NASDAQ:MRVL

Marvell Technology Group Stock Forecast, Price & News

$46.64

+0.35 (+0.76 %)

(As of 12/1/2020 12:00 AM ET)

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Today's Range

$46.21

Now: $46.64▼

$47.21

50-Day Range

$36.89

MA: $42.33▼

$46.29

52-Week Range

$16.45

Now: $46.64▼

$47.21

Volume7.94 million shs

Average Volume9.50 million shs

Market Capitalization$31.26 billion

P/E Ratio22.32

Dividend Yield0.52%

Beta1.09

Marvell Technology Group Ltd. designs, develops, and sells analog, mixed-signal, digital signal processing, and embedded and standalone integrated circuits. It offers a portfolio of Ethernet solutions, including controllers, network adapters, physical transceivers, and switches; single or multiple core processors; custom application specific integrated circuits; and printer SoC products and application processors. The company also provides a range of storage products comprising storage controllers for hard disk drives (HDD) and solid-state drives that support various host system interfaces consisting of serial attached SCSI (SAS), serial advanced technology attachment (SATA), peripheral component interconnect express, non-volatile memory express (NVMe), and NVMe over fabrics; and fiber channel products, including host bus adapters, and controllers for server and storage system connectivity. It has operations in the United States, China, Malaysia, the Philippines, Thailand, Singapore, India, Israel, Japan, South Korea, Taiwan, and Vietnam. The company was founded in 1995 and is headquartered in Hamilton, Bermuda.

Beat the Market (BTM) Rank^™

2.4 Analyst's Opinion

Consensus Rating
Marvell Technology Group has received a consensus rating of Buy. The company's average rating score is 2.85, and is based on 22 buy ratings, 4 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $45.80, Marvell Technology Group has a forecasted downside of 1.8% from its current price of $46.64.
Amount of Analyst Coverage
Marvell Technology Group has been the subject of 15 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.6 Community Rank

Outperform Votes
Marvell Technology Group has received 1,301 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Marvell Technology Group has received 1,195 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Marvell Technology Group has received 52.12% “outperform” votes from our community.

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.

1.7 Dividend Strength

Dividend Yield
Marvell Technology Group has a dividend yield of 0.52%, which is in the bottom 25% of all stocks that pay dividends.
Dividend Growth
Marvell Technology Group has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of Marvell Technology Group is 75.00%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Marvell Technology Group will have a dividend payout ratio of 24.24% next year. This indicates that Marvell Technology Group will be able to sustain or increase its dividend.

1.7 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Marvell Technology Group insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $2,889,938.00 in company stock.
Percentage Held by Insiders
Only 0.29% of the stock of Marvell Technology Group is held by insiders.
Percentage Held by Institutions
77.86% of the stock of Marvell Technology Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5 Earnings and Valuation

Earnings Growth
Earnings for Marvell Technology Group are expected to grow by 73.68% in the coming year, from $0.57 to $0.99 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Marvell Technology Group is 22.32, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 21.89.
Price to Earnings Ratio vs. Sector
The P/E ratio of Marvell Technology Group is 22.32, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 79.12.
Price to Earnings Growth Ratio
Marvell Technology Group has a PEG Ratio of 3.66. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Marvell Technology Group has a P/B Ratio of 3.56. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.17 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry Semiconductors & related devices

Sub-IndustrySemiconductors

SectorComputer and Technology

Current SymbolNASDAQ:MRVL

Previous Symbol

CUSIPG5876H10

CIK1058057

Webwww.marvell.com

Phone441-296-6395

Employees5,633

Debt

Debt-to-Equity Ratio0.12

Current Ratio1.33

Quick Ratio1.12

Price-To-Earnings

Trailing P/E Ratio22.32

Forward P/E Ratio81.82

P/E Growth3.66

Sales & Book Value

Annual Sales$2.70 billion

Price / Sales11.58

Cash Flow$1.26 per share

Price / Cash Flow37.04

Book Value$13.09 per share

Price / Book3.56

Profitability

EPS (Most Recent Fiscal Year)$0.32

Net Income$1.58 billion

Net Margins50.67%

Return on Equity3.10%

Return on Assets2.35%

Miscellaneous

Outstanding Shares670,160,000

Market Cap$31.26 billion

Next Earnings Date12/3/2020 (Confirmed)

OptionableOptionable

$46.64

+0.35 (+0.76 %)

(As of 12/1/2020 12:00 AM ET)

30 days | 90 days | 365 days | Advanced Chart

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Marvell Technology Group (NASDAQ:MRVL) Frequently Asked Questions

How has Marvell Technology Group's stock price been impacted by Coronavirus (COVID-19)?

Marvell Technology Group's stock was trading at $22.01 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, MRVL shares have increased by 111.9% and is now trading at $46.64.
View which stocks have been most impacted by COVID-19.

Do Wall Street analysts recommend investors buy shares of Marvell Technology Group?

26 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Marvell Technology Group in the last year. There are currently 4 hold ratings and 22 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Marvell Technology Group or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Marvell Technology Group?

Wall Street analysts have given Marvell Technology Group a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Marvell Technology Group wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Marvell Technology Group's next earnings date?

Marvell Technology Group is scheduled to release its next quarterly earnings announcement on Thursday, December 3rd 2020.
View our earnings forecast 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 Thursday, 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.

How were Marvell Technology Group's earnings last quarter?

