Published on 23 Apr 2024 on Simply Wall St. via Yahoo Finance
While Marvell Technology, Inc. (NASDAQ:MRVL) shareholders are probably generally happy, the stock hasn't had particularly good run recently, with the share price falling 13% in the last quarter. But that doesn't change the fact that shareholders have received really good returns over the last five years. It's fair to say most would be happy with 151% the gain in that time. We think it's more important to dwell on the long term returns than the short term returns. The more important question is whether the stock is too cheap or too expensive today.
Although Marvell Technology has shed US$4.7b from its market cap this week, let's take a look at its longer term fundamental trends and see if they've driven returns.