Marvell Technology (NASDAQ:MRVL) Trading Up 1% – What’s Next?

Shares of Marvell Technology, Inc. (NASDAQ:MRVL) traded up 1% during mid-day trading on Friday . The company traded as high as $78.92 and last traded at $77.45. 16,134,025 shares changed hands during trading, a decline of 16% from the average session volume of 19,186,115 shares. The stock had previously closed at $76.68.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on MRVL shares. BNP Paribas upgraded Marvell Technology to a “strong-buy” rating in a research note on Friday, August 29th. Raymond James Financial assumed coverage on Marvell Technology in a report on Thursday. They set a “strong-buy” rating and a $121.00 target price for the company. Bank of America restated a “neutral” rating and issued a $78.00 price target (down previously from $90.00) on shares of Marvell Technology in a report on Friday, August 29th. Oppenheimer lifted their price target on shares of Marvell Technology from $95.00 to $115.00 and gave the company an “outperform” rating in a research report on Friday, October 10th. Finally, Wall Street Zen raised shares of Marvell Technology from a “hold” rating to a “buy” rating in a research report on Saturday, September 13th. Three investment analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and thirteen have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $94.23.

Marvell Technology Stock Up 1.0%

The firm’s 50 day moving average price is $84.34 and its two-hundred day moving average price is $75.04. The firm has a market capitalization of $66.77 billion, a PE ratio of -595.77, a P/E/G ratio of 1.10 and a beta of 1.95. The company has a quick ratio of 1.44, a current ratio of 1.88 and a debt-to-equity ratio of 0.30.

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

Marvell Technology Dividend Announcement

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

Marvell Technology declared that its Board of Directors has approved a share 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 shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its stock is undervalued.

Insiders Place Their Bets

In other Marvell Technology news, CFO Willem A. Meintjes acquired 3,400 shares of the company’s stock in a transaction on Thursday, September 25th. The shares were bought at an average cost of $78.03 per share, for a total transaction of $265,302.00. Following the acquisition, the chief financial officer directly owned 132,159 shares of the company’s stock, valued at $10,312,366.77. This trade represents a 2.64% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Matthew J. Murphy bought 13,600 shares of the business’s stock in a transaction on Thursday, September 25th. The stock was acquired at an average cost of $77.09 per share, for a total transaction of $1,048,424.00. Following the completion of the transaction, the chief executive officer owned 268,637 shares in the company, valued at $20,709,226.33. This represents a 5.33% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought 27,200 shares of company stock worth $2,109,632 in the last quarter. Company insiders own 0.19% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Trifecta Capital Advisors LLC increased its position 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 worth $120,000 after purchasing an additional 116 shares during the last quarter. GAMMA Investing LLC increased its holdings in Marvell Technology by 1.7% in the third quarter. GAMMA Investing LLC now owns 7,306 shares of the semiconductor company’s stock valued at $614,000 after buying an additional 122 shares during the last quarter. FSM Wealth Advisors LLC raised its stake in Marvell Technology by 4.4% during the third quarter. FSM Wealth Advisors LLC now owns 2,939 shares of the semiconductor company’s stock valued at $247,000 after buying an additional 123 shares in the last quarter. Faithward Advisors LLC raised its holdings in shares of 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. Finally, Meeder Asset Management Inc. lifted its position in shares of Marvell Technology by 30.4% in the 3rd quarter. Meeder Asset Management Inc. now owns 557 shares of the semiconductor company’s stock worth $47,000 after buying an additional 130 shares during the last quarter. 83.51% of the stock is currently owned by institutional investors.

Marvell Technology Company Profile

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.