Marvell Technology (NASDAQ:MRVL) Shares Down 3.5% – Here’s What Happened

Marvell Technology, Inc. (NASDAQ:MRVL)’s share price traded down 3.5% during mid-day trading on Friday . The stock traded as low as $79.72 and last traded at $80.23. 13,736,871 shares were traded during trading, a decline of 11% from the average session volume of 15,382,567 shares. The stock had previously closed at $83.10.

Wall Street Analyst Weigh In

MRVL has been the subject of several research reports. Morgan Stanley set a $112.00 price target on shares of Marvell Technology in a research report on Wednesday, December 3rd. Zacks Research lowered shares of Marvell Technology from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. Wells Fargo & Company upped their price objective on Marvell Technology from $90.00 to $135.00 and gave the company an “overweight” rating in a research note on Wednesday, December 3rd. Jefferies Financial Group raised their target price on Marvell Technology from $80.00 to $120.00 and gave the stock a “buy” rating in a research report on Wednesday, December 3rd. Finally, Roth Mkm upped their price target on Marvell Technology from $105.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday, December 3rd. Three investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $115.09.

Marvell Technology Price Performance

The business has a fifty day moving average of $85.69 and a 200-day moving average of $81.11. 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 firm has a market cap of $68.04 billion, a PE ratio of 28.15, a PEG ratio of 0.78 and a beta of 1.95.

Marvell Technology (NASDAQ:MRVL) last announced its quarterly earnings results on Tuesday, December 2nd. The semiconductor company reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.02. Marvell Technology had a return on equity of 13.15% and a net margin of 31.75%.The firm had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $2.06 billion. During the same period in the prior year, the business posted $0.43 earnings per share. The company’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. As a group, research analysts predict that Marvell Technology, Inc. will post 0.91 earnings per share for the current year.

Marvell Technology Dividend Announcement

The company also recently declared 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. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Friday, January 9th. Marvell Technology’s payout ratio is 8.42%.

Insider Activity

In related 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 sale, the executive vice president 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.19% of the company’s stock.

Institutional Trading of Marvell Technology

Several institutional investors and hedge funds have recently modified their holdings of the business. Intech Investment Management LLC lifted its position in Marvell Technology by 3.9% during the first quarter. Intech Investment Management LLC now owns 28,784 shares of the semiconductor company’s stock valued at $1,772,000 after purchasing an additional 1,085 shares during the last quarter. Perigon Wealth Management LLC lifted its holdings in shares of Marvell Technology by 28.4% during the 2nd quarter. Perigon Wealth Management LLC now owns 13,915 shares of the semiconductor company’s stock worth $1,077,000 after acquiring an additional 3,074 shares during the last quarter. Dakota Wealth Management grew its position in Marvell Technology by 53.3% in the second quarter. Dakota Wealth Management now owns 17,905 shares of the semiconductor company’s stock worth $1,386,000 after acquiring an additional 6,225 shares in the last quarter. Congress Asset Management Co. bought a new position in Marvell Technology in the second quarter valued at $1,186,000. Finally, Cove Private Wealth LLC raised its position in Marvell Technology by 10.4% during the second quarter. Cove Private Wealth LLC now owns 37,016 shares of the semiconductor company’s stock valued at $2,865,000 after purchasing an additional 3,500 shares in the last quarter. Hedge funds and other institutional investors 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.