Marvell Technology (NASDAQ:MRVL) Stock Price Up 3.2% – Here’s Why

Marvell Technology, Inc. (NASDAQ:MRVL)’s share price traded up 3.2% during trading on Wednesday . The stock traded as high as $81.19 and last traded at $80.92. 10,416,992 shares changed hands during trading, a decline of 24% from the average session volume of 13,780,615 shares. The stock had previously closed at $78.39.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Royal Bank Of Canada assumed coverage on Marvell Technology in a report on Wednesday, January 14th. They issued an “outperform” rating and a $105.00 price target for the company. Cantor Fitzgerald reissued a “neutral” rating and set a $100.00 target price on shares of Marvell Technology in a research note on Tuesday, February 17th. The Goldman Sachs Group raised their target price on shares of Marvell Technology from $80.00 to $90.00 and gave the stock a “neutral” rating in a report on Wednesday, December 3rd. Summit Insights upgraded shares of Marvell Technology from a “hold” rating to a “buy” rating in a report on Wednesday, December 3rd. Finally, Piper Sandler set a $110.00 price objective on shares of Marvell Technology in a report on Wednesday, December 3rd. Two analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat, Marvell Technology currently has an average rating of “Moderate Buy” and an average price target of $115.31.

Marvell Technology Price Performance

The company’s fifty day moving average is $82.07 and its 200 day moving average is $81.88. The firm has a market cap of $70.50 billion, a price-to-earnings ratio of 28.39, a PEG ratio of 0.62 and a beta of 1.97. The company has a quick ratio of 1.64, a current ratio of 2.01 and a debt-to-equity ratio of 0.28.

Marvell Technology (NASDAQ:MRVL) last issued its quarterly earnings results on Tuesday, December 2nd. The semiconductor company reported $0.76 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.06 billion. During the same period in the previous year, the business earned $0.43 EPS. The company’s 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. On average, equities research analysts predict that Marvell Technology, Inc. will post 0.91 EPS for the current year.

Marvell Technology Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 29th. Investors of record on Friday, January 9th were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.3%. The ex-dividend date was Friday, January 9th. Marvell Technology’s dividend payout ratio is presently 8.42%.

Insider Buying and Selling

In other Marvell Technology news, EVP Mark Casper sold 5,000 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president directly owned 19,418 shares in the company, valued at $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 available through this link. Company insiders own 0.33% of the company’s stock.

Hedge Funds Weigh In On Marvell Technology

Several hedge funds and other institutional investors have recently made changes to their positions in MRVL. Trifecta Capital Advisors LLC raised its position in Marvell Technology by 8.8% during the third quarter. Trifecta Capital Advisors LLC now owns 1,430 shares of the semiconductor company’s stock worth $120,000 after acquiring an additional 116 shares in the last quarter. GAMMA Investing LLC raised its holdings 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 valued at $614,000 after purchasing an additional 122 shares during the period. FSM Wealth Advisors LLC lifted its stake in Marvell Technology by 4.4% in the 3rd quarter. FSM Wealth Advisors LLC now owns 2,939 shares of the semiconductor company’s stock valued at $247,000 after purchasing an additional 123 shares during the last quarter. Keel Point LLC lifted its stake in Marvell Technology by 2.2% in the 4th quarter. Keel Point LLC now owns 5,649 shares of the semiconductor company’s stock valued at $480,000 after purchasing an additional 124 shares during the last quarter. Finally, Faithward Advisors LLC grew its holdings in Marvell Technology by 2.1% during the third quarter. Faithward Advisors LLC now owns 6,242 shares of the semiconductor company’s stock worth $525,000 after purchasing an additional 126 shares during the period. 83.51% of the stock is owned by institutional investors.

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.