Marvell Technology, Inc., together with its subsidiaries, designs, develops, and sells analog, mixed-signal, digital signal processing, and embedded and standalone integrated circuits. It offers a portfolio of Ethernet solutions, including controllers, network adapters, physical transceivers, and switches; single or multiple core processors; application specific integrated circuits; and printer SoC products and application processors. The company also provides a range of storage products comprising storage controllers for hard disk drives (HDD) and solid-state drives that support various host system interfaces consisting of serial attached SCSI (SAS), serial advanced technology attachment (SATA), peripheral component interconnect express, non-volatile memory express (NVMe), and NVMe over fabrics; and fiber channel products, including host bus adapters, and controllers for server and storage system connectivity. It has operations in the United States, China, Malaysia, the Philippines, Thailand, Singapore, India, Israel, Japan, South Korea, Taiwan, and Vietnam. Marvell Technology, Inc. is headquartered in Wilmington, Delaware.
IPO Year: 2000
Exchange: NASDAQ
Website: marvell.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
5/13/2024 | $98.00 → $85.00 | Buy | Jefferies |
4/16/2024 | $88.00 | Outperform | Evercore ISI |
3/8/2024 | $75.00 → $90.00 | Outperform | TD Cowen |
3/8/2024 | Hold → Buy | Summit Insights | |
1/23/2024 | $80.00 | Overweight | Cantor Fitzgerald |
11/14/2023 | $60.00 | Buy | ROTH MKM |
8/23/2023 | $60.00 → $70.00 | Positive | Susquehanna |
8/18/2023 | $60.00 → $75.00 | Neutral → Buy | B. Riley Securities |
7/20/2023 | $80.00 | Outperform | Wolfe Research |
6/16/2023 | $55.00 → $68.00 | Equal-Weight | Morgan Stanley |
Jefferies initiated coverage of Marvell with a rating of Buy and set a new price target of $85.00 from $98.00 previously
Evercore ISI initiated coverage of Marvell with a rating of Outperform and set a new price target of $88.00
TD Cowen reiterated coverage of Marvell with a rating of Outperform and set a new price target of $90.00 from $75.00 previously
Summit Insights upgraded Marvell from Hold to Buy
Cantor Fitzgerald initiated coverage of Marvell with a rating of Overweight and set a new price target of $80.00
ROTH MKM initiated coverage of Marvell with a rating of Buy and set a new price target of $60.00
Susquehanna reiterated coverage of Marvell with a rating of Positive and set a new price target of $70.00 from $60.00 previously
B. Riley Securities upgraded Marvell from Neutral to Buy and set a new price target of $75.00 from $60.00 previously
Wolfe Research initiated coverage of Marvell with a rating of Outperform and set a new price target of $80.00
Morgan Stanley reiterated coverage of Marvell with a rating of Equal-Weight and set a new price target of $68.00 from $55.00 previously
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10-Q - Marvell Technology, Inc. (0001835632) (Filer)
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4 - Marvell Technology, Inc. (0001835632) (Issuer)
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SANTA CLARA, Calif., April 29, 2024 /PRNewswire/ -- Marvell Technology, Inc. (NASDAQ:MRVL), a leader in data infrastructure semiconductor solutions, has appointed Rick Wallace, President and Chief Executive Officer of KLA Corporation, where he also serves as a member of the board of directors, and Daniel Durn, Chief Financial Officer and Executive Vice President, Finance, Technology Services and Operations of Adobe Inc., to its board of directors effective April 25, 2024. "Rick and Dan are proven leaders with track records of successfully guiding companies to higher levels of
IRVINE, Calif., Oct. 25, 2022 (GLOBE NEWSWIRE) -- Syntiant Corp., a provider of deep learning solutions for always-on edge AI applications, today announced the addition of Edward Frank, Ph.D., to its board of directors. Dr. Frank joins Syntiant's board following more than 35 years of leadership in innovative technology companies, including serving at Apple Inc. from 2009 until 2013 as vice president, Macintosh Hardware Systems Engineering. Dr. Frank also served as corporate vice president, research and development, of Broadcom, a leading developer of integrated circuits for broadband communication. He was the founder and CEO of Epigram, Inc., a developer of integrated circuits and softwar
SANTA CLARA, Calif., Aug. 22, 2022 /PRNewswire/ -- Marvell (NASDAQ:MRVL), a leader in data infrastructure semiconductor solutions, has appointed Rebecca (Becky) House, Senior Vice President, Chief People and Legal Officer and Secretary of Rockwell Automation, Inc., to its board of directors. "Becky has an extensive background in talent management, ethics and compliance, public affairs, security and sustainability, and is a proven leader in building and maintaining exceptional company cultures within large, multinational companies," said Matt Murphy, President and CEO of Marvell. "Her insights and counsel will be very valuable as we continue to scale and grow Marvell's business globally." Ms.
