Marvell Technology (NASDAQ:MRVL) Shares Up 2.8% - Should You Buy?

Key Points

• Marvell Technology's stock price increased by 2.8% to $65.09, with a trading volume significantly lower than its average.
• Recent analyst reports show a mixed outlook, with JPMorgan reducing its price target from $130 to $120, while the consensus rating remains a "Moderate Buy" with an average price target of $90.50.
• The company reported earnings of $0.67 EPS, matching expectations, and had a revenue increase of 57.6% year-over-year, indicating strong financial performance despite a negative net margin.

Marvell Technology, Inc. (NASDAQ:MRVL - Get Free Report) shares rose 2.8% during mid-day trading on Monday . The stock traded as high as $65.10 and last traded at $65.09. Approximately 7,009,825 shares traded hands during trading, a decline of 63% from the average daily volume of 19,019,125 shares. The stock had previously closed at $63.33.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. JPMorgan Chase & Co. reduced their price target on shares of Marvell Technology from $130.00 to $120.00 and set an "overweight" rating on the stock in a research report on Friday, August 29th. Morgan Stanley decreased their price objective on shares of Marvell Technology from $80.00 to $76.00 and set an "equal weight" rating on the stock in a report on Friday, August 29th. Wells Fargo & Company reduced their price objective on shares of Marvell Technology from $95.00 to $90.00 and set an "overweight" rating for the company in a research report on Friday, August 29th. The Goldman Sachs Group initiated coverage on Marvell Technology in a research report on Thursday, July 10th. They set a "neutral" rating and a $75.00 price target for the company. Finally, Barclays reaffirmed an "overweight" rating and set a $80.00 price target on shares of Marvell Technology in a report on Friday, August 29th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Marvell Technology has a consensus rating of "Moderate Buy" and an average price target of $90.50.

Marvell Technology Stock Up 3.8%

The company has a debt-to-equity ratio of 0.30, a current ratio of 1.88 and a quick ratio of 1.44. The firm has a market cap of $56.66 billion, a P/E ratio of -506.68, a PEG ratio of 0.77 and a beta of 1.85. The firm's 50-day moving average price is $73.45 and its 200 day moving average price is $68.73.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last announced its earnings results on Thursday, August 28th. The semiconductor company reported $0.67 EPS for the quarter, hitting the consensus estimate of $0.67. The firm had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2.01 billion. Marvell Technology had a negative net margin of 1.43% and a positive return on equity of 11.01%. The business's quarterly revenue was up 57.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.30 EPS. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. On average, equities research analysts expect that Marvell Technology, Inc. will post 0.91 earnings per share for the current fiscal year.

Marvell Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Friday, July 11th were paid a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, July 11th. This represents a $0.24 annualized dividend and a yield of 0.4%. Marvell Technology's payout ratio is currently -184.62%.

Insiders Place Their Bets

In other Marvell Technology news, EVP Mark Casper sold 3,000 shares of Marvell Technology stock in a transaction dated Friday, July 18th. The stock was sold at an average price of $72.35, for a total value of $217,050.00. Following the transaction, the executive vice president owned 17,163 shares in the company, valued at $1,241,743.05. The trade was a 14.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Willem A. Meintjes sold 1,500 shares of the company's stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $68.52, for a total value of $102,780.00. Following the completion of the sale, the chief financial officer owned 121,348 shares in the company, valued at approximately $8,314,764.96. This represents a 1.22% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,783 shares of company stock worth $407,716. 0.33% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Marvell Technology during the fourth quarter worth about $234,000. Dynamic Advisor Solutions LLC boosted its position in shares of Marvell Technology by 5.0% in the 1st quarter. Dynamic Advisor Solutions LLC now owns 4,313 shares of the semiconductor company's stock worth $266,000 after purchasing an additional 206 shares during the last quarter. Yousif Capital Management LLC lifted its stake in Marvell Technology by 8.4% in the first quarter. Yousif Capital Management LLC now owns 15,057 shares of the semiconductor company's stock valued at $927,000 after acquiring an additional 1,164 shares during the last quarter. Credit Agricole S A boosted its holdings in shares of Marvell Technology by 27.7% in the 1st quarter. Credit Agricole S A now owns 585,947 shares of the semiconductor company's stock valued at $36,077,000 after purchasing an additional 127,169 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in shares of Marvell Technology by 32.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 20,661,308 shares of the semiconductor company's stock valued at $1,272,117,000 after purchasing an additional 5,050,159 shares during the period. Institutional investors and hedge funds own 83.51% of the company's stock.

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.

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