Marvell Technology Group Ltd. (NASDAQ:MRVL) released its earnings results on Thursday, August, 27th. The semiconductor company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.01. The semiconductor company earned $727.30 million during the quarter, compared to analyst estimates of $720.88 million. Marvell Technology Group had a net margin of 50.67% and a return on equity of 3.10%. Marvell Technology Group's revenue for the quarter was up 10.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.16 earnings per share.
View Marvell Technology Group's earnings history.

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 25th. Stockholders of record on Monday, October 12th will be given a dividend of $0.06 per share on Wednesday, October 28th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date of this dividend is Thursday, October 8th.
View Marvell Technology Group's dividend history.

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

Marvell Technology Group issued an update on its third quarter 2021 IntraDay earnings guidance on Thursday, October, 29th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $735-765 million, compared to the consensus revenue estimate of $750.97 million.

What price target have analysts set for MRVL?

26 brokerages have issued 1-year price targets for Marvell Technology Group's shares. Their forecasts range from $32.00 to $60.00. On average, they expect Marvell Technology Group's share price to reach $45.80 in the next year. This suggests that the stock has a possible downside of 1.8%.
View analysts' price targets for Marvell Technology Group.

Are investors shorting Marvell Technology Group?

Marvell Technology Group saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 25,330,000 shares, an increase of 73.9% from the October 31st total of 14,570,000 shares. Based on an average trading volume of 8,940,000 shares, the short-interest ratio is presently 2.8 days.
View Marvell Technology Group's Short Interest.

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

Some companies that are related to Marvell Technology Group include NVIDIA (NVDA), Intel (INTC), Broadcom (AVGO), Texas Instruments (TXN), Micron Technology (MU), Analog Devices (ADI), Xilinx (XLNX), Microchip Technology (MCHP), Skyworks Solutions (SWKS), Maxim Integrated Products (MXIM), Monolithic Power Systems (MPWR), Cree (CREE), First Solar (FSLR), Inphi (IPHI) and Lattice Semiconductor (LSCC).
View all 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), Advanced Micro Devices (AMD), Micron Technology (MU), QUALCOMM (QCOM), Alibaba Group (BABA), Intel (INTC), salesforce.com (CRM), The Walt Disney (DIS), Cisco Systems (CSCO) and Square (SQ).

Who are Marvell Technology Group's key executives?

Marvell Technology Group's management team includes the following people:

Mr. Matthew J. Murphy, Pres, CEO & Director (Age 47, Pay $1.61M)
Ms. Jean Hu, Chief Financial Officer (Age 57, Pay $746.16k)
Mr. Mitchell Lee Gaynor, Exec. VP, Chief Admin. & Legal Officer and Sec. (Age 60, Pay $701.33k)
Mr. Daniel Christman, Exec. VP of Storage Bus. Group (Age 48, Pay $670.79k)
Mr. Syed B. Ali, Advisor (Age 61, Pay $24.07k)
Mr. Raghib Hussain, Exec. VP of Networking & Processor Group and Chief Strategy Officer (Age 48, Pay $858.02k)
Dr. Sehat Sutardja, Co-Founder (Age 58)
Ms. Weili Dai, Co-Founder (Age 58)
Mr. Andrew J. Micallef, Exec. VP & COO (Age 55)
Mr. Willem A. Meintjes, Chief Accounting Officer (Age 40)

What is Marvell Technology Group's stock symbol?

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

Who are Marvell Technology Group's major shareholders?

Marvell Technology Group's stock is owned by many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (6.95%), Nuveen Asset Management LLC (2.63%), State Street Corp (2.11%), Allianz Asset Management GmbH (1.56%), UBS Asset Management Americas Inc. (0.68%) and Massachusetts Financial Services Co. MA (0.56%). Company insiders that own Marvell Technology Group stock include Andrew Micallef, Dan Christman, Dean E Jr Jarnac, Jean X Hu, Matthew J Murphy, Michael G Strachan, Mitchell Gaynor, Oleg Khaykin, Richard Hill, 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 Neuberger Berman Group LLC, Fisher Asset Management LLC, Massachusetts Financial Services Co. MA, Wedge Capital Management L L P NC, UBS Asset Management Americas Inc., Voloridge Investment Management LLC, Morgan Stanley, and Wells Fargo & Company MN. Company insiders that have sold Marvell Technology Group company stock in the last year include Andrew Micallef, Dan Christman, Dean E Jr Jarnac, Jean X Hu, Matthew J Murphy, Michael G Strachan, Mitchell Gaynor, Richard Hill, and Willem A Meintjes.
View insider buying and selling activity 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 Nuveen Asset Management LLC, Allianz Asset Management GmbH, First Trust Advisors LP, Ceredex Value Advisors LLC, GAM Holding AG, ExodusPoint Capital Management LP, Worldquant Millennium Advisors LLC, and TD Asset Management Inc.. 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 activity 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 $46.64.

How big of a company is Marvell Technology Group?

Marvell Technology Group has a market capitalization of $31.26 billion and generates $2.70 billion in revenue each year. The semiconductor company earns $1.58 billion in net income (profit) each year or $0.32 on an earnings per share basis. Marvell Technology Group employs 5,633 workers across the globe.

What is Marvell Technology Group's official website?

The official website for Marvell Technology Group is 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]

This page was last updated on 12/1/2020 by MarketBeat.com Staff

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