Marvell Technology’s (MRVL) “Hold” Rating Reiterated at Benchmark

Benchmark reaffirmed their hold rating on shares of Marvell Technology (NASDAQ:MRVLFree Report) in a research report released on Tuesday morning, MarketBeat Ratings reports.

Several other equities analysts have also commented on the company. Roth Mkm increased their target price on Marvell Technology from $105.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, December 3rd. Evercore ISI upped their price objective on Marvell Technology from $122.00 to $156.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 3rd. Summit Redstone set a $105.00 price objective on Marvell Technology in a report on Wednesday, October 15th. 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 note on Wednesday, December 3rd. Finally, Needham & Company LLC upped their price target on Marvell Technology from $95.00 to $120.00 and gave the company a “buy” rating in a report on Wednesday, December 3rd. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $115.31.

Read Our Latest Analysis on MRVL

Marvell Technology Stock Up 0.7%

Shares of NASDAQ:MRVL opened at $74.21 on Tuesday. The firm’s 50 day moving average price is $85.10 and its 200 day moving average price is $81.45. The stock has a market cap of $62.94 billion, a price-to-earnings ratio of 26.04, a price-to-earnings-growth ratio of 0.56 and a beta of 1.97. Marvell Technology has a fifty-two week low of $47.08 and a fifty-two week high of $121.81. 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:MRVLGet Free Report) last posted its quarterly earnings results 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 company had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $2.06 billion. During the same quarter in the previous year, the business posted $0.43 EPS. The firm’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, equities research analysts predict that Marvell Technology will post 0.91 earnings per share for the current fiscal year.

Marvell Technology Announces Dividend

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

Insiders Place Their Bets

In other news, EVP Mark Casper sold 5,000 shares of the 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 sale, the executive vice president directly owned 19,418 shares of the company’s stock, valued at approximately $1,807,427.44. This represents a 20.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.19% of the company’s stock.

Hedge Funds Weigh In On Marvell Technology

Institutional investors have recently modified their holdings of the business. Laurel Wealth Advisors LLC acquired a new stake in Marvell Technology during the 4th quarter worth $25,000. Game Plan Financial Advisors LLC purchased a new stake in shares of Marvell Technology in the second quarter valued at about $27,000. Atlantic Edge Private Wealth Management LLC boosted its stake in shares of Marvell Technology by 160.0% during the third quarter. Atlantic Edge Private Wealth Management LLC now owns 325 shares of the semiconductor company’s stock worth $27,000 after buying an additional 200 shares during the period. Kiker Wealth Management LLC boosted its stake in shares of Marvell Technology by 374.7% during the second quarter. Kiker Wealth Management LLC now owns 356 shares of the semiconductor company’s stock worth $28,000 after buying an additional 281 shares during the period. Finally, Nova Wealth Management Inc. grew its holdings in shares of Marvell Technology by 3,922.2% during the third quarter. Nova Wealth Management Inc. now owns 362 shares of the semiconductor company’s stock worth $30,000 after buying an additional 353 shares during the last quarter. 83.51% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Marvell Technology

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

About Marvell Technology

(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.

See Also

Analyst Recommendations for Marvell Technology (NASDAQ:MRVL)

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