Marvell Technology (NASDAQ:MRVL) Trading Up 4.1% - Here's What Happened

Key Points

• Marvell Technology's stock rose 4.1% to a trading price of $74.17, with a significant decline in trading volume at 4.2 million shares, compared to the average of 18.3 million shares.
• Brokerage ratings for Marvell are mixed, with one Strong Buy, 22 Buy, seven Hold, and one Sell, contributing to a consensus rating of "Moderate Buy" and a target price of $94.70.
• The company announced a quarterly dividend of $0.06 per share, resulting in an annualized yield of 0.3%.

Marvell Technology, Inc. (NASDAQ:MRVL - Get Free Report)'s share price was up 4.1% during trading on Friday . The stock traded as high as $74.73 and last traded at $74.17. Approximately 4,213,371 shares were traded during trading, a decline of 77% from the average daily volume of 18,286,916 shares. The stock had previously closed at $71.21.

Wall Street Analyst Weigh In

MRVL has been the subject of several recent analyst reports. Susquehanna lowered their price target on Marvell Technology from $110.00 to $90.00 and set a "positive" rating for the company in a research report on Tuesday, May 27th. KeyCorp lowered their price target on Marvell Technology from $115.00 to $90.00 and set an "overweight" rating for the company in a research report on Friday, May 30th. Needham & Company LLC lowered Marvell Technology from a "buy" rating to a "cautious" rating in a research report on Wednesday, July 16th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $124.00 price target on shares of Marvell Technology in a research report on Wednesday, June 18th. Finally, Benchmark reaffirmed a "buy" rating and issued a $95.00 price target on shares of Marvell Technology in a research report on Wednesday, June 18th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $94.70.

Marvell Technology Price Performance

The firm has a fifty day moving average of $74.72 and a 200 day moving average of $71.87. The company has a market capitalization of $63.06 billion, a P/E ratio of -128.07, a P/E/G ratio of 0.79 and a beta of 1.83. The company has a current ratio of 1.30, a quick ratio of 0.94 and a debt-to-equity ratio of 0.22.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last released its quarterly earnings data on Thursday, May 29th. The semiconductor company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.61 by $0.01. Marvell Technology had a positive return on equity of 8.42% and a negative net margin of 7.56%.The company had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.88 billion. During the same period last year, the company earned $0.24 EPS. Marvell Technology's revenue for the quarter was up 63.3% on a year-over-year basis. Marvell Technology has set its Q2 2026 guidance at 0.620-0.720 EPS. On average, equities research analysts anticipate that Marvell Technology, Inc. will post 0.91 EPS for the current year.

Marvell Technology Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Friday, July 11th were paid 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 was Friday, July 11th. Marvell Technology's payout ratio is currently -42.11%.

Insider Buying and Selling at Marvell Technology

In other Marvell Technology news, CFO Willem A. Meintjes sold 1,500 shares of the business's stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $68.52, for a total transaction of $102,780.00. Following the completion of the sale, the chief financial officer directly owned 121,348 shares in the company, valued at $8,314,764.96. The trade was a 1.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Mark Casper sold 3,000 shares of the business's stock in a transaction dated Friday, July 18th. The shares were sold at an average price of $72.35, for a total value of $217,050.00. Following the sale, the executive vice president owned 17,163 shares of the company's stock, valued at approximately $1,241,743.05. This represents a 14.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,783 shares of company stock worth $407,716 in the last three months. 0.19% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Marvell Technology

A number of large investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Marvell Technology by 1.1% during the 2nd quarter. Vanguard Group Inc. now owns 64,443,232 shares of the semiconductor company's stock valued at $4,987,906,000 after purchasing an additional 673,110 shares during the period. Brown Advisory Inc. lifted its position in shares of Marvell Technology by 8.0% during the 2nd quarter. Brown Advisory Inc. now owns 20,840,336 shares of the semiconductor company's stock valued at $1,613,044,000 after buying an additional 1,539,809 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Marvell Technology by 32.3% during 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 buying an additional 5,050,159 shares in the last quarter. State Street Corp lifted its position in shares of Marvell Technology by 2.7% during the 2nd quarter. State Street Corp now owns 20,573,260 shares of the semiconductor company's stock valued at $1,592,370,000 after buying an additional 533,946 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its position in shares of Marvell Technology by 6.9% during the 4th quarter. Janus Henderson Group PLC now owns 13,239,154 shares of the semiconductor company's stock valued at $1,462,274,000 after buying an additional 857,087 shares in the last quarter. 83.51% of the stock is currently owned by institutional investors.

About Marvell Technology

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.