Marvell Technology (MRVL) Stock Forecast, Price & News

23 Wall Street research 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 research analysts is that investors should "buy" MRVL shares.
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23 brokers have issued 12-month target prices for Marvell Technology's stock. Their MRVL share price forecasts range from $46.00 to $100.00. On average, they anticipate the company's share price to reach $62.85 in the next twelve months. This suggests a possible upside of 5.9% from the stock's current price.
View analysts price targets for MRVL or view top-rated stocks among Wall Street analysts.

Marvell Technology's stock was trading at $37.04 at the beginning of 2023. Since then, MRVL stock has increased by 60.2% and is now trading at $59.33.
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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 trading volume, of 12,010,000 shares, the days-to-cover ratio is currently 2.4 days.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 24th 2023.
View our MRVL earnings forecast.

Marvell Technology, Inc. (NASDAQ:MRVL) issued its earnings results on Thursday, May, 25th. The semiconductor company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.02. The semiconductor company earned $1.32 billion during the quarter, compared to analysts' expectations of $1.30 billion. Marvell Technology had a negative net margin of 2.88% and a positive trailing twelve-month return on equity of 7.38%. Marvell Technology's 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.

Marvell Technology declared 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 of this dividend is Wednesday, April 5th.
Read our dividend analysis for MRVL.

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).

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.

Marvell Technology issued an update on its second quarter 2024 earnings guidance on Wednesday, May, 31st. The company provided earnings per share 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.

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.

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).

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

Marvell Technology's stock is owned by a variety of retail and institutional 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.
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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.
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One share of MRVL stock can currently be purchased for approximately $59.33.

Marvell Technology (NASDAQ:MRVL) has a market capitalization of $51.02 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.

The company employs 7,448 workers across the globe.

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.