Marvell Technology (NASDAQ:MRVL) Stock Price Down 2.7% – Here’s What Happened

Marvell Technology, Inc. (NASDAQ:MRVL)’s share price dropped 2.7% during mid-day trading on Thursday . The stock traded as low as $78.30 and last traded at $81.34. Approximately 13,376,525 shares changed hands during trading, a decline of 9% from the average daily volume of 14,653,654 shares. The stock had previously closed at $83.62.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on MRVL shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Marvell Technology in a research report on Monday, December 29th. B. Riley reaffirmed a “buy” rating and set a $130.00 target price (up previously from $100.00) on shares of Marvell Technology in a research report on Wednesday, December 3rd. Summit Insights raised Marvell Technology from a “hold” rating to a “buy” rating in a research report on Wednesday, December 3rd. TD Cowen restated a “hold” rating on shares of Marvell Technology in a research note on Wednesday, December 3rd. Finally, Piper Sandler set a $110.00 target price on Marvell Technology in a research note on Wednesday, December 3rd. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $115.09.

Marvell Technology Price Performance

The company has a quick ratio of 1.64, a current ratio of 2.01 and a debt-to-equity ratio of 0.28. The firm has a market cap of $68.98 billion, a PE ratio of 28.54, a price-to-earnings-growth ratio of 0.80 and a beta of 1.95. The stock has a 50 day moving average price of $85.79 and a two-hundred day moving average price of $81.32.

Marvell Technology (NASDAQ:MRVL) last released its earnings results on Tuesday, December 2nd. The semiconductor company reported $0.76 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $2.06 billion. During the same period last year, the business earned $0.43 EPS. Marvell Technology’s revenue for the quarter was up 36.8% on a year-over-year basis. Marvell Technology has set its Q4 2026 guidance at 0.740-0.840 EPS. As a group, equities analysts expect that Marvell Technology, Inc. will post 0.91 earnings per share for the current year.

Marvell Technology Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 29th. Investors of record on Friday, January 9th will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Friday, January 9th. Marvell Technology’s dividend payout ratio is presently 8.42%.

Insider Buying and Selling

In other Marvell Technology news, EVP Mark Casper sold 5,000 shares of Marvell Technology stock in a transaction dated Monday, January 5th. The stock was 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 owned 19,418 shares of the company’s stock, valued at approximately $1,807,427.44. The trade was a 20.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.33% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Atlantic Edge Private Wealth Management LLC increased its holdings in Marvell Technology by 160.0% in the 3rd quarter. Atlantic Edge Private Wealth Management LLC now owns 325 shares of the semiconductor company’s stock worth $27,000 after buying an additional 200 shares during the period. Game Plan Financial Advisors LLC acquired a new stake in shares of Marvell Technology in the second quarter worth $27,000. Kiker Wealth Management LLC increased its stake in shares of Marvell Technology by 374.7% in the second quarter. Kiker Wealth Management LLC now owns 356 shares of the semiconductor company’s stock worth $28,000 after acquiring an additional 281 shares during the period. Nova Wealth Management Inc. raised its holdings in shares of Marvell Technology by 3,922.2% during the third 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 last quarter. Finally, N.E.W. Advisory Services LLC acquired a new position in Marvell Technology during the second quarter valued at $32,000. 83.51% of the stock is currently owned by hedge funds and other institutional investors.

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.