Marvell Technology, Inc. (MRVL)
| 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]
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 StatementsAnalyst 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.
News
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/ --...
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...
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...
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."
Marvell Stock Drops After Earnings. Analysts Say Be Patient on the AI Story.
Analysts remain confident Marvell will gain from investments in artificial intelligence.
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...
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...
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/...
The Best Semiconductor Stocks to Buy
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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...
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...
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...
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...
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.
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.
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 ...
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...
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...
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...
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.
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...
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.
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.
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.
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...