Marvell Technology (NASDAQ:MRVL) Stock Price Up 3% – Time to Buy?

Marvell Technology, Inc. (NASDAQ:MRVL) shares rose 3% on Friday . The company traded as high as $82.29 and last traded at $81.69. Approximately 19,978,928 shares traded hands during trading, an increase of 44% from the average daily volume of 13,899,812 shares. The stock had previously closed at $79.29.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. TD Cowen reaffirmed a “hold” rating on shares of Marvell Technology in a research report on Tuesday. Barclays raised their price target on Marvell Technology from $80.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 3rd. JPMorgan Chase & Co. boosted their price objective on Marvell Technology from $120.00 to $130.00 and gave the company an “overweight” rating in a report on Wednesday, December 3rd. Oppenheimer reissued an “outperform” rating and set a $150.00 target price (up from $115.00) on shares of Marvell Technology in a research note on Wednesday, December 3rd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Marvell Technology in a research report on Monday, December 29th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $115.31.

Marvell Technology Trading Up 3.0%

The company’s fifty day moving average is $81.90 and its two-hundred day moving average is $81.91. The company has a quick ratio of 1.64, a current ratio of 2.01 and a debt-to-equity ratio of 0.28. The stock has a market cap of $71.17 billion, a price-to-earnings ratio of 28.66, a PEG ratio of 0.66 and a beta of 1.97.

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

Marvell Technology Announces Dividend

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

Insider Transactions at Marvell Technology

In other news, EVP Mark Casper sold 5,000 shares of the firm’s stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $93.08, for a total transaction of $465,400.00. Following the sale, the executive vice president owned 19,418 shares of the company’s stock, valued at approximately $1,807,427.44. This trade represents a 20.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.19% of the stock is owned by company insiders.

Hedge Funds Weigh In On Marvell Technology

Several hedge funds have recently added to or reduced their stakes in the stock. Jessup Wealth Management Inc acquired a new position in shares of Marvell Technology in the 4th quarter valued at $25,000. Laurel Wealth Advisors LLC acquired a new stake in Marvell Technology during the 4th quarter worth $25,000. Cherry Tree Wealth Management LLC purchased a new stake in Marvell Technology in the fourth quarter valued at $26,000. Atlantic Edge Private Wealth Management LLC boosted its stake in 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 acquiring an additional 200 shares in the last quarter. Finally, MidFirst Bank purchased a new position in shares of Marvell Technology during the fourth quarter worth about $28,000. 83.51% of the stock is currently owned by hedge funds and other institutional investors.

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.