69.2 F
New York
Wednesday, May 18, 2022

Marvell Technology [NASDAQ: MRVL] Announces Partnership With TSMC

Must read

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.

Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '22.
Small-cap Uranium stocks are booming in 2022! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here. .

Sponsored

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