SANTA CLARA, Calif., April 20, 2022 /PRNewswire/ -- Marvell (NASDAQ:MRVL), a leader in data infrastructure semiconductor solutions, today announced the appointment of Sara Andrews, Chief Information Security Officer at Experian, to its board of directors. "Sara is a proven business leader with a track record of growth and transformation and will bring valuable insights and expertise as we continue to scale Marvell," said Matt Murphy, President and CEO of Marvell. "Sara's background in infrastructure platforms and security is highly relevant to our industry-leading semiconductor data infrastructure portfolio." In addition, incumbent director Bethany Mayer, who joined the Marvell Board in 201
SANTA CLARA, Calif., April 20, 2021 /PRNewswire/ -- Marvell Technology, Inc. (NASDAQ:MRVL), a leader in data infrastructure semiconductor solutions today announced the completion of its acquisition of Inphi Corporation. The combination creates a U.S. semiconductor powerhouse positioned for end-to-end technology leadership in data infrastructure. The combined company, Marvell Technology, Inc. ("Marvell"), is a Delaware corporation domiciled in the United States. "I am excited to welcome the Inphi team to Marvell and look forward to realizing the tremendous value creation potential of this combination for our customers, employees and shareholders. Together we will have the portfolio, capabili
Q2 Net Revenue: $1.273 billion, declined by (5)% year-on-yearQ2 Gross Margin: 46.2% GAAP gross margin; 61.9% non-GAAP gross marginQ2 Diluted income (loss) per share: $(0.22) GAAP diluted loss per share; $0.30 non-GAAP diluted income per shareSANTA CLARA, Calif., Aug. 29, 2024 /PRNewswire/ -- Marvell Technology, Inc. (NASDAQ:MRVL), a leader in data infrastructure semiconductor solutions, today reported financial results for the second quarter of fiscal year 2025. Net revenue for the second quarter of fiscal 2025 was $1.273 billion, $23.0 million above the mid-point of the Company's guidance provided on May 30, 2024. GAAP net loss for the second quarter of fiscal 2025 was $(193.3) million, or
SANTA CLARA, Calif., Aug. 5, 2024 /PRNewswire/ -- Marvell Technology, Inc. (NASDAQ:MRVL), a leader in infrastructure semiconductor solutions, today announced it will conduct a conference call following the release of its second quarter of fiscal year 2025 financial results on Thursday, August 29, 2024, at 1:45 p.m. Pacific Time. Conference Call Interested parties may join the conference call without operator assistance by registering and entering their phone number at https://emportal.ink/4bYingS to receive an instant automated call back. To join the call with operator assistance, please dial 1-800-836-8184 or 1-646-357-8785. The call will be webcast and can be accessed at the Marvell Inves
SANTA CLARA, Calif., June 21, 2024 /PRNewswire/ -- Marvell Technology, Inc. (NASDAQ:MRVL), today announced a quarterly dividend of $0.06 per share of common stock payable on July 31, 2024 to shareholders of record as of July 12, 2024. About Marvell To deliver the data infrastructure technology that connects the world, we're building solutions on the most powerful foundation: our partnerships with our customers. Trusted by the world's leading technology companies for over 25 years, we move, store, process and secure the world's data with semiconductor solutions designed for our customers' current needs and future ambitions. Through a process of deep collaboration and transparency, we're ultim
Q1 Net Revenue: $1.161 billion, declined by (12)% year-on-yearQ1 Gross Margin: 45.5% GAAP gross margin; 62.4% non-GAAP gross marginQ1 Diluted income (loss) per share: $(0.25) GAAP diluted loss per share; $0.24 non-GAAP diluted income per shareSANTA CLARA, Calif., May 30, 2024 /PRNewswire/ -- Marvell Technology, Inc. (NASDAQ:MRVL), a leader in data infrastructure semiconductor solutions, today reported financial results for the first quarter of fiscal year 2025. Net revenue for the first quarter of fiscal 2025 was $1.161 billion, $11.0 million above the mid-point of the Company's guidance provided on March 7, 2024. GAAP net loss for the first quarter of fiscal 2025 was $(215.6) million, or $(
SANTA CLARA, Calif., May 6, 2024 /PRNewswire/ -- Marvell Technology, Inc. (NASDAQ:MRVL), a leader in infrastructure semiconductor solutions, today announced it will conduct a conference call following the release of its first quarter of fiscal year 2025 financial results on Thursday, May 30, 2024, at 1:45 p.m. Pacific Time. Conference Call Interested parties may join the conference call without operator assistance by registering and entering their phone number at https://emportal.ink/4dgLjlZ to receive an instant automated call back. To join the call with operator assistance, please dial 1-800-836-8184 or 1-646-357-8785. The call will be webcast and can be accessed at the Marvell Investor R
