One of the losers of today's trading session was Marvell Technology. Shares of the Semiconductors company plunged -6.2%, and some investors may be wondering if its price of $53.73 would make a good entry point. Here's what you should know if you are considering this investment:
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Marvell Technology has moved 7.0% over the last year, and the S&P 500 logged a change of 10.0%
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MRVL has an average analyst rating of buy and is -23.95% away from its mean target price of $70.65 per share
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Its trailing earnings per share (EPS) is $-0.19
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Marvell Technology has a trailing 12 month Price to Earnings (P/E) ratio of -282.8 while the S&P 500 average is 15.97
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Its forward earnings per share (EPS) is $2.38 and its forward P/E ratio is 22.6
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The company has a Price to Book (P/B) ratio of 2.98 in contrast to the S&P 500's average ratio of 2.95
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Marvell Technology is part of the Technology sector, which has an average P/E ratio of 27.16 and an average P/B of 6.23
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The company has a free cash flow of $1.74 Billion, which refers to the total sum of all its inflows and outflows of cash over the last quarter
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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 company also provides electro-optical products, including pulse amplitude modulations, coherent digital signal processors, laser drivers, trans-impedance amplifiers, silicon photonics, and data center interconnect solutions; fibre channel products comprising host bus adapters and controllers; single or multiple core processors; storage controllers for hard disk drives and solid-state-drives; and host system interfaces, including serial attached SCSI, serial advanced technology attachment, peripheral component interconnect express, non-volatile memory express (NVMe), and NVMe over fabrics. It has operations in the United States, Argentina, China, India, Israel, Japan, Singapore, South Korea, Taiwan, and Vietnam. Marvell Technology, Inc. was incorporated in 1995 and is headquartered in Wilmington, Delaware.