Marvell Technology (NASDAQ:MRVL) Releases Earnings Results, Meets Expectations

Marvell Technology (NASDAQ:MRVL) announced its quarterly earnings data on Thursday. The semiconductor company reported $0.30 earnings per share for the quarter, meeting the consensus estimate of $0.30, RTT News reports. Marvell Technology had a positive return on equity of 4.51% and a negative net margin of 18.33%. The firm had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same period in the previous year, the company earned $0.18 earnings per share. Marvell Technology’s quarterly revenue was down 5.1% on a year-over-year basis. Marvell Technology updated its Q3 guidance to $0.35-0.45 EPS and its Q3 2025 guidance to 0.350-0.450 EPS.

Marvell Technology Trading Up 2.0 %

Shares of NASDAQ MRVL opened at $69.84 on Friday. The company has a quick ratio of 1.24, a current ratio of 1.80 and a debt-to-equity ratio of 0.28. Marvell Technology has a 12 month low of $46.07 and a 12 month high of $85.76. The company has a market cap of $60.45 billion, a price-to-earnings ratio of -61.81, a P/E/G ratio of 2.99 and a beta of 1.47. The business has a fifty day simple moving average of $67.86 and a 200-day simple moving average of $69.42.

Marvell Technology Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Friday, July 12th were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.34%. The ex-dividend date of this dividend was Friday, July 12th. Marvell Technology’s payout ratio is -21.24%.

Insider Buying and Selling

In other Marvell Technology news, EVP Chris Koopmans sold 5,000 shares of the company’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $73.42, for a total transaction of $367,100.00. Following the completion of the sale, the executive vice president now directly owns 115,318 shares of the company’s stock, valued at $8,466,647.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, insider Muhammad Raghib Hussain sold 50,000 shares of the firm’s stock in a transaction on Monday, July 8th. The stock was sold at an average price of $75.00, for a total value of $3,750,000.00. Following the completion of the sale, the insider now owns 838,571 shares of the company’s stock, valued at $62,892,825. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Chris Koopmans sold 5,000 shares of the company’s stock in a transaction on Monday, June 17th. The shares were sold at an average price of $73.42, for a total value of $367,100.00. Following the transaction, the executive vice president now directly owns 115,318 shares in the company, valued at $8,466,647.56. The disclosure for this sale can be found here. In the last quarter, insiders have sold 65,500 shares of company stock valued at $4,872,620. 0.33% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have weighed in on MRVL. Rosenblatt Securities reiterated a “buy” rating and set a $100.00 target price on shares of Marvell Technology in a research note on Thursday, August 22nd. KeyCorp lifted their target price on Marvell Technology from $90.00 to $95.00 and gave the company an “overweight” rating in a research note on Tuesday, July 9th. Stifel Nicolaus increased their price target on Marvell Technology from $86.00 to $90.00 and gave the stock a “buy” rating in a research report on Friday, May 31st. B. Riley increased their target price on Marvell Technology from $95.00 to $100.00 and gave the stock a “buy” rating in a research report on Friday, May 31st. Finally, StockNews.com cut Marvell Technology from a “hold” rating to a “sell” rating in a research note on Wednesday, May 15th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and nineteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $86.05.

Marvell Technology Company Profile

Marvell Technology, Inc, together with its subsidiaries, provides data infrastructure semiconductor solutions, spanning the data center core to network edge. The company develops and scales complex System-on-a-Chip architectures, integrating analog, mixed-signal, and digital signal processing functionality.