Marvell Technology Group is a global semiconductor company that designs and develops analog, mixed-signal, and digital signal processing (DSP) integrated circuits (ICs). The company was founded in 1995 by Sehat Sutardja, Weili Dai, and Pantas Sutardja. Marvell's headquarters are located in Santa Clara, California, with additional offices and research facilities in North America, Europe, Asia, and Israel.
Marvell's portfolio of ICs is used in a wide range of applications, including storage, networking, and wireless communication. The company's latest market offerings include a range of products for the data center, cloud, and edge computing markets, such as storage controllers, Ethernet switches, and Wi-Fi solutions.
In the latest quarter, Marvell reported revenue of $1.1 billion, up 4% compared to the same period last year. The company's net income was $239 million, or $0.41 per share, which was also up compared to the previous year. Marvell's strong quarterly results were driven by growth in the data center and cloud computing markets.
Background
Marvell Technology Group Ltd, located at 1000 n. west street, suite 1200, wilmington, de, us specializes in the semiconductors & related devices industry. It is currently listed on the exchange NASDAQ in the country USA.
The company's last annual earnings report on 2022-07-31 showed that it had reached a market capitalization of 36,960,195,000 dollars.
If someone had invested $100 in Marvell Technology Group Ltd 10 years ago, their investment would be worth roughly $950.8 today, according to If You Had Invested
If you had invested...
The stock price is a reflection of the company's performance, market value and for MRVL, its stock has been crashing. If you had invested $1,000 in Marvell Technology Group Ltd 1 year ago and held onto your investment until today , here's what would have happened:
Your investment would now be worth roughly $828.14 today.
Financials
If you are looking for a company with a high dividend yield then Marvell Technology Group Ltd has a dividend yield of 0.0056 making it a decent dividend company to invest in. If you are going to buy some MRVL stock for dividends make sure you buy before 2022-10-06
In terms of growth Marvell Technology Group Ltd has had a turn for the worst with a Quarterly Earnings growth rate of -0.702. At the same time revenue growth has been to the moon with a rate of 0.41.
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