Marvell Technology (NASDAQ:MRVL) Stock Price Down 2.6% – Should You Sell?

Marvell Technology, Inc. (NASDAQ:MRVL) shares traded down 2.6% during mid-day trading on Monday . The stock traded as low as $181.76 and last traded at $189.17. 21,489,968 shares traded hands during mid-day trading, a decline of 28% from the average session volume of 29,689,510 shares. The stock had previously closed at $194.23.

Analyst Upgrades and Downgrades

MRVL has been the subject of a number of research reports. Barclays increased their target price on shares of Marvell Technology from $150.00 to $275.00 and gave the company an “overweight” rating in a report on Thursday, May 28th. Susquehanna upped their price target on shares of Marvell Technology from $100.00 to $230.00 and gave the company a “positive” rating in a research report on Tuesday, May 26th. William Blair reaffirmed an “outperform” rating on shares of Marvell Technology in a research note on Thursday, May 28th. Stifel Nicolaus boosted their target price on Marvell Technology from $321.00 to $350.00 and gave the company a “buy” rating in a research note on Wednesday, June 24th. Finally, The Goldman Sachs Group set a $180.00 target price on Marvell Technology in a report on Thursday, May 28th. Three research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, Marvell Technology presently has an average rating of “Moderate Buy” and a consensus target price of $245.45.

Marvell Technology Trading Down 2.6%

The stock has a market capitalization of $165.49 billion, a P/E ratio of 64.78, a price-to-earnings-growth ratio of 1.22 and a beta of 2.20. The stock has a 50-day moving average price of $243.42 and a two-hundred day moving average price of $153.61. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.66 and a current ratio of 3.28.

Marvell Technology (NASDAQ:MRVL) last announced its earnings results on Wednesday, May 27th. The semiconductor company reported $0.80 EPS for the quarter, meeting analysts’ consensus estimates of $0.80. Marvell Technology had a return on equity of 13.83% and a net margin of 28.99%.The company had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.41 billion. During the same quarter in the prior year, the company earned $0.62 earnings per share. The firm’s revenue for the quarter was up 27.6% on a year-over-year basis. Marvell Technology has set its Q2 2027 guidance at 0.880-0.980 EPS. On average, research analysts forecast that Marvell Technology, Inc. will post 3.07 EPS for the current fiscal year.

Marvell Technology Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 30th. Stockholders of record on Friday, July 10th will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend is Friday, July 10th. Marvell Technology’s dividend payout ratio (DPR) is currently 8.22%.

Insider Activity

In related news, insider Sandeep Bharathi sold 2,231 shares of the business’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $299.13, for a total transaction of $667,359.03. Following the transaction, the insider owned 55,530 shares in the company, valued at $16,610,688.90. The trade was a 3.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Daniel Durn sold 2,250 shares of the firm’s stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of $281.01, for a total transaction of $632,272.50. Following the completion of the sale, the chief financial officer owned 6,902 shares of the company’s stock, valued at $1,939,531.02. This trade represents a 24.58% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 45,981 shares of company stock worth $9,835,542. 0.12% of the stock is owned by company insiders.

Hedge Funds Weigh In On Marvell Technology

A number of institutional investors have recently added to or reduced their stakes in MRVL. Arlington Trust Co LLC lifted its position in Marvell Technology by 24.1% during the second quarter. Arlington Trust Co LLC now owns 268 shares of the semiconductor company’s stock valued at $80,000 after buying an additional 52 shares during the period. GoalVest Advisory LLC grew its position in shares of Marvell Technology by 26.0% in the 2nd quarter. GoalVest Advisory LLC now owns 315 shares of the semiconductor company’s stock worth $94,000 after buying an additional 65 shares during the period. Mayflower Financial Advisors LLC increased its stake in shares of Marvell Technology by 1.7% in the 1st quarter. Mayflower Financial Advisors LLC now owns 4,109 shares of the semiconductor company’s stock worth $407,000 after acquiring an additional 68 shares in the last quarter. Bell Investment Advisors Inc lifted its position in Marvell Technology by 12.9% during the 1st quarter. Bell Investment Advisors Inc now owns 628 shares of the semiconductor company’s stock valued at $62,000 after acquiring an additional 72 shares during the period. Finally, HBW Advisory Services LLC lifted its position in Marvell Technology by 3.3% during the 2nd quarter. HBW Advisory Services LLC now owns 2,270 shares of the semiconductor company’s stock valued at $676,000 after acquiring an additional 73 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.