Marvell Technology (NASDAQ:MRVL) Trading Down 3.1% – Time to Sell?

Marvell Technology, Inc. (NASDAQ:MRVL) was down 3.1% during mid-day trading on Tuesday . The stock traded as low as $87.22 and last traded at $87.59. Approximately 13,217,135 shares traded hands during mid-day trading, a decline of 31% from the average daily volume of 19,260,953 shares. The stock had previously closed at $90.37.

Wall Street Analysts Forecast Growth

MRVL has been the topic of a number of recent analyst reports. Barclays reaffirmed an “equal weight” rating and set a $80.00 price target on shares of Marvell Technology in a research report on Monday, October 20th. Benchmark reaffirmed a “buy” rating and set a $95.00 target price on shares of Marvell Technology in a research report on Friday, August 29th. Zacks Research raised Marvell Technology from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 24th. Summit Redstone set a $105.00 price target on Marvell Technology in a research note on Wednesday, October 15th. Finally, The Goldman Sachs Group initiated coverage on shares of Marvell Technology in a report on Thursday, July 10th. They set a “neutral” rating and a $75.00 price objective on the stock. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and thirteen have given a Hold rating to the company. Based on data from MarketBeat.com, Marvell Technology presently has a consensus rating of “Moderate Buy” and a consensus target price of $93.06.

Marvell Technology Stock Performance

The company has a quick ratio of 1.44, a current ratio of 1.88 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $75.51 billion, a PE ratio of -673.77, a PEG ratio of 1.10 and a beta of 1.94. The firm has a 50 day moving average price of $79.19 and a 200-day moving average price of $72.51.

Marvell Technology (NASDAQ:MRVL) last issued its quarterly earnings results on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share for the quarter, hitting the consensus estimate of $0.67. Marvell Technology had a negative net margin of 1.43% and a positive return on equity of 11.01%. The company had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter in the prior year, the company earned $0.30 EPS. Marvell Technology’s quarterly revenue was up 57.6% on a year-over-year basis. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. Research analysts expect that Marvell Technology, Inc. will post 0.91 EPS for the current fiscal year.

Marvell Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 30th. Investors of record on Friday, October 10th were given a dividend of $0.06 per share. The ex-dividend date was Friday, October 10th. This represents a $0.24 dividend on an annualized basis and a yield of 0.3%. Marvell Technology’s payout ratio is currently -184.62%.

Marvell Technology announced that its board has approved a stock repurchase plan on Wednesday, September 24th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the semiconductor company to repurchase up to 7.8% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

Insider Buying and Selling

In related news, CEO Matthew J. Murphy bought 13,600 shares of the company’s stock in a transaction that occurred on Thursday, September 25th. The shares were purchased at an average cost of $77.09 per share, with a total value of $1,048,424.00. Following the completion of the acquisition, the chief executive officer directly owned 268,637 shares in the company, valued at approximately $20,709,226.33. The trade was a 5.33% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Sandeep Bharathi purchased 3,400 shares of Marvell Technology stock in a transaction that occurred on Thursday, September 25th. The shares were bought at an average price of $78.03 per share, with a total value of $265,302.00. Following the completion of the transaction, the insider owned 73,392 shares of the company’s stock, valued at $5,726,777.76. This represents a 4.86% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders have acquired 27,200 shares of company stock worth $2,109,632. Corporate insiders own 0.19% of the company’s stock.

Institutional Investors Weigh In On Marvell Technology

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Hughes Financial Services LLC acquired a new position in shares of Marvell Technology in the 1st quarter valued at $26,000. Rossby Financial LCC acquired a new position in shares of Marvell Technology in the first quarter worth about $27,000. Financial Connections Group Inc. boosted its stake in shares of Marvell Technology by 776.0% during the 1st quarter. Financial Connections Group Inc. now owns 438 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 388 shares in the last quarter. Game Plan Financial Advisors LLC acquired a new stake in shares of Marvell Technology during the 2nd quarter valued at about $27,000. Finally, Atlantic Edge Private Wealth Management LLC increased its stake in shares of 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 valued at $27,000 after purchasing an additional 200 shares in the last quarter. Institutional investors and hedge funds own 83.51% of the company’s stock.

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.