Marvell Technology (NASDAQ:MRVL) Shares Down 2.9% - Here's Why

Key Points

• Marvell shares fell 2.9% on Friday to about $94.88, with ~16.4 million shares traded—slightly below the session average—after a prior close of $97.68.
• Analysts remain broadly favorable: the stock carries a consensus rating of Moderate Buy with an average price target of $117.24, and several firms (Citigroup, KeyCorp, JPMorgan) recently raised their targets.
• Marvell modestly beat the quarter (EPS $0.80 vs. $0.79; revenue $2.22B vs. $2.21B) with revenue up 22.1% YoY, set Q1 2027 guidance of $0.740–$0.840 EPS, and announced a $0.06 quarterly dividend (0.3% yield).

Marvell Technology, Inc. (NASDAQ:MRVL - Get Free Report)'s share price fell 2.9% on Friday . The company traded as low as $93.40 and last traded at $94.88. 16,427,642 shares traded hands during mid-day trading, a decline of 4% from the average session volume of 17,139,637 shares. The stock had previously closed at $97.68.

Analyst Ratings Changes

MRVL has been the subject of several research reports. Weiss Ratings reiterated a "hold (c)" rating on shares of Marvell Technology in a research note on Monday, December 29th. Citigroup lifted their price target on Marvell Technology from $113.00 to $118.00 and gave the stock a "buy" rating in a research note on Friday, March 6th. Needham & Company LLC dropped their price target on Marvell Technology from $120.00 to $118.00 and set a "buy" rating for the company in a research report on Tuesday, February 3rd. KeyCorp increased their price objective on Marvell Technology from $90.00 to $130.00 and gave the company an "overweight" rating in a research note on Wednesday, December 3rd. Finally, JPMorgan Chase & Co. raised their price objective on Marvell Technology from $130.00 to $135.00 and gave the company an "overweight" rating in a report on Friday, March 6th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $117.24.

Marvell Technology Stock Down 2.9%

The stock has a market capitalization of $82.97 billion, a price-to-earnings ratio of 30.81, a PEG ratio of 0.89 and a beta of 1.97. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.01 and a quick ratio of 1.58. The business has a fifty day moving average of $83.07 and a 200 day moving average of $84.13.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last posted its earnings results on Thursday, March 5th. The semiconductor company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.01. Marvell Technology had a return on equity of 14.22% and a net margin of 32.58%.The company had revenue of $2.22 billion during the quarter, compared to analysts' expectations of $2.21 billion. During the same quarter last year, the firm earned $0.60 earnings per share. The firm's quarterly revenue was up 22.1% compared to the same quarter last year. Marvell Technology has set its Q1 2027 guidance at 0.740-0.840 EPS. As a group, equities analysts predict that Marvell Technology, Inc. will post 0.91 earnings per share for the current year.

Marvell Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Friday, April 10th will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.3%. The ex-dividend date is Friday, April 10th. Marvell Technology's payout ratio is 7.79%.

Insider Buying and Selling

In other Marvell Technology news, EVP Mark Casper sold 5,000 shares of the stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $93.08, for a total transaction of $465,400.00. Following the completion of the transaction, the executive vice president owned 19,418 shares of the company's stock, valued at $1,807,427.44. This trade represents a 20.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.19% of the stock is owned by insiders.

Institutional Investors Weigh In On Marvell Technology

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Ellsworth Advisors LLC acquired a new position in shares of Marvell Technology in the third quarter valued at approximately $5,864,000. Vanguard Group Inc. lifted its holdings in Marvell Technology by 23.5% during the 3rd quarter. Vanguard Group Inc. now owns 79,610,208 shares of the semiconductor company's stock worth $6,692,830,000 after buying an additional 15,166,976 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd lifted its holdings in Marvell Technology by 1,292.1% during the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 389,809 shares of the semiconductor company's stock worth $32,656,000 after buying an additional 361,807 shares in the last quarter. Norges Bank purchased a new position in Marvell Technology in the 2nd quarter valued at approximately $716,713,000. Finally, Triasima Portfolio Management inc. purchased a new position in Marvell Technology in the 3rd quarter valued at approximately $1,426,000. 83.51% of the stock is owned by hedge funds and other institutional investors.

Marvell Technology Company Profile

Marvell Technology Group is a global semiconductor company that designs and develops integrated circuits and related software for data infrastructure, networking, storage and connectivity markets. The company's product portfolio includes system-on-chip (SoC) solutions, Ethernet physical-layer transceivers (PHYs), switch and switch silicon, optical interconnect components, storage controllers, and security processors. Marvell's technology is used to enable high-performance data centers, carrier networks, enterprise and cloud storage, as well as connectivity in automotive and industrial applications.

Founded in 1995 and headquartered in Santa Clara, California, Marvell has grown through both organic development and strategic acquisitions to broaden its capabilities across networking and data interconnect.

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