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Marvell Technology Group Ltd. Buyback

OLI recorded this information on 10/16/2018

Company: Marvell Technology Group Ltd.
Buyback: MRVL buyback
$Amount Authorized: $1,000,000,000
Buyback Details: Marvell Technology Group Ltd. (NASDAQ: MRVL), a leader in infrastructure semiconductor solutions, today announced that its Board of Directors has authorized a $700 million addition to the balance of its existing share repurchase program, increasing the total current repurchase authority to $1 billion.

Marvell Technology Group is a semiconductor provider of application-specific products. Co. is focused on the development of System-on-a-Chip devices, utilizing its technology portfolio of intellectual property in the areas of analog, mixed-signal, digital signal processing, and embedded and standalone integrated circuits. Co. develops hardware platforms along with software that incorporates digital computing technologies. In storage, Co. is engaged in fibre channel products and data storage controller solutions spanning data center, enterprise, and edge computing markets. Co.'s networking products include the Application Specific Integrated Circuits, ethernet solutions and processors.

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Company Name:  Marvell Technology Group Ltd
Stock buyback:  MRVL buyback
Website:  www.marvell.com
Sector:  Semiconductors
Number of ETFs Holding MRVL:  71
Total Market Value Held by ETFs:  $4.50B
Total Market Capitalization:  $33.75B
% of Market Cap. Held by ETFs:  13.32%
 

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January 18, 2021    2:16 AM Eastern
Quotes delayed 20 minutes



Strong Buy (3.50 out of 4)
59th percentile
(ranked higher than approx. 59% of all stocks covered)

Analysts' Target Price:
MRVL Stock Forecast

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