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Marvell Technology Group Stock Price, Forecast & Analysis (NASDAQ:MRVL)

$26.14
-0.25 (-0.95 %)
(As of 11/22/2019 08:52 AM ET)
Today's Range
$25.99
Now: $26.14
$26.53
50-Day Range
$23.36
MA: $25.15
$28.09
52-Week Range
$14.34
Now: $26.14
$28.38
Volume4.59 million shs
Average Volume7.31 million shs
Market Capitalization$17.44 billion
P/E Ratio30.75
Dividend Yield0.91%
Beta1.19
Marvell Technology Group Ltd. designs, develops, and markets analog, mixed-signal, digital signal processing, and embedded and standalone integrated circuits. It offers a range of storage products, including hard disk drive (HDD) and solid-state drive controllers, as well as preamplifiers; supports a variety of host system interfaces consisting of serial attached SCSI (SAS), serial advanced technology attachment (SATA), peripheral component interconnect express, and non-volatile memory express; and develops software-enabled silicon solutions comprising SATA port multipliers, bridges, SATA, SAS, and non-volatile memory express redundant array of independent disks controllers and converged storage processors for enterprises, data centers, and cloud computing businesses. Read More…

Industry, Sector and Symbol

Industry Semiconductors & related devices
Sub-IndustrySemiconductors
SectorComputer and Technology
Current SymbolNASDAQ:MRVL
CUSIPG5876H10
Phone441-296-6395

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.87 billion
Cash Flow$1.60 per share
Book Value$11.11 per share

Profitability

Net Income$-179,090,000.00

Miscellaneous

Employees5,275
Market Cap$17.44 billion
Next Earnings Date12/3/2019 (Confirmed)
OptionableOptionable

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Marvell Technology Group (NASDAQ:MRVL) Frequently Asked Questions

What is Marvell Technology Group's stock symbol?

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

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

Marvell Technology Group announced a quarterly dividend on Friday, September 20th. Shareholders of record on Thursday, October 10th will be paid a dividend of $0.06 per share on Wednesday, October 30th. This represents a $0.24 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date of this dividend is Wednesday, October 9th. View Marvell Technology Group's Dividend History.

How will Marvell Technology Group's stock buyback program work?

Marvell Technology Group declared that its Board of Directors has authorized a stock repurchase plan on Tuesday, October 16th 2018, which permits the company to buyback $1,000,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to purchase up to 7.9% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's board believes its shares are undervalued.

How were Marvell Technology Group's earnings last quarter?

Marvell Technology Group Ltd. (NASDAQ:MRVL) issued its quarterly earnings data on Thursday, August, 29th. The semiconductor company reported $0.16 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.05 by $0.11. The semiconductor company had revenue of $656.56 million for the quarter, compared to analyst estimates of $650.29 million. Marvell Technology Group had a positive return on equity of 5.25% and a negative net margin of 14.42%. The company's revenue for the quarter was down 1.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.28 EPS. View Marvell Technology Group's Earnings History.

When is Marvell Technology Group's next earnings date?

Marvell Technology Group is scheduled to release their next quarterly earnings announcement on Tuesday, December 3rd 2019. View Earnings Estimates for Marvell Technology Group.

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

Marvell Technology Group will be holding an earnings conference call on Tuesday, December 3rd at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

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

Marvell Technology Group issued an update on its third quarter earnings guidance on Thursday, August, 29th. The company provided EPS guidance of $0.15-0.19 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.21. The company issued revenue guidance of approx $640-680 million, compared to the consensus revenue estimate of $698.38 million.

What price target have analysts set for MRVL?

25 brokerages have issued twelve-month price objectives for Marvell Technology Group's stock. Their forecasts range from $20.00 to $32.00. On average, they expect Marvell Technology Group's stock price to reach $27.52 in the next twelve months. This suggests a possible upside of 5.3% from the stock's current price. View Analyst Price Targets for Marvell Technology Group.

What is the consensus analysts' recommendation for Marvell Technology Group?

25 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Marvell Technology Group in the last year. There are currently 3 hold ratings and 22 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Marvell Technology Group.

What are Wall Street analysts saying about Marvell Technology Group stock?

Here are some recent quotes from research analysts about Marvell Technology Group stock:
  • 1. According to Zacks Investment Research, "Marvell is benefiting from strong growth in networking business. Demand stemming from HDD, SSD and fiber channel end markets positively impacted storage revenues. The company’s recent acquisitions of Avera and Aquantia are expected to boost its Ethernet and PHY businesses. Further, Marvell divested its Wi-Fi business to NXP Semiconductors recently, which will help it focus on other high growth areas. However, increasing operational expenses were headwinds. The Huawei ban and negligible demand from base station OEMs that are currently migrating 4G to 5G were overhangs. Further, export restriction and CPU shortages are expected to keep storage revenues under pressure. Seasonal decline in Wi-Fi revenues is also expected to be an overhang in the near term. Shares have underperformed the industry on a year to date basis." (10/11/2019)
  • 2. Needham & Company LLC analysts commented, "MRVL’s F4Q19 results were in line with revised guidance, but F1Q20 guidance was below expectations. Storage and Networking are expected to decline again Q/Q in F1Q20 driven by the weak macro environment and inventory digestion by cloud customers. Reflecting improving bookings post CNY and the 5G ramp with Samsung in F2H20, MRVL believes F1Q20 will represent the revenue trough. MRVL believes it undershipped HDD end market demand in F4Q19 and will again in F1Q20, setting up a possible recovery in F2Q20. MRVL announced it is engaged with a 2nd tier-one base station OEM for a 5G design based on a custom Fusion-M, which should sample in early FY21. While we lower estimates, we maintain our $23 PT (~18x our CY20 NG EPS est.) and are buyers on weakness given MRVL’s valuation and 5G growth opportunities." (3/8/2019)

Has Marvell Technology Group been receiving favorable news coverage?

