Marvell Technology, Inc. Declares Quarterly Dividend of $0.06 (NASDAQ:MRVL)

Marvell Technology, Inc. (NASDAQ:MRVL) declared a quarterly dividend on Thursday, June 25th. Investors of record on Friday, July 10th will be paid a dividend of 0.06 per share by the semiconductor company on Thursday, July 30th. This represents a c) annualized dividend and a yield of 0.1%. The ex-dividend date is Friday, July 10th.

Marvell Technology has a dividend payout ratio of 6.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Marvell Technology to earn $5.11 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 4.7%.

Marvell Technology Price Performance

Shares of MRVL opened at $281.26 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.66 and a current ratio of 3.28. The firm has a market cap of $246.05 billion, a PE ratio of 96.32, a PEG ratio of 1.81 and a beta of 2.29. The firm’s 50 day moving average price is $214.11 and its 200 day moving average price is $132.36. Marvell Technology has a twelve month low of $61.44 and a twelve month high of $329.88.

Marvell Technology (NASDAQ:MRVL) last posted its earnings results on Wednesday, May 27th. The semiconductor company reported $0.80 EPS for the quarter, hitting the consensus estimate of $0.80. Marvell Technology had a net margin of 28.99% and a return on equity of 13.83%. The company had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.41 billion. During the same period in the previous year, the firm posted $0.62 earnings per share. The company’s revenue for the quarter was up 27.6% compared to the same quarter last year. Marvell Technology has set its Q2 2027 guidance at 0.880-0.980 EPS. As a group, research analysts expect that Marvell Technology will post 3.07 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $240.00 price objective on shares of Marvell Technology in a report on Thursday, May 28th. Jefferies Financial Group raised their target price on Marvell Technology from $149.00 to $235.00 and gave the company a “buy” rating in a report on Thursday, May 28th. B. Riley Financial boosted their price target on Marvell Technology from $240.00 to $345.00 and gave the stock a “buy” rating in a research report on Friday, June 12th. TD Cowen upped their price target on Marvell Technology from $180.00 to $200.00 and gave the stock a “hold” rating in a research note on Thursday, May 28th. Finally, Compass Point set a $190.00 price objective on Marvell Technology in a report on Tuesday, May 26th. Three research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, Marvell Technology has an average rating of “Moderate Buy” and an average price target of $233.68.

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.