Marvell Technology, Inc. (NASDAQ:MRVL) Given Average Recommendation of “Moderate Buy” by Analysts

Marvell Technology, Inc. (NASDAQ:MRVL) has been assigned a consensus rating of “Moderate Buy” from the thirty-seven brokerages that are presently covering the stock, MarketBeat.com reports. Fourteen analysts have rated the stock with a hold rating, twenty have given a buy rating and three have assigned a strong buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $94.4063.

MRVL has been the subject of a number of recent research reports. TD Cowen reissued a “hold” rating and set a $85.00 price target (down from $90.00) on shares of Marvell Technology in a research report on Wednesday, October 1st. HSBC assumed coverage on shares of Marvell Technology in a report on Monday. They set a “hold” rating and a $85.00 target price for the company. Roth Capital restated a “buy” rating on shares of Marvell Technology in a research note on Wednesday, October 15th. Susquehanna raised their price objective on Marvell Technology from $80.00 to $100.00 and gave the company a “positive” rating in a research report on Tuesday. Finally, Barclays reiterated an “equal weight” rating and set a $80.00 price objective on shares of Marvell Technology in a research note on Monday, October 20th.

Marvell Technology Trading Down 0.4%

NASDAQ MRVL opened at $83.43 on Wednesday. The firm has a market capitalization of $71.93 billion, a PE ratio of -641.77, a P/E/G ratio of 1.10 and a beta of 1.95. The stock’s 50 day moving average is $85.16 and its 200 day moving average is $75.73. Marvell Technology has a twelve month low of $47.08 and a twelve month high of $127.48. The company has a quick ratio of 1.44, a current ratio of 1.88 and a debt-to-equity ratio of 0.30.

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

Marvell Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 30th. Investors of record on Friday, October 10th were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Friday, October 10th. Marvell Technology’s dividend payout ratio is -184.62%.

Marvell Technology announced that its board has authorized a share repurchase plan on Wednesday, September 24th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the semiconductor company to purchase up to 7.8% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its shares are undervalued.

Insider Activity

In other news, COO Chris Koopmans bought 6,800 shares of the company’s stock in a transaction dated Thursday, September 25th. The shares were purchased at an average price of $78.03 per share, for a total transaction of $530,604.00. Following the completion of the purchase, the chief operating officer owned 104,825 shares in the company, valued at approximately $8,179,494.75. This represents a 6.94% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Willem A. Meintjes purchased 3,400 shares of the business’s stock in a transaction dated Thursday, September 25th. The shares were purchased at an average price of $78.03 per share, for a total transaction of $265,302.00. Following the acquisition, the chief financial officer owned 132,159 shares of the company’s stock, valued at approximately $10,312,366.77. The trade was a 2.64% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired a total of 27,200 shares of company stock valued at $2,109,632 over the last ninety days. 0.19% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Financial Connections Group Inc. increased its holdings in Marvell Technology by 776.0% in the 1st quarter. Financial Connections Group Inc. now owns 438 shares of the semiconductor company’s stock worth $27,000 after buying an additional 388 shares in the last quarter. Game Plan Financial Advisors LLC purchased a new stake in shares of Marvell Technology during the 2nd quarter valued at about $27,000. Atlantic Edge Private Wealth Management LLC grew its stake in shares of 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 worth $27,000 after acquiring an additional 200 shares during the period. Vision Financial Markets LLC bought a new stake in shares of Marvell Technology in the first quarter worth approximately $28,000. Finally, Kiker Wealth Management LLC raised its holdings in shares of Marvell Technology by 374.7% during the second quarter. Kiker Wealth Management LLC now owns 356 shares of the semiconductor company’s stock valued at $28,000 after purchasing an additional 281 shares during the last quarter. Hedge funds and other institutional investors own 83.51% of the company’s stock.

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.