SANTA CLARA, Calif., March 15, 2024 /PRNewswire/ -- Marvell Technology, Inc. (NASDAQ:MRVL), today announced a quarterly dividend of $0.06 per share of common stock payable on May 1, 2024 to shareholders of record as of April 12, 2024. About Marvell To deliver the data infrastructure technology that connects the world, we're building solutions on the most powerful foundation: our partnerships with our customers. Trusted by the world's leading technology companies for over 25 years, we move, store, process and secure the world's data with semiconductor solutions designed for our
Q4 Net Revenue: $1.427 billion, grew by 1% year-on-yearQ4 Gross Margin: 46.6% GAAP gross margin; 63.9% non-GAAP gross marginQ4 Diluted income (loss) per share: $(0.45) GAAP diluted loss per share; $0.46 non-GAAP diluted income per shareSANTA CLARA, Calif., March 7, 2024 /PRNewswire/ -- Marvell Technology, Inc. (NASDAQ:MRVL), a leader in data infrastructure semiconductor solutions, today reported financial results for the fourth fiscal quarter and fiscal year ended February 3, 2024. Net revenue for the fourth quarter of fiscal 2024 was $1.427 billion, above the mid-point of the Company's guidance provided on November 30, 2023. GAAP net loss for the fourth quarter of fiscal 2024 was $(392.7) m
SANTA CLARA, Calif., Feb. 16, 2024 /PRNewswire/ -- Marvell Technology, Inc. (NASDAQ:MRVL), a leader in infrastructure semiconductor solutions, today announced it will conduct a conference call following the release of its fourth fiscal quarter and fiscal year 2024 financial results on Thursday, March 7, 2024, at 1:30 p.m. Pacific Time, instead of at 1:45 p.m. Pacific Time as previously announced. Conference Call Interested parties may join the conference call by dialing 1-888-317-6003 or 1-412-317-6061, passcode 0056377. The call will be webcast and can be accessed at the Marvell Investor Relations website at http://investor.marvell.com/. A replay of the call can be accessed by dialing 1-87
SANTA CLARA, Calif. , Feb. 6, 2024 /PRNewswire/ -- Marvell Technology, Inc. (NASDAQ:MRVL), a leader in infrastructure semiconductor solutions, today announced it will conduct a conference call following the release of its fourth fiscal quarter and fiscal year 2024 financial results on Thursday, March 7, 2024, at 1:45 p.m. Pacific Time. Conference CallInterested parties may join the conference call by dialing 1-888-317-6003 or 1-412-317-6061, passcode 0056377. The call will be webcast and can be accessed at the Marvell Investor Relations website at http://investor.marvell.com/. A replay of the call can be accessed by dialing 1-877-344-7529 or 1-412-317-0088, passcode 3453492 until Thursday,
SANTA CLARA, Calif., Dec. 8, 2023 /PRNewswire/ -- Marvell Technology, Inc. (NASDAQ:MRVL), today announced a quarterly dividend of $0.06 per share of common stock payable on January 31, 2024 to shareholders of record as of January 5, 2024. About Marvell To deliver the data infrastructure technology that connects the world, we're building solutions on the most powerful foundation: our partnerships with our customers. Trusted by the world's leading technology companies for over 25 years, we move, store, process and secure the world's data with semiconductor solutions designed for our customers' current needs and future ambitions. Through a process of deep collaboration and transparency, we're u
Ecosystem Enables Cloud Operators to Optimally Scale Regional Data Center Connectivity for the AI Era SANTA CLARA, Calif., Sept. 5, 2024 /PRNewswire/ -- Marvell Technology, Inc. (NASDAQ:MRVL), a leader in data infrastructure semiconductor solutions, Lumentum Holdings Inc., a market-leading designer and manufacturer of innovative optical and photonic products, and Coherent Corp., a leader in compound semiconductors and high-speed optical networking technology today announced the successful interoperability demonstration of 800G ZR/ZR+ optical modules over transmission links up to 500km. This achievement demonstrates that multivendor standards-based pluggable modules can interoperate while ach
Q2 Net Revenue: $1.273 billion, declined by (5)% year-on-yearQ2 Gross Margin: 46.2% GAAP gross margin; 61.9% non-GAAP gross marginQ2 Diluted income (loss) per share: $(0.22) GAAP diluted loss per share; $0.30 non-GAAP diluted income per shareSANTA CLARA, Calif., Aug. 29, 2024 /PRNewswire/ -- Marvell Technology, Inc. (NASDAQ:MRVL), a leader in data infrastructure semiconductor solutions, today reported financial results for the second quarter of fiscal year 2025. Net revenue for the second quarter of fiscal 2025 was $1.273 billion, $23.0 million above the mid-point of the Company's guidance provided on May 30, 2024. GAAP net loss for the second quarter of fiscal 2025 was $(193.3) million, or
