Marvell Technology (NASDAQ:MRVL) Stock Price Down 1.3% - Here's Why

Key Points

• Marvell Technology's shares dropped 1.3% to $63.25, with trading volume down 59% compared to average session volume.
• Analysts have issued mixed ratings for Marvell, with price targets ranging from $70.00 to $95.00, reflecting a consensus rating of "Moderate Buy."
• The company reported earnings of $0.67 per share, matching analysts' expectations, with revenue of $2.01 billion, marking a 57.6% increase year-over-year.

Marvell Technology, Inc. (NASDAQ:MRVL - Get Free Report) fell 1.3% during trading on Friday . The stock traded as low as $63.28 and last traded at $63.25. 7,801,229 shares traded hands during trading, a decline of 59% from the average session volume of 18,987,994 shares. The stock had previously closed at $64.10.

Analysts Set New Price Targets

Several brokerages have recently commented on MRVL. BNP Paribas raised Marvell Technology to a "strong-buy" rating in a report on Friday, August 29th. Oppenheimer reaffirmed an "outperform" rating and set a $95.00 target price on shares of Marvell Technology in a report on Friday, August 29th. The Goldman Sachs Group began coverage on Marvell Technology in a report on Thursday, July 10th. They set a "neutral" rating and a $75.00 target price for the company. Piper Sandler reaffirmed an "overweight" rating and set a $85.00 target price (down from $95.00) on shares of Marvell Technology in a report on Friday, May 30th. Finally, Evercore ISI reduced their target price on Marvell Technology from $133.00 to $122.00 and set an "outperform" rating for the company in a report on Friday, August 29th. Two investment 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, Marvell Technology has an average rating of "Moderate Buy" and an average target price of $90.50.

Marvell Technology Stock Down 1.2%

The stock has a market capitalization of $54.60 billion, a price-to-earnings ratio of -487.15, a price-to-earnings-growth ratio of 0.77 and a beta of 1.85. The company has a quick ratio of 0.94, a current ratio of 1.88 and a debt-to-equity ratio of 0.30. The firm has a 50-day moving average of $73.45 and a two-hundred day moving average of $69.01.

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, 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 positive return on equity of 11.01% and a negative net margin of 1.43%.Marvell Technology's quarterly revenue was up 57.6% on a year-over-year basis. During the same period in the previous 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, sell-side analysts anticipate that Marvell Technology, Inc. will post 0.91 earnings per share for the current year.

Marvell Technology Dividend Announcement

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

Insiders Place Their Bets

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

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. bought a new stake in Marvell Technology during the fourth quarter worth approximately $234,000. Dynamic Advisor Solutions LLC boosted its stake in Marvell Technology by 5.0% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 4,313 shares of the semiconductor company's stock valued at $266,000 after purchasing an additional 206 shares during the period. Yousif Capital Management LLC boosted its stake in Marvell Technology by 8.4% during the 1st quarter. Yousif Capital Management LLC now owns 15,057 shares of the semiconductor company's stock valued at $927,000 after purchasing an additional 1,164 shares during the period. Credit Agricole S A boosted its stake in Marvell Technology by 27.7% during 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 during the period. Finally, Goldman Sachs Group Inc. boosted its stake 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. 83.51% of the stock is 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.