Marvell Technology, Inc. (NASDAQ:MRVL) Plans Quarterly Dividend of $0.06

Marvell Technology, Inc. (NASDAQ:MRVL) declared a quarterly dividend on Thursday, December 11th. Stockholders of record on Friday, January 9th will be given a dividend of 0.06 per share by the semiconductor company on Thursday, January 29th. This represents a c) dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Friday, January 9th.

Marvell Technology has a dividend payout ratio of 6.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect Marvell Technology to earn $2.00 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 12.0%.

Marvell Technology Price Performance

MRVL stock opened at $88.23 on Wednesday. The business has a 50 day moving average price of $87.85 and a 200 day moving average price of $80.52. The company has a quick ratio of 1.64, a current ratio of 2.01 and a debt-to-equity ratio of 0.28. The stock has a market cap of $74.83 billion, a price-to-earnings ratio of 30.96, a PEG ratio of 0.87 and a beta of 1.95. Marvell Technology has a fifty-two week low of $47.08 and a fifty-two week high of $127.48.

Marvell Technology (NASDAQ:MRVL) last issued its earnings results on Tuesday, December 2nd. The semiconductor company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.02. The business had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $2.06 billion. Marvell Technology had a net margin of 31.75% and a return on equity of 13.15%. The company’s revenue for the quarter was up 36.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.43 EPS. Marvell Technology has set its Q4 2026 guidance at 0.740-0.840 EPS. Equities research analysts anticipate that Marvell Technology will post 0.91 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Mark Casper sold 1,253 shares of the stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $101.00, for a total value of $126,553.00. Following the completion of the transaction, the executive vice president owned 9,023 shares in the company, valued at $911,323. This represents a 12.19% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.33% of the stock is owned by insiders.

Institutional Trading of Marvell Technology

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Marvell Technology by 23.5% in the third quarter. Vanguard Group Inc. now owns 79,610,208 shares of the semiconductor company’s stock worth $6,692,830,000 after acquiring an additional 15,166,976 shares in the last quarter. Norges Bank purchased a new stake in shares of Marvell Technology in the 2nd quarter valued at approximately $716,713,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its stake in Marvell Technology by 4,758.5% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 7,036,216 shares of the semiconductor company’s stock worth $544,603,000 after purchasing an additional 6,891,393 shares during the period. Ameriprise Financial Inc. grew its position in Marvell Technology by 59.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 16,624,827 shares of the semiconductor company’s stock worth $1,397,751,000 after purchasing an additional 6,217,952 shares in the last quarter. Finally, Amundi raised its stake in Marvell Technology by 113.4% during the 2nd quarter. Amundi now owns 8,648,350 shares of the semiconductor company’s stock valued at $642,140,000 after purchasing an additional 4,596,309 shares during the period. Institutional investors own 83.51% of the company’s stock.

About Marvell Technology

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.