Marvell Technology, Inc. (NASDAQ:MRVL) Declares $0.06 Quarterly Dividend

Key Points

• Marvell Technology, Inc. announced a quarterly dividend of $0.06 per share, with a total annualized dividend of $0.24, reflecting a dividend yield of 0.3%.
• The company reported earnings of $0.67 per share for the previous quarter, matching analysts’ expectations and demonstrating a 57.6% increase in revenue compared to the same quarter last year.
• Marvell Technology's stock saw a trading volume of over 31 million shares, and the company has a market capitalization of approximately $64 billion.

Marvell Technology, Inc. (NASDAQ:MRVL - Get Free Report) announced a quarterly dividend on Friday, September 19th, RTT News reports. Shareholders of record on Friday, October 10th will be paid a dividend of 0.06 per share by the semiconductor company on Thursday, October 30th. This represents a c) annualized dividend and a dividend yield of 0.3%.

Marvell Technology has a payout ratio of 6.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Marvell Technology to earn $2.00 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 12.0%.

Marvell Technology Stock Up 0.0%

Shares of MRVL stock traded up $0.03 during mid-day trading on Friday, hitting $74.26. The stock had a trading volume of 31,771,842 shares, compared to its average volume of 24,598,630. Marvell Technology has a 12-month low of $47.08 and a 12-month high of $127.48. The firm has a market capitalization of $64.02 billion, a P/E ratio of -571.23, a price-to-earnings-growth ratio of 0.90 and a beta of 1.85. The firm's 50-day moving average is $72.45 and its two-hundred day moving average is $67.41. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.88 and a quick ratio of 1.44.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last issued its earnings results on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share for the quarter, hitting the consensus estimate of $0.67. Marvell Technology had a positive return on equity of 11.01% and a negative net margin of 1.43%.The business had revenue of $2.01 billion during the quarter, compared to analysts' expectations of $2.01 billion. During the same period in the prior year, the business earned $0.30 EPS. The business's revenue for the quarter was up 57.6% compared to the same quarter last year. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. On average, analysts predict that Marvell Technology will post 0.91 earnings per share for the current fiscal year.

Insider Buying and Selling at Marvell Technology

In other news, EVP Mark Casper sold 3,000 shares of the stock in a transaction dated Friday, July 18th. The stock was sold at an average price of $72.35, for a total value of $217,050.00. Following the transaction, the executive vice president directly owned 17,163 shares of the company's stock, valued at approximately $1,241,743.05. This represents a 14.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.19% of the company's stock.

Institutional Trading of Marvell Technology

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. First Horizon Advisors Inc. grew its holdings in Marvell Technology by 6.9% during the second quarter. First Horizon Advisors Inc. now owns 2,115 shares of the semiconductor company's stock worth $164,000 after acquiring an additional 137 shares during the period. Richards Merrill & Peterson Inc. grew its holdings in Marvell Technology by 4.0% during the second quarter. Richards Merrill & Peterson Inc. now owns 3,606 shares of the semiconductor company's stock worth $279,000 after acquiring an additional 139 shares during the period. Retirement Planning Group LLC NY boosted its position in Marvell Technology by 4.0% during the second quarter. Retirement Planning Group LLC NY now owns 3,722 shares of the semiconductor company's stock worth $288,000 after purchasing an additional 142 shares in the last quarter. Harbor Capital Advisors Inc. boosted its position in Marvell Technology by 0.8% during the second quarter. Harbor Capital Advisors Inc. now owns 19,945 shares of the semiconductor company's stock worth $1,544,000 after purchasing an additional 151 shares in the last quarter. Finally, Mayflower Financial Advisors LLC boosted its position in Marvell Technology by 3.4% during the second quarter. Mayflower Financial Advisors LLC now owns 4,579 shares of the semiconductor company's stock worth $354,000 after purchasing an additional 151 shares in the last quarter. 83.51% of the stock is owned by institutional investors and hedge funds.

About Marvell Technology

Marvell Technology, Inc, together with its subsidiaries, provides data infrastructure semiconductor solutions, spanning the data center core to network edge. The company develops and scales complex System-on-a-Chip architectures, integrating analog, mixed-signal, and digital signal processing functionality.

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