Zacks Research Has Strong Estimate for MRVL FY2025 Earnings

Marvell Technology, Inc. (NASDAQ:MRVL) – Equities researchers at Zacks Research raised their FY2025 earnings estimates for shares of Marvell Technology in a research report issued on Tuesday, December 17th. Zacks Research analyst R. Department now expects that the semiconductor company will post earnings per share of $0.92 for the year, up from their previous estimate of $0.77. The consensus estimate for Marvell Technology’s current full-year earnings is $0.89 per share.

Several other research firms have also weighed in on MRVL. The Goldman Sachs Group lifted their price target on Marvell Technology from $87.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. JPMorgan Chase & Co. lifted their target price on shares of Marvell Technology from $90.00 to $130.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. Piper Sandler reissued an “overweight” rating and set a $120.00 price target (up previously from $100.00) on shares of Marvell Technology in a research report on Wednesday, December 4th. Citigroup upped their price objective on Marvell Technology from $91.00 to $112.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. Finally, KeyCorp lifted their target price on Marvell Technology from $95.00 to $125.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. Three investment analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company’s stock. According to MarketBeat, Marvell Technology presently has an average rating of “Moderate Buy” and a consensus target price of $119.04.

Marvell Technology Trading Up 4.0 %

MRVL stock traded up $4.21 during trading on Thursday, reaching $109.49. The company had a trading volume of 5,155,859 shares, compared to its average volume of 12,590,066. The business has a 50 day moving average of $91.79 and a 200 day moving average of $77.46. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.60 and a quick ratio of 1.11. The company has a market cap of $94.74 billion, a P/E ratio of -64.41, a PEG ratio of 3.72 and a beta of 1.46. Marvell Technology has a 52 week low of $53.19 and a 52 week high of $126.15.

Institutional Investors Weigh In On Marvell Technology

Several hedge funds have recently modified their holdings of MRVL. Hennion & Walsh Asset Management Inc. increased its holdings in Marvell Technology by 41.8% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 11,561 shares of the semiconductor company’s stock valued at $808,000 after purchasing an additional 3,410 shares during the last quarter. Atria Wealth Solutions Inc. grew its stake in shares of Marvell Technology by 11.8% in the 2nd quarter. Atria Wealth Solutions Inc. now owns 43,734 shares of the semiconductor company’s stock valued at $3,057,000 after purchasing an additional 4,604 shares during the last quarter. Fifth Third Wealth Advisors LLC lifted its holdings in shares of Marvell Technology by 64.9% in the 2nd quarter. Fifth Third Wealth Advisors LLC now owns 5,360 shares of the semiconductor company’s stock valued at $375,000 after buying an additional 2,110 shares during the period. &PARTNERS increased its stake in Marvell Technology by 137.8% in the 2nd quarter. &PARTNERS now owns 14,715 shares of the semiconductor company’s stock valued at $1,029,000 after purchasing an additional 8,526 shares in the last quarter. Finally, Louisiana State Employees Retirement System raised its position in shares of Marvell Technology by 1.5% during the 2nd quarter. Louisiana State Employees Retirement System now owns 68,800 shares of the semiconductor company’s stock worth $4,809,000 after purchasing an additional 1,000 shares during the last quarter. 83.51% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Marvell Technology

In other news, CFO Willem A. Meintjes sold 1,500 shares of Marvell Technology stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $80.50, for a total transaction of $120,750.00. Following the completion of the sale, the chief financial officer now directly owns 110,253 shares in the company, valued at approximately $8,875,366.50. The trade was a 1.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Chris Koopmans sold 6,000 shares of the stock in a transaction on Monday, October 21st. The stock was sold at an average price of $80.77, for a total transaction of $484,620.00. Following the completion of the sale, the executive vice president now owns 109,244 shares in the company, valued at $8,823,637.88. The trade was a 5.21 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 175,000 shares of company stock worth $14,444,745. 0.33% of the stock is currently owned by company insiders.

Marvell Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 30th. Shareholders of record on Friday, January 10th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.22%. The ex-dividend date of this dividend is Friday, January 10th. Marvell Technology’s dividend payout ratio (DPR) is -14.12%.

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.