Marvell Technology (NASDAQ:MRVL) Releases Earnings Results, Beats Estimates By $0.02 EPS

Marvell Technology (NASDAQ:MRVL) announced its earnings results on Tuesday. The semiconductor company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.02, FiscalAI reports. Marvell Technology had a positive return on equity of 11.01% and a negative net margin of 1.43%.The company had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $2.06 billion. During the same quarter in the previous year, the firm earned $0.43 earnings per share. Marvell Technology’s quarterly revenue was up 36.8% on a year-over-year basis. Marvell Technology updated its Q4 2026 guidance to 0.740-0.840 EPS.

Marvell Technology Trading Up 2.0%

Shares of MRVL stock opened at $92.89 on Wednesday. Marvell Technology has a 12-month low of $47.08 and a 12-month high of $127.48. The company has a quick ratio of 1.44, a current ratio of 1.88 and a debt-to-equity ratio of 0.30. The company has a 50 day moving average of $86.75 and a 200-day moving average of $76.61. The firm has a market cap of $80.08 billion, a P/E ratio of -714.54, a PEG ratio of 1.10 and a beta of 1.95.

Marvell Technology Dividend Announcement

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

Marvell Technology announced that its Board of Directors has initiated a stock buyback program on Wednesday, September 24th that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the semiconductor company to buy up to 7.8% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

MRVL has been the topic of several recent analyst reports. JPMorgan Chase & Co. dropped their price objective on Marvell Technology from $130.00 to $120.00 and set an “overweight” rating on the stock in a research note on Friday, August 29th. BNP Paribas raised shares of Marvell Technology to a “strong-buy” rating in a research report on Friday, August 29th. Wall Street Zen upgraded shares of Marvell Technology from a “hold” rating to a “buy” rating in a report on Saturday, September 13th. Roth Capital reiterated a “buy” rating on shares of Marvell Technology in a research note on Wednesday, October 15th. Finally, Jefferies Financial Group dropped their target price on shares of Marvell Technology from $90.00 to $80.00 and set a “buy” rating on the stock in a research report on Friday, August 29th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and fifteen have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $96.59.

Insider Transactions at Marvell Technology

In other news, CFO Willem A. Meintjes purchased 3,400 shares of the company’s stock in a transaction dated Thursday, September 25th. The shares were purchased at an average price of $78.03 per share, with a total value of $265,302.00. Following the transaction, the chief financial officer directly owned 132,159 shares of the company’s stock, valued at approximately $10,312,366.77. This represents a 2.64% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Sandeep Bharathi acquired 3,400 shares of the firm’s stock in a transaction that occurred on Thursday, September 25th. The stock was purchased at an average cost of $78.03 per share, with a total value of $265,302.00. Following the acquisition, the insider owned 73,392 shares in the company, valued at $5,726,777.76. The trade was a 4.86% increase in their position. The SEC filing for this purchase provides additional information. Insiders acquired a total of 27,200 shares of company stock valued at $2,109,632 in the last three months. 0.19% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Marvell Technology

Several institutional investors have recently added to or reduced their stakes in the business. Strive Asset Management LLC bought a new position in Marvell Technology during the third quarter worth about $42,000. Redwood Financial Network Corp bought a new position in Marvell Technology in the 2nd quarter worth approximately $231,000. GeoWealth Management LLC grew its stake in Marvell Technology by 5.1% in the 3rd quarter. GeoWealth Management LLC now owns 2,808 shares of the semiconductor company’s stock valued at $236,000 after buying an additional 135 shares in the last quarter. SeaCrest Wealth Management LLC purchased a new position in Marvell Technology in the 3rd quarter valued at approximately $239,000. Finally, Gallagher Fiduciary Advisors LLC lifted its position in shares of Marvell Technology by 4.6% during the second quarter. Gallagher Fiduciary Advisors LLC now owns 3,526 shares of the semiconductor company’s stock worth $273,000 after acquiring an additional 156 shares in the last quarter. 83.51% of the stock is owned by hedge funds and other institutional investors.

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.