Marvell Technology announces $3B stock repurchase authorization

Mar. 07, 2024 4:17 PM ETMarvell Technology, Inc. (MRVL) StockBy: Vansh Agarwal, SA News Editor2 Comments
Marvell Technology office building in Santa Clara, California, USA

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  • Marvell Technology (NASDAQ:MRVL) said on Thursday it had authorized a $3B addition to the balance of its existing stock repurchase program, increasing the total current repurchase authority to ~$3.3B.
  • According to the company, MRVL's existing share repurchase program had ~$299M of repurchase authority

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