Marvell Technology (NASDAQ:MRVL) Trading 2.5% Higher – What’s Next?

Marvell Technology, Inc. (NASDAQ:MRVL)’s share price rose 2.5% during trading on Monday . The stock traded as high as $94.47 and last traded at $93.23. Approximately 14,449,353 shares changed hands during trading, a decline of 25% from the average daily volume of 19,299,582 shares. The stock had previously closed at $90.92.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Cowen downgraded shares of Marvell Technology from a “buy” rating to a “hold” rating in a research report on Tuesday, September 30th. BNP Paribas raised shares of Marvell Technology to a “strong-buy” rating in a research note on Friday, August 29th. Cantor Fitzgerald reissued a “neutral” rating and issued a $75.00 price objective on shares of Marvell Technology in a research report on Friday, August 29th. Wells Fargo & Company dropped their target price on Marvell Technology from $95.00 to $90.00 and set an “overweight” rating on the stock in a research report on Friday, August 29th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Marvell Technology in a report on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and thirteen have given a Hold rating to the company. According to data from MarketBeat, Marvell Technology presently has a consensus rating of “Moderate Buy” and an average target price of $93.06.

Marvell Technology Trading Up 2.5%

The company has a debt-to-equity ratio of 0.30, a current ratio of 1.88 and a quick ratio of 1.44. The business’s fifty day simple moving average is $80.70 and its 200 day simple moving average is $73.63. The stock has a market cap of $80.37 billion, a price-to-earnings ratio of -717.15, a P/E/G ratio of 1.10 and a beta of 1.95.

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

Marvell Technology Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 30th. Stockholders of record on Friday, October 10th were issued a dividend of $0.06 per share. The ex-dividend date of this dividend 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 initiated a stock repurchase plan on Wednesday, September 24th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the semiconductor company to buy up to 7.8% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s board believes its stock is undervalued.

Insider Activity

In other Marvell Technology news, COO Chris Koopmans acquired 6,800 shares of the firm’s stock in a transaction that occurred on Thursday, September 25th. The stock was acquired at an average cost of $78.03 per share, with a total value of $530,604.00. Following the acquisition, the chief operating officer directly owned 104,825 shares of the company’s stock, valued at $8,179,494.75. This represents a 6.94% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Matthew J. Murphy purchased 13,600 shares of the firm’s stock in a transaction dated Thursday, September 25th. The stock was acquired at an average cost of $77.09 per share, with a total value of $1,048,424.00. Following the purchase, the chief executive officer owned 268,637 shares of the company’s stock, valued at approximately $20,709,226.33. This represents a 5.33% increase in their position. The SEC filing for this purchase provides additional information. Insiders have bought a total of 27,200 shares of company stock worth $2,109,632 in the last quarter. Company insiders own 0.19% of the company’s stock.

Hedge Funds Weigh In On Marvell Technology

A number of institutional investors and hedge funds have recently bought and sold shares of MRVL. Vanguard Group Inc. boosted its stake in Marvell Technology by 23.5% during the 3rd quarter. Vanguard Group Inc. now owns 79,610,208 shares of the semiconductor company’s stock valued at $6,692,830,000 after purchasing an additional 15,166,976 shares in the last quarter. Norges Bank acquired a new position in Marvell Technology during the second quarter worth about $716,713,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in Marvell Technology by 4,758.5% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 7,036,216 shares of the semiconductor company’s stock worth $544,603,000 after acquiring an additional 6,891,393 shares in the last quarter. Nuveen LLC acquired a new stake in Marvell Technology in the 1st quarter valued at about $399,587,000. Finally, Goldman Sachs Group Inc. boosted its position in shares of Marvell Technology by 32.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 20,661,308 shares of the semiconductor company’s stock valued at $1,272,117,000 after purchasing an additional 5,050,159 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.