Marvell Technology (NASDAQ:MRVL) Shares Gap Up – Should You Buy?

Shares of Marvell Technology, Inc. (NASDAQ:MRVL) gapped up before the market opened on Friday . The stock had previously closed at $183.30, but opened at $199.38. Marvell Technology shares last traded at $189.3380, with a volume of 6,803,632 shares.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on MRVL. Bank of America increased their target price on shares of Marvell Technology from $240.00 to $365.00 and gave the company a “buy” rating in a report on Tuesday, June 23rd. Roth Capital upped their price target on Marvell Technology from $135.00 to $275.00 and gave the stock a “buy” rating in a report on Wednesday, May 27th. KeyCorp raised their price objective on Marvell Technology from $385.00 to $400.00 and gave the company an “overweight” rating in a research note on Tuesday, July 14th. UBS Group lifted their price objective on Marvell Technology from $230.00 to $340.00 and gave the stock a “buy” rating in a report on Monday, June 29th. Finally, The Goldman Sachs Group set a $180.00 target price on Marvell Technology in a research report on Thursday, May 28th. Three research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $245.45.

Marvell Technology Stock Up 4.1%

The firm’s 50-day moving average price is $243.17 and its 200 day moving average price is $156.22. The firm has a market capitalization of $166.88 billion, a price-to-earnings ratio of 65.50, a price-to-earnings-growth ratio of 1.02 and a beta of 2.20. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.28 and a quick ratio of 2.66.

Marvell Technology (NASDAQ:MRVL) last issued its quarterly earnings data on Wednesday, May 27th. The semiconductor company reported $0.80 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.80. Marvell Technology had a return on equity of 13.83% and a net margin of 28.99%.The firm had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.41 billion. During the same period in the previous year, the firm posted $0.62 EPS. The company’s quarterly revenue was up 27.6% compared to the same quarter last year. Marvell Technology has set its Q2 2027 guidance at 0.880-0.980 EPS. Sell-side analysts expect that Marvell Technology, Inc. will post 3.07 EPS for the current year.

Marvell Technology Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 30th. Stockholders of record on Friday, July 10th were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend was Friday, July 10th. Marvell Technology’s payout ratio is 8.22%.

Insiders Place Their Bets

In related news, CFO Daniel Durn sold 2,250 shares of Marvell Technology stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of $281.01, for a total transaction of $632,272.50. Following the completion of the sale, the chief financial officer owned 6,902 shares in the company, valued at approximately $1,939,531.02. This trade represents a 24.58% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Matthew J. Murphy sold 7,500 shares of the business’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $177.26, for a total transaction of $1,329,450.00. Following the completion of the transaction, the chief executive officer directly owned 739,397 shares of the company’s stock, valued at $131,065,512.22. The trade was a 1.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 35,981 shares of company stock valued at $8,207,942. Insiders own 0.12% of the company’s stock.

Institutional Investors Weigh In On Marvell Technology

Hedge funds have recently modified their holdings of the company. Laurel Wealth Advisors LLC purchased a new position in shares of Marvell Technology during the fourth quarter valued at approximately $25,000. Hilton Head Capital Partners LLC grew its stake in Marvell Technology by 978.3% in the 1st quarter. Hilton Head Capital Partners LLC now owns 248 shares of the semiconductor company’s stock worth $25,000 after acquiring an additional 225 shares during the period. Jessup Wealth Management Inc purchased a new stake in Marvell Technology in the 4th quarter worth approximately $25,000. Cherry Tree Wealth Management LLC acquired a new position in Marvell Technology in the 4th quarter valued at $26,000. Finally, MidFirst Bank acquired a new position in Marvell Technology in the 4th quarter valued at $28,000. 83.51% of the stock is owned by institutional investors and hedge funds.

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.