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Marvell Technology (MRVL) Stock Price, News & Analysis

$67.82
+0.24 (+0.36%)
(As of 09:07 AM ET)
Today's Range
$67.82
$67.82
50-Day Range
$56.76
$72.28
52-Week Range
$36.64
$73.53
Volume
27,031 shs
Average Volume
12.66 million shs
Market Capitalization
$58.63 billion
P/E Ratio
N/A
Dividend Yield
0.35%
Price Target
$69.96

Marvell Technology MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.95 Rating Score
Upside/​Downside
3.5% Upside
$69.96 Price Target
Short Interest
Healthy
2.74% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-0.96
Upright™ Environmental Score
News Sentiment
0.63mentions of Marvell Technology in the last 14 days
Based on 15 Articles This Week
Insider Trading
Selling Shares
$12.51 M Sold Last Quarter
Proj. Earnings Growth
51.76%
From $0.85 to $1.29 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.27 out of 5 stars

Business Services Sector

41st out of 307 stocks

Semiconductors & Related Devices Industry

23rd out of 88 stocks


MRVL stock logo

About Marvell Technology Stock (NASDAQ:MRVL)

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 Stock Price History

MRVL Stock News Headlines

Impinj stock surges on strong earnings and guidance (MRVL)
Internet of Things chipmaker Impinj rallied after better-than-expected Q4 results and upbeat current-quarter guidance. Analysts boosted their price targets.
AMD, Broadcom, Marvell, Nvidia: Big gainers from new AI spending (MRVL)
Chipmakers including AMD, Broadcom, Marvell and Nvidia are set to benefit from a surge in data center AI investment by tech titans such as Google and Microsoft
Blue Chips And Billionaires Quietly Investing In "The New Oil"
They're as essential to the tech and AI revolutions as oil was to the industrial revolution. Known as rare earth elements or REEs, these relatively unheard of commodities are essential to semiconductor chips, renewable energy, electric vehicles, and more.
Marvell to Showcase Carrier Infrastructure at MWC 2024
MRVL Mar 2024 90.000 call
Blue Chips And Billionaires Quietly Investing In "The New Oil"
They're as essential to the tech and AI revolutions as oil was to the industrial revolution. Known as rare earth elements or REEs, these relatively unheard of commodities are essential to semiconductor chips, renewable energy, electric vehicles, and more.
3 Super-Hyped Stocks to Sell Before It's Too Late
It's Time! 3 Unworthy Semiconductor Stocks to Sell
TSM Stock: Picks-and-Shovels AI Play with High Upside
MRVL Feb 2024 56.000 put
MRVL Feb 2024 51.000 call
MRVL Feb 2024 50.000 put
See More Headlines
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Company Calendar

Last Earnings
11/30/2023
Ex-Dividend for 1/31 Dividend
1/04/2024
Dividend Payable
1/31/2024
Today
2/26/2024
Next Earnings (Confirmed)
3/07/2024
Fiscal Year End
1/31/2025

Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
Semiconductors
Current Symbol
NASDAQ:MRVL
CUSIP
G5876H10
Employees
7,448
Year Founded
1995

Price Target and Rating

Average Stock Price Target
$69.96
High Stock Price Target
$100.00
Low Stock Price Target
$46.00
Potential Upside/Downside
+3.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.95
Research Coverage
22 Analysts

Profitability

Net Income
$-163,500,000.00
Pretax Margin
-12.63%

Debt

Sales & Book Value

Annual Sales
$5.92 billion
Cash Flow
$3.18 per share
Book Value
$18.33 per share

Miscellaneous

Free Float
860,610,000
Market Cap
$58.42 billion
Optionable
Optionable
Beta
1.52

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Should I Buy Marvell Technology Stock? MRVL Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Marvell Technology was last updated on Thursday, February 22, 2024 at 9:21 PM.

