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

Shares of Marvell Technology, Inc. (NASDAQ:MRVL) have earned an average recommendation of “Moderate Buy” from the thirty-six research firms that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, eight have issued a hold rating, twenty-five have issued a buy rating and two have assigned a strong buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $117.2424.

Several research analysts have recently commented on the company. Roth Mkm boosted their price objective on Marvell Technology from $105.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, December 3rd. The Goldman Sachs Group boosted their price target on shares of Marvell Technology from $80.00 to $90.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 3rd. KeyCorp raised their price objective on shares of Marvell Technology from $90.00 to $130.00 and gave the company an “overweight” rating in a research report on Wednesday, December 3rd. Royal Bank Of Canada lifted their price objective on shares of Marvell Technology from $105.00 to $115.00 and gave the stock an “outperform” rating in a report on Monday, March 2nd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Marvell Technology in a research report on Friday.

Marvell Technology Trading Down 7.5%

Shares of MRVL stock opened at $87.81 on Tuesday. The company has a market capitalization of $76.79 billion, a PE ratio of 28.51, a price-to-earnings-growth ratio of 0.86 and a beta of 1.97. Marvell Technology has a 52-week low of $47.08 and a 52-week high of $102.77. The business’s fifty day moving average is $83.51 and its 200 day moving average is $84.73. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.58 and a current ratio of 2.01.

Marvell Technology (NASDAQ:MRVL) last posted its earnings results on Thursday, March 5th. The semiconductor company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.79 by $0.01. The business had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.21 billion. Marvell Technology had a return on equity of 14.22% and a net margin of 32.58%.The firm’s revenue was up 22.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.60 earnings per share. Marvell Technology has set its Q1 2027 guidance at 0.740-0.840 EPS. On average, equities research analysts anticipate that Marvell Technology will post 0.91 EPS for the current fiscal year.

Marvell Technology Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Friday, April 10th will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, April 10th. This represents a $0.24 annualized dividend and a yield of 0.3%. Marvell Technology’s payout ratio is 7.79%.

Insider Transactions at Marvell Technology

In other news, EVP Mark Casper sold 5,000 shares of the 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 transaction, the executive vice president directly owned 19,418 shares in the company, valued at approximately $1,807,427.44. This represents a 20.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Sandeep Bharathi sold 44,414 shares of the firm’s stock in a transaction dated Thursday, March 26th. The shares were sold at an average price of $99.61, for a total value of $4,424,078.54. Following the transaction, the insider directly owned 55,199 shares in the company, valued at approximately $5,498,372.39. This represents a 44.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 79,414 shares of company stock worth $7,850,479. 0.33% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Marvell Technology

Hedge funds have recently made changes to their positions in the business. Trifecta Capital Advisors LLC raised its position in Marvell Technology by 8.8% in the 3rd quarter. Trifecta Capital Advisors LLC now owns 1,430 shares of the semiconductor company’s stock worth $120,000 after purchasing an additional 116 shares during the period. GAMMA Investing LLC boosted its position in Marvell Technology by 1.7% during the third quarter. GAMMA Investing LLC now owns 7,306 shares of the semiconductor company’s stock valued at $614,000 after buying an additional 122 shares during the period. FSM Wealth Advisors LLC grew its stake in shares of Marvell Technology by 4.4% during the third quarter. FSM Wealth Advisors LLC now owns 2,939 shares of the semiconductor company’s stock valued at $247,000 after buying an additional 123 shares during the last quarter. Keel Point LLC increased its holdings in shares of Marvell Technology by 2.2% in the fourth quarter. Keel Point LLC now owns 5,649 shares of the semiconductor company’s stock worth $480,000 after buying an additional 124 shares during the period. Finally, Faithward Advisors LLC increased its holdings in shares of Marvell Technology by 2.1% in the third quarter. Faithward Advisors LLC now owns 6,242 shares of the semiconductor company’s stock worth $525,000 after buying an additional 126 shares during the period. 83.51% of the stock is currently owned by institutional investors.

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.