Marvell Technology (NASDAQ:MRVL) Stock Price Down 2.1% – Here’s What Happened

Marvell Technology, Inc. (NASDAQ:MRVL)’s stock price fell 2.1% during trading on Monday . The stock traded as low as $76.07 and last traded at $77.79. 11,592,727 shares traded hands during mid-day trading, a decline of 17% from the average session volume of 14,029,814 shares. The stock had previously closed at $79.48.

Wall Street Analyst Weigh In

MRVL has been the subject of several analyst reports. Summit Insights upgraded Marvell Technology from a “hold” rating to a “buy” rating in a report on Wednesday, December 3rd. Benchmark reissued a “hold” rating on shares of Marvell Technology in a report on Tuesday, February 3rd. Wall Street Zen cut shares of Marvell Technology from a “buy” rating to a “hold” rating in a research report on Saturday. Stifel Nicolaus boosted their target price on shares of Marvell Technology from $95.00 to $114.00 and gave the company a “buy” rating in a report on Wednesday, December 3rd. Finally, UBS Group increased their price target on shares of Marvell Technology from $115.00 to $120.00 and gave the company a “buy” rating in a research note on Monday. Two analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $115.31.

Marvell Technology Trading Down 2.1%

The company has a market cap of $67.77 billion, a PE ratio of 27.29, a price-to-earnings-growth ratio of 0.63 and a beta of 1.97. The company’s 50 day simple moving average is $82.31 and its two-hundred day simple moving average is $81.86. 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 released its quarterly earnings results on Tuesday, December 2nd. The semiconductor company reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. The business 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 business’s 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. As a group, sell-side analysts anticipate that Marvell Technology, Inc. will post 0.91 EPS for the current fiscal year.

Marvell Technology Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 29th. Stockholders of record on Friday, January 9th were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Friday, January 9th. Marvell Technology’s dividend payout ratio (DPR) is currently 8.42%.

Insider Buying and Selling at Marvell Technology

In related news, EVP Mark Casper sold 5,000 shares of the business’s stock in a transaction on Monday, January 5th. The stock was sold at an average price of $93.08, for a total value of $465,400.00. Following the sale, the executive vice president owned 19,418 shares in the company, valued at approximately $1,807,427.44. The trade was a 20.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.33% of the company’s stock.

Institutional Trading of Marvell Technology

A number of institutional investors and hedge funds have recently bought and sold shares of MRVL. Intech Investment Management LLC grew its holdings in shares of Marvell Technology by 3.9% in the first quarter. Intech Investment Management LLC now owns 28,784 shares of the semiconductor company’s stock valued at $1,772,000 after purchasing an additional 1,085 shares in the last quarter. Brookstone Capital Management purchased a new position in Marvell Technology in the 2nd quarter valued at approximately $257,000. First Citizens Bank & Trust Co. boosted its position in Marvell Technology by 20.8% in the 2nd quarter. First Citizens Bank & Trust Co. now owns 7,561 shares of the semiconductor company’s stock valued at $585,000 after buying an additional 1,302 shares during the period. AlTi Global Inc. acquired a new position in shares of Marvell Technology in the second quarter worth $285,000. Finally, BIP Wealth LLC purchased a new stake in shares of Marvell Technology during the second quarter worth $210,000. 83.51% of the stock is currently owned by hedge funds and other institutional investors.

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.