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Top-Rated StocksTop-RatedMost-Upgraded StocksMost-Upgraded
NASDAQ:MRVL

Marvell Technology (MRVL) Stock Forecast, Price & News

$59.33
+0.19 (+0.32%)
(As of 06/7/2023 ET)
Compare
Today's Range
$59.11
▼
$63.64
50-Day Range
$36.91
▼
$65.51
52-Week Range
$33.75
▼
$67.99
Volume
23.81 million shs
Average Volume
13.67 million shs
Market Capitalization
$51.02 billion
P/E Ratio
N/A
Dividend Yield
0.40%
Price Target
$62.85
ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability

Marvell Technology MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.91 Rating Score
Upside/​Downside
5.9% Upside
$62.85 Price Target
Short Interest
Healthy
3.42% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-0.96
Upright™ Environmental Score
News Sentiment
0.11mentions of Marvell Technology in the last 14 days
Based on 19 Articles This Week
Insider Trading
Selling Shares
$6.87 M Sold Last Quarter
Proj. Earnings Growth
86.05%
From $0.86 to $1.60 Per Share

Overall MarketRank™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.03 out of 5 stars

Business Services Sector

167th out of 323 stocks

Semiconductors & Related Devices Industry

50th out of 88 stocks

See Top Rated MarketRank™ Stocks Here

MRVL stock logo

About Marvell Technology (NASDAQ:MRVL) Stock

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.

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MRVL Stock News Headlines

May 31, 2023 | marketbeat.com
Don’t Discount The AI Potential Of Ambarella; Buy On The Dip  (MRVL)
Ambarella's Q1 results and guidance were insufficient to spark a rally and may lead to range-bound trading in 2023 despite the shift to AI.
May 30, 2023 | marketbeat.com
Workday: Another AI Winner Melting-Up  (MRVL)
Workday is an old hat in the world of AI and has been leading the market for some time: the Q1 results were good and have the analysts driving the stock higher.
June 7, 2023 | Behind the Markets (Ad)
[BREAKING] New "Living Software" to Revolutionize Warfare
This breakthrough will change "the way wars will be fought, and won, for years to come." - Chairman of the Joint Chief of Staff, General Mark Milley Get the name of the company supplying it to the U.S. Army here >>>
May 26, 2023 | marketbeat.com
The Melt-Up In Marvell Is On; But Don't Chase It Higher
AI is driving chip stocks like Marvell Technology and NVIDIA higher, and Marvell could gain triple digits before the move is over.
June 7, 2023 | msn.com
Reports Of An Amazon Deal Are Driving Marvell Technology Shares Higher: What's Going On?
June 7, 2023 | barrons.com
S&P 500 Futures Flat in Premarket Trading; agilon health, Marvell Technology Lead
June 7, 2023 | americanbankingnews.com
Loi Nguyen Sells 5,000 Shares of Marvell Technology, Inc. (NASDAQ:MRVL) Stock
June 6, 2023 | benzinga.com
Marvell Technology shares are trading lower. The stock may be pulling back following recent momentum in semiconductor and chip stocks.
June 7, 2023 | Legacy Research (Affiliate) (Ad)
“One-Stock Millionaire” IGNORES 99.9% of the Market
During the 2008 financial crisis, millionaire trader Jeff Clark stunned the world when he managed to double his readers’ money 26 TIMES… CNBC caught wind of this and asked Jeff to come on live TV to explain his secret.
June 6, 2023 | finance.yahoo.com
3 AI Chip Stocks Much Cheaper Than Nvidia
June 5, 2023 | seekingalpha.com
Marvell Technology: Don't Buy The A.I. Fumes, Downgrade To Sell
June 5, 2023 | seekingalpha.com
Marvell Technology: It's Time For A Breather
June 5, 2023 | americanbankingnews.com
Marvell Technology, Inc. (NASDAQ:MRVL) Director Sells $5,362,200.00 in Stock
June 2, 2023 | americanbankingnews.com
Head-To-Head Survey: Marvell Technology (NASDAQ:MRVL) vs. Chavant Capital Acquisition (NASDAQ:CLAY)
June 1, 2023 | finance.yahoo.com
C3.ai Earnings: The AI Revolution is Just Beginning
June 1, 2023 | finance.yahoo.com
2 Chip Stocks That J.P. Morgan Says Could Dominate the Critical AI Market
June 1, 2023 | finance.yahoo.com
Think Nvidia Stock Is Too Expensive? Buy This AI Stock Before It Soars Higher
June 1, 2023 | americanbankingnews.com
Marvell Technology (NASDAQ:MRVL) Sees Strong Trading Volume
May 31, 2023 | seekingalpha.com
Marvell Technology, Inc. (MRVL) Goldman Sachs Global Semiconductor Conference (Transcript)
May 31, 2023 | americanbankingnews.com
Marvell Technology (NASDAQ:MRVL) Issues Q2 2024 Earnings Guidance
May 31, 2023 | americanbankingnews.com
Marvell Technology (NASDAQ:MRVL) Updates Q2 2024 Earnings Guidance
May 30, 2023 | nasdaq.com
Nasdaq 100 Movers: MRVL, AVGO
May 30, 2023 | msn.com
Goldman Sachs Maintains Marvell Technology (MRVL) Buy Recommendation
May 29, 2023 | finance.yahoo.com
The 41% return this week takes Marvell Technology's (NASDAQ:MRVL) shareholders five-year gains to 208%
May 29, 2023 | americanbankingnews.com
Needham & Company LLC Raises Marvell Technology (NASDAQ:MRVL) Price Target to $65.00
May 29, 2023 | americanbankingnews.com
KeyCorp Raises Marvell Technology (NASDAQ:MRVL) Price Target to $70.00
May 29, 2023 | americanbankingnews.com
Marvell Technology, Inc. (NASDAQ:MRVL) EVP Sells $720,600.00 in Stock
See More Headlines

