Marvell Technology, Inc. (NASDAQ:MRVL) Receives Consensus Rating of “Moderate Buy” from Brokerages

Marvell Technology, Inc. (NASDAQ:MRVL) has been given a consensus rating of “Moderate Buy” by the thirty-nine analysts that are covering the firm, Marketbeat Ratings reports. Thirteen analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and three have assigned a strong buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $115.6970.

Several equities research analysts have weighed in on the stock. Susquehanna set a $120.00 price target on shares of Marvell Technology and gave the company a “positive” rating in a research note on Wednesday, December 3rd. Hsbc Global Res upgraded Marvell Technology to a “hold” rating in a research note on Monday, November 24th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $120.00 target price on shares of Marvell Technology in a research report on Wednesday, January 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Marvell Technology in a research note on Monday, December 29th. Finally, UBS Group set a $100.00 price objective on Marvell Technology in a research note on Wednesday, December 3rd.

Marvell Technology Trading Down 2.2%

Shares of MRVL stock opened at $81.21 on Thursday. Marvell Technology has a fifty-two week low of $47.08 and a fifty-two week high of $127.48. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.64 and a current ratio of 2.01. The stock has a 50 day simple moving average of $86.95 and a two-hundred day simple moving average of $80.80. The company has a market cap of $68.87 billion, a P/E ratio of 28.49, a PEG ratio of 0.80 and a beta of 1.95.

Marvell Technology (NASDAQ:MRVL) last announced its quarterly earnings data on Tuesday, December 2nd. The semiconductor company reported $0.76 EPS for the quarter, topping 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 during the quarter, compared to the consensus estimate of $2.06 billion. During the same quarter last year, the firm posted $0.43 EPS. The company’s quarterly revenue was up 36.8% on a year-over-year basis. Marvell Technology has set its Q4 2026 guidance at 0.740-0.840 EPS. Research analysts forecast that Marvell Technology will post 0.91 earnings per share for the current year.

Marvell Technology Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 29th. Shareholders of record on Friday, January 9th will be paid 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 is Friday, January 9th. Marvell Technology’s payout ratio is 8.42%.

Marvell Technology announced that its Board of Directors has approved a share buyback plan on Wednesday, September 24th that allows the company to buyback $5.00 billion in shares. This buyback authorization allows the semiconductor company to reacquire up to 7.8% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

Insider Buying and Selling at Marvell Technology

In other news, EVP Mark Casper sold 5,000 shares of the firm’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 transaction, the executive vice president owned 19,418 shares in the company, valued at $1,807,427.44. This trade represents a 20.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.19% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Marvell Technology

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. DLK Investment Management LLC grew its holdings in shares of Marvell Technology by 7.1% in the fourth quarter. DLK Investment Management LLC now owns 3,740 shares of the semiconductor company’s stock valued at $318,000 after acquiring an additional 247 shares in the last quarter. Waldron Private Wealth LLC bought a new position in Marvell Technology during the fourth quarter valued at $200,000. Guardian Financial Partners LLC grew its holdings in Marvell Technology by 24.0% during the fourth quarter. Guardian Financial Partners LLC now owns 16,373 shares of the semiconductor company’s stock valued at $1,391,000 after purchasing an additional 3,168 shares during the period. Exchange Traded Concepts LLC increased its position in Marvell Technology by 3,385.9% in the fourth quarter. Exchange Traded Concepts LLC now owns 2,719 shares of the semiconductor company’s stock worth $231,000 after buying an additional 2,641 shares during the last quarter. Finally, Pallas Capital Advisors LLC raised its stake in shares of Marvell Technology by 11.6% in the fourth quarter. Pallas Capital Advisors LLC now owns 77,837 shares of the semiconductor company’s stock valued at $6,615,000 after buying an additional 8,108 shares during the period. 83.51% of the stock is 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.