Media stories about MRVL stock have been trending negative this week, according to InfoTrie. The research firm rates the sentiment of press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Marvell Technology Group earned a media sentiment score of -2.0 on InfoTrie's scale. They also gave news stories about the semiconductor company a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an impact on the stock's share price in the near future. View News Stories for Marvell Technology Group.

Are investors shorting Marvell Technology Group?

Marvell Technology Group saw a drop in short interest in the month of October. As of October 31st, there was short interest totalling 33,950,000 shares, a drop of 13.8% from the September 30th total of 39,370,000 shares. Based on an average daily trading volume, of 7,200,000 shares, the short-interest ratio is currently 4.7 days. Currently, 5.1% of the shares of the company are sold short. View Marvell Technology Group's Current Options Chain.

Who are some of Marvell Technology Group's key competitors?

What other stocks do shareholders of Marvell Technology Group own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Marvell Technology Group investors own include NVIDIA (NVDA), Micron Technology (MU), Alibaba Group (BABA), Advanced Micro Devices (AMD), Walt Disney (DIS), Bank of America (BAC), QUALCOMM (QCOM), Cisco Systems (CSCO), salesforce.com (CRM) and Intel (INTC).

Who are Marvell Technology Group's key executives?

Marvell Technology Group's management team includes the folowing people:
  • Mr. Matthew J. Murphy, Pres, CEO & Director (Age 46)
  • Ms. Jean Hu, Chief Financial Officer (Age 56)
  • Mr. Neil Y. Kim, Exec. VP & CTO (Age 60)
  • Mr. Mitchell Lee Gaynor, Exec. VP, Chief Admin. & Legal Officer and Sec. (Age 59)
  • Mr. Thomas F. Lagatta, Exec. VP of Worldwide Sales & Marketing (Age 61)

Who are Marvell Technology Group's major shareholders?

Marvell Technology Group's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Massachusetts Financial Services Co. MA (0.72%), TimesSquare Capital Management LLC (0.59%), Wedge Capital Management L L P NC (0.52%), Russell Investments Group Ltd. (0.37%), Fisher Asset Management LLC (0.35%) and Strs Ohio (0.28%). Company insiders that own Marvell Technology Group stock include Andrew Micallef, Dan Christman, Jean X Hu, Marvell Semiconductor, Inc Ca, Matthew J Murphy, Michael G Strachan, Mitchell Gaynor, Oleg Khaykin, Syed Ali and Willem A Meintjes. View Institutional Ownership Trends for Marvell Technology Group.

Which major investors are selling Marvell Technology Group stock?

MRVL stock was sold by a variety of institutional investors in the last quarter, including TimesSquare Capital Management LLC, Fisher Asset Management LLC, First Trust Advisors LP, Robecosam AG, Robeco Institutional Asset Management B.V., Russell Investments Group Ltd., Zweig DiMenna Associates LLC and Daiwa Securities Group Inc.. Company insiders that have sold Marvell Technology Group company stock in the last year include Andrew Micallef, Dan Christman, Jean X Hu, Matthew J Murphy, Michael G Strachan, Mitchell Gaynor, Oleg Khaykin, Syed Ali and Willem A Meintjes. View Insider Buying and Selling for Marvell Technology Group.

Which major investors are buying Marvell Technology Group stock?

MRVL stock was purchased by a variety of institutional investors in the last quarter, including Eagle Asset Management Inc., Carillon Tower Advisers Inc., Cookson Peirce & Co. Inc., Polaris Greystone Financial Group LLC, California Public Employees Retirement System, Catalyst Capital Advisors LLC, State of New Jersey Common Pension Fund D and Picton Mahoney Asset Management. Company insiders that have bought Marvell Technology Group stock in the last two years include Jean X Hu and Michael G Strachan. View Insider Buying and Selling for Marvell Technology Group.

How do I buy shares of Marvell Technology Group?

Shares of MRVL can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

What is Marvell Technology Group's stock price today?

One share of MRVL stock can currently be purchased for approximately $26.14.

How big of a company is Marvell Technology Group?

Marvell Technology Group has a market capitalization of $17.44 billion and generates $2.87 billion in revenue each year. The semiconductor company earns $-179,090,000.00 in net income (profit) each year or $0.85 on an earnings per share basis. Marvell Technology Group employs 5,275 workers across the globe.View Additional Information About Marvell Technology Group.

What is Marvell Technology Group's official website?

The official website for Marvell Technology Group is http://www.marvell.com/.

How can I contact Marvell Technology Group?

Marvell Technology Group's mailing address is 22 VICTORIA STREET, HAMILTON D0, HM 12. The semiconductor company can be reached via phone at 441-296-6395 or via email at [email protected]


MarketBeat Community Rating for Marvell Technology Group (NASDAQ MRVL)

Community Ranking:  2.5 out of 5 (star star half star)
Outperform Votes:  1,169 (Vote Outperform)
Underperform Votes:  1,126 (Vote Underperform)
Total Votes:  2,295
MarketBeat's community ratings are surveys of what our community members think about Marvell Technology Group and other stocks. Vote "Outperform" if you believe MRVL will outperform the S&P 500 over the long term. Vote "Underperform" if you believe MRVL will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 11/22/2019 by MarketBeat.com Staff

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