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

Shares of Marvell Technology, Inc. (NASDAQ:MRVL) were down 2.1% during mid-day trading on Wednesday . The company traded as low as $84.94 and last traded at $84.98. Approximately 7,093,129 shares changed hands during trading, a decline of 63% from the average daily volume of 19,084,160 shares. The stock had previously closed at $86.76.

Analysts Set New Price Targets

Several equities analysts have commented on MRVL shares. Hsbc Global Res raised Marvell Technology to a “hold” rating in a research report on Monday, November 24th. Roth Capital 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. UBS Group set a $100.00 price target on shares of Marvell Technology in a research note on Wednesday, December 3rd. Jefferies Financial Group boosted their price objective on shares of Marvell Technology from $80.00 to $120.00 and gave the company a “buy” rating in a research report on Wednesday, December 3rd. Finally, Summit Redstone set a $105.00 target price on shares of Marvell Technology in a research report on Wednesday, October 15th. Four research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and fourteen have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $111.25.

Marvell Technology Stock Performance

The stock has a market cap of $72.07 billion, a P/E ratio of 29.82, a price-to-earnings-growth ratio of 0.83 and a beta of 1.93. 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’s 50 day moving average is $87.59 and its 200 day moving average is $80.00.

Marvell Technology (NASDAQ:MRVL) last announced its quarterly earnings data on Tuesday, December 2nd. The semiconductor company reported $0.76 EPS for the quarter, beating 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 firm had revenue of $2.07 billion during the quarter, compared to analyst estimates of $2.06 billion. During the same period last year, the firm posted $0.43 EPS. Marvell Technology’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. Analysts anticipate that Marvell Technology, Inc. will post 0.91 EPS for the current year.

Marvell Technology Dividend Announcement

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

Marvell Technology announced that its board has approved a stock repurchase plan on Wednesday, September 24th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the semiconductor company to purchase up to 7.8% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling

In other Marvell Technology news, EVP Mark Casper sold 1,253 shares of the stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $101.00, for a total transaction of $126,553.00. Following the sale, the executive vice president directly owned 9,023 shares of the company’s stock, valued at approximately $911,323. This trade represents a 12.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.33% of the company’s stock.

Hedge Funds Weigh In On Marvell Technology

Large investors have recently bought and sold shares of the business. Ellsworth Advisors LLC purchased a new position in Marvell Technology during the third quarter worth $5,864,000. Taylor Frigon Capital Management LLC grew its stake in shares of Marvell Technology by 16.5% during the 2nd quarter. Taylor Frigon Capital Management LLC now owns 33,605 shares of the semiconductor company’s stock valued at $2,601,000 after buying an additional 4,748 shares during the period. Waterfront Wealth Inc. increased its holdings in shares of Marvell Technology by 21.5% during the 2nd quarter. Waterfront Wealth Inc. now owns 18,394 shares of the semiconductor company’s stock worth $1,424,000 after buying an additional 3,258 shares during the last quarter. BOCHK Asset Management Ltd purchased a new position in shares of Marvell Technology in the 2nd quarter worth $1,486,000. Finally, Westbourne Investments Inc. boosted its holdings in Marvell Technology by 442.4% in the second quarter. Westbourne Investments Inc. now owns 21,695 shares of the semiconductor company’s stock valued at $1,679,000 after acquiring an additional 17,695 shares during 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.