Marvell Technology, Inc. (NASDAQ:MRVL) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Marvell Technology, Inc. (NASDAQ:MRVL) have earned a consensus rating of “Moderate Buy” from the thirty-nine brokerages that are presently covering the stock, MarketBeat Ratings reports. Thirteen equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and three have issued a strong buy rating on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $115.6970.

Several research firms have recently commented on MRVL. Rosenblatt Securities restated a “buy” rating and set a $120.00 price target on shares of Marvell Technology in a research report on Wednesday, January 7th. HSBC started coverage on Marvell Technology in a report on Monday, November 24th. They set a “hold” rating and a $85.00 target price for the company. Benchmark reiterated a “hold” rating on shares of Marvell Technology in a research note on Tuesday, December 23rd. Stifel Nicolaus raised their price objective on shares of Marvell Technology from $95.00 to $114.00 and gave the company a “buy” rating in a research note on Wednesday, December 3rd. Finally, Oppenheimer restated an “outperform” rating and issued a $150.00 price objective (up previously from $115.00) on shares of Marvell Technology in a report on Wednesday, December 3rd.

Marvell Technology Trading Up 0.1%

NASDAQ MRVL opened at $80.46 on Thursday. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.01 and a quick ratio of 1.64. The stock has a market capitalization of $68.24 billion, a P/E ratio of 28.23, a PEG ratio of 0.78 and a beta of 1.95. The firm’s 50-day moving average is $86.23 and its two-hundred day moving average is $80.93. Marvell Technology has a 12 month low of $47.08 and a 12 month high of $127.48.

Marvell Technology (NASDAQ:MRVL) last released its quarterly earnings results on Tuesday, December 2nd. The semiconductor company reported $0.76 earnings per share (EPS) 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 business had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $2.06 billion. During the same period in the previous year, the firm earned $0.43 EPS. The business’s revenue was up 36.8% on a year-over-year basis. Marvell Technology has set its Q4 2026 guidance at 0.740-0.840 EPS. On average, sell-side analysts anticipate that Marvell Technology will post 0.91 earnings per share for the current year.

Marvell Technology Announces Dividend

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

Marvell Technology announced that its Board of Directors has authorized a stock buyback program on Wednesday, September 24th that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the semiconductor company to buy up to 7.8% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

Insider Activity

In other news, EVP Mark Casper sold 5,000 shares of the business’s stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $93.08, for a total transaction of $465,400.00. Following the completion of the transaction, the executive vice president directly owned 19,418 shares of the company’s stock, valued at approximately $1,807,427.44. The trade was a 20.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.33% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in MRVL. Trifecta Capital Advisors LLC lifted its position in shares of Marvell Technology by 8.8% during the 3rd quarter. Trifecta Capital Advisors LLC now owns 1,430 shares of the semiconductor company’s stock worth $120,000 after purchasing an additional 116 shares during the last quarter. GAMMA Investing LLC raised its stake in Marvell Technology by 1.7% in the third quarter. GAMMA Investing LLC now owns 7,306 shares of the semiconductor company’s stock valued at $614,000 after buying an additional 122 shares in the last quarter. FSM Wealth Advisors LLC lifted its holdings in Marvell Technology by 4.4% during the 3rd quarter. FSM Wealth Advisors LLC now owns 2,939 shares of the semiconductor company’s stock worth $247,000 after buying an additional 123 shares during the last quarter. Faithward Advisors LLC boosted its position in shares of Marvell Technology by 2.1% during the 3rd quarter. Faithward Advisors LLC now owns 6,242 shares of the semiconductor company’s stock worth $525,000 after acquiring an additional 126 shares in the last quarter. Finally, Meeder Asset Management Inc. increased its holdings in shares of Marvell Technology by 30.4% in the 3rd quarter. Meeder Asset Management Inc. now owns 557 shares of the semiconductor company’s stock valued at $47,000 after acquiring an additional 130 shares during the last quarter. Hedge funds and other 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.