Marvell Technology (NASDAQ:MRVL) Trading Down 2% – What’s Next?

Shares of Marvell Technology, Inc. (NASDAQ:MRVL) traded down 2% on Thursday . The company traded as low as $97.18 and last traded at $98.19. 23,898,774 shares changed hands during trading, an increase of 23% from the average session volume of 19,365,227 shares. The stock had previously closed at $100.20.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on MRVL shares. Weiss Ratings restated a “hold (c-)” rating on shares of Marvell Technology in a report on Wednesday, October 8th. Hsbc Global Res raised shares of Marvell Technology to a “hold” rating in a research report on Monday, November 24th. Roth Capital boosted their target price on Marvell Technology from $105.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday. Needham & Company LLC upped their target price on Marvell Technology from $95.00 to $120.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, TD Cowen increased their price target on Marvell Technology from $90.00 to $100.00 and gave the stock a “hold” rating in a report on Wednesday. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and fourteen have assigned a Hold rating to the company. According to MarketBeat, Marvell Technology currently has a consensus rating of “Moderate Buy” and an average target price of $111.00.

Marvell Technology Trading Down 2.0%

The stock’s 50-day moving average price is $87.15 and its 200 day moving average price is $76.77. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.88 and a quick ratio of 1.44. The firm has a market capitalization of $84.65 billion, a PE ratio of -755.31, a price-to-earnings-growth ratio of 1.10 and a beta of 1.93.

Marvell Technology (NASDAQ:MRVL) last announced its quarterly earnings data on Tuesday, December 2nd. The semiconductor company reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.02. The company had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $2.06 billion. Marvell Technology had a positive return on equity of 11.01% and a negative net margin of 1.43%.Marvell Technology’s revenue was up 36.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.43 earnings per share. Marvell Technology has set its Q4 2026 guidance at 0.740-0.840 EPS. On average, sell-side analysts expect that Marvell Technology, Inc. will post 0.91 EPS for the current fiscal year.

Marvell Technology Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 30th. Stockholders of record on Friday, October 10th were paid a dividend of $0.06 per share. The ex-dividend date was Friday, October 10th. This represents a $0.24 annualized dividend and a dividend yield of 0.2%. Marvell Technology’s dividend payout ratio (DPR) is currently 8.42%.

Marvell Technology announced that its board has authorized a stock repurchase plan on Wednesday, September 24th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the semiconductor company to repurchase up to 7.8% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling at Marvell Technology

In other Marvell Technology news, insider Sandeep Bharathi acquired 3,400 shares of Marvell Technology stock in a transaction that occurred on Thursday, September 25th. The stock was bought at an average price of $78.03 per share, with a total value of $265,302.00. Following the completion of the purchase, the insider directly owned 73,392 shares of the company’s stock, valued at approximately $5,726,777.76. This represents a 4.86% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Matthew J. Murphy bought 13,600 shares of the stock in a transaction on Thursday, September 25th. The shares were bought at an average price of $77.09 per share, with a total value of $1,048,424.00. Following the acquisition, the chief executive officer owned 268,637 shares of the company’s stock, valued at $20,709,226.33. This trade represents a 5.33% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders purchased 27,200 shares of company stock valued at $2,109,632 in the last ninety days. 0.19% of the stock is owned by insiders.

Institutional Investors Weigh In On Marvell Technology

A number of hedge funds have recently made changes to their positions in the stock. Atlantic Edge Private Wealth Management LLC grew its stake in Marvell Technology by 160.0% in the third quarter. Atlantic Edge Private Wealth Management LLC now owns 325 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 200 shares during the last quarter. Game Plan Financial Advisors LLC purchased a new stake in shares of Marvell Technology during the second quarter valued at about $27,000. Kiker Wealth Management LLC boosted its holdings in shares of Marvell Technology by 374.7% in the 2nd quarter. Kiker Wealth Management LLC now owns 356 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 281 shares in the last quarter. Nova Wealth Management Inc. grew its position in shares of Marvell Technology by 3,922.2% in the 3rd quarter. Nova Wealth Management Inc. now owns 362 shares of the semiconductor company’s stock worth $30,000 after buying an additional 353 shares during the last quarter. Finally, N.E.W. Advisory Services LLC bought a new position in shares of Marvell Technology during the 2nd quarter worth approximately $32,000. 83.51% of the stock is currently owned by hedge funds and other institutional investors.

Marvell Technology Company Profile

Marvell Technology, Inc, together with its subsidiaries, provides data infrastructure semiconductor solutions, spanning the data center core to network edge. The company develops and scales complex System-on-a-Chip architectures, integrating analog, mixed-signal, and digital signal processing functionality.