Free Trial

Marvell Technology (MRVL) Stock Price, News & Analysis

Marvell Technology logo
$80.11
-2.69 (-3.25%)
(As of 10/31/2024 ET)

About Marvell Technology Stock (NASDAQ:MRVL)

Key Stats

Today's Range
$79.05
$82.45
50-Day Range
$66.20
$84.87
52-Week Range
$46.07
$85.76
Volume
11.24 million shs
Average Volume
12.21 million shs
Market Capitalization
$70.99 billion
P/E Ratio
N/A
Dividend Yield
0.30%
Price Target
$91.62
Consensus Rating
Buy

Company Overview

Marvell Technology, Inc. is a global semiconductor company founded in 1995 that designs and develops integrated circuits for various applications, including cloud computing, wireless communications, and storage solutions. The company aims to "empower the world's leading innovators to make lives better and the world safer."

Marvell's products and services cater to diverse customers, including some of the world's leading technology companies, such as Microsoft, Samsung, and Western Digital. The company has operations in over 20 countries and employs approximately 5,000 people.

Marvell's management team is led by Chief Executive Officer Matt Murphy, who joined the company in 2016. Murphy has over 25 years of experience in the semiconductor industry and has played a key role in driving Marvell's growth and transformation. A team of experienced executives with diverse engineering, operations, and finance backgrounds supports him.

Marvell reported revenue that has been increasing quite rapidly over the recent past. The company reported a net loss for the past several years, but that net loss has been reducing yearly as Marvell moves toward profitability. Marvell's gross margin is approximately 60%, consistent with the company's historical margin performance.

Marvell has a market capitalization of approximately $30 billion and trades at a forward price-to-earnings ratio that compares favorably to the semiconductor industry average forward P/E ratio. Marvell's price-to-sales ratio is also lower than the industry average. The company's valuation is driven by its strong financial performance, robust growth prospects, and ability to innovate and adapt to changing market conditions.

Marvell's stock has been volatile recently due to downgraded analyst ratings and uncertainty in the semiconductor market. The company's share price has paralleled the benchmark Philadelphia Semiconductor Index over the same period, indicating that this is a sector-wide problem, not a problem with Marvell directly. 

The semiconductor industry has experienced significant growth over the past decade, driven by the proliferation of connected devices, cloud computing, and artificial intelligence. The industry is highly competitive, with prominent players like Intel and Broadcom dominating the market. However, Marvell has carved out a niche by focusing on high-growth markets such as 5G wireless, cloud computing, and automotive applications.

Marvell's competitive advantages include its strong engineering capabilities, innovative product portfolio, and strategic partnerships with leading technology companies. The company has also made significant investments in research and development to stay ahead of emerging technologies and market trends.

Marvell has several growth opportunities, including expanding its presence in the 5G wireless market, developing new products for cloud computing and artificial intelligence, and expanding into new geographic markets. The company has also made strategic acquisitions, such as acquiring Inphi Corporation, to expand its product portfolio and gain access to new customers and markets.

The semiconductor industry is subject to rapid technological change and evolving market conditions, making it challenging for companies to stay competitive. Marvell faces several risks and challenges, including increased competition, supply chain disruptions, and regulatory changes. The company's risk management strategies include diversification of its product portfolio, strategic partnerships, and investments in research and development to stay ahead of emerging technologies and market trends.

Marvell Technology Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
96th Percentile Overall Score

MRVL MarketRank™: 

Marvell Technology scored higher than 96% of companies evaluated by MarketBeat, and ranked 21st out of 338 stocks in the business services sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Marvell Technology has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 20 buy ratings, 1 hold rating, and no sell ratings.

  • Amount of Analyst Coverage

    Marvell Technology has been the subject of 14 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Marvell Technology's stock forecast and price target.
  • Earnings Growth

    Earnings for Marvell Technology are expected to grow by 126.92% in the coming year, from $0.78 to $1.77 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Marvell Technology is -72.17, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Marvell Technology is -72.17, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Earnings Growth Ratio

    Marvell Technology has a PEG Ratio of 3.55. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    Marvell Technology has a P/B Ratio of 4.67. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about Marvell Technology's valuation and earnings.
  • Percentage of Shares Shorted

    2.04% of the outstanding shares of Marvell Technology have been sold short.
  • Short Interest Ratio / Days to Cover

    Marvell Technology has a short interest ratio ("days to cover") of 1.6, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Marvell Technology has recently increased by 4.50%, indicating that investor sentiment is decreasing.
  • Dividend Yield

    Marvell Technology has a dividend yield of 0.29%, which is in the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Marvell Technology does not have a long track record of dividend growth.

  • Dividend Sustainability

    Based on earnings estimates, Marvell Technology will have a dividend payout ratio of 13.56% next year. This indicates that Marvell Technology will be able to sustain or increase its dividend.

