Marvell Technology (NASDAQ:MRVL - Get Free Report) announced its quarterly earnings results on Thursday. The semiconductor company reported $0.62 earnings per share for the quarter, beating analysts' consensus estimates of $0.61 by $0.01, Briefing.com reports. Marvell Technology had a positive return on equity of 4.59% and a negative net margin of 27.49%. The business had revenue of $1.90 billion during the quarter, compared to analysts' expectations of $1.88 billion. During the same quarter last year, the business posted $0.24 earnings per share. The business's revenue for the quarter was up 63.3% on a year-over-year basis. Marvell Technology updated its Q2 2026 guidance to 0.620-0.720 EPS.
Marvell Technology Trading Down 7.0%
Shares of NASDAQ MRVL traded down $4.45 during midday trading on Friday, hitting $59.28. The stock had a trading volume of 48,266,075 shares, compared to its average volume of 14,449,962. The company has a market capitalization of $51.21 billion, a price-to-earnings ratio of -34.87, a PEG ratio of 1.61 and a beta of 1.83. Marvell Technology has a 1-year low of $47.09 and a 1-year high of $127.48. The company has a quick ratio of 1.11, a current ratio of 1.60 and a debt-to-equity ratio of 0.30. The company has a fifty day moving average price of $58.72 and a 200 day moving average price of $86.84.
Marvell Technology Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 1st. Stockholders of record on Friday, April 11th were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.40%. The ex-dividend date was Friday, April 11th. Marvell Technology's dividend payout ratio is currently -23.53%.
Insider Activity
In other news, CAO Panteha Dixon sold 1,239 shares of Marvell Technology stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $65.01, for a total value of $80,547.39. Following the transaction, the chief accounting officer now directly owns 30,855 shares of the company's stock, valued at $2,005,883.55. The trade was a 3.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Mark Casper sold 12,460 shares of Marvell Technology stock in a transaction dated Wednesday, April 23rd. The shares were sold at an average price of $55.00, for a total value of $685,300.00. The disclosure for this sale can be found here. Insiders have sold 33,541 shares of company stock valued at $2,079,948 in the last three months. Corporate insiders own 0.33% of the company's stock.
Institutional Investors Weigh In On Marvell Technology
An institutional investor recently raised its position in Marvell Technology stock. Intech Investment Management LLC lifted its stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 3.9% during the 1st quarter, according to the company in 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 quarter. 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.
Analysts Set New Price Targets
A number of brokerages have recently weighed in on MRVL. TD Cowen raised their price target on Marvell Technology from $60.00 to $70.00 and gave the company a "buy" rating in a research report on Friday. Roth Capital set a $100.00 price objective on Marvell Technology in a research report on Thursday, March 6th. KeyCorp dropped their price objective on Marvell Technology from $115.00 to $90.00 and set an "overweight" rating for the company in a research report on Friday. Susquehanna dropped their price objective on Marvell Technology from $110.00 to $90.00 and set a "positive" rating for the company in a research report on Tuesday. Finally, Redburn Atlantic began coverage on Marvell Technology in a research report on Wednesday. They set a "neutral" rating and a $67.00 price objective for the company. Seven equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $94.21.
Check Out Our Latest Research Report on MRVL
Marvell Technology Company Profile
(
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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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