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Top-Rated StocksTop-Rated
NASDAQ:MRVL

Marvell Technology (MRVL) Stock Forecast, Price & News

$52.81
-1.78 (-3.26%)
(As of 11:46 AM ET)
Compare
Today's Range
$52.54
▼
$54.52
50-Day Range
$51.71
▼
$65.93
52-Week Range
$33.75
▼
$67.99
Volume
2.41 million shs
Average Volume
12.42 million shs
Market Capitalization
$45.56 billion
P/E Ratio
N/A
Dividend Yield
0.45%
Price Target
$66.73
ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability

Marvell Technology MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.95 Rating Score
Upside/​Downside
24.1% 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
1.24mentions of Marvell Technology in the last 14 days
Based on 10 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.

2.79 out of 5 stars

Business Services Sector

37th out of 319 stocks

Semiconductors & Related Devices Industry

15th out of 91 stocks

See Top Rated MarketRank™ Stocks Here

MRVL stock logo

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

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 28, 2023 | finance.yahoo.com
Marvell to Showcase Industry-First High-Speed Connectivity Solutions for the AI Era at ECOC 2023
October 3, 2023 | Edge On The Street (Ad)
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Many investors perceive gold as a "boring" investment. But according to MoneyWeek, that's a good thing. Gold helps investors sleep soundly as it preserves wealth and creates a hedge against inflation. Today, there's a unique way to invest in gold, with real advantages over coins and mining stocks.
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 22, 2023 | theglobeandmail.com
Unpacking Q2 Earnings: Marvell Technology (NASDAQ:MRVL) In The Context Of Other Semiconductor Manufacturing Stocks
October 3, 2023 | Edge On The Street (Ad)
Is Gold Really Boring?
Many investors perceive gold as a "boring" investment. But according to MoneyWeek, that's a good thing. Gold helps investors sleep soundly as it preserves wealth and creates a hedge against inflation. Today, there's a unique way to invest in gold, with real advantages over coins and mining stocks.
September 21, 2023 | finance.yahoo.com
Google Sees ‘No Change in Engagement’ With Broadcom Over AI Chips
September 21, 2023 | finance.yahoo.com
Broadcom Shares Fall After Report Google Doesn't Want To Buy Its AI Chips
September 21, 2023 | finance.yahoo.com
Marvell shares turn lower as Google backs 'excellent partner' Broadcom
September 21, 2023 | benzinga.com
Thinking about trading options or stock in Marvell Technology, Crowdstrike Holdings, Lithium Americas Corp, Tesla, or Albemarle Corporation?
September 21, 2023 | finance.yahoo.com
Marvell shares higher as chipmaker linked to Google AI investment drive; Broadcom slides
September 21, 2023 | finance.yahoo.com
Weekly Jobless Claims Unexpectedly Fal, Google Ditches Broadcom In Favor of Marvell Chips, Hollywood Strike Might End: Today's Top Stories
September 21, 2023 | msn.com
Marvell shares surge as chipmaker linked to Google AI investment drive
September 21, 2023 | finance.yahoo.com
UPDATE 1-Google discussed dropping Broadcom as AI chips supplier - The Information
September 21, 2023 | finance.yahoo.com
Marvell shares surge as chipmaker linked to Google AI investment drive; Broadcom Slides
September 18, 2023 | finance.yahoo.com
Is Marvell Technology (MRVL) Well-Positioned in the Current Market?
September 15, 2023 | benzinga.com
Here's How Much $1000 Invested In Marvell Tech 20 Years Ago Would Be Worth Today
September 13, 2023 | benzinga.com
Looking Into Marvell Tech's Recent Short Interest
September 12, 2023 | 247wallst.com
MRVL Stock Forecast: Semiconductors and the Future of AI
September 11, 2023 | markets.businessinsider.com
Analysts Are Bullish on These Technology Stocks: Kenvue, Inc. (KVUE), Marvell (MRVL)
September 11, 2023 | finance.yahoo.com
Marvell CEO Matt Murphy Joins President Joseph Biden and U.S. Business Delegation on Trade Meetings with Vietnam
September 7, 2023 | seekingalpha.com
Marvell Technology, Inc. (MRVL) CEO Matt Murphy Presents at Evercore ISI 2023 Semiconductor & Semiconductor Equipment Conference (Transcript)
September 7, 2023 | seekingalpha.com
Marvell Technology, Inc. (MRVL) Evercore ISI 2023 Semiconductor & Semiconductor Equipment Conference (Transcript)
September 6, 2023 | seekingalpha.com
Marvell Technology, Inc. (MRVL) Citi's 2023 Global Technology Conference (Transcript)
See More Headlines
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MRVL Company Calendar

