Marvell Technology, Inc. (NASDAQ:MRVL) is expected to release earnings results for its second quarter, after the closing bell on Thursday, Aug. 29.
Analysts expect the Wilmington, Delaware-based company to report quarterly earnings at 30 cents per share, down from 33 cents per share in the year-ago period. Marvell Technology is projected to post revenue of $1.25 billion, according to data from Benzinga Pro.
On Aug. 22, Rosenblatt analyst Hans Mosesmann maintained Marvell Tech with a Buy and maintained a $100 price target.
With the recent buzz around Marvell Technology, some investors may be eyeing potential gains from the company's dividends. As of now, Marvell Technology has a dividend yield of 0.4%. That’s a quarterly dividend amount of 6 cents a share (24 cents a year).
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