Marvell Technology (NASDAQ:MRVL) Receives “Neutral” Rating from Cantor Fitzgerald

Cantor Fitzgerald reaffirmed their neutral rating on shares of Marvell Technology (NASDAQ:MRVL) in a research note published on Tuesday morning,Benzinga reports. They currently have a $100.00 price objective on the semiconductor company’s stock.

Other analysts also recently issued reports about the company. Raymond James Financial reissued a “strong-buy” rating on shares of Marvell Technology in a research report on Tuesday, January 6th. Rosenblatt Securities decreased their price objective on Marvell Technology from $120.00 to $115.00 and set a “buy” rating for the company in a report on Tuesday, February 3rd. HSBC assumed coverage on Marvell Technology in a research note on Monday, November 24th. They issued a “hold” rating and a $85.00 price objective on the stock. Susquehanna set a $120.00 target price on shares of Marvell Technology and gave the stock a “positive” rating in a research note on Wednesday, December 3rd. Finally, UBS Group lowered their price target on shares of Marvell Technology from $120.00 to $115.00 and set a “buy” rating on the stock in a research report on Tuesday, February 3rd. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $115.16.

Marvell Technology Trading Up 0.5%

NASDAQ MRVL opened at $79.01 on Tuesday. The business’s fifty day moving average is $82.88 and its 200-day moving average is $81.79. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.01 and a quick ratio of 1.64. The stock has a market capitalization of $66.94 billion, a price-to-earnings ratio of 27.72, a PEG ratio of 0.62 and a beta of 1.97. Marvell Technology has a one year low of $47.08 and a one year high of $112.50.

Marvell Technology (NASDAQ:MRVL) last posted its quarterly earnings data on Tuesday, December 2nd. The semiconductor company reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.02. The business had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $2.06 billion. Marvell Technology had a net margin of 31.75% and a return on equity of 13.15%. The firm’s quarterly revenue was up 36.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.43 earnings per share. Marvell Technology has set its Q4 2026 guidance at 0.740-0.840 EPS. Equities research analysts predict that Marvell Technology will post 0.91 EPS for the current year.

Marvell Technology Announces Dividend

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

Insider Buying and Selling

In related news, EVP Mark Casper sold 5,000 shares of the business’s stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $93.08, for a total transaction of $465,400.00. Following the completion of the transaction, the executive vice president directly owned 19,418 shares in the company, valued at $1,807,427.44. The trade was a 20.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.33% of the stock is currently owned by insiders.

Institutional Trading of Marvell Technology

A number of large investors have recently modified their holdings of the business. Guggenheim Capital LLC increased its position in shares of Marvell Technology by 5.7% in the fourth quarter. Guggenheim Capital LLC now owns 442,061 shares of the semiconductor company’s stock worth $37,566,000 after purchasing an additional 23,917 shares during the last quarter. Caisse de depot et placement du Quebec purchased a new position in Marvell Technology in the 4th quarter worth approximately $12,025,000. Bank OZK increased its holdings in shares of Marvell Technology by 3.8% in the 4th quarter. Bank OZK now owns 31,900 shares of the semiconductor company’s stock worth $2,711,000 after buying an additional 1,161 shares during the last quarter. AQR Capital Management LLC raised its position in shares of Marvell Technology by 397.3% during the 4th quarter. AQR Capital Management LLC now owns 2,172,943 shares of the semiconductor company’s stock valued at $184,657,000 after buying an additional 1,736,006 shares in the last quarter. Finally, GAM Holding AG purchased a new stake in shares of Marvell Technology during the 4th quarter valued at $265,000. Institutional investors own 83.51% of the company’s stock.

Marvell Technology Company Profile

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.