  • Read more about Marvell Technology's dividend.
  • Percentage of Shares Shorted

    2.04% of the outstanding shares of Marvell Technology have been sold short.
  • Short Interest Ratio / Days to Cover

    Marvell Technology has a short interest ratio ("days to cover") of 1.6, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Marvell Technology has recently increased by 4.50%, indicating that investor sentiment is decreasing.
  • News Sentiment

    Marvell Technology has a news sentiment score of 1.14. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.59 average news sentiment score of Business Services companies.
  • News Coverage This Week

    MarketBeat has tracked 7 news articles for Marvell Technology this week, compared to 16 articles on an average week.
  • Search Interest

    80 people have searched for MRVL on MarketBeat in the last 30 days. This is an increase of 18% compared to the previous 30 days.
  • MarketBeat Follows

    37 people have added Marvell Technology to their MarketBeat watchlist in the last 30 days. This is an increase of 19% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Marvell Technology insiders have sold 1,914.57% more of their company's stock than they have bought. Specifically, they have bought $1,009,190.00 in company stock and sold $20,330,835.00 in company stock.

  • Percentage Held by Insiders

    Only 0.33% of the stock of Marvell Technology is held by insiders.

  • Percentage Held by Institutions

    83.51% of the stock of Marvell Technology is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Marvell Technology's insider trading history.
Receive MRVL Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Marvell Technology and its competitors with MarketBeat's FREE daily newsletter.

MRVL Stock News Headlines

Here’s Why AMD Can’t Catch Up Soon to NVIDIA’s AI
Here’s Why AMD Can’t Catch Up Soon to NVIDIA’s AI (MRVL)
They say it's harder to stay on top than to make it to the top of any industry. In the world of artificial intelligence (AI) powered supercomputers, the undisp
The secret supplier behind NVIDIA, Tesla and Microsoft
The Biggest AI firms in the world...Tesla... Microsoft... NVIDIA... Are all relying on a little-known supplier, which provides a crucial building block for AI.
See More Headlines

MRVL Stock Analysis - Frequently Asked Questions

Marvell Technology's stock was trading at $60.31 at the beginning of the year. Since then, MRVL shares have increased by 32.8% and is now trading at $80.11.
View the best growth stocks for 2024 here
.

Marvell Technology, Inc. (NASDAQ:MRVL) released its quarterly earnings data on Thursday, August, 29th. The semiconductor company reported $0.30 earnings per share for the quarter, hitting analysts' consensus estimates of $0.30. The business's quarterly revenue was down 5.1% compared to the same quarter last year.

Marvell Technology's board authorized a share buyback program on Thursday, March 7th 2024, which permits the company to buy back $3,000,000,000 in shares, according to EventVestor. This means that the company could repurchase up to 4.8% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's board of directors believes its stock is undervalued.

The following companies are subsidiaries of Marvell Technology: Inphi, Avera, Aquantia, Cavium, Xelerated, Diseño de Sistemas en Silicio, Iamba Networks, and more.

Top institutional shareholders of Marvell Technology include Van ECK Associates Corp (0.84%), Swedbank AB (0.27%), National Pension Service (0.21%) and Assenagon Asset Management S.A. (0.20%). Insiders that own company stock include Muhammad Raghib Hussain, Ford Tamer, Nariman Yousefi, Loi Nguyen, Matthew J Murphy, Willem A Meintjes, Chris Koopmans, Mitchell Gaynor, Sandeep Bharathi, Michael G Strachan, Mark Casper, Dan Christman, Daniel Durn, Dean E Jr Jarnac and Jean X Hu.
View institutional ownership trends
.

Shares of MRVL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Marvell Technology investors own include Salesforce (CRM), QUALCOMM (QCOM), AbbVie (ABBV), NVIDIA (NVDA), Chevron (CVX), Meta Platforms (META) and Bristol-Myers Squibb (BMY).

Company Calendar

Last Earnings
8/29/2024
Ex-Dividend for 10/31 Dividend
10/11/2024
Today
10/31/2024
Dividend Payable
10/31/2024
Next Earnings (Estimated)
12/05/2024
Fiscal Year End
1/31/2025

Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
Semiconductors
Current Symbol
NASDAQ:MRVL
CUSIP
G5876H10
Employees
6,577
Year Founded
1995

Price Target and Rating

Average Stock Price Target
$91.62
High Stock Price Target
$120.00
Low Stock Price Target
$65.00
Potential Upside/Downside
+15.3%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
22 Analysts

Profitability

Net Income
$-933,400,000.00
Pretax Margin
-11.72%

Debt

Sales & Book Value

Annual Sales
$5.51 billion
Cash Flow
$2.37 per share
Book Value
$17.16 per share

Miscellaneous

Free Float
883,276,000
Market Cap
$70.41 billion
Optionable
Optionable
Beta
1.45

Social Links

Reduce the Risk Cover

Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Click the link below to learn more about using beta to protect yourself.

Get This Free Report

This page (NASDAQ:MRVL) was last updated on 10/31/2024 by MarketBeat.com Staff
From Our Partners