Pros

Here are some ways that investors could benefit from investing in Marvell Technology, Inc.:

  • Marvell Technology, Inc. provides data infrastructure semiconductor solutions, which are essential in today's digital world.
  • The company has a strong presence in key markets such as the United States, China, Japan, and Taiwan.
  • Recent developments in the industry indicate a growing demand for Marvell's products.
  • Marvell's current stock price is competitive compared to its peers, offering potential value for investors.
  • The company's focus on innovation and technology advancements positions it well for future growth.

Cons

Investors should be bearish about investing in Marvell Technology, Inc. for these reasons:

  • Market volatility and competition in the semiconductor industry could impact Marvell's financial performance.
  • Global economic uncertainties may affect the demand for Marvell's products.
  • Fluctuations in raw material prices could impact the company's profit margins.
  • Regulatory changes in key markets could pose challenges for Marvell's operations.
  • Investors should closely monitor industry trends and company performance before making investment decisions.














MRVL Stock Analysis - Frequently Asked Questions

Should I buy or sell Marvell Technology stock right now?

22 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Marvell Technology in the last year. There are currently 1 hold rating and 21 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" MRVL shares.
View MRVL analyst ratings
or view top-rated stocks.

What is Marvell Technology's stock price target for 2024?

22 Wall Street research analysts have issued 1 year price objectives for Marvell Technology's stock. Their MRVL share price targets range from $46.00 to $100.00. On average, they predict the company's share price to reach $69.96 in the next year. This suggests a possible upside of 3.5% 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 2024?

Marvell Technology's stock was trading at $60.31 at the beginning of 2024. Since then, MRVL shares have increased by 12.1% and is now trading at $67.58.
View the best growth stocks for 2024 here
.

Are investors shorting Marvell Technology?

Marvell Technology saw a increase in short interest in the month of January. As of January 31st, there was short interest totaling 23,720,000 shares, an increase of 15.8% from the January 15th total of 20,480,000 shares. Based on an average trading volume of 11,150,000 shares, the short-interest ratio is currently 2.1 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, March 7th 2024.
View our MRVL earnings forecast
.

How can I listen to Marvell Technology's earnings call?

Marvell Technology will be holding an earnings conference call on Thursday, March 7th at 4:45 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-0088 with passcode "3453492".

How were Marvell Technology's earnings last quarter?

Marvell Technology, Inc. (NASDAQ:MRVL) posted its quarterly earnings data on Thursday, November, 30th. The semiconductor company reported $0.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.40 by $0.01. The semiconductor company had revenue of $1.42 billion for the quarter, compared to analysts' expectations of $1.40 billion. Marvell Technology had a positive trailing twelve-month return on equity of 5.20% and a negative net margin of 10.11%. The business's quarterly revenue was down 7.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.41 earnings per share.

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

Marvell Technology announced a quarterly dividend on Thursday, December 7th. Stockholders of record on Friday, January 5th will be given a dividend of $0.06 per share on Wednesday, January 31st. This represents a $0.24 annualized dividend and a yield of 0.36%. The ex-dividend date is Thursday, January 4th.
Read our dividend analysis for MRVL
.

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 0.36%.
Read our dividend analysis for MRVL.

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

Marvell Technology updated its fourth quarter 2024 earnings guidance on Monday, December, 11th. The company provided EPS guidance of 0.410-0.510 for the period, compared to the consensus earnings per share estimate of 0.490. The company issued revenue guidance of $1.3 billion-$1.5 billion, compared to the consensus revenue estimate of $1.5 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).

Who are Marvell Technology's major shareholders?

Marvell Technology's stock is owned by many different retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (8.37%), Capital Research Global Investors (4.14%), Matrix Capital Management Company LP (1.74%), Brown Advisory Inc. (1.71%), Voya Investment Management LLC (1.39%) and Norges Bank (0.98%). Insiders that own company stock include 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

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
This page (NASDAQ:MRVL) was last updated on 2/26/2024 by MarketBeat.com Staff