Last price: $114.32
52w range:
$53.19
to
$126.15
52w change:
115.00%
to
-9.00%
Forward PE: 45.73
Trailing EPS: -1.7
50d average: $101.89
(12%)
200d average: $78.44
(46%)
Open: $116.16
Previous close: $118.17
Change: -$3.85
(-3.26%)
Day high: $116.55
Day low: $113.64
Volume: 10.76 million
Avg. vol 3m: 13.22 million
NasdaqGS
NASDAQ:MRVL
Cap: 98.92 billion
Shares outstanding: 865.3 million
Price hint: 2
Price to book: 6.67
$0.06 dividend 2 months ago
Yahoo Quote
Marvell Technology, Inc., previously known as Marvell Technology Group Ltd., is a globally recognized leader in the semiconductor industry. It operates from its headquarters in Hamilton, Bermuda and has offices in over 15 countries. The company was incorporated in 1995, offering an extensive range of high-performance semiconductors primarily used in data storage devices and networking components.
Currently, Marvell Technology, Inc.'s primary offerings include chips for storage devices like hard disks, Ethernet switches & PHYs, processors, wireless connectivity solutions, and more. In recent years, the company has made significant strides in the automotive semiconductor market, creating opportunities for growth.
From a financial perspective, Marvell Technology, Inc. (NASDAQ: MRVL) has been demonstrating an upward trend, showing growth and profitability, driven by increase in demand for data storage and networking solutions. Its R&D investments and acquisition strategies position it well for future growth. Demand for Marvell’s networking business is increasing rapidly, driven by growth in the 5G business.
However, there are also some aspects to consider. The company operates in an industry that is capital intensive and highly competitive. It also regularly faces litigation issues over patent rights, which can result in huge financial and operational risks. Moreover, fluctuations in the global economy and supply chain disruptions due to the Covid-19 pandemic could impact its performance.
As an investment advisor, I would suggest a closer look at the company's financials, its recent performance, and an analysis of the predicted growth in the sectors Marvell is involved in before making an investment decision. It's also critical to keep an eye on potential headwinds, such as geopolitical tensions that could affect trade and supply chains. Overall, given its market position, product profile, consistent growth, and role in vital technology sectors such as data storage, networking, and 5G, Marvell Technology, Inc. could be a promising addition to a diversified portfolio.