Marvell Technology Stock Forecast, Price & News

29 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Marvell Technology in the last year. There are currently 4 hold ratings and 25 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" Marvell Technology stock.
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29 equities research analysts have issued 12-month target prices for Marvell Technology's stock. Their MRVL stock forecasts range from $62.00 to $125.00. On average, they expect Marvell Technology's share price to reach $87.77 in the next year. This suggests a possible upside of 82.0% from the stock's current price.
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Marvell Technology's stock was trading at $87.49 on January 1st, 2022. Since then, MRVL shares have decreased by 44.9% and is now trading at $48.22.
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Marvell Technology saw a increase in short interest in the month of May. As of May 31st, there was short interest totaling 16,700,000 shares, an increase of 24.3% from the May 15th total of 13,440,000 shares. Based on an average daily volume of 9,950,000 shares, the days-to-cover ratio is currently 1.7 days.
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Marvell Technology is scheduled to release its next quarterly earnings announcement on Thursday, August 25th 2022.
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Marvell Technology, Inc. (NASDAQ:MRVL) released its earnings results on Thursday, May, 26th. The semiconductor company reported $0.37 earnings per share for the quarter, meeting the consensus estimate of $0.37. The semiconductor company earned $1.45 billion during the quarter, compared to analyst estimates of $1.43 billion. Marvell Technology had a negative net margin of 9.82% and a positive trailing twelve-month return on equity of 6.92%. Marvell Technology's quarterly revenue was up 73.8% on a year-over-year basis. During the same period last year, the business posted $0.15 earnings per share.
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Marvell Technology announced a quarterly dividend on Thursday, June 2nd. Shareholders of record on Friday, July 8th will be given a dividend of $0.06 per share on Wednesday, July 27th. This represents a $0.24 annualized dividend and a dividend yield of 0.50%. The ex-dividend date is Thursday, July 7th.
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Marvell Technology(NASDAQ:MRVL) pays an annual dividend of $0.24 per share and currently has a dividend yield of 0.50%.
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Marvell Technology issued an update on its second quarter 2023 earnings guidance on Thursday, June, 23rd. The company provided earnings per share (EPS) guidance of $0.53-$0.59 for the period, compared to the consensus EPS estimate of $0.55. The company issued revenue guidance of $1.47 billion-$1.56 billion, compared to the consensus revenue estimate of $1.49 billion.

247 employees have rated Marvell Technology CEO Matt Murphy on Glassdoor.com. Matt Murphy has an approval rating of 89% among Marvell Technology's employees.

Some companies that are related to Marvell Technology include NVIDIA (NVDA), Broadcom (AVGO), Intel (INTC), Texas Instruments (TXN), Analog Devices (ADI), Micron Technology (MU), Microchip Technology (MCHP), Monolithic Power Systems (MPWR), Skyworks Solutions (SWKS), First Solar (FSLR), Lattice Semiconductor (LSCC), Silicon Laboratories (SLAB), Altair Engineering (ALTR), Power Integrations (POWI) and Cirrus Logic (CRUS).
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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 Square (SQ).

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

Marvell Technology's stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (8.31%), Vanguard Group Inc. (7.59%), Wellington Management Group LLP (2.70%), State Street Corp (2.19%), Goldman Sachs Group Inc. (1.60%) and Brown Advisory Inc. (1.47%). Company insiders that own Marvell Technology stock include Andrew Micallef, 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, Oleg Khaykin, Richard Hill, Willem A Meintjes and Willem A Meintjes.
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MRVL stock was sold by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, Goldman Sachs Group Inc., First Trust Advisors LP, Healthcare of Ontario Pension Plan Trust Fund, American Century Companies Inc., Bank of Nova Scotia, Canada Pension Plan Investment Board, and PEAK6 Investments LLC. Company insiders that have sold Marvell Technology company stock in the last two years include Andrew Micallef, Chris Koopmans, Dan Christman, Dean E Jr Jarnac, Ford Tamer, Jean X Hu, Loi Nguyen, Matthew J Murphy, Michael G Strachan, Mitchell Gaynor, Muhammad Raghib Hussain, and Willem A Meintjes.
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MRVL stock was acquired by a variety of institutional investors in the last quarter, including Invesco Ltd., Vanguard Group Inc., Van ECK Associates Corp, Carmignac Gestion, Ceredex Value Advisors LLC, Robeco Schweiz AG, abrdn plc, and Swiss National Bank.
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Shares of MRVL 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.
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One share of MRVL stock can currently be purchased for approximately $48.22.

Marvell Technology (NASDAQ:MRVL) has a market capitalization of $40.98 billion and generates $4.46 billion in revenue each year. The semiconductor company earns $-421.03 million in net income (profit) each year or ($0.610010) on an earnings per share basis.

Marvell Technology employs 6,729 workers across the globe.

Marvell Technology was founded in 1995.

Marvell Technology's mailing address is 22 VICTORIA STREET, HAMILTON D0, HM 12. The official website for Marvell Technology is www.marvell.com. The semiconductor company can be reached via phone at (302) 295-4840, via email at [email protected], or via fax at 441-295-3328.