Marvell Technology (NASDAQ:MRVL) Stock Price Up 1.6% - Time to Buy?

Key Points

• Marvell Technology's stock price increased by 1.6% to $84.13, with a notable decline in trading volume.
• The company has declared a $5.00 billion share buyback program, signaling confidence in its valuation amidst several analyst ratings and price target changes.
• Marvell recently reported a quarterly earnings of $0.67 EPS, matching expectations, but has a negative net margin of -1.43%.

Marvell Technology, Inc. (NASDAQ:MRVL - Get Free Report)'s stock price rose 1.6% during trading on Friday . The stock traded as high as $85.79 and last traded at $84.13. Approximately 11,644,120 shares were traded during mid-day trading, a decline of 40% from the average daily volume of 19,396,863 shares. The stock had previously closed at $82.77.

Analyst Ratings Changes

MRVL has been the topic of several research reports. The Goldman Sachs Group initiated coverage on Marvell Technology in a research report on Thursday, July 10th. They issued a "neutral" rating and a $75.00 price objective on the stock. Jefferies Financial Group dropped their target price on Marvell Technology from $90.00 to $80.00 and set a "buy" rating on the stock in a research report on Friday, August 29th. Deutsche Bank Aktiengesellschaft lifted their target price on Marvell Technology from $80.00 to $90.00 and gave the stock a "buy" rating in a research report on Thursday, September 25th. Rosenblatt Securities dropped their target price on Marvell Technology from $124.00 to $95.00 and set a "buy" rating on the stock in a research report on Friday, August 29th. Finally, Oppenheimer lifted their target price on Marvell Technology from $95.00 to $115.00 and gave the stock an "outperform" rating in a research report on Friday, October 10th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and thirteen have given a Hold rating to the company. Based on data from MarketBeat.com, Marvell Technology currently has an average rating of "Moderate Buy" and a consensus target price of $93.06.

Marvell Technology Stock Up 1.6%

The firm has a market capitalization of $72.53 billion, a price-to-earnings ratio of -647.15, a P/E/G ratio of 0.99 and a beta of 1.94. The stock has a 50 day moving average of $76.97 and a 200 day moving average of $70.41. The company has a quick ratio of 1.44, a current ratio of 1.88 and a debt-to-equity ratio of 0.30.

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

Marvell Technology Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 30th. Investors 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 yield of 0.3%. The ex-dividend date is Friday, October 10th. Marvell Technology's dividend payout ratio (DPR) is -184.62%.

Marvell Technology declared that its Board of Directors has approved a share buyback plan on Wednesday, September 24th that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the semiconductor company to purchase up to 7.8% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's leadership believes its stock is undervalued.

Insider Buying and Selling

In related news, insider Sandeep Bharathi bought 3,400 shares of the firm's stock in a transaction on Thursday, September 25th. The stock was bought at an average cost of $78.03 per share, for a total transaction of $265,302.00. Following the completion of the purchase, the insider directly owned 73,392 shares in the company, valued at approximately $5,726,777.76. The trade was a 4.86% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Chris Koopmans bought 6,800 shares of the firm's stock in a transaction on Thursday, September 25th. The stock was bought at an average price of $78.03 per share, with a total value of $530,604.00. Following the completion of the purchase, the chief operating officer owned 104,825 shares of the company's stock, valued at $8,179,494.75. This trade represents a 6.94% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 27,200 shares of company stock valued at $2,109,632. 0.19% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Marvell Technology

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Hughes Financial Services LLC acquired a new position in Marvell Technology in the first quarter valued at approximately $26,000. Rossby Financial LCC acquired a new position in shares of Marvell Technology during the first quarter worth approximately $27,000. Financial Connections Group Inc. boosted its position in shares of Marvell Technology by 776.0% during the first quarter. Financial Connections Group Inc. now owns 438 shares of the semiconductor company's stock worth $27,000 after buying an additional 388 shares during the period. Game Plan Financial Advisors LLC acquired a new position in shares of Marvell Technology during the second quarter worth approximately $27,000. Finally, Atlantic Edge Private Wealth Management LLC boosted its position in shares of Marvell Technology by 160.0% during the third quarter. Atlantic Edge Private Wealth Management LLC now owns 325 shares of the semiconductor company's stock worth $27,000 after buying an additional 200 shares during the period. 83.51% of the stock is currently owned by institutional investors and hedge funds.

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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