MRVL Price History

MRVL Company Calendar

Ex-Dividend for 4/26 Dividend
4/05/2023
Dividend Payable
4/26/2023
Last Earnings
5/25/2023
Today
6/07/2023
Next Earnings (Estimated)
8/24/2023
Fiscal Year End
1/31/2024
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NASDAQ
Industry
Semiconductors & related devices
Sub-Industry
Semiconductors
Sector
Business Services
Current Symbol
NASDAQ:MRVL
CUSIP
G5876H10
CIK
1058057
Web
www.marvell.com
Phone
(302) 295-4840
Fax
441-295-3328
Employees
7,448
Year Founded
1995

Price Target and Rating

Average Stock Price Forecast
$62.85
High Stock Price Forecast
$100.00
Low Stock Price Forecast
$46.00
Forecasted Upside/Downside
+5.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.91
Research Coverage
23 Analysts

Profitability

EPS (Most Recent Fiscal Year)
($0.19)
Trailing P/E Ratio
N/A
Forward P/E Ratio
68.99
P/E Growth
11.37
Net Income
$-163,500,000.00
Net Margins
-2.88%
Pretax Margin
-3.22%
Return on Equity
7.38%
Return on Assets
5.13%

Debt

Debt-to-Equity Ratio
0.20
Current Ratio
1.05
Quick Ratio
0.71

Sales & Book Value

Annual Sales
$5.92 billion
Price / Sales
8.62
Cash Flow
$3.25 per share
Price / Cash Flow
18.26
Book Value
$18.02 per share
Price / Book
3.29

Miscellaneous

Outstanding Shares
860,000,000
Free Float
856,130,000
Market Cap
$51.02 billion
Optionable
Optionable
Beta
1.42

Social Links


Key Executives

  • Matthew J. MurphyMatthew J. Murphy
    President, Chief Executive Officer & Director
  • Chris KoopmansChris Koopmans
    Chief Operations Officer
  • Willem A. MeintjesWillem A. Meintjes
    Chief Financial Officer
  • Noam C. Mizrahi
    Chief Technology Officer & Executive VP
  • Adhir Mattu
    Chief Information Officer & Senior Vice President

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions













MRVL Stock - Frequently Asked Questions

Should I buy or sell Marvell Technology stock right now?

23 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Marvell Technology in the last year. There are currently 2 hold ratings and 21 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" MRVL shares.
View MRVL analyst ratings or view top-rated stocks.

