvell Announces $3 Billion Stock Repurchase Authorization

SANTA CLARA, Calif. , March 7, 2024 /PRNewswire/ -- Marvell Technology, Inc. (NASDAQ: MRVL), a leader in data infrastructure semiconductor solutions, today announced that its Board of Directors has au...

21 days ago - PRNewsWire

Nvidia, Chip Stocks Could Hit an Air Pocket Soon, Says Analyst

Mizuho analyst Jordan Klein is cautious about the persistent gains of chip stocks. He sees year-end prices higher than now, but warns profit-taking in the near term could weigh on stocks.

Other symbols: NVDAAVGO
21 days ago - Barrons

Marvell Announces Industry's First 2nm Platform for Accelerated Infrastructure Silicon

Marvell extends its longstanding partnership with TSMC to 2nm manufacturing. 2nm building blocks and foundational IP to boost the performance and efficiency of cloud-optimized silicon for accelerated ...

22 days ago - PRNewsWire

Marvell to Showcase Carrier Infrastructure at MWC 2024

Industry-leading compute and connectivity products advancing 5G networks BARCELONA, Spain , Feb. 26, 2024 /PRNewswire/ -- Marvell Technology, Inc. (NASDAQ: MRVL), a leader in data infrastructure semic...

4 weeks ago - PRNewsWire