Marvell Technology (NASDAQ:MRVL) Releases Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Marvell Technology (NASDAQ:MRVL - Get Free Report) announced its quarterly earnings data on Thursday. The semiconductor company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.01, Briefing.com reports. Marvell Technology had a negative net margin of 27.49% and a positive return on equity of 4.59%. The business had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.88 billion. During the same period in the prior year, the business posted $0.24 earnings per share. Marvell Technology's revenue was up 63.3% compared to the same quarter last year. Marvell Technology updated its Q2 2026 guidance to 0.620-0.720 EPS.

Marvell Technology Stock Down 7.0%

MRVL stock traded down $4.45 during midday trading on Friday, hitting $59.28. The company's stock had a trading volume of 48,266,075 shares, compared to its average volume of 14,449,962. The company's fifty day moving average price is $58.72 and its 200 day moving average price is $86.84. Marvell Technology has a twelve month low of $47.09 and a twelve month high of $127.48. The stock has a market capitalization of $51.21 billion, a P/E ratio of -34.87, a PEG ratio of 1.61 and a beta of 1.83. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.60 and a quick ratio of 1.11.

Marvell Technology Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 1st. Shareholders of record on Friday, April 11th were paid a $0.06 dividend. The ex-dividend date of this dividend was Friday, April 11th. This represents a $0.24 annualized dividend and a yield of 0.40%. Marvell Technology's payout ratio is currently -23.53%.

Insider Activity

In other news, CAO Panteha Dixon sold 1,430 shares of Marvell Technology stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $68.75, for a total value of $98,312.50. Following the completion of the transaction, the chief accounting officer now owns 31,100 shares of the company's stock, valued at $2,138,125. This trade represents a 4.40% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Mark Casper sold 626 shares of Marvell Technology stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $61.10, for a total transaction of $38,248.60. Following the completion of the transaction, the executive vice president now directly owns 626 shares of the company's stock, valued at approximately $38,248.60. This trade represents a 50.00% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 33,541 shares of company stock valued at $2,079,948 in the last quarter. Company insiders own 0.33% of the company's stock.

Institutional Trading of Marvell Technology

An institutional investor recently raised its position in Marvell Technology stock. Intech Investment Management LLC increased its stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 3.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 28,784 shares of the semiconductor company's stock after buying an additional 1,085 shares during the period. Intech Investment Management LLC's holdings in Marvell Technology were worth $1,772,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 83.51% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. KeyCorp cut their target price on shares of Marvell Technology from $115.00 to $90.00 and set an "overweight" rating on the stock in a report on Friday. Evercore ISI cut their target price on shares of Marvell Technology from $135.00 to $133.00 and set an "outperform" rating on the stock in a report on Friday. Rosenblatt Securities reiterated a "buy" rating and issued a $124.00 target price on shares of Marvell Technology in a report on Friday. Needham & Company LLC cut their target price on shares of Marvell Technology from $100.00 to $85.00 and set a "buy" rating on the stock in a report on Friday. Finally, Loop Capital cut their target price on shares of Marvell Technology from $110.00 to $90.00 and set a "buy" rating on the stock in a report on Friday. Seven research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $94.21.

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.