What is Marvell Technology's stock price forecast for 2023?

23 brokerages have issued 1 year price objectives for Marvell Technology's stock. Their MRVL share price forecasts range from $46.00 to $100.00. On average, they expect the company's share price to reach $62.85 in the next twelve months. This suggests a possible upside of 5.4% from the stock's current price.
View analysts price targets for MRVL or view top-rated stocks among Wall Street analysts.

How have MRVL shares performed in 2023?

Marvell Technology's stock was trading at $37.04 on January 1st, 2023. Since then, MRVL stock has increased by 61.0% and is now trading at $59.62.
View the best growth stocks for 2023 here.

Are investors shorting Marvell Technology?

Marvell Technology saw a increase in short interest in May. As of May 15th, there was short interest totaling 29,420,000 shares, an increase of 21.5% from the April 30th total of 24,210,000 shares. Based on an average daily volume of 12,010,000 shares, the short-interest ratio is currently 2.4 days.
View Marvell Technology's Short Interest.

When is Marvell Technology's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 24th 2023.
View our MRVL earnings forecast.

How were Marvell Technology's earnings last quarter?

Marvell Technology, Inc. (NASDAQ:MRVL) issued its quarterly earnings data on Thursday, May, 25th. The semiconductor company reported $0.31 earnings per share for the quarter, beating analysts' consensus estimates of $0.29 by $0.02. The semiconductor company earned $1.32 billion during the quarter, compared to analyst estimates of $1.30 billion. Marvell Technology had a positive trailing twelve-month return on equity of 7.38% and a negative net margin of 2.88%. The company's quarterly revenue was down 8.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.37 EPS.

How often does Marvell Technology pay dividends? What is the dividend yield for Marvell Technology?

Marvell Technology announced a quarterly dividend on Wednesday, March 15th. Stockholders of record on Friday, April 7th will be given a dividend of $0.06 per share on Wednesday, April 26th. This represents a $0.24 annualized dividend and a dividend yield of 0.40%. The ex-dividend date is Wednesday, April 5th.
Read our dividend analysis for MRVL.

What ETFs hold Marvell Technology's stock?

ETFs with the largest weight of Marvell Technology (NASDAQ:MRVL) stock in their portfolio include AXS Esoterica NextG Economy ETF (WUGI), Spear Alpha ETF (SPRX), Defiance Next Gen Connectivity ETF (FIVG), Strive U.S. Semiconductor ETF (SHOC), iShares Semiconductor ETF (SOXX), SPDR S&P Semiconductor ETF (XSD), Columbia Seligman Semiconductor and Technology ETF (SEMI) and American Century Mid Cap Growth Impact (MID).

Is Marvell Technology a good dividend stock?

Marvell Technology (NASDAQ:MRVL) pays an annual dividend of $0.24 per share and currently has a dividend yield of 0.41%.
Read our dividend analysis for MRVL.

What guidance has Marvell Technology issued on next quarter's earnings?

Marvell Technology issued an update on its second quarter 2024 earnings guidance on Wednesday, May, 31st. The company provided earnings per share (EPS) guidance of $0.27-$0.37 for the period, compared to the consensus EPS estimate of $0.31. The company issued revenue guidance of $1.26 billion-$1.40 billion, compared to the consensus revenue estimate of $1.31 billion.

What is Matt Murphy's approval rating as Marvell Technology's CEO?

247 employees have rated Marvell Technology Chief Executive Officer Matt Murphy on Glassdoor.com. Matt Murphy has an approval rating of 89% among the company's employees.

What other stocks do shareholders of Marvell Technology own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Marvell Technology investors own include NVIDIA (NVDA), Advanced Micro Devices (AMD), Micron Technology (MU), QUALCOMM (QCOM), Alibaba Group (BABA), Intel (INTC), Salesforce (CRM), Walt Disney (DIS), Cisco Systems (CSCO) and Block (SQ).

What is Marvell Technology's stock symbol?

Marvell Technology trades on the NASDAQ under the ticker symbol "MRVL."

Who are Marvell Technology's major shareholders?

