Marvell Technology (NASDAQ:MRVL) Trading Down 2.6% – Here’s What Happened

Marvell Technology, Inc. (NASDAQ:MRVL) traded down 2.6% during trading on Friday . The stock traded as low as $85.11 and last traded at $90.92. 20,849,933 shares were traded during trading, an increase of 8% from the average session volume of 19,321,926 shares. The stock had previously closed at $93.33.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on MRVL. Barclays reiterated an “equal weight” rating and set a $80.00 price target on shares of Marvell Technology in a report on Monday, October 20th. Roth Capital restated a “buy” rating on shares of Marvell Technology in a research report on Wednesday, October 15th. UBS Group increased their price target on Marvell Technology from $95.00 to $105.00 and gave the stock a “buy” rating in a report on Monday, October 13th. Morgan Stanley decreased their price target on Marvell Technology from $80.00 to $76.00 and set an “equal weight” rating for the company in a research note on Friday, August 29th. Finally, TD Cowen reaffirmed a “hold” rating and issued a $85.00 price objective (down previously from $90.00) on shares of Marvell Technology in a research report on Wednesday, October 1st. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and thirteen have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $93.06.

Marvell Technology Trading Down 2.6%

The company has a current ratio of 1.88, a quick ratio of 1.44 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $78.38 billion, a P/E ratio of -699.38, a price-to-earnings-growth ratio of 1.10 and a beta of 1.95. The company has a 50-day moving average price of $80.14 and a 200 day moving average price of $73.05.

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

Marvell Technology Announces Dividend

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

Marvell Technology announced that its board has approved a stock repurchase plan on Wednesday, September 24th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the semiconductor company to purchase up to 7.8% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling

In other news, COO Chris Koopmans purchased 6,800 shares of the company’s stock in a transaction that occurred on Thursday, September 25th. The shares were bought at an average price of $78.03 per share, for a total transaction of $530,604.00. Following the completion of the transaction, the chief operating officer owned 104,825 shares in the company, valued at $8,179,494.75. This represents a 6.94% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Sandeep Bharathi bought 3,400 shares of the company’s stock in a transaction dated Thursday, September 25th. The shares were acquired at an average price of $78.03 per share, for a total transaction of $265,302.00. Following the completion of the transaction, the insider directly owned 73,392 shares in the company, valued at approximately $5,726,777.76. This trade represents a 4.86% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders purchased a total of 27,200 shares of company stock valued at $2,109,632 over the last quarter. 0.19% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Taylor Frigon Capital Management LLC increased its position in shares of Marvell Technology by 16.5% during the 2nd quarter. Taylor Frigon Capital Management LLC now owns 33,605 shares of the semiconductor company’s stock valued at $2,601,000 after purchasing an additional 4,748 shares during the period. Waterfront Wealth Inc. lifted its stake 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 in the last quarter. BOCHK Asset Management Ltd purchased a new position in Marvell Technology during the 2nd quarter worth approximately $1,486,000. Westbourne Investments Inc. boosted its position in shares of 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 buying an additional 17,695 shares during the period. Finally, Triton Financial Group Inc acquired a new stake in Marvell Technology during the 2nd quarter worth about $1,543,000. Institutional investors and hedge funds own 83.51% of the company’s stock.

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.