Awarded Most Innovative Sustainability Technology for Marvell® Structera™ X CXL Memory-Expansion Controller SANTA CLARA, Calif., Aug. 7, 2024 /PRNewswire/ -- Marvell Technology, Inc. (NASDAQ:MRVL), a leader in data infrastructure semiconductor solutions, today announced it will showcase its industry-leading cloud storage and CXL memory technologies for AI, ML and other data-intensive workloads at the Flash Memory Summit, taking place August 6–8, 2024 at the Santa Clara Convention Center. Marvell was honored with the "Most Innovative Sustainability Technology" award for the Marvell® Structera™ X Compute Express Link® (CXL®) memory-expansion controller at the FMS awards ceremony on August 6, 2
SANTA CLARA, Calif., Aug. 6, 2024 /PRNewswire/ -- Marvell Technology, Inc. (NASDAQ:MRVL), a leader in data infrastructure semiconductor solutions, today announced that Microsoft—which extensively uses the Marvell® LiquidSecurity® family of HSMs to perform encryption, key management, and other security functions within Azure—will update its fleet of LiquidSecurity HSMs to the FIPS 140-3, Level-3 standard to further enhance its internal security posture and the portfolio of security services offered to its customers. Marvell LiquidSecurity 1 and LiquidSecurity 2 hardware security modules (HSMs) achieved FIPS 140-3 Level-3 certification from the National Institute of Standards and Technology (N
SANTA CLARA, Calif., Aug. 5, 2024 /PRNewswire/ -- Marvell Technology, Inc. (NASDAQ:MRVL), a leader in infrastructure semiconductor solutions, today announced it will conduct a conference call following the release of its second quarter of fiscal year 2025 financial results on Thursday, August 29, 2024, at 1:45 p.m. Pacific Time. Conference Call Interested parties may join the conference call without operator assistance by registering and entering their phone number at https://emportal.ink/4bYingS to receive an instant automated call back. To join the call with operator assistance, please dial 1-800-836-8184 or 1-646-357-8785. The call will be webcast and can be accessed at the Marvell Inves
New product line is the industry's first to integrate Arm® Neoverse® processors, inline compression, and four memory channels. Structera™ A CXL near-memory accelerator family is optimized to address high-bandwidth memory applications such as deep learning and ML/AI on general-purpose servers.Structera™ X CXL memory-expansion controller family is the first to support up to 12 DDR4 memory modules, enabling module recycling to reduce e-waste and maximize server memory capacity for applications such as in-memory databases.SANTA CLARA, Calif., July 30, 2024 /PRNewswire/ -- Marvell Technology, Inc. (NASDAQ:MRVL), a leader in data infrastructure semiconductor solutions, today launched the Marvell®
Marvell ® Teralynx ® 10 switch now available in Linux Foundation's open-source SONiC, capitalizing on market shift to open network platforms SANTA CLARA, Calif., July 25, 2024 /PRNewswire/ -- Marvell Technology, Inc. (NASDAQ:MRVL), a leader in data infrastructure semiconductor solutions, today announced the immediate availability of the Marvell® Teralynx® 10 51.2 Tbps Ethernet switch device in the Linux Foundation's SONiC (Software for Open Networking in the Cloud) network operating system. With this public release, leading networking vendors can now use and deploy Teralynx 10-based systems in SONiC environments. The Teralynx 10 device is a programmable 51.2 Tbps switch with the industry's l
Unique architecture delivers high bandwidth, low latency, low power and programmability in a single platform for optimized cloud AI deployments.Seamless support for open network operating system software enables fast design and deployment for ODMs, OEMs and hyperscalers.Multiple customers designing with Teralynx® 10 Ethernet switch device to scale accelerated infrastructure.SANTA CLARA, Calif. , July 25, 2024 /PRNewswire/ -- Marvell Technology, Inc. (NASDAQ:MRVL), a leader in data infrastructure semiconductor solutions, today announced that the Marvell® Teralynx® 10 Ethernet switch device is in volume production with customer deployments underway. The Teralynx 10 switch is a low power, progr
