NASDAQ:MRVL

Marvell Technology (MRVL) Stock Forecast, Price & News

$52.55

+0.84 (+1.62%)

(As of 09/27/2023 ET)

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Today's Range: $51.56
▼
$53.08
50-Day Range: $51.71
▼
$65.93
52-Week Range: $33.75
▼
$67.99

Volume: 7.64 million shs
Average Volume: 12.54 million shs
Market Capitalization: $45.34 billion

P/E Ratio: N/A
Dividend Yield: 0.46%
Price Target: $66.73

Marvell Technology MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.95 Rating Score
Upside/Downside: 27.0% Upside
$66.73 Price Target
Short Interest: Healthy
1.82% of Shares Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: -0.96
Upright™ Environmental Score
News Sentiment: 0.69
Based on 22 Articles This Week
Insider Trading: Selling Shares
$6.90 M Sold Last Quarter
Proj. Earnings Growth: 87.50%
From $0.88 to $1.65 Per Share

Overall MarketRank^™

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

3.11 out of 5 stars

Business Services Sector

13th out of 322 stocks

Semiconductors & Related Devices Industry

9th out of 88 stocks

4.5

Analyst's Opinion

Consensus Rating
Marvell Technology has received a consensus rating of Moderate Buy. The company's average rating score is 2.95, and is based on 20 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $66.73, Marvell Technology has a forecasted upside of 27.0% from its current price of $52.55.
Amount of Analyst Coverage
Marvell Technology has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

5.0

Short Interest

Percentage of Shares Shorted
1.82% of the outstanding shares of Marvell Technology have been sold short.
Short Interest Ratio / Days to Cover
Marvell Technology has a short interest ratio ("days to cover") of 1.5, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Marvell Technology has recently decreased by 16.78%, indicating that investor sentiment is improving significantly.

0.8

Dividend Strength

Dividend Yield
Marvell Technology has a dividend yield of 0.46%, which is in the bottom 25% of all stocks that pay dividends.
Dividend Growth
Marvell Technology does not have a long track record of dividend growth.
Dividend Sustainability
Based on earnings estimates, Marvell Technology will have a dividend payout ratio of 14.55% next year. This indicates that Marvell Technology will be able to sustain or increase its dividend.

3.0

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Marvell Technology has received a 27.55% net impact score from Upright. Marvell Technology seems to create the most significant positive value in categories "Taxes", "Knowledge infrastructure", and "Jobs". The positive contribution in the "Knowledge infrastructure" impact category is mostly driven by its "Network interface controllers", "Coaxial cables", and "System on a chip" products. See details.
Environmental Sustainability
The Environmental Impact score for Marvell Technology is -0.96.

2.6

News and Social Media Coverage

News Sentiment
Marvell Technology has a news sentiment score of 0.69. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.80 average news sentiment score of Business Services companies.
News Coverage This Week
MarketBeat has tracked 22 news articles for Marvell Technology this week, compared to 10 articles on an average week.
Search Interest
Only 64 people have searched for MRVL on MarketBeat in the last 30 days. This is a decrease of -53% compared to the previous 30 days.
MarketBeat Follows
47 people have added Marvell Technology to their MarketBeat watchlist in the last 30 days. This is an increase of 47% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Marvell Technology insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $6,901,230.00 in company stock.
Percentage Held by Insiders
Only 0.45% of the stock of Marvell Technology is held by insiders.
Percentage Held by Institutions
83.32% of the stock of Marvell Technology is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Marvell Technology are expected to grow by 87.50% in the coming year, from $0.88 to $1.65 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Marvell Technology is -119.43, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Marvell Technology is -119.43, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Growth Ratio
Marvell Technology has a PEG Ratio of 6.51. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Marvell Technology has a P/B Ratio of 2.95. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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.

MRVL Price History

30 days | 90 days | 365 days | Advanced Chart

MRVL Stock News Headlines

September 26, 2023 | marketbeat.com

5 Oversold Semiconductor Stocks to Nibble On Ahead of Q3 Earnings (MRVL)

Chip stocks have been beaten up over the past few months and present an opportunity for investors ahead of the Q3 reporting season.

September 2, 2023 | marketbeat.com

MarketBeat Week in Review – 8/28 - 9/1 (MRVL)

The markets ended the week with mixed results as stocks enter what is historically the toughest month of the year and next week volume should pick up

September 27, 2023 | MarketBeat Internal (Ad)

MarketBeat's Top 5 Stock Picks - Just Released

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August 28, 2023 | marketbeat.com

Marvell Shares Gap Down: Is AI Sentiment Changing?

Marvell Technology beat views and provided strong AI-driven growth forecasts. But the stock fell, possibly reflecting a shift in Wall Street's approach to AI.

September 26, 2023 | finance.yahoo.com

Is It Too Late to Buy Marvell Technology Stock?

September 25, 2023 | msn.com

AI Investments Surge as Marvell Technology and Lam Research Aim to Capitalize

September 25, 2023 | finance.yahoo.com

Better AI Stock: Lam Research vs. Marvell Technology

September 22, 2023 | seekingalpha.com

Marvell Stock Is Nearing An Inflection Point (Rating Upgrade)

September 27, 2023 | The Oxford Club (Ad)

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September 22, 2023 | theglobeandmail.com

Unpacking Q2 Earnings: Marvell Technology (NASDAQ:MRVL) In The Context Of Other Semiconductor Manufacturing Stocks