Marvell Technology (NASDAQ:MRVL) Trading Down 3.5% – Should You Sell?

Marvell Technology, Inc. (NASDAQ:MRVL) traded down 3.5% on Friday . The stock traded as low as $79.72 and last traded at $80.23. 13,736,871 shares were traded during trading, a decline of 11% from the average session volume of 15,382,567 shares. The stock had previously closed at $83.10.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Oppenheimer reaffirmed an “outperform” rating and issued a $150.00 price target (up from $115.00) on shares of Marvell Technology in a research report on Wednesday, December 3rd. Weiss Ratings reissued a “hold (c)” rating on shares of Marvell Technology in a research report on Monday, December 29th. Barclays boosted their target price on shares of Marvell Technology from $80.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 3rd. Roth Mkm upped their target price on shares of Marvell Technology from $105.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday, December 3rd. Finally, Zacks Research lowered shares of Marvell Technology from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 12th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and twelve have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $115.09.

Marvell Technology Stock Performance

The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.64 and a current ratio of 2.01. The firm has a market capitalization of $68.04 billion, a price-to-earnings ratio of 28.15, a price-to-earnings-growth ratio of 0.80 and a beta of 1.95. The firm’s 50-day moving average price is $85.81 and its two-hundred day moving average price is $80.99.

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

Marvell Technology Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 29th. Stockholders of record on Friday, January 9th will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Friday, January 9th. Marvell Technology’s payout ratio is currently 8.42%.

Insider Activity

In related news, EVP Mark Casper sold 5,000 shares of Marvell Technology stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $93.08, for a total transaction of $465,400.00. Following the completion of the transaction, the executive vice president directly owned 19,418 shares of the company’s stock, valued at $1,807,427.44. This trade represents a 20.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.19% of the stock is owned by company insiders.

Institutional Trading of Marvell Technology

Several hedge funds have recently modified their holdings of MRVL. Freestone Capital Holdings LLC increased its holdings in Marvell Technology by 9.2% during the 4th quarter. Freestone Capital Holdings LLC now owns 3,271 shares of the semiconductor company’s stock valued at $278,000 after purchasing an additional 276 shares in the last quarter. Cove Private Wealth LLC boosted its stake in Marvell Technology by 11.7% in the fourth quarter. Cove Private Wealth LLC now owns 41,706 shares of the semiconductor company’s stock worth $3,544,000 after purchasing an additional 4,360 shares in the last quarter. Third View Private Wealth LLC bought a new stake in shares of Marvell Technology during the fourth quarter worth $489,000. Transcend Capital Advisors LLC acquired a new stake in shares of Marvell Technology in the fourth quarter valued at $317,000. Finally, KG&L Capital Management LLC increased its stake in shares of Marvell Technology by 15.7% in the fourth quarter. KG&L Capital Management LLC now owns 7,081 shares of the semiconductor company’s stock valued at $602,000 after buying an additional 959 shares in the last quarter. Institutional investors and hedge funds 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.