Marvell Technology (NASDAQ:MRVL) Trading Down 2.6% - What's Next?

Key Points

• Marvell Technology's stock fell 2.6% on Wednesday, trading down to $62.90, with a significant decline in trading volume of 49% compared to average session volume.
• Analysts have generally downgraded their price targets for Marvell Technology, with most ratings reflecting a "Moderate Buy" consensus and averages between $80.00 and $90.50.
• The company reported quarterly earnings that met expectations, showing a revenue increase of 57.6% year-over-year, alongside a quarterly dividend with a yield of 0.4%.

Marvell Technology, Inc. (NASDAQ:MRVL - Get Free Report) fell 2.6% on Wednesday . The stock traded as low as $62.95 and last traded at $62.90. 9,628,026 shares were traded during mid-day trading, a decline of 49% from the average session volume of 18,853,463 shares. The stock had previously closed at $64.60.

Analysts Set New Price Targets

Several research analysts have commented on MRVL shares. Wall Street Zen downgraded Marvell Technology from a "buy" rating to a "hold" rating in a report on Sunday, August 17th. Piper Sandler restated an "overweight" rating and set a $85.00 price objective (down from $95.00) on shares of Marvell Technology in a report on Friday, May 30th. Deutsche Bank Aktiengesellschaft reduced their price objective on Marvell Technology from $100.00 to $85.00 and set a "buy" rating on the stock in a report on Friday, May 30th. Raymond James Financial reaffirmed an "outperform" rating and set a $90.00 target price (down previously from $110.00) on shares of Marvell Technology in a research report on Friday, May 30th. Finally, Needham & Company LLC dropped their target price on Marvell Technology from $85.00 to $80.00 and set a "buy" rating on the stock in a research report on Friday, August 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $90.50.

Marvell Technology Price Performance

The stock has a market cap of $53.63 billion, a price-to-earnings ratio of -476.93, a P/E/G ratio of 0.68 and a beta of 1.85. The stock has a fifty day moving average of $74.32 and a 200 day moving average of $69.95. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.30 and a quick ratio of 0.94.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $2.01 billion during the quarter, compared to analysts' expectations of $2.01 billion. Marvell Technology had a positive return on equity of 11.02% and a negative net margin of 1.43%.The company'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. On average, analysts expect that Marvell Technology, Inc. will post 0.91 EPS for the current fiscal year.

Marvell Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Investors 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 at Marvell Technology

In related news, CFO Willem A. Meintjes sold 1,500 shares of Marvell Technology 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 completion of the transaction, the chief financial officer owned 121,348 shares in the company, valued at $8,314,764.96. The trade was a 1.22% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Mark Casper sold 3,000 shares of Marvell Technology 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 completion of the transaction, 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 position. 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 90 days. Corporate insiders own 0.33% of the company's stock.

Institutional Investors Weigh In On Marvell Technology

Large investors have recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Marvell Technology during the 4th quarter worth approximately $234,000. Dynamic Advisor Solutions LLC boosted its holdings in shares of Marvell Technology by 5.0% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 4,313 shares of the semiconductor company's stock worth $266,000 after purchasing an additional 206 shares during the last quarter. Yousif Capital Management LLC boosted its holdings in shares of Marvell Technology by 8.4% during the 1st quarter. Yousif Capital Management LLC now owns 15,057 shares of the semiconductor company's stock worth $927,000 after purchasing an additional 1,164 shares during the last quarter. Credit Agricole S A boosted its holdings in shares of Marvell Technology by 27.7% during the 1st quarter. Credit Agricole S A now owns 585,947 shares of the semiconductor company's stock worth $36,077,000 after purchasing an additional 127,169 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings 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 worth $1,272,117,000 after purchasing an additional 5,050,159 shares during the last quarter. 83.51% of the stock is currently owned by hedge funds and other institutional investors.

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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