FX.co ★ Marvell Authorizes $3 Bln Stock Repurchase

Marvell Technology, Inc. (MRVL) revealed on Thursday that its Board of Directors has approved an additional $3 billion to be added to its current stock repurchase program. This addition brings the total current repurchase authority to roughly $3.3 billion. As of the fiscal year that ended on February 3, 2024, Marvell's existing share repurchase program had about $299 million of repurchase authority remaining.