Marvell Technology, Inc. (NASDAQ:MRVL – Get Free Report)’s share price gapped up prior to trading on Wednesday. The stock had previously closed at $154.39, but opened at $167.05. Marvell Technology shares last traded at $167.2980, with a volume of 6,490,899 shares.
Latest Marvell Technology News
These are some of the MRVL news items that stood out recently:
- Positive Sentiment: Marvell’s investor communications have reiterated the rationale for combining its silicon products with Lumentum’s optical technology. The company has said the all-stock deal could support growth, margins and more than $1 billion in annual run-rate cost synergies. ETFs also bought a reported $222.6 million of MRVL shares on Nov. 9, a potential supportive demand signal. Marvell Sees $222.6 Million in Net ETF Buying
- Neutral Sentiment: Recent dip buying has pushed shares higher from last week’s low, but investors are still assessing whether the rebound marks a durable recovery or a temporary bounce. Is This a Dead Cat Bounce or a Real Recovery?
- Negative Sentiment: The Lumentum acquisition remains a key concern: critics describe the large all-stock transaction as risky, and reports have raised doubts about its prospects for completion. Separately, disclosed insider trading over the past six months showed sales and no purchases; that history may weigh on sentiment but is not evidence of the cause of today’s move. Why Is Marvell Stock Crashing, and Is It a Buying Opportunity?
Analyst Upgrades and Downgrades
MRVL has been the topic of several analyst reports. UBS Group reaffirmed a “buy” rating on shares of Marvell Technology in a report on Tuesday, November 3rd. Raymond James Financial reissued a “strong-buy” rating on shares of Marvell Technology in a research note on Thursday, October 29th. Citigroup increased their price objective on shares of Marvell Technology from $225.00 to $275.00 and gave the stock a “buy” rating in a research note on Friday, August 21st. Oppenheimer restated an “outperform” rating and set a $425.00 price objective on shares of Marvell Technology in a research report on Wednesday, October 7th. Finally, Craig Hallum restated a “buy” rating and set a $380.00 target price on shares of Marvell Technology in a research note on Wednesday, October 7th. Three analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $300.09.
Check Out Our Latest Stock Report on Marvell Technology
Marvell Technology Stock Up 12.9%
The company has a market capitalization of $152.88 billion, a PE ratio of 57.33, a PEG ratio of 4.62 and a beta of 2.32. The company’s 50 day moving average is $231.92 and its two-hundred day moving average is $184.95. The company has a quick ratio of 2.62, a current ratio of 3.17 and a debt-to-equity ratio of 0.27.
Marvell Technology (NASDAQ:MRVL – Get Free Report) last released its quarterly earnings data on Thursday, August 27th. The semiconductor company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.93 by $0.01. Marvell Technology had a net margin of 27.93% and a return on equity of 13.57%. The business had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.72 billion. During the same quarter in the prior year, the firm earned $0.67 EPS. The business’s revenue was up 36.5% on a year-over-year basis. Marvell Technology has set its Q3 2027 guidance at 1.050-1.150 EPS. On average, analysts anticipate that Marvell Technology, Inc. will post 3.05 earnings per share for the current year.
Marvell Technology Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, October 29th. Stockholders of record on Friday, October 9th were given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date was Friday, October 9th. Marvell Technology’s dividend payout ratio is currently 7.92%.
Insider Buying and Selling at Marvell Technology
In other Marvell Technology news, insider Sandeep Bharathi sold 3,685 shares of the stock in a transaction on Friday, October 16th. The shares were sold at an average price of $234.97, for a total transaction of $865,864.45. Following the completion of the transaction, the insider owned 58,748 shares in the company, valued at $13,804,017.56. This trade represents a 5.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO Justin Scarpulla sold 1,100 shares of Marvell Technology stock in a transaction on Thursday, October 8th. The stock was sold at an average price of $273.59, for a total transaction of $300,949.00. Following the completion of the transaction, the chief accounting officer directly owned 909 shares of the company’s stock, valued at $248,693.31. The trade was a 54.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 57,285 shares of company stock valued at $12,901,763. 0.12% of the stock is owned by company insiders.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the business. BlackRock Inc. lifted its stake in shares of Marvell Technology by 34.1% in the 2nd quarter. BlackRock Inc. now owns 85,641,174 shares of the semiconductor company’s stock valued at $25,511,649,000 after purchasing an additional 21,798,190 shares during the last quarter. State Street Corp increased its position in shares of Marvell Technology by 79.3% during the 2nd quarter. State Street Corp now owns 41,834,272 shares of the semiconductor company’s stock valued at $12,462,011,000 after purchasing an additional 18,495,866 shares during the last quarter. Bank of America Corp DE purchased a new stake in Marvell Technology during the 2nd quarter valued at $2,607,795,000. Bank of New York Mellon Corp lifted its position in Marvell Technology by 153.3% in the second quarter. Bank of New York Mellon Corp now owns 7,957,985 shares of the semiconductor company’s stock worth $2,370,604,000 after buying an additional 4,815,725 shares during the last quarter. Finally, Legal & General Group Plc bought a new stake in Marvell Technology in the second quarter worth $1,742,526,000. Institutional investors own 83.51% of the company’s stock.
Marvell Technology Company Profile
Marvell Technology is a fabless semiconductor company that develops data infrastructure chips and related technologies. Its products include networking and Ethernet chips, storage controllers, processors, optical and connectivity solutions, and custom silicon used in data centers, carrier networks, enterprise systems, and other applications. The company’s products help move, store, process, and secure data across cloud and telecommunications infrastructure. Marvell serves customers around the world, including equipment makers and technology companies that incorporate its semiconductors into their systems.
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