Key Points
- EVP Mark Casper sold 1,253 shares at an average price of $101 on Dec. 5 for $126,553, cutting his position by 12.19% to 9,023 shares; the transaction was disclosed in an SEC Form 4 filing.
- Marvell beat Q3 estimates with $0.76 EPS (vs. $0.74 consensus) and $2.07 billion in revenue, up 36.8% year‑over‑year, and set Q4 guidance of $0.740–0.840 EPS.
- The board authorized a $5.0 billion share repurchase program (allowing buybacks of up to ~7.8% of shares) and the company pays a quarterly dividend of $0.06 (about a 0.3% yield).
Marvell Technology, Inc. (NASDAQ:MRVL - Get Free Report) EVP Mark Casper sold 1,253 shares of the company's stock in a transaction on Friday, December 5th. The shares were sold at an average price of $101.00, for a total transaction of $126,553.00. Following the sale, the executive vice president directly owned 9,023 shares in the company, valued at $911,323. This trade represents a 12.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
Marvell Technology Stock Down 7.0%
Marvell Technology stock opened at $92.00 on Tuesday. Marvell Technology, Inc. has a 1-year low of $47.08 and a 1-year high of $127.48. The company has a current ratio of 2.01, a quick ratio of 1.64 and a debt-to-equity ratio of 0.28. The firm's fifty day moving average price is $87.94 and its two-hundred day moving average price is $77.62. The firm has a market capitalization of $78.03 billion, a price-to-earnings ratio of 32.28, a price-to-earnings-growth ratio of 0.96 and a beta of 1.93.
Marvell Technology (NASDAQ:MRVL - Get Free Report) last released its quarterly earnings results on Tuesday, December 2nd. The semiconductor company reported $0.76 earnings per share for the quarter, beating analysts' consensus estimates of $0.74 by $0.02. The company had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.06 billion. Marvell Technology had a net margin of 31.75% and a return on equity of 13.15%. The firm's revenue was up 36.8% on a year-over-year basis. During the same period last year, the firm earned $0.43 earnings per share. Marvell Technology has set its Q4 2026 guidance at 0.740-0.840 EPS. On average, equities research analysts predict that Marvell Technology, Inc. will post 0.91 earnings per share for the current fiscal year.
Marvell Technology Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 30th. Investors of record on Friday, October 10th were paid a $0.06 dividend. The ex-dividend date was Friday, October 10th. This represents a $0.24 annualized dividend and a yield of 0.3%. Marvell Technology's dividend payout ratio is presently 8.42%.
Marvell Technology declared that its board has authorized a stock repurchase program on Wednesday, September 24th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the semiconductor company to reacquire up to 7.8% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's board believes its shares are undervalued.
Institutional Trading of Marvell Technology
Hedge funds have recently added to or reduced their stakes in the business. Game Plan Financial Advisors LLC bought a new position in Marvell Technology during the 2nd quarter worth approximately $27,000. Atlantic Edge Private Wealth Management LLC increased its position in shares of Marvell Technology by 160.0% in the third quarter. Atlantic Edge Private Wealth Management LLC now owns 325 shares of the semiconductor company's stock valued at $27,000 after acquiring an additional 200 shares during the period. Kiker Wealth Management LLC boosted its holdings in shares of Marvell Technology by 374.7% during the second quarter. Kiker Wealth Management LLC now owns 356 shares of the semiconductor company's stock worth $28,000 after purchasing an additional 281 shares during the period. Nova Wealth Management Inc. boosted its holdings in shares of Marvell Technology by 3,922.2% during the third quarter. Nova Wealth Management Inc. now owns 362 shares of the semiconductor company's stock worth $30,000 after purchasing an additional 353 shares during the period. Finally, Westside Investment Management Inc. grew its stake in shares of Marvell Technology by 62.5% in the second quarter. Westside Investment Management Inc. now owns 416 shares of the semiconductor company's stock worth $32,000 after purchasing an additional 160 shares during the last quarter. 83.51% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of analysts recently issued reports on MRVL shares. HSBC started coverage on Marvell Technology in a report on Monday, November 24th. They set a "hold" rating and a $85.00 price objective on the stock. Wells Fargo & Company boosted their price objective on shares of Marvell Technology from $90.00 to $135.00 and gave the company an "overweight" rating in a research note on Wednesday, December 3rd. Oppenheimer reissued an "outperform" rating and issued a $150.00 price target (up from $115.00) on shares of Marvell Technology in a report on Wednesday, December 3rd. UBS Group set a $100.00 price target on shares of Marvell Technology in a research report on Wednesday, December 3rd. Finally, 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 research note on Wednesday, December 3rd. Three research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and fifteen have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $111.56.
Check Out Our Latest Report on MRVL
About Marvell Technology
(
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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.
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