Marvell Technology (NASDAQ:MRVL) Trading 2.4% Higher – Should You Buy?

Marvell Technology, Inc. (NASDAQ:MRVLGet Free Report) shares traded up 2.4% on Tuesday . The stock traded as high as $93.16 and last traded at $92.36. 13,607,708 shares traded hands during mid-day trading, a decline of 19% from the average session volume of 16,834,125 shares. The stock had previously closed at $90.16.

Trending Headlines about Marvell Technology

Here are the key news stories impacting Marvell Technology this week:

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on MRVL shares. Raymond James Financial reissued a “strong-buy” rating on shares of Marvell Technology in a report on Tuesday, January 6th. Citigroup lifted their target price on Marvell Technology from $113.00 to $118.00 and gave the stock a “buy” rating in a report on Friday, March 6th. Roth Mkm increased their price target on Marvell Technology from $105.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, December 3rd. Cantor Fitzgerald reaffirmed a “neutral” rating on shares of Marvell Technology in a research report on Friday, March 6th. Finally, TD Cowen lifted their price objective on Marvell Technology from $85.00 to $90.00 and gave the company a “hold” rating in a report on Friday, March 6th. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Marvell Technology presently has a consensus rating of “Moderate Buy” and an average target price of $117.24.

Read Our Latest Research Report on MRVL

Marvell Technology Price Performance

The stock has a market cap of $80.77 billion, a price-to-earnings ratio of 29.99, a P/E/G ratio of 0.80 and a beta of 1.97. The company has a 50 day simple moving average of $82.20 and a 200-day simple moving average of $83.73. The company has a current ratio of 2.01, a quick ratio of 1.58 and a debt-to-equity ratio of 0.28.

Marvell Technology (NASDAQ:MRVLGet Free Report) last posted its quarterly earnings data on Thursday, March 5th. The semiconductor company reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.01. The company had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.21 billion. Marvell Technology had a return on equity of 14.22% and a net margin of 32.58%.Marvell Technology’s revenue for the quarter was up 22.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.60 earnings per share. Marvell Technology has set its Q1 2027 guidance at 0.740-0.840 EPS. Research analysts expect that Marvell Technology, Inc. will post 0.91 EPS for the current year.

Marvell Technology Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Friday, April 10th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, April 10th. This represents a $0.24 annualized dividend and a yield of 0.3%. Marvell Technology’s payout ratio is 7.79%.

Insider Activity at Marvell Technology

In other news, EVP Mark Casper sold 5,000 shares of the firm’s stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $93.08, for a total value of $465,400.00. Following the completion of the transaction, the executive vice president owned 19,418 shares in the company, valued at $1,807,427.44. This trade represents a 20.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.33% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Marvell Technology

Hedge funds and other institutional investors have recently made changes to their positions in the company. Laurel Wealth Advisors LLC acquired a new stake in Marvell Technology in the fourth quarter valued at $25,000. Jessup Wealth Management Inc acquired a new position in shares of Marvell Technology during the 4th quarter worth about $25,000. Cherry Tree Wealth Management LLC bought a new stake in shares of Marvell Technology in the 4th quarter valued at about $26,000. Atlantic Edge Private Wealth Management LLC raised 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 valued at $27,000 after purchasing an additional 200 shares during the period. Finally, MidFirst Bank acquired a new stake in Marvell Technology in the 4th quarter valued at about $28,000. 83.51% of the stock is owned by institutional investors.

Marvell Technology Company Profile

(Get Free Report)

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.

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