Marvell Technology (NASDAQ:MRVL) Given Hold Rating at Benchmark

Benchmark reiterated their hold rating on shares of Marvell Technology (NASDAQ:MRVLFree Report) in a research report sent to investors on Tuesday morning, MarketBeat reports.

Several other analysts have also commented on the company. Citigroup reissued a “buy” rating on shares of Marvell Technology in a report on Monday, December 22nd. Summit Insights upgraded Marvell Technology from a “hold” rating to a “buy” rating in a research report on Wednesday, December 3rd. Piper Sandler set a $110.00 price target on shares of Marvell Technology in a report on Wednesday, December 3rd. Jefferies Financial Group upped their price objective on shares of Marvell Technology from $80.00 to $120.00 and gave the stock a “buy” rating in a research report on Wednesday, December 3rd. Finally, Barclays lifted their target price on shares of Marvell Technology from $80.00 to $105.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 3rd. Three analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $115.31.

View Our Latest Analysis on MRVL

Marvell Technology Stock Down 4.0%

MRVL stock opened at $75.54 on Tuesday. Marvell Technology has a one year low of $47.08 and a one year high of $121.81. 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 fifty day moving average is $85.65 and its 200 day moving average is $81.56. The firm has a market cap of $64.07 billion, a PE ratio of 26.51, a P/E/G ratio of 0.58 and a beta of 1.97.

Marvell Technology (NASDAQ:MRVLGet Free Report) last posted its earnings results on Tuesday, December 2nd. The semiconductor company reported $0.76 earnings per share (EPS) for the quarter, topping 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 business had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.06 billion. During the same period in the prior year, the company posted $0.43 EPS. The company’s revenue for the quarter was up 36.8% on a year-over-year basis. Marvell Technology has set its Q4 2026 guidance at 0.740-0.840 EPS. On average, research analysts forecast that Marvell Technology will post 0.91 EPS for the current year.

Marvell Technology Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 29th. Stockholders of record on Friday, January 9th were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend was Friday, January 9th. Marvell Technology’s dividend payout ratio (DPR) is currently 8.42%.

Insiders Place Their Bets

In related news, EVP Mark Casper sold 5,000 shares of the company’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $93.08, for a total transaction of $465,400.00. Following the completion of the sale, the executive vice president owned 19,418 shares of the company’s stock, valued at approximately $1,807,427.44. This represents a 20.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.33% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in MRVL. Laurel Wealth Advisors LLC acquired a new stake in shares of Marvell Technology in the fourth quarter valued at approximately $25,000. Game Plan Financial Advisors LLC purchased a new stake in Marvell Technology in the 2nd quarter valued at $27,000. Atlantic Edge Private Wealth Management LLC increased its stake in shares of Marvell Technology by 160.0% in the 3rd 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 last quarter. Kiker Wealth Management LLC raised its holdings in shares of Marvell Technology by 374.7% during the 2nd quarter. Kiker Wealth Management LLC now owns 356 shares of the semiconductor company’s stock worth $28,000 after acquiring an additional 281 shares during the period. Finally, Nova Wealth Management Inc. raised its holdings in shares of Marvell Technology by 3,922.2% during the 3rd quarter. Nova Wealth Management Inc. now owns 362 shares of the semiconductor company’s stock worth $30,000 after acquiring an additional 353 shares during the period. 83.51% of the stock is currently owned by institutional investors and hedge funds.

Key Marvell Technology News

Here are the key news stories impacting Marvell Technology this week:

About Marvell Technology

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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.

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Analyst Recommendations for Marvell Technology (NASDAQ:MRVL)

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