Marvell Technology (NASDAQ:MRVL) Trading 8.2% Higher – Here’s Why

Marvell Technology, Inc. (NASDAQ:MRVL) shares rose 8.2% during trading on Friday . The stock traded as high as $80.75 and last traded at $80.28. Approximately 22,502,415 shares changed hands during trading, an increase of 47% from the average daily volume of 15,336,668 shares. The stock had previously closed at $74.21.

Analyst Ratings Changes

Several analysts have issued reports on the company. Craig Hallum restated a “buy” rating and issued a $141.00 price objective on shares of Marvell Technology in a research note on Wednesday, December 3rd. Raymond James Financial reiterated a “strong-buy” rating on shares of Marvell Technology in a research report on Tuesday, January 6th. Stifel Nicolaus increased their price target on shares of Marvell Technology from $95.00 to $114.00 and gave the stock a “buy” rating in a research report on Wednesday, December 3rd. JPMorgan Chase & Co. lifted their target price on Marvell Technology from $120.00 to $130.00 and gave the company an “overweight” rating in a research report on Wednesday, December 3rd. Finally, Melius Research upgraded Marvell Technology from a “hold” rating to a “buy” rating and set a $135.00 price target for the company in a research note on Monday, January 5th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $115.31.

Marvell Technology Stock Up 8.2%

The stock has a fifty day moving average of $85.10 and a 200 day moving average of $81.45. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.01 and a quick ratio of 1.64. The firm has a market capitalization of $68.12 billion, a P/E ratio of 28.18, a price-to-earnings-growth ratio of 0.56 and a beta of 1.97.

Marvell Technology (NASDAQ:MRVL) last released its earnings results on Tuesday, December 2nd. The semiconductor company reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.02. The business had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $2.06 billion. Marvell Technology had a return on equity of 13.15% and a net margin of 31.75%.The business’s revenue for the quarter was up 36.8% on a year-over-year basis. During the same period last year, the business posted $0.43 earnings per share. Marvell Technology has set its Q4 2026 guidance at 0.740-0.840 EPS. On average, research analysts anticipate that Marvell Technology, Inc. will post 0.91 EPS for the current fiscal year.

Marvell Technology Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 29th. Shareholders of record on Friday, January 9th were given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date was Friday, January 9th. Marvell Technology’s dividend payout ratio (DPR) is presently 8.42%.

Insider Activity at Marvell Technology

In other Marvell Technology news, EVP Mark Casper sold 5,000 shares of the company’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $93.08, for a total transaction of $465,400.00. Following the completion of the sale, the executive vice president directly owned 19,418 shares in the company, valued at $1,807,427.44. This represents a 20.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.19% of the company’s stock.

Institutional Trading of Marvell Technology

A number of hedge funds have recently modified their holdings of the business. Laurel Wealth Advisors LLC purchased a new stake in shares of Marvell Technology during the fourth quarter valued at $25,000. Game Plan Financial Advisors LLC bought a new stake in shares of Marvell Technology during the second quarter valued at approximately $27,000. Atlantic Edge Private Wealth Management LLC boosted its stake in Marvell Technology by 160.0% during the third quarter. Atlantic Edge Private Wealth Management LLC now owns 325 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 200 shares during the last quarter. Kiker Wealth Management LLC grew its stake in shares of Marvell Technology by 374.7% in the 2nd quarter. Kiker Wealth Management LLC now owns 356 shares of the semiconductor company’s stock worth $28,000 after buying an additional 281 shares in the last quarter. Finally, Nova Wealth Management Inc. boosted its holdings in shares of Marvell Technology by 3,922.2% in the 3rd quarter. Nova Wealth Management Inc. now owns 362 shares of the semiconductor company’s stock worth $30,000 after purchasing an additional 353 shares during the period. Institutional investors own 83.51% of the company’s stock.

Marvell Technology Company Profile

Marvell Technology Group is a global semiconductor company that designs and develops integrated circuits and related software for data infrastructure, networking, storage and connectivity markets. The company’s product portfolio includes system-on-chip (SoC) solutions, Ethernet physical-layer transceivers (PHYs), switch and switch silicon, optical interconnect components, storage controllers, and security processors. Marvell’s technology is used to enable high-performance data centers, carrier networks, enterprise and cloud storage, as well as connectivity in automotive and industrial applications.

Founded in 1995 and headquartered in Santa Clara, California, Marvell has grown through both organic development and strategic acquisitions to broaden its capabilities across networking and data interconnect.