Marvell Technology (NASDAQ:MRVL) Stock Price Down 1.2% - Time to Sell?

Key Points

• Marvell Technology's stock price fell by 1.2%, closing at $74.62 on Tuesday after trading as low as $74.02.
• The company reported quarterly earnings of $0.67 per share with revenue of $2.01 billion, meeting analyst expectations and showing a 57.6% year-over-year increase.
• Analyst ratings for Marvell Technology are mixed, with a consensus rating of "Moderate Buy" and price targets ranging from $90 to $115, indicating varying confidence among market analysts.

Marvell Technology, Inc. (NASDAQ:MRVL - Get Free Report)'s stock price was down 1.2% on Tuesday . The stock traded as low as $74.02 and last traded at $74.62. Approximately 21,139,170 shares traded hands during trading, an increase of 10% from the average daily volume of 19,262,936 shares. The stock had previously closed at $75.53.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. B. Riley reaffirmed a "buy" rating and issued a $115.00 price target (up previously from $110.00) on shares of Marvell Technology in a report on Wednesday, June 18th. Susquehanna reduced their target price on Marvell Technology from $110.00 to $90.00 and set a "positive" rating on the stock in a research note on Tuesday, May 27th. Zacks Research cut Marvell Technology from a "hold" rating to a "strong sell" rating in a report on Tuesday, August 26th. Wells Fargo & Company cut their price target on Marvell Technology from $95.00 to $90.00 and set an "overweight" rating for the company in a report on Friday, August 29th. Finally, BNP Paribas raised Marvell Technology to a "strong-buy" rating in a research note on Friday, August 29th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Marvell Technology presently has a consensus rating of "Moderate Buy" and a consensus target price of $90.50.

Marvell Technology Stock Performance

The company has a quick ratio of 1.44, a current ratio of 1.88 and a debt-to-equity ratio of 0.30. The company has a market cap of $64.33 billion, a PE ratio of -574.00, a P/E/G ratio of 0.90 and a beta of 1.85. The stock's 50 day simple moving average is $72.51 and its two-hundred day simple moving average is $67.25.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last posted its quarterly earnings results on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share for the quarter, hitting analysts' consensus estimates of $0.67. The company 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%. Marvell Technology's revenue was up 57.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.30 earnings per share. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. As a group, research analysts anticipate that Marvell Technology, Inc. will post 0.91 earnings per share for the current year.

Marvell Technology Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 30th. Stockholders of record on Friday, October 10th will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Friday, October 10th. Marvell Technology's dividend payout ratio (DPR) is currently -184.62%.

Insider Activity at Marvell Technology

In other news, EVP Mark Casper sold 3,000 shares of the firm's stock in a transaction on Friday, July 18th. The shares were 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 of the company's stock, valued at approximately $1,241,743.05. This trade represents a 14.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.33% of the company's stock.

Hedge Funds Weigh In On Marvell Technology

Hedge funds have recently made changes to their positions in the business. Hughes Financial Services LLC purchased a new position in shares of Marvell Technology in the 1st quarter valued at $26,000. Rossby Financial LCC acquired a new stake in Marvell Technology during the 1st quarter valued at $27,000. Financial Connections Group Inc. grew its holdings in Marvell Technology by 776.0% during the 1st quarter. Financial Connections Group Inc. now owns 438 shares of the semiconductor company's stock valued at $27,000 after purchasing an additional 388 shares in the last quarter. Game Plan Financial Advisors LLC acquired a new stake in Marvell Technology during the 2nd quarter valued at $27,000. Finally, Vision Financial Markets LLC acquired a new stake in Marvell Technology during the 1st quarter valued at $28,000. Hedge funds and other institutional investors own 83.51% of the company's stock.

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.

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