Marvell Technology, Inc. (MRVL) to Issue Quarterly Dividend of $0.06 on January 29th

Marvell Technology, Inc. (NASDAQ:MRVL) declared a quarterly dividend on Thursday, December 11th. Stockholders of record on Friday, January 9th will be paid a dividend of 0.06 per share by the semiconductor company on Thursday, January 29th. This represents a c) dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Friday, January 9th.

Marvell Technology has a payout ratio of 6.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Marvell Technology to earn $2.00 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 12.0%.

Marvell Technology Stock Down 2.2%

MRVL stock opened at $88.23 on Wednesday. The stock has a market cap of $74.83 billion, a P/E ratio of 30.96, a P/E/G ratio of 0.87 and a beta of 1.95. The company has a current ratio of 2.01, a quick ratio of 1.64 and a debt-to-equity ratio of 0.28. The stock’s fifty day simple moving average is $87.85 and its two-hundred day simple moving average is $80.52. Marvell Technology has a 1-year low of $47.08 and a 1-year high of $127.48.

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

Analyst Upgrades and Downgrades

MRVL has been the subject of several research analyst reports. The Goldman Sachs Group raised their price target on shares of Marvell Technology from $80.00 to $90.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 3rd. Deutsche Bank Aktiengesellschaft increased their price objective on Marvell Technology from $90.00 to $125.00 and gave the company a “buy” rating in a report on Wednesday, December 3rd. Oppenheimer restated an “outperform” rating and issued a $150.00 target price (up from $115.00) on shares of Marvell Technology in a research note on Wednesday, December 3rd. Jefferies Financial Group upped their price target on Marvell Technology from $80.00 to $120.00 and gave the company a “buy” rating in a research report on Wednesday, December 3rd. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $120.00 price objective on shares of Marvell Technology in a report on Wednesday. Four analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and twelve have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $116.03.

Marvell Technology Company Profile

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.