Marvell Technology Group Ltd. (NASDAQ:MRVL) declared a quarterly dividend on Friday, December 8th, RTT News reports. Shareholders of record on Wednesday, December 27th will be paid a dividend of 0.06 per share by the semiconductor company on Tuesday, January 16th. This represents a $0.24 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date is Tuesday, December 26th.
Marvell Technology Group (NASDAQ:MRVL) opened at $22.01 on Monday. Marvell Technology Group has a 1-year low of $13.83 and a 1-year high of $24.22. The company has a market cap of $10,790.00, a price-to-earnings ratio of 38.61, a price-to-earnings-growth ratio of 1.33 and a beta of 1.13.
Marvell Technology Group (NASDAQ:MRVL) last issued its quarterly earnings data on Tuesday, November 28th. The semiconductor company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.01. Marvell Technology Group had a net margin of 24.23% and a return on equity of 14.91%. The firm had revenue of $616.00 million for the quarter, compared to analyst estimates of $613.49 million. During the same quarter in the previous year, the business posted $0.20 EPS. The firm’s revenue was down 5.8% compared to the same quarter last year. research analysts expect that Marvell Technology Group will post 1.01 earnings per share for the current year.
In other news, insider Marvell Semiconductor, Inc. Ca sold 9,812 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $21.20, for a total value of $208,014.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Sehat Sutardja sold 93,895 shares of the company’s stock in a transaction that occurred on Friday, September 29th. The stock was sold at an average price of $18.02, for a total transaction of $1,691,987.90. The disclosure for this sale can be found here. In the last 90 days, insiders sold 12,148,004 shares of company stock valued at $224,837,926. 6.80% of the stock is owned by insiders.
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About Marvell Technology Group
Marvell Technology Group Ltd. is a semiconductor provider of application-specific standard products. The Company is engaged in the design, development and sale of integrated circuits. The Company develops System-on-a-Chip (SoC) devices. It also develops integrated hardware platforms along with software that incorporates digital computing technologies designed and configured to provide an optimized computing solution.
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