Marvell Technology (MRVL) Stock Forecast, Price & News

21 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Marvell Technology in the last year. There are currently 1 hold rating and 20 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" MRVL shares.
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21 equities research analysts have issued 1 year price targets for Marvell Technology's stock. Their MRVL share price forecasts range from $46.00 to $100.00. On average, they expect the company's stock price to reach $66.73 in the next year. This suggests a possible upside of 27.6% 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 shares have increased by 41.2% and is now trading at $52.30.
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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 results on Thursday, August, 24th. The semiconductor company reported $0.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.32 by $0.01. The semiconductor company earned $1.34 billion during the quarter, compared to analyst estimates 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%. Marvell Technology's quarterly revenue was down 11.6% on a year-over-year basis. During the same quarter last year, the business earned $0.41 earnings per share.

Marvell Technology declared a quarterly dividend on Friday, September 15th. Shareholders of record on Friday, October 6th will be paid a dividend of $0.06 per share on Wednesday, October 25th. This represents a $0.24 annualized dividend and a dividend 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 0.45%.
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 EPS guidance of $0.35-$0.45 for the period, compared to the consensus EPS 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 many different institutional and retail investors. Top institutional shareholders 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 $52.30.

Marvell Technology (NASDAQ:MRVL) has a market capitalization of $45.12 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.