Marvell Technology (NASDAQ:MRVL) Shares Down 7% – Should You Sell?

Marvell Technology, Inc. (NASDAQ:MRVL) shares traded down 7% during trading on Monday . The company traded as low as $88.92 and last traded at $92.00. 40,541,651 shares were traded during mid-day trading, an increase of 108% from the average session volume of 19,468,402 shares. The stock had previously closed at $98.91.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on MRVL. Zacks Research upgraded Marvell Technology from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 24th. KeyCorp raised their price target on Marvell Technology from $90.00 to $130.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 3rd. Roth Capital boosted their price objective on Marvell Technology from $105.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday, December 3rd. Benchmark cut Marvell Technology from a “buy” rating to a “hold” rating in a research note on Monday. Finally, HSBC assumed coverage on shares of Marvell Technology in a research note on Monday, November 24th. They issued a “hold” rating and a $85.00 price target on the stock. Three research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and fifteen have given a Hold rating to the stock. According to data from MarketBeat, Marvell Technology presently has an average rating of “Moderate Buy” and a consensus target price of $111.56.

Marvell Technology Stock Performance

The stock has a market capitalization of $78.03 billion, a P/E ratio of 32.28, a PEG ratio of 0.96 and a beta of 1.93. The stock’s 50-day simple moving average is $87.75 and its 200 day simple moving average is $77.40. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.01 and a quick ratio of 1.64.

Marvell Technology (NASDAQ:MRVL) last posted its earnings results on Tuesday, December 2nd. The semiconductor company reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.02. The company had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $2.06 billion. Marvell Technology had a net margin of 31.75% and a return on equity of 13.15%. Marvell Technology’s quarterly revenue was up 36.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.43 EPS. Marvell Technology has set its Q4 2026 guidance at 0.740-0.840 EPS. Research analysts expect that Marvell Technology, Inc. will post 0.91 EPS for the current fiscal year.

Marvell Technology Announces Dividend

The company 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. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Friday, October 10th. Marvell Technology’s payout ratio is currently 8.42%.

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

Insider Transactions at Marvell Technology

In other news, CEO Matthew J. Murphy acquired 13,600 shares of the stock in a transaction on Thursday, September 25th. The shares were purchased at an average price of $77.09 per share, for a total transaction of $1,048,424.00. Following the transaction, the chief executive officer directly owned 268,637 shares of the company’s stock, valued at approximately $20,709,226.33. This represents a 5.33% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Chris Koopmans bought 6,800 shares of the company’s stock in a transaction dated Thursday, September 25th. The shares were purchased at an average cost of $78.03 per share, with a total value of $530,604.00. Following the acquisition, the chief operating officer directly owned 104,825 shares of the company’s stock, valued at approximately $8,179,494.75. This represents a 6.94% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have purchased a total of 27,200 shares of company stock worth $2,109,632 in the last ninety days. 0.33% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Marvell Technology

Hedge funds have recently bought and sold shares of the business. Game Plan Financial Advisors LLC acquired a new position in shares of Marvell Technology during the 2nd quarter worth approximately $27,000. Atlantic Edge Private Wealth Management LLC raised its position in shares of Marvell Technology by 160.0% in the third quarter. Atlantic Edge Private Wealth Management LLC now owns 325 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 200 shares in the last quarter. Kiker Wealth Management LLC boosted its stake in shares of Marvell Technology by 374.7% in the second quarter. Kiker Wealth Management LLC now owns 356 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 281 shares during the period. Nova Wealth Management Inc. boosted its stake in shares of Marvell Technology by 3,922.2% in the third quarter. Nova Wealth Management Inc. now owns 362 shares of the semiconductor company’s stock valued at $30,000 after buying an additional 353 shares during the period. Finally, Westside Investment Management Inc. grew its position in Marvell Technology by 62.5% during the second quarter. Westside Investment Management Inc. now owns 416 shares of the semiconductor company’s stock worth $32,000 after buying an additional 160 shares in the last quarter. 83.51% of the stock is owned by 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.