Marvell Technology (NASDAQ:MRVL) Shares Down 2.7% – Should You Sell?

Marvell Technology, Inc. (NASDAQ:MRVL)’s stock price was down 2.7% during trading on Thursday . The stock traded as low as $78.30 and last traded at $81.34. Approximately 13,376,525 shares changed hands during mid-day trading, a decline of 9% from the average daily volume of 14,653,654 shares. The stock had previously closed at $83.62.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Stifel Nicolaus boosted their price target on Marvell Technology from $95.00 to $114.00 and gave the company a “buy” rating in a report on Wednesday, December 3rd. Hsbc Global Res upgraded Marvell Technology to a “hold” rating in a research note on Monday, November 24th. Benchmark restated a “hold” rating on shares of Marvell Technology in a research note on Tuesday, December 23rd. B. Riley reiterated a “buy” rating and issued a $130.00 price target (up from $100.00) on shares of Marvell Technology in a research report on Wednesday, December 3rd. Finally, Roth Mkm raised their price objective on shares of Marvell Technology from $105.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday, December 3rd. Three investment 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 company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $115.09.

Marvell Technology Stock Performance

The company has a market capitalization of $68.98 billion, a P/E ratio of 28.54, a price-to-earnings-growth ratio of 0.80 and a beta of 1.95. The business has a 50 day moving average of $85.79 and a 200 day moving average of $81.32. 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 released its quarterly earnings data on Tuesday, December 2nd. The semiconductor company reported $0.76 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 business had revenue of $2.07 billion during the quarter, compared to analyst estimates of $2.06 billion. During the same quarter last year, the business earned $0.43 earnings per share. Marvell Technology’s quarterly 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, sell-side analysts predict that Marvell Technology, Inc. will post 0.91 earnings per share for the current year.

Marvell Technology Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 29th. Stockholders of record on Friday, January 9th will be issued a $0.06 dividend. The ex-dividend date is Friday, January 9th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.3%. Marvell Technology’s payout ratio is 8.42%.

Insider Buying and Selling at Marvell Technology

In related news, EVP Mark Casper sold 5,000 shares of the stock in a transaction on Monday, January 5th. The stock was sold at an average price of $93.08, for a total transaction of $465,400.00. Following the sale, the executive vice president owned 19,418 shares in the company, valued at approximately $1,807,427.44. This represents a 20.48% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.33% of the company’s stock.

Institutional Investors Weigh In On Marvell Technology

Several institutional investors have recently made changes to their positions in MRVL. Game Plan Financial Advisors LLC bought a new position in Marvell Technology in the second quarter worth approximately $27,000. Atlantic Edge Private Wealth Management LLC lifted its holdings in shares of Marvell Technology by 160.0% in the 3rd 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 grew its position in shares of Marvell Technology by 374.7% during the 2nd quarter. Kiker Wealth Management LLC now owns 356 shares of the semiconductor company’s stock worth $28,000 after buying an additional 281 shares in the last quarter. Nova Wealth Management Inc. increased its stake 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 valued at $30,000 after buying an additional 353 shares during the period. Finally, Westside Investment Management Inc. increased its stake in shares of Marvell Technology by 62.5% during the second quarter. Westside Investment Management Inc. now owns 416 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 160 shares during the period. Institutional investors own 83.51% of the company’s stock.

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.