Marvell Technology (NASDAQ:MRVL) Trading Down 5.7% – Here’s What Happened

Shares of Marvell Technology, Inc. (NASDAQ:MRVL) were down 5.7% during mid-day trading on Thursday . The company traded as low as $76.08 and last traded at $76.68. Approximately 22,894,918 shares traded hands during mid-day trading, an increase of 19% from the average daily volume of 19,198,004 shares. The stock had previously closed at $81.32.

Analyst Upgrades and Downgrades

A number of analysts recently commented on MRVL shares. Morgan Stanley reduced their price objective on Marvell Technology from $80.00 to $76.00 and set an “equal weight” rating for the company in a research report on Friday, August 29th. Benchmark reaffirmed a “buy” rating and set a $95.00 price target on shares of Marvell Technology in a research report on Friday, August 29th. The Goldman Sachs Group increased their price objective on shares of Marvell Technology from $72.00 to $80.00 and gave the stock a “neutral” rating in a research note on Tuesday. Needham & Company LLC boosted their target price on shares of Marvell Technology from $80.00 to $95.00 and gave the company a “buy” rating in a research report on Thursday, September 25th. Finally, Zacks Research upgraded shares of Marvell Technology from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 24th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and thirteen have issued a Hold rating to the company. According to MarketBeat, Marvell Technology currently has an average rating of “Moderate Buy” and a consensus target price of $94.23.

Marvell Technology Trading Down 5.7%

The stock has a market capitalization of $66.11 billion, a PE ratio of -589.85, a PEG ratio of 1.10 and a beta of 1.95. The stock’s 50 day moving average price is $84.14 and its 200-day moving average price is $75.03. The company has a quick ratio of 1.44, a current ratio of 1.88 and a debt-to-equity ratio of 0.30.

Marvell Technology (NASDAQ:MRVL) last issued its 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 during the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter in the prior year, the firm posted $0.30 EPS. Marvell Technology’s quarterly revenue was up 57.6% compared to the same quarter last year. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. On average, sell-side analysts expect that Marvell Technology, Inc. will post 0.91 earnings per share 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 annualized dividend and a dividend yield of 0.3%. Marvell Technology’s dividend payout ratio (DPR) is currently -184.62%.

Marvell Technology announced that its Board of Directors has initiated a share repurchase plan on Wednesday, September 24th that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the semiconductor company to repurchase up to 7.8% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Insider Activity at Marvell Technology

In related news, insider Sandeep Bharathi purchased 3,400 shares of Marvell Technology stock in a transaction on Thursday, September 25th. The shares were bought at an average cost of $78.03 per share, for a total transaction of $265,302.00. Following the acquisition, the insider owned 73,392 shares in the company, valued at approximately $5,726,777.76. The trade was a 4.86% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Matthew J. Murphy acquired 13,600 shares of the company’s stock in a transaction on Thursday, September 25th. The shares were bought at an average cost of $77.09 per share, with a total value of $1,048,424.00. Following 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 disclosure for this purchase is available in the SEC filing. Insiders bought a total of 27,200 shares of company stock worth $2,109,632 over the last ninety days. 0.19% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Marvell Technology

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MRVL. Game Plan Financial Advisors LLC bought a new stake in shares of Marvell Technology during the 2nd quarter worth approximately $27,000. Atlantic Edge Private Wealth Management LLC increased 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 worth $27,000 after purchasing an additional 200 shares during the period. Financial Connections Group Inc. lifted its position in shares of Marvell Technology by 776.0% during the first quarter. Financial Connections Group Inc. now owns 438 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 388 shares during the last quarter. Vision Financial Markets LLC purchased a new stake in shares of Marvell Technology during the first quarter valued at $28,000. Finally, Kiker Wealth Management LLC boosted its stake in shares of Marvell Technology by 374.7% during the second quarter. Kiker Wealth Management LLC now owns 356 shares of the semiconductor company’s stock valued at $28,000 after purchasing an additional 281 shares during the period. 83.51% of the stock is owned by institutional investors.

About Marvell Technology

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.