Marvell Technology (NASDAQ:MRVL) Trading Down 2%

Marvell Technology's stock fell 2% on Thursday, trading at $98.19. Analysts have mixed ratings, with some increasing target prices. The company reported better-than-expected quarterly earnings and announced a $5 billion share buyback plan. Insider purchases by CEO and CFO indicate confidence in undervaluation. The stock's average rating is 'Moderate Buy' with a consensus price target of $111.00.

Marvell Technology, Inc. (NASDAQ:MRVL - Get Free Report)'s stock price traded down 2% during trading on Thursday . The stock traded as low as $97.18 and last traded at $98.19. 23,898,774 shares traded hands during mid-day trading, an increase of 23% from the average session volume of 19,365,227 shares. The stock had previously closed at $100.20.

Get Marvell Technology alerts:

Analysts Set New Price Targets

Marvell's Rally Extends: Data Centers and AMZN Chips Boost Shares

A number of research firms have weighed in on MRVL. Needham & Company LLC upped their target price on Marvell Technology from $95.00 to $120.00 and gave the stock a "buy" rating in a report on Wednesday. HSBC began coverage on Marvell Technology in a research note on Monday, November 24th. They issued a "hold" rating and a $85.00 price target on the stock. Bank of America reaffirmed a "neutral" rating and issued a $78.00 target price (down from $90.00) on shares of Marvell Technology in a research report on Friday, August 29th. Rosenblatt Securities reaffirmed a "buy" rating and set a $95.00 price objective on shares of Marvell Technology in a research report on Monday. Finally, Evercore ISI upped their target price on shares of Marvell Technology from $122.00 to $156.00 and gave the stock an "outperform" rating in a research note on Wednesday. Three analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and fourteen have assigned a Hold rating to the company. According to MarketBeat.com, Marvell Technology has an average rating of "Moderate Buy" and a consensus price target of $111.00.

Get Our Latest Stock Report on Marvell Technology

Marvell Technology Stock Down 2.0%

Beyond NVIDIA: 5 Semiconductor Stocks Set to Dominate 2026

The company's 50-day simple moving average is $87.15 and its two-hundred day simple moving average is $76.77. The firm has a market capitalization of $84.65 billion, a P/E ratio of -755.31, a P/E/G ratio of 1.10 and a beta of 1.93. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.88 and a quick ratio of 1.44.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last posted its quarterly earnings data on Tuesday, December 2nd. The semiconductor company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.74 by $0.02. The firm had revenue of $2.07 billion during the quarter, compared to analyst estimates of $2.06 billion. Marvell Technology had a positive return on equity of 11.01% and a negative net margin of 1.43%.Marvell Technology's revenue was up 36.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.43 EPS. Marvell Technology has set its Q4 2026 guidance at 0.740-0.840 EPS. As a group, research analysts expect that Marvell Technology, Inc. will post 0.91 earnings per share for the current year.

Marvell Technology Announces Dividend

How Semtech’s Data Center Chips Are Powering the AI Boom

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 30th. Stockholders of record on Friday, October 10th were given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend was Friday, October 10th. Marvell Technology's payout ratio is presently 8.42%.

Marvell Technology declared that its Board of Directors has initiated a share buyback plan on Wednesday, September 24th that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes 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 management believes its stock is undervalued.

Insider Activity

In other news, CEO Matthew J. Murphy acquired 13,600 shares of Marvell Technology stock in a transaction dated Thursday, September 25th. The stock was purchased at an average cost of $77.09 per share, with a total value of $1,048,424.00. Following the completion of the purchase, the chief executive officer directly owned 268,637 shares in the company, valued at approximately $20,709,226.33. This trade represents a 5.33% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Willem A. Meintjes bought 3,400 shares of the company's stock in a transaction that occurred on Thursday, September 25th. The stock was purchased at an average cost of $78.03 per share, with a total value of $265,302.00. Following the acquisition, the chief financial officer directly owned 132,159 shares in the company, valued at $10,312,366.77. This trade represents a 2.64% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have purchased a total of 27,200 shares of company stock worth $2,109,632 in the last quarter. 0.19% of the stock is currently owned by insiders.

Institutional Trading of Marvell Technology

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Taylor Frigon Capital Management LLC raised its position in shares of Marvell Technology by 16.5% during the 2nd quarter. Taylor Frigon Capital Management LLC now owns 33,605 shares of the semiconductor company's stock valued at $2,601,000 after buying an additional 4,748 shares in the last quarter. Waterfront Wealth Inc. increased its stake in Marvell Technology by 21.5% during the second quarter. Waterfront Wealth Inc. now owns 18,394 shares of the semiconductor company's stock worth $1,424,000 after acquiring an additional 3,258 shares during the last quarter. BOCHK Asset Management Ltd purchased a new stake in Marvell Technology during the second quarter valued at approximately $1,486,000. Westbourne Investments Inc. lifted its stake in shares of Marvell Technology by 442.4% in the 2nd quarter. Westbourne Investments Inc. now owns 21,695 shares of the semiconductor company's stock valued at $1,679,000 after purchasing an additional 17,695 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Marvell Technology in the 2nd quarter worth approximately $716,713,000. Institutional investors own 83.51% of the company's stock.

Marvell Technology Company Profile

(Get Free Report)

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.

Should You Invest $1,000 in Marvell Technology Right Now?

Before you consider Marvell Technology, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Marvell Technology wasn't on the list.

While Marvell Technology currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Marvell Technology (NASDAQ:MRVL) Trading Down 2% - Here's What Happened