Marvell Technology (NASDAQ:MRVL) Trading Up 1.9% – Here’s Why

Marvell Technology, Inc. (NASDAQ:MRVL)’s share price was up 1.9% on Monday . The company traded as high as $92.74 and last traded at $91.10. Approximately 18,003,408 shares traded hands during mid-day trading, a decline of 6% from the average daily volume of 19,116,227 shares. The stock had previously closed at $89.40.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on MRVL shares. Weiss Ratings reiterated a “hold (c-)” rating on shares of Marvell Technology in a research note on Wednesday, October 8th. Wall Street Zen raised Marvell Technology from a “hold” rating to a “buy” rating in a report on Saturday, September 13th. Barclays lifted their price target on Marvell Technology from $80.00 to $105.00 and gave the company an “equal weight” rating in a research note on Wednesday. Hsbc Global Res raised Marvell Technology to a “hold” rating in a research note on Monday, November 24th. Finally, Cantor Fitzgerald set a $110.00 target price on shares of Marvell Technology in a report on Wednesday. Three investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and fourteen have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $111.00.

Marvell Technology Stock Performance

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 stock has a fifty day simple moving average of $87.15 and a two-hundred day simple moving average of $76.77. The firm has a market capitalization of $86.38 billion, a P/E ratio of -770.77, a P/E/G ratio of 1.10 and a beta of 1.93.

Marvell Technology (NASDAQ:MRVL) last announced its quarterly earnings data on Tuesday, December 2nd. The semiconductor company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.74 by $0.02. The company had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $2.06 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 36.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.43 EPS. Marvell Technology has set its Q4 2026 guidance at 0.740-0.840 EPS. On average, research analysts predict that Marvell Technology, Inc. will post 0.91 EPS for the current year.

Marvell Technology Announces Dividend

The business also recently disclosed 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 was Friday, October 10th. This represents a $0.24 annualized dividend and a dividend yield of 0.2%. Marvell Technology’s dividend payout ratio is currently 8.42%.

Marvell Technology declared that its board has authorized a share repurchase program on Wednesday, September 24th that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the semiconductor company to repurchase up to 7.8% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board believes its shares are undervalued.

Insider Transactions at Marvell Technology

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

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Taylor Frigon Capital Management LLC boosted its position in Marvell Technology by 16.5% in the second quarter. Taylor Frigon Capital Management LLC now owns 33,605 shares of the semiconductor company’s stock worth $2,601,000 after purchasing an additional 4,748 shares during the last quarter. Waterfront Wealth Inc. grew its position in Marvell Technology by 21.5% during the second quarter. Waterfront Wealth Inc. now owns 18,394 shares of the semiconductor company’s stock valued at $1,424,000 after buying an additional 3,258 shares during the period. BOCHK Asset Management Ltd purchased a new stake in Marvell Technology during the second quarter worth about $1,486,000. Westbourne Investments Inc. raised its position in Marvell Technology by 442.4% in the second quarter. Westbourne Investments Inc. now owns 21,695 shares of the semiconductor company’s stock worth $1,679,000 after acquiring an additional 17,695 shares during the period. Finally, Norges Bank purchased a new position in Marvell Technology in the second quarter valued at about $716,713,000. 83.51% of the stock is currently owned by institutional investors and hedge funds.

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.