(VIANEWS) – Shares of Marvell Technology Group (NASDAQ: MRVL) jumped by a staggering 27.1% in 21 sessions from $45.98 at 2023-05-24, to $58.44 at 15:32 EST on Monday, following the last session’s downward trend. NASDAQ is dropping 0.6% to $13,411.52, following the last session’s downward trend.
Marvell Technology Group’s last close was $57.82, 14.96% below its 52-week high of $67.99.
About Marvell Technology Group
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.
Earnings Per Share
As for profitability, Marvell Technology Group has a trailing twelve months EPS of $-0.18.
The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is negative -1.08%.
Volume
Today’s last reported volume for Marvell Technology Group is 6622105 which is 56.44% below its average volume of 14939400.
Revenue Growth
Year-on-year quarterly revenue growth declined by 8.7%, now sitting on 5.79B for the twelve trailing months.
Dividend Yield
As claimed by Morningstar, Inc., the next dividend payment is on Jul 5, 2023, the estimated forward annual dividend rate is 0.24 and the estimated forward annual dividend yield is 0.41%.
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