Marvell Technology's stock is owned by a number of institutional and retail investors. Top institutional shareholders include FMR LLC (14.96%), BlackRock Inc. (6.14%), Price T Rowe Associates Inc. MD (4.89%), State Street Corp (2.26%), Ameriprise Financial Inc. (1.91%) and Brown Advisory Inc. (1.52%). Insiders that own company stock include Andrew Micallef, Chris Koopmans, Dan Christman, Dean E Jr Jarnac, Edward H Frank, Ford Tamer, Jean X Hu, Loi Nguyen, Matthew J Murphy, Michael G Strachan, Mitchell Gaynor, Muhammad Raghib Hussain, Nariman Yousefi, Sandeep Bharathi, Willem A Meintjes and Willem A Meintjes.
View institutional ownership trends.

How do I buy shares of Marvell Technology?

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

What is Marvell Technology's stock price today?

One share of MRVL stock can currently be purchased for approximately $59.62.

How much money does Marvell Technology make?

Marvell Technology (NASDAQ:MRVL) has a market capitalization of $51.27 billion and generates $5.92 billion in revenue each year. The semiconductor company earns $-163,500,000.00 in net income (profit) each year or ($0.19) on an earnings per share basis.

How many employees does Marvell Technology have?

The company employs 7,448 workers across the globe.

Does Marvell Technology have any subsidiaries?
The following companies are subsidiares of Marvell Technology: Aquantia, Aquantia (Cayman) Ltd., Aquantia B.V., Aquantia C.V., Aquantia Corp., Aquantia Czech s.r.o , Aquantia Japan G.K., Aquantia LLC, Aquantia Rus LLC, Aquantia Semiconductor India Pvt Ltd, Aquantia Technology B.V., Avago - Printer ASICs, Avera, Avera Semiconductor LLC, Cavium, Cavium India Holdings LLC, Cavium International, Cavium LLC, Cavium Networks (India) Private Limited, Cavium Networks Asia, Cavium Networks International, Cavium Networks International Inc., Cavium Networks LLC, Cavium Networks Singapore Pte. Ltd., Cavium Semiconductor Technology (Shanghai) Co. Ltd., Cavium Taiwan Ltd., Cavium UK Ltd., Diseño de Sistemas en Silicio, Galileo Technology, Iamba Networks, Inphi, Kinoma Inc., Marvell Asia Pte Ltd, Marvell Hong Kong Limited, Marvell India Private Limited, Marvell International Ltd., Marvell International Technology Ltd., Marvell Israel (M.I.S.L) Ltd., Marvell Italia S.r.l., Marvell Japan K.K., Marvell Netherlands B.V., Marvell Semiconductor Canada Inc., Marvell Semiconductor Germany GmbH, Marvell Semiconductor Inc., Marvell Semiconductor Korea Ltd., Marvell Semiconductor Ltd., Marvell Semiconductor Sdn. Bhd., Marvell Semiconductor Technology S.a.r.l., Marvell Software Solutions Israel, Marvell Switzerland S.a.r.l., Marvell Taiwan Ltd., Marvell Technology (Beijing) Ltd., Marvell Technology (Chengdu) Ltd., Marvell Technology (Nanjing) Ltd., Marvell Technology (Shanghai) Ltd., Marvell Technology Denmark ApS, Marvell Technology Inc., Marvell Technology Japan Y.K., Marvell Technology Sweden AB, Marvell Technology Vietnam LLC, Marvell UK Limited, Marvell World Trade Ltd., NetXen Inc., PT. Marvell Technology Indonesia, PicoMobile Networks, QLGC Limited (Ireland), QLogic Hong Kong Ltd., QLogic India Pvt. Ltd., QLogic International Holdings Inc., QLogic International Ltd., QLogic LLC, QLogic Storage Network Infrastructure (Beijing) Co. Ltd., QLogic Switch Products LLC, SysKonnect, Utopia Capital Holdings Ltd., and Xelerated.
Read More
How can I contact Marvell Technology?

Marvell Technology's mailing address is 22 VICTORIA STREET, HAMILTON D0, HM 12. The official website for the company is www.marvell.com. The semiconductor company can be reached via phone at (302) 295-4840, via email at ir@marvell.com, or via fax at 441-295-3328.

This page (NASDAQ:MRVL) was last updated on 6/7/2023 by MarketBeat.com Staff

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