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

Key Points

• Marvell Technology's stock rose by 1.4%, closing at $73.96 amid lower trading volume, indicating reduced investor activity compared to the average daily volume.
• Analysts have set aggressive price targets for Marvell Technology, with estimates ranging from $90 to $135, reflecting strong buy support from a majority of analysts.
• Marvell announced a quarterly dividend of $0.06 per share, representing an annual yield of 0.3%, although the company has a negative dividend payout ratio.

Marvell Technology, Inc. (NASDAQ:MRVL - Get Free Report) shares were up 1.4% on Tuesday . The company traded as high as $74.18 and last traded at $73.96. Approximately 2,181,088 shares traded hands during mid-day trading, a decline of 88% from the average daily volume of 18,203,023 shares. The stock had previously closed at $72.95.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on MRVL shares. Wells Fargo & Company set a $95.00 price target on shares of Marvell Technology and gave the company an "overweight" rating in a research note on Friday. Bank of America boosted their target price on shares of Marvell Technology from $80.00 to $90.00 and gave the company a "buy" rating in a research report on Wednesday, June 18th. Evercore ISI reduced their target price on shares of Marvell Technology from $135.00 to $133.00 and set an "outperform" rating for the company in a research report on Friday, May 30th. KeyCorp reduced their target price on shares of Marvell Technology from $115.00 to $90.00 and set an "overweight" rating for the company in a research report on Friday, May 30th. Finally, B. Riley reissued a "buy" rating and issued a $115.00 target price (up previously from $110.00) on shares of Marvell Technology in a research report on Wednesday, June 18th. One analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $94.70.

Marvell Technology Stock Up 2.5%

The firm has a market cap of $64.59 billion, a P/E ratio of -130.95, a PEG ratio of 0.79 and a beta of 1.83. The stock's 50-day simple moving average is $74.78 and its 200 day simple moving average is $71.28. 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 issued its quarterly earnings data on Thursday, May 29th. The semiconductor company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.01. Marvell Technology had a positive return on equity of 8.42% and a negative net margin of 7.56%.The business had revenue of $1.90 billion for the quarter, compared to analysts' expectations of $1.88 billion. During the same period last year, the business earned $0.24 EPS. The business's revenue was up 63.3% on a year-over-year basis. Marvell Technology has set its Q2 2026 guidance at 0.620-0.720 EPS. As a group, research analysts forecast that Marvell Technology, Inc. will post 0.91 EPS for the current fiscal year.

Marvell Technology Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Friday, July 11th were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, July 11th. This represents a $0.24 annualized dividend and a dividend yield of 0.3%. Marvell Technology's dividend payout ratio (DPR) is currently -42.11%.

Insider Activity

In other news, CFO Willem A. Meintjes sold 1,500 shares of the firm's stock in a transaction on Monday, June 16th. The stock was sold at an average price of $68.52, for a total transaction of $102,780.00. Following the completion of the sale, the chief financial officer directly owned 121,348 shares of the company's stock, valued at $8,314,764.96. This trade represents a 1.22% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, 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 sale, the executive vice president directly owned 17,163 shares of the company's stock, valued at approximately $1,241,743.05. This represents a 14.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,783 shares of company stock valued at $407,716 in the last ninety days. 0.33% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Marvell Technology

Several large investors have recently made changes to their positions in MRVL. Hughes Financial Services LLC purchased a new stake in Marvell Technology in the 1st quarter worth about $26,000. Rossby Financial LCC bought a new stake in Marvell Technology in the 1st quarter worth approximately $27,000. Financial Connections Group Inc. lifted its position in Marvell Technology by 776.0% in the 1st 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 last quarter. Game Plan Financial Advisors LLC bought a new stake in Marvell Technology in the 2nd quarter worth approximately $27,000. Finally, Vision Financial Markets LLC bought a new stake in Marvell Technology in the 1st quarter worth approximately $28,000. 83.51% of the stock is 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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