Marvell Technology (NASDAQ:MRVL) Trading Down 5.7% – Here’s Why

Marvell Technology, Inc. (NASDAQ:MRVL) shares fell 5.7% on Tuesday . The stock traded as low as $78.44 and last traded at $78.68. 23,231,208 shares changed hands during trading, an increase of 21% from the average session volume of 19,205,324 shares. The stock had previously closed at $83.45.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. UBS Group boosted their target price on shares of Marvell Technology from $95.00 to $105.00 and gave the company a “buy” rating in a report on Monday, October 13th. Cowen lowered Marvell Technology from a “buy” rating to a “hold” rating in a research report on Tuesday, September 30th. Jefferies Financial Group dropped their price objective on Marvell Technology from $90.00 to $80.00 and set a “buy” rating on the stock in a research note on Friday, August 29th. Benchmark reaffirmed a “buy” rating and set a $95.00 target price on shares of Marvell Technology in a research note on Friday, August 29th. Finally, Wells Fargo & Company dropped their price target on Marvell Technology from $95.00 to $90.00 and set an “overweight” rating on the stock in a research note on Friday, August 29th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and thirteen have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $93.23.

Marvell Technology Trading Down 5.7%

The business has a 50 day moving average of $83.62 and a two-hundred day moving average of $74.87. The firm has a market capitalization of $67.83 billion, a price-to-earnings ratio of -605.23, a P/E/G ratio of 1.10 and a beta of 1.95. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.44 and a current ratio of 1.88.

Marvell Technology (NASDAQ:MRVL) last released its quarterly earnings data on Thursday, August 28th. The semiconductor company reported $0.67 EPS for the quarter, meeting the consensus estimate of $0.67. Marvell Technology had a positive return on equity of 11.01% and a negative net margin of 1.43%.The firm had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter in the previous year, the company posted $0.30 earnings per share. The company’s quarterly revenue was up 57.6% on a year-over-year basis. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. Equities analysts predict that Marvell Technology, Inc. will post 0.91 EPS for the current year.

Marvell Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 30th. Shareholders of record on Friday, October 10th were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Friday, October 10th. Marvell Technology’s dividend payout ratio (DPR) is -184.62%.

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

Insider Buying and Selling at Marvell Technology

In related news, insider Sandeep Bharathi acquired 3,400 shares of the firm’s stock in a transaction on Thursday, September 25th. The stock was purchased at an average cost of $78.03 per share, with a total value of $265,302.00. Following the acquisition, the insider owned 73,392 shares of the company’s stock, valued at approximately $5,726,777.76. This trade represents a 4.86% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, COO Chris Koopmans bought 6,800 shares of the company’s stock in a transaction dated Thursday, September 25th. The stock was bought at an average price of $78.03 per share, for a total transaction of $530,604.00. Following the acquisition, the chief operating officer directly owned 104,825 shares of the company’s stock, valued at approximately $8,179,494.75. This represents a 6.94% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last ninety days, insiders purchased 27,200 shares of company stock valued at $2,109,632. Insiders own 0.19% of the company’s stock.

Institutional Investors Weigh In On Marvell Technology

Several institutional investors have recently bought and sold shares of MRVL. Financial Connections Group Inc. boosted its holdings in Marvell Technology by 776.0% during the 1st quarter. Financial Connections Group Inc. now owns 438 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 388 shares during the last quarter. Game Plan Financial Advisors LLC bought a new position in shares of Marvell Technology during the second quarter valued at about $27,000. Atlantic Edge Private Wealth Management LLC lifted its position 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 valued at $27,000 after purchasing an additional 200 shares in the last quarter. Vision Financial Markets LLC purchased a new position in Marvell Technology during the first quarter worth about $28,000. Finally, Kiker Wealth Management LLC grew its position in Marvell Technology by 374.7% in the 2nd quarter. Kiker Wealth Management LLC now owns 356 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 281 shares in the last quarter. Institutional investors own 83.51% of the company’s stock.

About Marvell Technology

Marvell Technology, Inc, together with its subsidiaries, provides data infrastructure semiconductor solutions, spanning the data center core to network edge. The company develops and scales complex System-on-a-Chip architectures, integrating analog, mixed-signal, and digital signal processing functionality.