Marvell Technology (NASDAQ:MRVL) Trading Up 2.6% – Should You Buy?

Shares of Marvell Technology, Inc. (NASDAQ:MRVL) traded up 2.6% during mid-day trading on Monday . The company traded as high as $91.58 and last traded at $90.16. 13,694,586 shares changed hands during trading, a decline of 19% from the average session volume of 16,944,385 shares. The stock had previously closed at $87.91.

Analyst Ratings Changes

Several equities analysts have commented on the company. Oppenheimer reaffirmed an “outperform” rating and issued a $150.00 price objective (up from $115.00) on shares of Marvell Technology in a research report on Wednesday, December 3rd. KeyCorp lifted their target price on Marvell Technology from $90.00 to $130.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 3rd. Rosenblatt Securities boosted their target price on shares of Marvell Technology from $115.00 to $140.00 and gave the company a “buy” rating in a research note on Friday, March 6th. Roth Mkm upped their price target on shares of Marvell Technology from $105.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, December 3rd. Finally, Melius Research raised shares of Marvell Technology from a “hold” rating to a “buy” rating and set a $135.00 price target on the stock in a research note on Monday, January 5th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $117.24.

Marvell Technology Trading Up 2.6%

The firm has a market capitalization of $78.83 billion, a P/E ratio of 29.27, a price-to-earnings-growth ratio of 0.80 and a beta of 1.97. The stock has a 50-day simple moving average of $82.05 and a two-hundred day simple moving average of $83.55. The company has a current ratio of 2.01, a quick ratio of 1.58 and a debt-to-equity ratio of 0.28.

Marvell Technology (NASDAQ:MRVL) last posted its quarterly earnings results on Thursday, March 5th. The semiconductor company reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.01. The business had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.21 billion. Marvell Technology had a return on equity of 14.22% and a net margin of 32.58%.The business’s revenue was up 22.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.60 EPS. Marvell Technology has set its Q1 2027 guidance at 0.740-0.840 EPS. On average, equities research analysts anticipate that Marvell Technology, Inc. will post 0.91 earnings per share for the current year.

Marvell Technology Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Friday, April 10th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, April 10th. This represents a $0.24 dividend on an annualized basis and a yield of 0.3%. Marvell Technology’s dividend payout ratio (DPR) is 7.79%.

Insider Activity at Marvell Technology

In other news, EVP Mark Casper sold 5,000 shares of the business’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $93.08, for a total value of $465,400.00. Following the completion of 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 document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.19% of the company’s stock.

Hedge Funds Weigh In On Marvell Technology

A number of large investors have recently bought and sold shares of the business. Trifecta Capital Advisors LLC increased its holdings in shares of Marvell Technology by 8.8% in the 3rd quarter. Trifecta Capital Advisors LLC now owns 1,430 shares of the semiconductor company’s stock valued at $120,000 after acquiring an additional 116 shares during the period. GAMMA Investing LLC lifted its stake in shares of Marvell Technology by 1.7% during the 3rd quarter. GAMMA Investing LLC now owns 7,306 shares of the semiconductor company’s stock worth $614,000 after purchasing an additional 122 shares during the last quarter. FSM Wealth Advisors LLC lifted its stake in shares of Marvell Technology by 4.4% during the 3rd quarter. FSM Wealth Advisors LLC now owns 2,939 shares of the semiconductor company’s stock worth $247,000 after purchasing an additional 123 shares during the last quarter. Keel Point LLC boosted its position in Marvell Technology by 2.2% during the fourth quarter. Keel Point LLC now owns 5,649 shares of the semiconductor company’s stock valued at $480,000 after purchasing an additional 124 shares in the last quarter. Finally, Faithward Advisors LLC grew its stake in Marvell Technology by 2.1% in the third quarter. Faithward Advisors LLC now owns 6,242 shares of the semiconductor company’s stock valued at $525,000 after purchasing an additional 126 shares during the last quarter. Institutional investors own 83.51% of the company’s stock.

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.