Marvell Technology (NASDAQ:MRVL) Shares Up 1.7% After Dividend Announcement

Shares of Marvell Technology, Inc. (NASDAQ:MRVL) shot up 1.7% on Monday following a dividend announcement from the company. The company traded as high as $75.93 and last traded at $75.53. 19,376,663 shares traded hands during mid-day trading, an increase of 1% from the average session volume of 19,249,684 shares. The stock had previously closed at $74.26.

The newly announced dividend which will be paid on Thursday, October 30th. Shareholders of record on Friday, October 10th will be issued a dividend of $0.06 per share. The ex-dividend date is Friday, October 10th. This represents a $0.24 dividend on an annualized basis and a yield of 0.3%. Marvell Technology’s dividend payout ratio is currently -184.62%.

Analysts Set New Price Targets

A number of research firms have weighed in on MRVL. The Goldman Sachs Group began coverage on Marvell Technology in a report on Thursday, July 10th. They set a “neutral” rating and a $75.00 target price for the company. Rosenblatt Securities decreased their price objective on Marvell Technology from $124.00 to $95.00 and set a “buy” rating for the company in a report on Friday, August 29th. KeyCorp decreased their price objective on Marvell Technology from $115.00 to $90.00 and set an “overweight” rating for the company in a report on Friday, May 30th. Wall Street Zen upgraded Marvell Technology from a “hold” rating to a “buy” rating in a report on Saturday, September 13th. Finally, Oppenheimer reiterated an “outperform” rating and set a $95.00 price objective on shares of Marvell Technology in a report on Friday, August 29th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Marvell Technology has a consensus rating of “Moderate Buy” and a consensus target price of $90.50.

Marvell Technology Price Performance

The company has a market cap of $65.11 billion, a PE ratio of -581.00, a price-to-earnings-growth ratio of 0.90 and a beta of 1.85. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.44 and a current ratio of 1.88. The stock has a 50 day moving average of $72.51 and a 200-day moving average of $67.25.

Marvell Technology (NASDAQ:MRVL) last issued its earnings results on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.67. The company had revenue of $2.01 billion during the quarter, compared to analyst estimates of $2.01 billion. Marvell Technology had a positive return on equity of 11.01% and a negative net margin of 1.43%.The firm’s quarterly revenue was up 57.6% on a year-over-year basis. During the same quarter last year, the business posted $0.30 EPS. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. Equities analysts predict that Marvell Technology, Inc. will post 0.91 earnings per share for the current year.

Insider Transactions at Marvell Technology

In related news, EVP Mark Casper sold 3,000 shares of the firm’s stock in a transaction on Friday, July 18th. The stock was sold at an average price of $72.35, for a total value of $217,050.00. Following the completion of the transaction, the executive vice president owned 17,163 shares in the company, valued at $1,241,743.05. This trade represents a 14.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.33% of the stock is owned by company insiders.

Institutional Investors Weigh In On Marvell Technology

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Westbourne Investments Inc. grew its position in Marvell Technology by 442.4% during the 2nd quarter. Westbourne Investments Inc. now owns 21,695 shares of the semiconductor company’s stock worth $1,679,000 after purchasing an additional 17,695 shares during the period. Family Legacy Financial Solutions LLC acquired a new stake in Marvell Technology during the 2nd quarter worth about $1,618,000. Siren L.L.C. grew its position in Marvell Technology by 636.2% during the 1st quarter. Siren L.L.C. now owns 36,808 shares of the semiconductor company’s stock worth $2,266,000 after purchasing an additional 31,808 shares during the period. Burr Financial Services LLC grew its position in Marvell Technology by 471.4% during the 2nd quarter. Burr Financial Services LLC now owns 37,085 shares of the semiconductor company’s stock worth $2,870,000 after purchasing an additional 30,595 shares during the period. Finally, Wesbanco Bank Inc. grew its position in Marvell Technology by 53.8% during the 2nd quarter. Wesbanco Bank Inc. now owns 68,615 shares of the semiconductor company’s stock worth $5,311,000 after purchasing an additional 24,000 shares during the period. 83.51% of the stock is owned by institutional investors and hedge funds.

About Marvell Technology

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.