Marvell Technology (NASDAQ:MRVL) Trading 2.4% Higher – Should You Buy?

Marvell Technology, Inc. (NASDAQ:MRVLGet Free Report)’s stock price traded up 2.4% on Tuesday . The company traded as high as $93.16 and last traded at $92.36. 13,607,708 shares traded hands during mid-day trading, a decline of 19% from the average session volume of 16,834,125 shares. The stock had previously closed at $90.16.

Key Marvell Technology News

Here are the key news stories impacting Marvell Technology this week:

Analyst Ratings Changes

MRVL has been the topic of several research reports. Craig Hallum upped their price target on shares of Marvell Technology from $141.00 to $164.00 and gave the stock a “buy” rating in a research report on Friday, March 6th. JPMorgan Chase & Co. boosted their target price on shares of Marvell Technology from $130.00 to $135.00 and gave the stock an “overweight” rating in a research note on Friday, March 6th. UBS Group upped their target price on shares of Marvell Technology from $115.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday, February 23rd. Cantor Fitzgerald reissued a “neutral” rating on shares of Marvell Technology in a research note on Friday, March 6th. Finally, Jefferies Financial Group boosted their price objective on shares of Marvell Technology from $80.00 to $120.00 and gave the stock a “buy” rating in a research report on Wednesday, December 3rd. Two analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $117.24.

Read Our Latest Report on Marvell Technology

Marvell Technology Price Performance

The company has a current ratio of 2.01, a quick ratio of 1.58 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $80.77 billion, a P/E ratio of 29.99, a PEG ratio of 0.80 and a beta of 1.97. The company has a fifty day simple moving average of $82.20 and a two-hundred day simple moving average of $83.73.

Marvell Technology (NASDAQ:MRVLGet Free Report) last issued its earnings results on Thursday, March 5th. The semiconductor company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.01. The company had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.21 billion. Marvell Technology had a net margin of 32.58% and a return on equity of 14.22%. The company’s revenue for the quarter was up 22.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.60 EPS. Marvell Technology has set its Q1 2027 guidance at 0.740-0.840 EPS. Sell-side analysts expect that Marvell Technology, Inc. will post 0.91 EPS for the current fiscal year.

Marvell Technology Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Friday, April 10th will be issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Friday, April 10th. Marvell Technology’s payout ratio is currently 7.79%.

Insider Activity at Marvell Technology

In other news, EVP Mark Casper sold 5,000 shares of the stock in a transaction on Monday, January 5th. The stock was sold at an average price of $93.08, for a total value of $465,400.00. Following the transaction, the executive vice president owned 19,418 shares of the company’s stock, valued at $1,807,427.44. This represents a 20.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.33% of the company’s stock.

Institutional Investors Weigh In On Marvell Technology

Institutional investors have recently made changes to their positions in the stock. Laurel Wealth Advisors LLC bought a new position in Marvell Technology during the fourth quarter worth about $25,000. Jessup Wealth Management Inc bought a new stake in shares of Marvell Technology in the 4th quarter valued at about $25,000. Cherry Tree Wealth Management LLC acquired a new stake in shares of Marvell Technology in the 4th quarter valued at approximately $26,000. Atlantic Edge Private Wealth Management LLC raised its position in shares of Marvell Technology by 160.0% in the 3rd quarter. Atlantic Edge Private Wealth Management LLC now owns 325 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 200 shares during the period. Finally, MidFirst Bank bought a new position in Marvell Technology during the 4th quarter worth approximately $28,000. 83.51% of the stock is owned by institutional investors and hedge funds.

Marvell Technology Company Profile

(Get Free Report)

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.

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