Marvell Technology (NASDAQ:MRVL) Shares Up 2% After Better-Than-Expected Earnings

Key Points

• Shares rose about 2% after Marvell reported EPS of $0.76 vs. $0.74 expected and revenue of $2.07B vs. $2.06B, and the company set Q4 2026 guidance of $0.740–$0.840 EPS.
• The board authorized a $5.0 billion buyback (up to 7.8% of shares) and declared a quarterly dividend of $0.06 ($0.24 annual, 0.3% yield), while insiders — including the CFO — bought shares, signaling management confidence.
• Analysts hold a "Moderate Buy" consensus with an average price target of $94.72, and institutional investors (led by Vanguard) have materially increased positions, with institutions owning roughly 83.5% of the stock.

Shares of Marvell Technology, Inc. (NASDAQ:MRVL - Get Free Report) rose 2% on Tuesday following a better than expected earnings announcement. The company traded as high as $93.86 and last traded at $92.89. Approximately 29,361,757 shares changed hands during trading, an increase of 53% from the average daily volume of 19,147,768 shares. The stock had previously closed at $91.10.

The semiconductor company reported $0.76 EPS for the quarter, topping analysts' consensus estimates of $0.74 by $0.02. The company had revenue of $2.07 billion for the quarter, compared to analysts' expectations of $2.06 billion. Marvell Technology had a positive return on equity of 11.01% and a negative net margin of 1.43%.Marvell Technology has set its Q4 2026 guidance at 0.740-0.840 EPS.

Marvell Technology Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 30th. Stockholders of record on Friday, October 10th were given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Friday, October 10th. Marvell Technology's dividend payout ratio is currently -184.62%.

Marvell Technology declared that its board has authorized a share buyback plan on Wednesday, September 24th that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the semiconductor company to repurchase up to 7.8% of its shares through open market purchases. Shares buyback plans are often a sign that the company's leadership believes its shares are undervalued.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Benchmark reaffirmed a "buy" rating and issued a $95.00 price target on shares of Marvell Technology in a report on Friday, August 29th. Morgan Stanley boosted their target price on Marvell Technology from $76.00 to $86.00 and gave the company an "equal weight" rating in a research note on Monday. Rosenblatt Securities reaffirmed a "buy" rating and set a $95.00 price target on shares of Marvell Technology in a research report on Monday. BNP Paribas raised Marvell Technology to a "strong-buy" rating in a report on Friday, August 29th. Finally, Cantor Fitzgerald restated a "neutral" rating and issued a $75.00 price objective on shares of Marvell Technology in a research note on Friday, August 29th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and fifteen have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $94.72.

Insider Buying and Selling

In related news, insider Sandeep Bharathi acquired 3,400 shares of the company's stock in a transaction that occurred on Thursday, September 25th. The shares were acquired at an average price of $78.03 per share, with a total value of $265,302.00. Following the acquisition, the insider owned 73,392 shares of the company's stock, valued at approximately $5,726,777.76. This trade represents a 4.86% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Willem A. Meintjes bought 3,400 shares of Marvell Technology stock in a transaction on Thursday, September 25th. The shares were bought at an average cost of $78.03 per share, with a total value of $265,302.00. Following the acquisition, the chief financial officer directly owned 132,159 shares in the company, valued at approximately $10,312,366.77. This represents a 2.64% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last quarter, insiders acquired 27,200 shares of company stock worth $2,109,632. Company insiders own 0.19% of the company's stock.

Institutional Trading of Marvell Technology

Institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Marvell Technology by 23.5% during the 3rd quarter. Vanguard Group Inc. now owns 79,610,208 shares of the semiconductor company's stock valued at $6,692,830,000 after purchasing an additional 15,166,976 shares in the last quarter. Norges Bank bought a new stake in Marvell Technology during the second quarter valued at $716,713,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its position in Marvell Technology by 4,758.5% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 7,036,216 shares of the semiconductor company's stock worth $544,603,000 after buying an additional 6,891,393 shares in the last quarter. Nuveen LLC bought a new position in Marvell Technology in the 1st quarter worth about $399,587,000. Finally, Ameriprise Financial Inc. raised its holdings in shares of Marvell Technology by 59.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 16,624,827 shares of the semiconductor company's stock valued at $1,397,751,000 after acquiring an additional 6,217,952 shares in the last quarter. 83.51% of the stock is currently owned by hedge funds and other institutional investors.

Marvell Technology Trading Up 2.0%

The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.44 and a current ratio of 1.88. The stock has a market cap of $80.08 billion, a P/E ratio of -714.54, a P/E/G ratio of 1.10 and a beta of 1.95. The stock has a 50-day moving average price of $86.38 and a 200-day moving average price of $76.40.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.