Marvell Technology (MRVL) Stock Forecast, Price & News

21 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Marvell Technology in the last twelve months. There are currently 1 hold rating and 20 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" MRVL shares.
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21 Wall Street research analysts have issued 12-month price targets for Marvell Technology's shares. Their MRVL share price forecasts range from $46.00 to $100.00. On average, they expect the company's share price to reach $66.73 in the next twelve months. This suggests a possible upside of 28.8% from the stock's current price.
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Marvell Technology's stock was trading at $37.04 at the beginning of the year. Since then, MRVL stock has increased by 39.9% and is now trading at $51.82.
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Marvell Technology saw a decrease in short interest during the month of September. As of September 15th, there was short interest totaling 15,670,000 shares, a decrease of 16.8% from the August 31st total of 18,830,000 shares. Based on an average daily trading volume, of 10,510,000 shares, the short-interest ratio is currently 1.5 days.
View Marvell Technology's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, December 7th 2023.
View our MRVL earnings forecast.

Marvell Technology, Inc. (NASDAQ:MRVL) announced its quarterly earnings data on Thursday, August, 24th. The semiconductor company reported $0.33 EPS for the quarter, topping analysts' consensus estimates of $0.32 by $0.01. The semiconductor company had revenue of $1.34 billion for the quarter, compared to analysts' expectations of $1.33 billion. Marvell Technology had a negative net margin of 6.74% and a positive trailing twelve-month return on equity of 6.13%. The company's revenue was down 11.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.41 earnings per share.

Marvell Technology declared a quarterly dividend on Friday, September 15th. Shareholders of record on Friday, October 6th will be given a dividend of $0.06 per share on Wednesday, October 25th. This represents a $0.24 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date is Thursday, October 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), Strive U.S. Semiconductor ETF (SHOC), ProShares Nasdaq-100 Dorsey Wright Momentum ETF (QQQA), Defiance Next Gen Connectivity ETF (FIVG), Spear Alpha ETF (SPRX), Columbia Seligman Semiconductor and Technology ETF (SEMI), Fidelity Disruptive Technology ETF (FDTX) and Invesco PHLX Semiconductor ETF (SOXQ).

Marvell Technology (NASDAQ:MRVL) pays an annual dividend of $0.24 per share and currently has a dividend yield of 0.46%.
Read our dividend analysis for MRVL.

Marvell Technology issued an update on its third quarter 2024 earnings guidance on Saturday, August, 26th. The company provided earnings per share guidance of $0.35-$0.45 for the period, compared to the consensus earnings per share estimate of $0.40. The company issued revenue guidance of $1.33 billion-$1.47 billion, compared to the consensus revenue estimate of $1.39 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 investors include BlackRock Inc. (6.80%), Capital Research Global Investors (3.79%), Bank Julius Baer & Co. Ltd Zurich (2.19%), State Street Corp (2.17%), Geode Capital Management LLC (1.45%) and Brown Advisory Inc. (1.37%). 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 $51.82.

Marvell Technology (NASDAQ:MRVL) has a market capitalization of $44.71 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 ($0.44) 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.