Marvell Technology (NASDAQ:MRVL) Shares Down 2.2% – What’s Next?

Marvell Technology, Inc. (NASDAQ:MRVL) traded down 2.2% during trading on Wednesday . The company traded as low as $79.27 and last traded at $81.21. 15,213,132 shares changed hands during mid-day trading, an increase of 3% from the average session volume of 14,803,775 shares. The stock had previously closed at $83.05.

Analyst Ratings Changes

A number of brokerages have issued reports on MRVL. Oppenheimer restated an “outperform” rating and set a $150.00 target price (up previously from $115.00) on shares of Marvell Technology in a research report on Wednesday, December 3rd. Zacks Research downgraded Marvell Technology from a “strong-buy” rating to a “hold” rating in a research report on Monday. Needham & Company LLC upped their target price on Marvell Technology from $95.00 to $120.00 and gave the company a “buy” rating in a research note on Wednesday, December 3rd. Royal Bank Of Canada assumed coverage on Marvell Technology in a research report on Wednesday. They set an “outperform” rating and a $105.00 price target for the company. Finally, Melius raised Marvell Technology from a “hold” rating to a “buy” rating and set a $135.00 price target for the company in a report on Monday, January 5th. Three research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and thirteen have assigned a Hold rating to the company. According to data from MarketBeat.com, Marvell Technology currently has an average rating of “Moderate Buy” and an average price target of $115.70.

Marvell Technology Price Performance

The stock has a market capitalization of $68.87 billion, a PE ratio of 28.49, a PEG ratio of 0.80 and a beta of 1.95. 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 company’s 50 day simple moving average is $87.19 and its 200 day simple moving average is $80.79.

Marvell Technology (NASDAQ:MRVL) last issued its quarterly earnings results on Tuesday, December 2nd. The semiconductor company reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.02. Marvell Technology had a return on equity of 13.15% and a net margin of 31.75%.The company had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.06 billion. During the same quarter in the prior year, the company posted $0.43 EPS. The business’s revenue for the quarter 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. On average, equities analysts anticipate that Marvell Technology, Inc. will post 0.91 earnings per share for the current year.

Marvell Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 29th. Shareholders of record on Friday, January 9th will be paid a $0.06 dividend. 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, January 9th. Marvell Technology’s dividend payout ratio (DPR) is presently 8.42%.

Marvell Technology announced that its board has approved a stock repurchase plan on Wednesday, September 24th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the semiconductor company to reacquire up to 7.8% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Insider Activity at Marvell Technology

In other news, EVP Mark Casper sold 5,000 shares of the stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $93.08, for a total transaction of $465,400.00. Following the transaction, the executive vice president directly owned 19,418 shares in the company, valued at $1,807,427.44. This represents a 20.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.33% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Marvell Technology

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Trifecta Capital Advisors LLC boosted its holdings in shares of Marvell Technology by 8.8% in the 3rd quarter. Trifecta Capital Advisors LLC now owns 1,430 shares of the semiconductor company’s stock valued at $120,000 after purchasing an additional 116 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Marvell Technology by 1.7% in the 3rd quarter. GAMMA Investing LLC now owns 7,306 shares of the semiconductor company’s stock worth $614,000 after buying an additional 122 shares during the period. FSM Wealth Advisors LLC raised its position in shares of Marvell Technology by 4.4% in 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 period. Faithward Advisors LLC boosted its holdings in Marvell Technology by 2.1% in the third quarter. Faithward Advisors LLC now owns 6,242 shares of the semiconductor company’s stock valued at $525,000 after acquiring an additional 126 shares during the last quarter. Finally, Meeder Asset Management Inc. grew its position in Marvell Technology by 30.4% during the third 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 period. 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.