Marvell Technology (MRVL) Scheduled to Post Earnings on Tuesday

Marvell Technology (NASDAQ:MRVL - Get Free Report) will announce its earnings results after the market closes on Tuesday, December 3rd. Analysts expect the company to announce earnings of $0.40 per share for the quarter. Marvell Technology has set its Q3 guidance at $0.35-0.45 EPS and its Q3 2025 guidance at 0.350-0.450 EPS.Persons interested in listening to the company's earnings conference call can do so using this link.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last announced its quarterly earnings data on Thursday, August 29th. The semiconductor company reported $0.30 earnings per share for the quarter, hitting the consensus estimate of $0.30. Marvell Technology had a positive return on equity of 4.31% and a negative net margin of 18.30%. The firm had revenue of $1.27 billion during the quarter, compared to analysts' expectations of $1.25 billion. During the same period in the previous year, the business posted $0.18 EPS. The company's quarterly revenue was down 5.1% compared to the same quarter last year. On average, analysts expect Marvell Technology to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Marvell Technology Trading Down 0.3 %

NASDAQ:MRVL traded down $0.27 during trading hours on Tuesday, hitting $92.24. The stock had a trading volume of 9,986,338 shares, compared to its average volume of 12,027,795. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.26 and a current ratio of 1.79. The company has a market cap of $81.74 billion, a price-to-earnings ratio of -83.10, a P/E/G ratio of 4.02 and a beta of 1.44. The business's 50 day moving average is $81.05 and its 200-day moving average is $73.76. Marvell Technology has a one year low of $50.35 and a one year high of $95.09.

Marvell Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, October 11th were given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.26%. The ex-dividend date was Friday, October 11th. Marvell Technology's dividend payout ratio (DPR) is currently -21.62%.

Analyst Ratings Changes

MRVL has been the topic of a number of analyst reports. Loop Capital initiated coverage on shares of Marvell Technology in a research note on Monday, November 11th. They set a "hold" rating and a $95.00 price objective on the stock. Citigroup reissued a "buy" rating and issued a $91.00 price objective on shares of Marvell Technology in a research report on Monday, October 14th. Oppenheimer raised their price target on shares of Marvell Technology from $90.00 to $110.00 and gave the stock an "outperform" rating in a report on Tuesday. Evercore ISI upped their target price on shares of Marvell Technology from $91.00 to $98.00 and gave the stock an "outperform" rating in a report on Friday, August 30th. Finally, Stifel Nicolaus reissued a "buy" rating and set a $95.00 price target (up from $90.00) on shares of Marvell Technology in a research report on Friday, August 30th. Three analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Marvell Technology has an average rating of "Moderate Buy" and an average target price of $93.43.

Insiders Place Their Bets

In other Marvell Technology news, Director Ford Tamer sold 92,000 shares of the firm's stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $74.16, for a total value of $6,822,720.00. Following the completion of the sale, the director now directly owns 351,193 shares of the company's stock, valued at $26,044,472.88. This trade represents a 20.76 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Chris Koopmans sold 6,000 shares of the business's stock in a transaction on Friday, November 15th. The shares were sold at an average price of $89.14, for a total transaction of $534,840.00. Following the completion of the sale, the executive vice president now directly owns 103,244 shares of the company's stock, valued at approximately $9,203,170.16. This trade represents a 5.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 267,000 shares of company stock worth $20,899,260 in the last three months. 0.33% of the stock is currently owned by corporate insiders.

Marvell Technology Company Profile

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.