New Alaska® A 1.6T PAM4 DSP for copper interconnects is built on Marvell industry-leading 5nm PAM4 technology.Addresses the growing need for 200G/lane I/O to handle AI accelerator and GPU bandwidth demands. Enables 1.6T short-reach copper connectivity within accelerated compute racks.SANTA CLARA, Calif., June 27, 2024 /PRNewswire/ -- Marvell Technology, Inc. (NASDAQ:MRVL), a leader in data infrastructure semiconductor solutions, today introduced the Marvell® Alaska® A 1.6T PAM4 DSP for active electrical cables (AECs), the industry's first 1.6 Tbps AEC DSP to address emerging 200G/lane-based accelerated infrastructure architectures. Artificial intelligence (AI) and machine learning (ML) appli
SANTA CLARA, Calif., June 21, 2024 /PRNewswire/ -- Marvell Technology, Inc. (NASDAQ:MRVL), today announced a quarterly dividend of $0.06 per share of common stock payable on July 31, 2024 to shareholders of record as of July 12, 2024. About Marvell To deliver the data infrastructure technology that connects the world, we're building solutions on the most powerful foundation: our partnerships with our customers. Trusted by the world's leading technology companies for over 25 years, we move, store, process and secure the world's data with semiconductor solutions designed for our customers' current needs and future ambitions. Through a process of deep collaboration and transparency, we're ultim
Financial giants have made a conspicuous bearish move on Marvell Tech. Our analysis of options history for Marvell Tech (NASDAQ:MRVL) revealed 12 unusual trades. Delving into the details, we found 25% of traders were bullish, while 58% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $395,809, and 8 were calls, valued at $421,283. Expected Price Movements Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $60.0 to $80.0 for Marvell Tech during the past quarter. Analyzing Volume & Open Interest Examining the volume and open interest provides crucial insights into stock research
Marvell Technology Inc (NASDAQ:MRVL) shares are trading lower by 1.84% to $66.95 during Friday’s session and 10.4% over the trailing week. Semiconductor stocks are seeing a decline this week as reports suggest President Biden might implement additional restrictions on China. This comes alongside Republican nominee Donald Trump's remarks about the China-Taiwan conflict during a Bloomberg interview. The sector's performance is also impacted by weak guidance from ASML. Trump's comments regarding the China-Taiwan situation highlight the geopolitical risks associated with Taiwan, a critical hub for semiconductor manufacturing. Tensions between China and Taiwan can disrupt the global semiconduc
This whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner. Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. Here's the list of options activity happening in today's session: Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume CRWD PUT SWEEP BEARISH 07/19/24 $300.00 $30.3K 1.1K 29.6K NVDA PUT TRADE BEARISH 07/19/24 $121.00 $26
Marvell Technology, Inc. (NASDAQ:MRVL) shares are trading lower Thursday amid a sell-off in the semiconductor sector. The Details: The Nasdaq 100, comprising 100 of the biggest non-financial tech stocks, fell 2.94% Wednesday to mark its worst day since 2022. Semiconductor stocks are pulling back as investors digest several recent developments, including the possible expansion of export restrictions to China, ASML Holding NV‘s (NASDAQ:ASML) earnings release and comments from former President Trump regarding Taiwan. ASML led semiconductors lower Wednesday as its shares fell more than 12% after the company reported second-quarter numbers lower than the same period in the previous yea
Deep-pocketed investors have adopted a bullish approach towards Marvell Tech (NASDAQ:MRVL), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in MRVL usually suggests something big is about to happen. We gleaned this information from our observations today when Benzinga's options scanner highlighted 17 extraordinary options activities for Marvell Tech. This level of activity is out of the ordinary. The general mood among these heavyweight investors is divided, with 41% leaning bullish and 41% bearish. Among these notable optio
It’s deep red on Wall Street on Wednesday, with tech stocks sharply falling amid a semiconductor broad-based selloff following news that the Biden administration is hastening export restrictions to China. Bloomberg reported on Wednesday that the U.S. administration has advised its allies to impose the strictest trade restrictions possible if companies such as Tokyo Electron Ltd. (OTCPK: TOELY) and ASML Holding NV (NASDAQ:ASML) persist in supplying advanced chips to China. Shares of the Dutch chipmaker ASML Holding fell nearly 12%, notching the worst decline since March 2020. The tech-heavy Nasdaq 100 tumbled by 2.7% at 12:45 p.m. ET, marking the worst session since late August 2023.