Marvell Technology (NASDAQ:MRVL) Trading Up 3.2% – Should You Buy?

Marvell Technology, Inc. (NASDAQ:MRVL)’s stock price rose 3.2% on Wednesday . The stock traded as high as $81.19 and last traded at $80.92. Approximately 10,416,992 shares were traded during trading, a decline of 24% from the average daily volume of 13,780,615 shares. The stock had previously closed at $78.39.

Analyst Ratings Changes

Several research firms recently commented on MRVL. Roth Mkm increased their price objective on Marvell Technology from $105.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday, December 3rd. B. Riley Financial restated a “buy” rating and issued a $130.00 price objective (up from $100.00) on shares of Marvell Technology in a research note on Wednesday, December 3rd. Citigroup decreased their target price on shares of Marvell Technology from $114.00 to $113.00 and set a “buy” rating on the stock in a research note on Tuesday, February 3rd. KeyCorp boosted their target price on shares of Marvell Technology from $90.00 to $130.00 and gave the stock an “overweight” rating in a report on Wednesday, December 3rd. Finally, Royal Bank Of Canada assumed coverage on shares of Marvell Technology in a research report on Wednesday, January 14th. They issued an “outperform” rating and a $105.00 price target on the stock. Two research 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. Based on data from MarketBeat, Marvell Technology has a consensus rating of “Moderate Buy” and an average target price of $115.31.

Marvell Technology Trading Up 3.0%

The company’s 50 day moving average price is $81.90 and its two-hundred day moving average price is $81.88. The firm has a market cap of $71.17 billion, a PE ratio of 28.66, a P/E/G ratio of 0.64 and a beta of 1.97. The company has a quick ratio of 1.64, a current ratio of 2.01 and a debt-to-equity ratio of 0.28.

Marvell Technology (NASDAQ:MRVL) last issued its quarterly earnings results on Tuesday, December 2nd. The semiconductor company reported $0.76 EPS for the quarter, beating the consensus estimate of $0.74 by $0.02. Marvell Technology had a net margin of 31.75% and a return on equity of 13.15%. The company had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $2.06 billion. During the same period in the prior year, the firm posted $0.43 EPS. The firm’s revenue was up 36.8% compared to the same quarter last year. Marvell Technology has set its Q4 2026 guidance at 0.740-0.840 EPS. As a group, sell-side analysts forecast that Marvell Technology, Inc. will post 0.91 EPS for the current year.

Marvell Technology Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 29th. Investors of record on Friday, January 9th were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Friday, January 9th. Marvell Technology’s dividend payout ratio (DPR) is currently 8.42%.

Insider Buying and Selling at Marvell Technology

In related news, EVP Mark Casper sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $93.08, for a total value of $465,400.00. Following the completion of the sale, the executive vice president owned 19,418 shares in the company, valued at approximately $1,807,427.44. The trade was a 20.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.19% of the company’s stock.

Hedge Funds Weigh In On Marvell Technology

Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its position in Marvell Technology by 23.5% during the 3rd quarter. Vanguard Group Inc. now owns 79,610,208 shares of the semiconductor company’s stock valued at $6,692,830,000 after purchasing an additional 15,166,976 shares during the period. State Street Corp boosted its position in Marvell Technology by 7.9% during the 4th quarter. State Street Corp now owns 22,834,816 shares of the semiconductor company’s stock valued at $1,940,503,000 after acquiring an additional 1,677,724 shares in the last quarter. Brown Advisory Inc. increased its holdings in shares of Marvell Technology by 8.0% in the 2nd quarter. Brown Advisory Inc. now owns 20,840,336 shares of the semiconductor company’s stock valued at $1,613,044,000 after acquiring an additional 1,539,809 shares during the period. Ameriprise Financial Inc. raised its position in shares of Marvell Technology by 59.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 16,624,827 shares of the semiconductor company’s stock worth $1,397,751,000 after acquiring an additional 6,217,952 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Marvell Technology by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 12,108,452 shares of the semiconductor company’s stock worth $1,025,185,000 after purchasing an additional 97,624 shares during the last quarter. Hedge funds and other institutional investors own 83.51% of the company’s stock.

About Marvell Technology

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.