Zacks Research Issues Positive Estimate for MRVL Earnings

Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) - Research analysts at Zacks Research lifted their Q1 2027 EPS estimates for shares of Marvell Technology in a report issued on Wednesday, March 19th. Zacks Research analyst R. Department now forecasts that the semiconductor company will earn $0.63 per share for the quarter, up from their prior estimate of $0.58. The consensus estimate for Marvell Technology's current full-year earnings is $0.91 per share. Zacks Research also issued estimates for Marvell Technology's Q2 2027 earnings at $0.64 EPS, Q3 2027 earnings at $0.73 EPS and FY2028 earnings at $3.49 EPS.

Other analysts also recently issued reports about the company. Cantor Fitzgerald increased their price target on Marvell Technology from $120.00 to $135.00 and gave the company an "overweight" rating in a report on Wednesday, December 4th. William Blair upgraded Marvell Technology to a "strong-buy" rating in a report on Wednesday, February 5th. Piper Sandler decreased their price target on Marvell Technology from $120.00 to $95.00 and set an "overweight" rating for the company in a report on Thursday, March 6th. Rosenblatt Securities reiterated a "buy" rating and set a $140.00 price objective on shares of Marvell Technology in a research note on Thursday, March 6th. Finally, Citigroup decreased their target price on shares of Marvell Technology from $136.00 to $122.00 and set a "buy" rating for the company in a research note on Thursday, March 6th. Three analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $120.44.

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Marvell Technology Trading Up 3.4 %

Shares of Marvell Technology stock traded up $2.37 during trading hours on Friday, hitting $72.76. The company's stock had a trading volume of 12,177,019 shares, compared to its average volume of 12,604,505. The business has a fifty day moving average of $98.21 and a 200 day moving average of $93.87. Marvell Technology has a 1-year low of $53.19 and a 1-year high of $127.48. The company has a quick ratio of 1.11, a current ratio of 1.60 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $63.01 billion, a PE ratio of -42.80, a P/E/G ratio of 1.61 and a beta of 1.42.

Institutional Trading of Marvell Technology

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Intrepid Financial Planning Group LLC boosted its holdings in Marvell Technology by 0.3% during the fourth quarter. Intrepid Financial Planning Group LLC now owns 25,890 shares of the semiconductor company's stock worth $2,860,000 after buying an additional 90 shares in the last quarter. PDS Planning Inc increased its stake in Marvell Technology by 3.3% in the 4th quarter. PDS Planning Inc now owns 2,888 shares of the semiconductor company's stock worth $319,000 after purchasing an additional 92 shares in the last quarter. Lodestone Wealth Management LLC raised its holdings in Marvell Technology by 2.0% during the 4th quarter. Lodestone Wealth Management LLC now owns 4,655 shares of the semiconductor company's stock worth $514,000 after buying an additional 93 shares during the period. Valley National Advisers Inc. lifted its stake in Marvell Technology by 0.4% during the fourth quarter. Valley National Advisers Inc. now owns 25,135 shares of the semiconductor company's stock valued at $2,775,000 after buying an additional 96 shares in the last quarter. Finally, Private Trust Co. NA increased its position in shares of Marvell Technology by 2.7% in the fourth quarter. Private Trust Co. NA now owns 3,744 shares of the semiconductor company's stock worth $414,000 after acquiring an additional 97 shares in the last quarter. Institutional investors own 83.51% of the company's stock.

Insider Transactions at Marvell Technology

In related news, CAO Panteha Dixon sold 1,430 shares of the stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $68.75, for a total value of $98,312.50. Following the completion of the transaction, the chief accounting officer now directly owns 31,100 shares of the company's stock, valued at $2,138,125. This represents a 4.40 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Mark Casper sold 2,500 shares of Marvell Technology stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $113.00, for a total value of $282,500.00. Following the sale, the executive vice president now directly owns 24,706 shares in the company, valued at $2,791,778. The trade was a 9.19 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 37,685 shares of company stock worth $4,026,768. Insiders own 0.33% of the company's stock.

Marvell Technology Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Friday, April 11th will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.33%. The ex-dividend date is Friday, April 11th. Marvell Technology's dividend payout ratio (DPR) is -23.53%.

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.