Marvell Technology, Inc. (NASDAQ:MRVL - Get Free Report)'s stock price dropped 1.5% during trading on Thursday . The stock traded as low as $240.38 and last traded at $241.45. 33,091,092 shares were traded during trading, an increase of 15% from the average session volume of 28,897,510 shares. The stock had previously closed at $245.11.
Key Marvell Technology News
Here are the key news stories impacting Marvell Technology this week:
- Positive Sentiment: NVIDIA’s strong quarter and upbeat AI-demand outlook have lifted semiconductor and networking stocks, supporting optimism that Marvell’s data-center connectivity and custom-silicon businesses are benefiting from continued AI infrastructure spending. Marvell’s Big AI Test Comes One Day After NVIDIA’s Blowout Quarter
- Positive Sentiment: Analysts are focused on Marvell’s recently announced approximately $12.2 billion custom-chip opportunity with Google, as well as a broader $75 billion pipeline. Evidence of stronger custom-silicon demand or improved guidance could provide a further catalyst. Marvell Technology’s Next Earnings Report Could Send the Stock Soaring
- Positive Sentiment: Rosenblatt raised its price target from $240 to $300 and expects another “beat-and-raise” quarter, while Susquehanna also sees additional upside. These revisions indicate that some analysts believe AI networking momentum remains underappreciated. Rosenblatt Raises Marvell Price Target to $300
- Neutral Sentiment: Consensus expectations call for roughly $0.93 in adjusted EPS and $2.72 billion in revenue. Investors will likely prioritize forward guidance, data-center growth, custom-chip timing and commentary on the Google relationship rather than the quarter’s headline results alone. Marvell Technology Q2 Earnings Preview
- Negative Sentiment: MRVL has already gained about 188% year to date and trades at a high valuation, leaving little room for an earnings or outlook disappointment. Options markets imply an approximately 10% move after the report, highlighting unusually high event risk. Marvell Stock Could Swing 10% After Earnings
- Negative Sentiment: Investors are also monitoring potential dilution from the Google warrant arrangement and competition from Broadcom in custom AI chips. These concerns may explain the stock’s more restrained trading despite the favorable AI-sector backdrop. MRVL Earnings Ahead: Google Partnership Tailwind, Dilution Headwind
Wall Street Analyst Weigh In
Several equities analysts have issued reports on MRVL shares. DA Davidson set a $225.00 price target on shares of Marvell Technology in a research report on Tuesday, August 18th. HC Wainwright reissued a "buy" rating on shares of Marvell Technology in a research note on Tuesday. Oppenheimer increased their price objective on Marvell Technology from $250.00 to $300.00 and gave the company an "outperform" rating in a report on Thursday, August 20th. Erste Group Bank lowered Marvell Technology from a "buy" rating to a "hold" rating in a research report on Wednesday, July 15th. Finally, Rosenblatt Securities lifted their target price on Marvell Technology from $240.00 to $300.00 and gave the stock a "buy" rating in a report on Tuesday. Three analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and seven have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Marvell Technology has a consensus rating of "Moderate Buy" and an average price target of $258.42.
Check Out Our Latest Stock Analysis on Marvell Technology
Marvell Technology Price Performance
The business's 50 day moving average is $230.49 and its two-hundred day moving average is $175.15. The firm has a market cap of $211.22 billion, a P/E ratio of 82.69, a P/E/G ratio of 1.50 and a beta of 2.24. The company has a quick ratio of 2.66, a current ratio of 3.28 and a debt-to-equity ratio of 0.27.
Marvell Technology (NASDAQ:MRVL - Get Free Report) last issued its quarterly earnings results on Wednesday, May 27th. The semiconductor company reported $0.80 EPS for the quarter, meeting analysts' consensus estimates of $0.80. Marvell Technology had a net margin of 28.99% and a return on equity of 13.83%. The business had revenue of $2.42 billion for the quarter, compared to analysts' expectations of $2.41 billion. During the same quarter in the prior year, the firm posted $0.62 earnings per share. The business's quarterly revenue was up 27.6% compared to the same quarter last year. As a group, analysts anticipate that Marvell Technology, Inc. will post 3.07 earnings per share for the current year.
Marvell Technology Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 30th. Stockholders of record on Friday, July 10th were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend was Friday, July 10th. Marvell Technology's payout ratio is currently 8.22%.
Insiders Place Their Bets
In other Marvell Technology news, CEO Matthew J. Murphy sold 7,500 shares of the business's stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $236.08, for a total value of $1,770,600.00. Following the transaction, the chief executive officer directly owned 783,186 shares of the company's stock, valued at approximately $184,894,550.88. The trade was a 0.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sandeep Bharathi sold 2,231 shares of the stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $299.13, for a total value of $667,359.03. Following the transaction, the insider owned 55,530 shares in the company, valued at $16,610,688.90. The trade was a 3.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 41,981 shares of company stock worth $9,753,132 in the last quarter. 0.12% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
A number of institutional investors have recently modified their holdings of MRVL. California State Teachers Retirement System increased its stake in Marvell Technology by 29,523.4% in the second quarter. California State Teachers Retirement System now owns 385,108,617 shares of the semiconductor company's stock valued at $114,720,006,000 after purchasing an additional 383,808,601 shares in the last quarter. BlackRock Inc. boosted its position in shares of Marvell Technology by 34.1% during the 2nd quarter. BlackRock Inc. now owns 85,641,174 shares of the semiconductor company's stock worth $25,511,649,000 after purchasing an additional 21,798,190 shares in the last quarter. State Street Corp grew its stake in shares of Marvell Technology by 7.9% in the 4th quarter. State Street Corp now owns 22,834,816 shares of the semiconductor company's stock valued at $1,940,503,000 after buying an additional 1,677,724 shares during the period. Geode Capital Management LLC grew its stake in shares of Marvell Technology by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 12,108,452 shares of the semiconductor company's stock valued at $1,025,185,000 after buying an additional 97,624 shares during the period. Finally, Norges Bank acquired a new position in Marvell Technology during the 4th quarter worth approximately $895,455,000. Institutional investors and hedge funds own 83.51% of the company's stock.
Marvell Technology Company Profile
(
Get Free Report)
Marvell Technology Group is a global semiconductor company that designs and develops integrated circuits and related software for data infrastructure, networking, storage and connectivity markets. The company's product portfolio includes system-on-chip (SoC) solutions, Ethernet physical-layer transceivers (PHYs), switch and switch silicon, optical interconnect components, storage controllers, and security processors. Marvell's technology is used to enable high-performance data centers, carrier networks, enterprise and cloud storage, as well as connectivity in automotive and industrial applications.
Founded in 1995 and headquartered in Santa Clara, California, Marvell has grown through both organic development and strategic acquisitions to broaden its capabilities across networking and data interconnect.
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