Marvell Technology (NASDAQ:MRVL) Shares Up 3.4% – Should You Buy?

Shares of Marvell Technology, Inc. (NASDAQ:MRVL) shot up 3.4% during mid-day trading on Tuesday . The company traded as high as $88.05 and last traded at $87.68. 11,365,208 shares traded hands during mid-day trading, a decline of 41% from the average session volume of 19,309,857 shares. The stock had previously closed at $84.80.

Wall Street Analyst Weigh In

MRVL has been the subject of a number of analyst reports. Cantor Fitzgerald set a $100.00 price target on Marvell Technology in a report on Tuesday, December 16th. Cowen reiterated a “hold” rating on shares of Marvell Technology in a research report on Wednesday, December 3rd. KeyCorp boosted their target price on shares of Marvell Technology from $90.00 to $130.00 and gave the company an “overweight” rating in a research note on Wednesday, December 3rd. Rosenblatt Securities reaffirmed a “buy” rating and set a $95.00 price target on shares of Marvell Technology in a research note on Monday, December 1st. Finally, Zacks Research upgraded shares of Marvell Technology from a “hold” rating to a “strong-buy” rating in a report on Friday, December 5th. Four research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and fourteen have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $111.25.

Marvell Technology Stock Up 3.4%

The stock has a fifty day moving average price of $87.63 and a 200-day moving average price of $79.24. The firm has a market cap of $74.36 billion, a PE ratio of 30.76, a PEG ratio of 0.81 and a beta of 1.93. 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:MRVL) last announced its quarterly earnings results on Tuesday, December 2nd. The semiconductor company reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. Marvell Technology had a net margin of 31.75% and a return on equity of 13.15%. The firm had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $2.06 billion. During the same period in the previous year, the company posted $0.43 earnings per share. Marvell Technology’s revenue was up 36.8% compared to the same quarter last year. Marvell Technology has set its Q4 2026 guidance at 0.740-0.840 EPS. Research analysts expect that Marvell Technology, Inc. will post 0.91 EPS for the current year.

Marvell Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 29th. Shareholders of record on Friday, January 9th will be given a $0.06 dividend. The ex-dividend date of this dividend is Friday, January 9th. This represents a $0.24 annualized dividend and a yield of 0.3%. Marvell Technology’s dividend payout ratio (DPR) is 8.42%.

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

Insider Buying and Selling at Marvell Technology

In other news, insider Sandeep Bharathi purchased 3,400 shares of the stock in a transaction that occurred on Thursday, September 25th. The stock was acquired at an average cost of $78.03 per share, with a total value of $265,302.00. Following the acquisition, the insider owned 73,392 shares in the company, valued at approximately $5,726,777.76. This trade represents a 4.86% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Willem A. Meintjes acquired 3,400 shares of the business’s stock in a transaction on Thursday, September 25th. The stock was purchased at an average price of $78.03 per share, for a total transaction of $265,302.00. Following the acquisition, the chief financial officer directly owned 132,159 shares in the company, valued at $10,312,366.77. This represents a 2.64% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders acquired 27,200 shares of company stock worth $2,109,632. 0.33% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Marvell Technology

Hedge funds have recently bought and sold shares of the business. Atlantic Edge Private Wealth Management LLC boosted its stake in shares of Marvell Technology by 160.0% during the 3rd quarter. Atlantic Edge Private Wealth Management LLC now owns 325 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 200 shares during the last quarter. Game Plan Financial Advisors LLC bought a new position in Marvell Technology during the 2nd quarter valued at $27,000. Kiker Wealth Management LLC grew its holdings in Marvell Technology by 374.7% during the 2nd quarter. Kiker Wealth Management LLC now owns 356 shares of the semiconductor company’s stock worth $28,000 after acquiring an additional 281 shares in the last quarter. Nova Wealth Management Inc. grew its holdings in Marvell Technology by 3,922.2% during the 3rd quarter. Nova Wealth Management Inc. now owns 362 shares of the semiconductor company’s stock worth $30,000 after acquiring an additional 353 shares in the last quarter. Finally, N.E.W. Advisory Services LLC bought a new stake in shares of Marvell Technology in the 2nd quarter worth about $32,000. Institutional investors and hedge funds own 83.51% of the company’s stock.

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.