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$Marvell Technology(MRVL.US$ Is the sharp drop a good time to dive deep?
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$Marvell Technology(MRVL.US$ SANTA CLARA, Calif. - Marvell (NASDAQ:MRVL) Technology, Inc. (NASDAQ: MRVL), known for its data infrastructure semiconductor solutions, revealed today that its Board of Directors has approved a substantial expansion of its stock repurchase program. The company is set to add $3 billion to its existing buyback plan, bringing the total available funds for repurchasing its shares to roughly $3.3 billion.
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$Marvell Technology(MRVL.US$In the March 2022 analysis, it was excluded because profits were too unstable, and the stock price has risen slightly by 2% so far.
Launched in 2000, it is mainly a semiconductor solutions business for data infrastructure. Global market, current price is 69.66.
In the past 5 years, revenue has increased for 4 years except 2020, with an average growth rate of 19.7%. Operating profit was lost from 2020 to 2022 due to excessive cost growth, profit was only made in 2023, and net profit was lost for 4 years in 2020 other than profit from business sales and income tax subsidies. Interest expenses account for 46% of operating profit in 2023, and the interest burden is extremely heavy. After falling from 50.9% to 46.3% in the past 5 years, gross margin recovered to 50.5% in 2023.
In the first three quarters of 2024, revenue contracted by 9.3%, and operating profit and net profit fell back into loss.
Currently, the market value is 60.3 billion, and the market sales ratio has reached 10.2, which lacks investment value.
Launched in 2000, it is mainly a semiconductor solutions business for data infrastructure. Global market, current price is 69.66.
In the past 5 years, revenue has increased for 4 years except 2020, with an average growth rate of 19.7%. Operating profit was lost from 2020 to 2022 due to excessive cost growth, profit was only made in 2023, and net profit was lost for 4 years in 2020 other than profit from business sales and income tax subsidies. Interest expenses account for 46% of operating profit in 2023, and the interest burden is extremely heavy. After falling from 50.9% to 46.3% in the past 5 years, gross margin recovered to 50.5% in 2023.
In the first three quarters of 2024, revenue contracted by 9.3%, and operating profit and net profit fell back into loss.
Currently, the market value is 60.3 billion, and the market sales ratio has reached 10.2, which lacks investment value.
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