Shares of Marvell Technology have moved -2.7% today, and are now trading at a price of $70.49. In contrast, the S&P 500 index saw a 0.0% change. Today's trading volume is 22,120,650 compared to the stock's average volume of 20,566,148.
Marvell Technology, Inc., together with its subsidiaries, provides data infrastructure semiconductor solutions, spanning the data center core to network edge. Based in Wilmington, United States the company has 7,042 full time employees and a market cap of $60,776,218,624. Marvell Technology currently offers its equity investors a dividend that yields 0.3% per year.
The company is now trading -21.01% away from its average analyst target price of $89.24 per share. The 38 analysts following the stock have set target prices ranging from $64.31478 to $133.0, and on average give Marvell Technology a rating of buy.
Over the last 12 months MRVL shares have declined by -4.1%, which represents a difference of -14.7% when compared to the S&P 500. The stock's 52 week high is $127.48 per share and its 52 week low is $47.09. Based on Marvell Technology's average net margin growth of 9.2% over the last 6 years, its core business remains strong and the stock price may recover in the long term.
| Date Reported | Total Revenue ($ k) | Net Profit ($ k) | Net Margins (%) |
|---|---|---|---|
| 2024 | 5,767,300 | 5,767,300 | |
| 2023 | 5,507,700 | -933,400 | -17 |
| 2022 | 5,919,600 | -163,500 | -3 |
| 2021 | 4,462,400 | -421,000 | -9 |
| 2020 | 2,968,900 | -277,300 | -9 |
| 2019 | 2,699,161 | 1,584,391 | 59 |
