Marvell Technology, Inc. (NASDAQ:MRVL) Given Average Rating of “Moderate Buy” by Analysts

Marvell Technology, Inc. (NASDAQ:MRVLGet Free Report) has received an average recommendation of “Moderate Buy” from the thirty-five ratings firms that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $114.0625.

Several research analysts have recently commented on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Marvell Technology in a report on Monday. Wells Fargo & Company raised their price objective on Marvell Technology from $90.00 to $135.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 3rd. Summit Insights raised Marvell Technology from a “hold” rating to a “buy” rating in a report on Wednesday, December 3rd. The Goldman Sachs Group increased their target price on Marvell Technology from $80.00 to $90.00 and gave the stock a “neutral” rating in a report on Wednesday, December 3rd. Finally, Zacks Research cut Marvell Technology from a “hold” rating to a “strong sell” rating in a research report on Monday.

View Our Latest Report on Marvell Technology

Marvell Technology Stock Down 3.1%

MRVL opened at $75.68 on Friday. The stock has a fifty day moving average of $81.23 and a 200-day moving average of $81.88. The company has a market capitalization of $65.93 billion, a P/E ratio of 26.55, a P/E/G ratio of 0.64 and a beta of 1.97. Marvell Technology has a fifty-two week low of $47.08 and a fifty-two week high of $102.77. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.64 and a current ratio of 2.01.

Marvell Technology (NASDAQ:MRVLGet Free Report) last released its quarterly earnings results on Thursday, March 5th. The semiconductor company reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.01. Marvell Technology had a net margin of 31.75% and a return on equity of 13.15%. The business had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.21 billion. During the same period last year, the firm earned $0.60 earnings per share. Marvell Technology’s revenue for the quarter was up 22.1% compared to the same quarter last year. Marvell Technology has set its Q1 2027 guidance at 0.740-0.840 EPS. On average, equities analysts expect that Marvell Technology will post 0.91 EPS for the current year.

Marvell Technology Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 29th. Shareholders of record on Friday, January 9th were issued 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%.

More Marvell Technology News

Here are the key news stories impacting Marvell Technology this week:

Insider Activity at Marvell Technology

In other news, EVP Mark Casper sold 5,000 shares of the company’s stock in a transaction that occurred on 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 owned 19,418 shares of the company’s stock, valued at approximately $1,807,427.44. This represents a 20.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.19% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Jessup Wealth Management Inc bought a new position in shares of Marvell Technology in the 4th quarter valued at $25,000. Laurel Wealth Advisors LLC acquired a new stake in Marvell Technology in the fourth quarter valued at about $25,000. Cherry Tree Wealth Management LLC bought a new position in Marvell Technology in the fourth quarter valued at about $26,000. Atlantic Edge Private Wealth Management LLC raised 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 worth $27,000 after acquiring an additional 200 shares in the last quarter. Finally, MidFirst Bank acquired a new position in Marvell Technology during the fourth quarter worth about $28,000. 83.51% of the stock is currently owned by institutional investors and hedge funds.

About Marvell Technology

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Marvell Technology (NASDAQ:MRVL)

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