60 F
New York
Friday, May 7, 2021

Marvell Technology [NASDAQ: MRVL] Announces Partnership With TSMC

Must read

Coinbase Pro Announces it will be Listing Internet Computer’s ICP

Coinbase Pro cryptocurrency exchange has disclosed that it has decided to list ICP once it goes live. ICP is the governance token of the...

WISeKey [NASDAQ: WKEY] Gets Investment to finance its TrustNFT.IO NFT Platform

WISeKey International Holding AG disclosed Friday that it has inked a term-sheet to enter into an unsecured short-term loan and the issuance and...

Moderna [NASDAQ: MRNA] Inks Supply Agreement with Switzerland

Moderna, Inc. disclosed that it has inked a supply agreement on Thursday with the Swiss Federal Government. As per the agreement, Moderna Inc...

TeraBlock Will Have its Own BSCPad IDO Soon

TeraBlock which is a project making a platform for automated cryptocurrency portfolio management disclosed that it is preparing for an initial DEX offering (IDO)...

Marvell Technology Group Ltd. [NASDAQ: MRVL] disclosed today it has entered into long-term partnership with TSMC to deliver Indusrty’s most advanced 5nm process technology.

With its partnership with TSMC, Marvel aimed to provide the storage, bandwidth, speed, intelligence that tomorrows digital technology economy demands.

Marvell’s shares soared 0.01%, or up +0.01 during the trading of Tuesday. It has day low range of $34.56 and a day high range of $34.98.

Marvell has earlier opened at $34.72 and has a closing price of $34.72. It had trading volume of 1.97 million as compared to the average volume of 8.61 million.

If we look at its profitability, its return on assets (ROA) is 14.30%, return on equity (ROE) is 19.20%, and return on investment (ROI) is 16.50%. Marvell’s Gross Margin is 48.48%, Profit Margin is 55.70%, and an Operating Margin is -11.70%.

In the past 52-weeks of trading, this company’s stocks has fluctuated between the low of $16.45 and a high of $39.40. It has moved up 111.06% and moved down -11.88%.

Turning our focus on liquidity, its current ratio is 2.10 and a quick ratio is 1.70. Its debt to equity ratio is 0.17, Likewise, its long-term debt to equity ratio is 0.17.

The new 5nm portfolio of Marvell will provide leading-edge silicon innovation for the infrastructure market. It also provides essential high performance compute, networking and security technology which is essential to advance infrastructure development for a multitude of end-market applications.

More articles

Latest article

Why Chiasma [NASDAQ: CHMA] Stock is Skyrocketed?

Shares of Chiasma, Inc. surged 46.48% during the trading session of Wednesday. Chiasma has disclosed the financial results for the Q1 completed March...

NeoGenomics [NASDAQ: NEO] Announces Acquisition of Inivata Ltd

NeoGenomics, Inc. revealed Wednesday that it has decided to purchase Inivata Ltd. Inivata will grow into a liquid biopsy-centered division together with increasing...

R1 RCM [NASDAQ: RCM] Announces Acquisition of VisitPay

R1 RCM Inc. disclosed Tuesday that it has decided to purchase VisitPay. The firm has inked an agreement to buy VisitPay for nearly...

Binance Coin Makes History as its Market Cap Reach $100 Billion

The market capitalization of Binance set new records as the exchange token of Binance and the native asset of Binance Smart Chain (BSC) touched...

Precipio [NASDAQ: PRPO] Roll Out Rapid COVID-19 Antibody test on Amazon Platform

Shares of Precipio, Inc. skyrocketed 40.35% during the trading session of Monday. The strong performance of the firm has highlighted the positive sentiments...

TechX Ink Deal to Buy Fiat-to-Crypto Merchant Services Gateway XPort Digital

TechX Technologies Inc disclosed Monday that it has bought fiat-to-crypto merchant services gateway XPort digital. The firm has bought a 100% stake in XPort...

Lockheed [NYSE: LMT] Present F-35 Best and Final Offer to Finnish Government

Lockheed Martin Corporation disclosed that it has presented F-35 best and final offer (BAFO) on April 29, 2021, to the Finnish government. It...

Clene [NASDAQ: CLNN] Gets Two Patent Notice of Allowances

Clene Inc. disclosed that Clene Nanomedicine, Inc. U.S. Patent and Trademark Office has provided Notices of Allowance for two significant patent applications. Clene...