Marvell Technology (NASDAQ:MRVL) Trading 1.4% Higher - Time to Buy?

Key Points

• Marvell Technology's stock is currently trading at $63.16, reflecting a 1.4% increase, despite a notable decline in trading volume by 57% compared to its average.
• Analysts have a largely positive outlook on Marvell, with 22 "Buy" ratings and a consensus target price of $90.50, while Oppenheimer and Benchmark have both set a target price of $95.00.
• The company reported a 57.6% year-over-year revenue increase for its last quarter, meeting earnings estimates with $0.67 EPS, alongside a recent announcement of a quarterly dividend of $0.06 per share.

Marvell Technology, Inc. (NASDAQ:MRVL - Get Free Report) was up 1.4% during mid-day trading on Thursday . The company traded as high as $63.08 and last traded at $63.16. Approximately 8,208,494 shares traded hands during mid-day trading, a decline of 57% from the average daily volume of 18,941,779 shares. The stock had previously closed at $62.31.

Analyst Ratings Changes

A number of analysts have issued reports on MRVL shares. Oppenheimer reiterated an "outperform" rating and issued a $95.00 target price on shares of Marvell Technology in a research note on Friday, August 29th. BNP Paribas upgraded shares of Marvell Technology to a "strong-buy" rating in a research note on Friday, August 29th. TD Cowen lifted their target price on shares of Marvell Technology from $60.00 to $70.00 and gave the company a "buy" rating in a research note on Friday, May 30th. Benchmark reiterated a "buy" rating and issued a $95.00 target price on shares of Marvell Technology in a research note on Friday, August 29th. Finally, Needham & Company LLC reduced their target price on shares of Marvell Technology from $85.00 to $80.00 and set a "buy" rating for the company in a research note on Friday, August 29th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $90.50.

Marvell Technology Price Performance

The stock's 50-day moving average is $74.05 and its 200-day moving average is $69.89. The firm has a market cap of $55.37 billion, a P/E ratio of -493.08, a price-to-earnings-growth ratio of 0.68 and a beta of 1.85. The company has a quick ratio of 0.94, a current ratio of 1.30 and a debt-to-equity ratio of 0.22.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last announced its quarterly earnings results on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.67. The firm had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.01 billion. Marvell Technology had a negative net margin of 1.43% and a positive return on equity of 11.02%. The business's revenue for the quarter was up 57.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.30 EPS. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. As a group, equities analysts anticipate that Marvell Technology, Inc. will post 0.91 EPS for the current fiscal year.

Marvell Technology Announces Dividend

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

Insider Activity

In other news, EVP Mark Casper sold 3,000 shares of the business'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 sale, the executive vice president owned 17,163 shares in the company, valued at approximately $1,241,743.05. The trade was a 14.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Panteha Dixon sold 1,283 shares of the business's stock in a transaction on Monday, June 16th. The shares were sold at an average price of $68.50, for a total transaction of $87,885.50. Following the completion of the sale, the chief accounting officer owned 29,572 shares in the company, valued at $2,025,682. This represents a 4.16% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,783 shares of company stock worth $407,716. Corporate insiders own 0.33% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in Marvell Technology by 1.1% during the 2nd quarter. Vanguard Group Inc. now owns 64,443,232 shares of the semiconductor company's stock worth $4,987,906,000 after buying an additional 673,110 shares in the last quarter. Brown Advisory Inc. lifted its position in 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 purchasing an additional 1,539,809 shares during the period. Goldman Sachs Group Inc. lifted its position in 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 purchasing an additional 5,050,159 shares during the period. State Street Corp lifted its position in 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 purchasing an additional 533,946 shares during the period. Finally, Janus Henderson Group PLC lifted its position in 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 purchasing an additional 857,087 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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