Ex-Dividend for 7/26 Dividend
7/06/2023
Dividend Payable
7/26/2023
Last Earnings
8/24/2023
Today
10/03/2023
Ex-Dividend for 10/25 Dividend
10/05/2023
Dividend Payable
10/25/2023
Next Earnings (Estimated)
12/07/2023
Fiscal Year End
1/31/2024
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NASDAQ
Industry
Semiconductors & related devices
Sub-Industry
Semiconductors
Sector
Business Services
Current Symbol
NASDAQ:MRVL
CUSIP
G5876H10
CIK
1058057
Web
www.marvell.com
Phone
(302) 295-4840
Fax
441-295-3328
Employees
7,448
Year Founded
1995

Price Target and Rating

Average Stock Price Forecast
$66.73
High Stock Price Forecast
$100.00
Low Stock Price Forecast
$46.00
Forecasted Upside/Downside
+22.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.95
Research Coverage
21 Analysts

Profitability

EPS (Most Recent Fiscal Year)
($0.44)
Trailing P/E Ratio
N/A
Forward P/E Ratio
62.03
P/E Growth
6.7
Net Income
$-163,500,000.00
Net Margins
-6.74%
Pretax Margin
-7.86%
Return on Equity
6.13%
Return on Assets
4.28%

Debt

Debt-to-Equity Ratio
0.20
Current Ratio
1.03
Quick Ratio
0.65

Sales & Book Value

Annual Sales
$5.62 billion
Price / Sales
8.38
Cash Flow
$3.21 per share
Price / Cash Flow
17.03
Book Value
$18.33 per share
Price / Book
2.98

Miscellaneous

Outstanding Shares
862,800,000
Free Float
858,917,000
Market Cap
$47.10 billion
Optionable
Optionable
Beta
1.43

Social Links

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Key Executives

  • Mr. Matthew J. MurphyMr. Matthew J. Murphy (Age 50)
    Pres, CEO & Chairman
    Comp: $3.24M
  • Mr. Willem A. MeintjesMr. Willem A. Meintjes (Age 42)
    Chief Financial Officer
    Comp: $826.64k
  • Mr. Christopher Koopmans (Age 46)
    Chief Operations Officer
    Comp: $1.11M
  • Mr. Raghib Hussain (Age 51)
    Pres of Products & Technologies
    Comp: $1.3M
  • Mr. Daniel W. Christman (Age 51)
    Exec. VP of Storage Products Group
    Comp: $978.42k
  • Dr. Sehat Sutardja Ph.D. (Age 61)
    Co-Founder
  • Ms. Weili Dai (Age 61)
    Co-Founder
  • Pani Dixon
    Chief Accounting Officer & Corp. Controller
  • Mr. Mitchell Lee GaynorMr. Mitchell Lee Gaynor (Age 63)
    Chief Admin. Officer
  • Ashish Saran
    Sr. VP of Investor Relations

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions













MRVL Stock - Frequently Asked Questions

Should I buy or sell Marvell Technology stock right now?

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.
View MRVL analyst ratings or view top-rated stocks.

What is Marvell Technology's stock price forecast for 2023?

21 brokers have issued 12 month price objectives for Marvell Technology's stock. 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 22.2% 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 2023?

Marvell Technology's stock was trading at $37.04 on January 1st, 2023. Since then, MRVL shares have increased by 47.4% and is now trading at $54.59.
View the best growth stocks for 2023 here.

Are investors shorting Marvell Technology?

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 trading volume of 10,510,000 shares, the short-interest ratio is currently 1.5 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, December 7th 2023.
View our MRVL earnings forecast.

How were Marvell Technology's earnings last quarter?

Marvell Technology, Inc. (NASDAQ:MRVL) issued its quarterly earnings data on Thursday, August, 24th. The semiconductor company reported $0.33 EPS for the quarter, beating analysts' consensus estimates of $0.32 by $0.01. The semiconductor company had revenue of $1.34 billion for the quarter, compared to the consensus estimate 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 firm's revenue was down 11.6% compared to the same quarter last year. During the same quarter in the prior 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 declared a quarterly dividend on Thursday, September 14th. 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 annualized dividend and a dividend yield of 0.44%. The ex-dividend date of this dividend is Thursday, October 5th.
Read our dividend analysis for MRVL.

What ETFs hold Marvell Technology's stock?

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).

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 0.44%.
Read our dividend analysis for MRVL.

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

Marvell Technology updated 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 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.

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).

What is Marvell Technology's stock symbol?

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

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Marvell Technology's stock price today?

One share of MRVL stock can currently be purchased for approximately $54.59.

How much money does Marvell Technology make?

Marvell Technology (NASDAQ:MRVL) has a market capitalization of $47.10 billion and generates $5.62 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.

How many employees does Marvell Technology have?

The company employs 7,448 workers across the globe.

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
How can I contact Marvell Technology?

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.

This page (NASDAQ:MRVL) was last updated on 10/3/2023 by MarketBeat.com Staff

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