Marvell Technology (NASDAQ:MRVL) Trading Down 3% – Should You Sell?

Marvell Technology, Inc. (NASDAQ:MRVL)’s share price fell 3% during trading on Friday . The stock traded as low as $78.18 and last traded at $78.92. 12,185,837 shares were traded during trading, a decline of 16% from the average session volume of 14,558,301 shares. The stock had previously closed at $81.34.

Analyst Upgrades and Downgrades

MRVL has been the topic of a number of research analyst reports. Needham & Company LLC increased their price target on shares of Marvell Technology from $95.00 to $120.00 and gave the stock a “buy” rating in a report on Wednesday, December 3rd. Evercore ISI increased their price objective on Marvell Technology from $122.00 to $156.00 and gave the company an “outperform” rating in a research report on Wednesday, December 3rd. B. Riley reiterated a “buy” rating and set a $130.00 price target (up from $100.00) on shares of Marvell Technology in a research report on Wednesday, December 3rd. JPMorgan Chase & Co. lifted their target price on shares of Marvell Technology from $120.00 to $130.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 3rd. Finally, HSBC started coverage on Marvell Technology in a report on Monday, November 24th. They issued a “hold” rating and a $85.00 price objective on the stock. Three research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat, Marvell Technology presently has a consensus rating of “Moderate Buy” and a consensus price target of $115.09.

Marvell Technology Price Performance

The company has a current ratio of 2.01, a quick ratio of 1.64 and a debt-to-equity ratio of 0.28. The business’s 50 day moving average price is $85.88 and its two-hundred day moving average price is $81.32. The stock has a market cap of $66.93 billion, a P/E ratio of 27.69, a price-to-earnings-growth ratio of 0.81 and a beta of 1.95.

Marvell Technology (NASDAQ:MRVL) last issued its quarterly earnings data on Tuesday, December 2nd. The semiconductor company reported $0.76 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $2.06 billion. During the same period last year, the business posted $0.43 earnings per share. Marvell Technology’s quarterly 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. As a group, sell-side analysts expect that Marvell Technology, Inc. will post 0.91 earnings per share for the current fiscal year.

Marvell Technology Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 29th. Stockholders of record on Friday, January 9th were given a $0.06 dividend. The ex-dividend date of this dividend was 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%.

Insider Buying and Selling at Marvell Technology

In other news, EVP Mark Casper sold 5,000 shares of Marvell Technology stock in a transaction that occurred on Monday, January 5th. The shares were 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 in the company, valued at approximately $1,807,427.44. This trade represents a 20.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.19% of the company’s stock.

Hedge Funds Weigh In On Marvell Technology

Institutional investors and hedge funds have recently modified their holdings of the stock. Ellsworth Advisors LLC bought a new stake in Marvell Technology during the third quarter valued at approximately $5,864,000. Waterfront Wealth Inc. raised its position in Marvell Technology by 21.5% in the second quarter. Waterfront Wealth Inc. now owns 18,394 shares of the semiconductor company’s stock worth $1,424,000 after acquiring an additional 3,258 shares during the period. BOCHK Asset Management Ltd purchased a new position in shares of Marvell Technology during the 2nd quarter worth $1,486,000. OVERSEA CHINESE BANKING Corp Ltd grew its position in shares of Marvell Technology by 1,292.1% during the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 389,809 shares of the semiconductor company’s stock valued at $32,656,000 after acquiring an additional 361,807 shares during the period. Finally, Norges Bank purchased a new stake in shares of Marvell Technology in the 2nd quarter worth $716,713,000. 83.51% of the stock is currently owned by institutional investors.

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.