Marvell Technology, Inc. (MRVL)
What You Need To Know Ahead of Marvell Technology's Earnings Report
Marvell Technology (MRVL) is set to report earnings for the first quarter of its 2025 fiscal year after the bell on Thursday, with investors likely watching for growth in the company's data center segment and any updates related to artificial intelligence (AI).
Marvell (MRVL) to Report Q1 Earnings: What's in the Offing?
Marvell's (MRVL) Q1 performance is likely to have been affected by weakness in its product demand as enterprises are postponing their large IT spending plans amid macroeconomic uncertainties.
Marvell (MRVL) Is Considered a Good Investment by Brokers: Is That True?
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
Unveiling Marvell (MRVL) Q1 Outlook: Wall Street Estimates for Key Metrics
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Marvell (MRVL), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended April 2024.
Earnings Preview: Marvell Technology (MRVL) Q1 Earnings Expected to Decline
Marvell (MRVL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Marvell Technology (MRVL) Stock Falls Amid Market Uptick: What Investors Need to Know
Marvell Technology (MRVL) reachead $73.30 at the closing of the latest trading day, reflecting a -1.57% change compared to its last close.
Taking Advantage Of Higher Implied Volatility On Marvell Stock
Implied volatility tends to spike ahead of earnings. That makes selling premium more attractive.
Beacon Pointe Advisors LLC Sells 4,360 Shares of Marvell Technology, Inc. (NASDAQ:MRVL)
Beacon Pointe Advisors LLC cut its stake in Marvell Technology, Inc. (NASDAQ:MRVL – Free Report) by 12.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,808 shares of the semiconductor company’s stock after selling 4,360 shares during the quarter. Beacon Pointe Advisors LLC’s holdings in Marvell Technology were worth $1,798,000 as of its most recent SEC filing. Other large investors also recently modified their holdings of the company. Yousif Capital Management LLC lifted its position in Marvell Technology by 3.2% during the third quarter. Yousif Capital Management LLC now owns 12,995 shares of the semiconductor company’s stock worth $703,000 after acquiring an additional 405 shares during the last quarter. Teacher Retirement System of Texas lifted its holdings in Marvell Technology by 36.3% during the 3rd quarter. Teacher Retirement System of Texas now owns 88,329 shares of the semiconductor company’s stock worth $4,781,000 after purchasing an additional 23,538 shares during the last quarter. M&T Bank Corp grew its holdings in Marvell Technology by 0.9% in the 3rd quarter. M&T Bank Corp now owns 78,452 shares of the semiconductor company’s stock valued at $4,247,000 after buying an additional 686 shares in the last quarter. California Public Employees Retirement System increased its position in Marvell Technology by 1.6% during the 3rd quarter. California Public Employees Retirement System now owns 1,566,801 shares of the semiconductor company’s stock worth $84,811,000 after buying an additional 24,301 shares during the period. Finally, Tokio Marine Asset Management Co. Ltd. lifted its holdings in shares of Marvell Technology by 8.5% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 20,361 shares of the semiconductor company’s stock worth $1,102,000 after buying an additional 1,600 shares in the last quarter. 83.51% of the stock is owned by institutional investors. Marvell Technology Trading Down 1.6 % Marvell Technology stock opened at $71.92 on Monday. The business has a 50 day moving average of $68.66 and a 200-day moving average of $64.71. Marvell Technology, Inc. has a 1 year low of $43.51 and a 1 year high of $85.76. The company has a quick ratio of 1.21, a current ratio of 1.69 and a debt-to-equity ratio of 0.27. Marvell Technology (NASDAQ:MRVL – Get Free Report) last issued its quarterly earnings results on Thursday, March 7th. The semiconductor company reported $0.46 earnings per share for the quarter, meeting the consensus estimate of $0.46. The company had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.42 billion. Marvell Technology had a positive return on equity of 4.96% and a negative net margin of 16.95%. The business’s quarterly revenue was up .6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.34 earnings per share. On average, analysts anticipate that Marvell Technology, Inc. will post 0.73 earnings per share for the current fiscal year. Marvell Technology Dividend Announcement The company also recently announced a quarterly dividend, which was paid on Wednesday, May 1st. Investors of record on Friday, April 12th were paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.33%. The ex-dividend date of this dividend was Thursday, April 11th. Marvell Technology’s dividend payout ratio is presently -22.22%. Marvell Technology declared that its Board of Directors has authorized a stock repurchase plan on Thursday, March 7th that authorizes the company to buyback $3.00 billion in outstanding shares. This buyback authorization authorizes the semiconductor company to repurchase up to 4.8% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its shares are undervalued. Wall Street Analysts Forecast Growth A number of research firms recently commented on MRVL. Citigroup reaffirmed a “buy” rating and set a $91.00 price target on shares of Marvell Technology in a research report on Wednesday, March 27th. TD Cowen raised their price objective on Marvell Technology from $75.00 to $90.00 and gave the stock an “outperform” rating in a research note on Friday, March 8th. B. Riley reaffirmed a “buy” rating and issued a $95.00 price objective (up from $85.00) on shares of Marvell Technology in a report on Monday, March 4th. Oppenheimer reissued an “outperform” rating and set a $80.00 target price (up from $70.00) on shares of Marvell Technology in a report on Thursday, February 29th. Finally, Jefferies Financial Group assumed coverage on Marvell Technology in a research report on Monday, May 13th. They issued a “buy” rating and a $85.00 price target on the stock. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and twenty-one have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $81.28. Get Our Latest Report on MRVL Insider Activity at Marvell Technology In related news, CFO Willem A. Meintjes sold 1,000 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $71.50, for a total value of $71,500.00. Following the transaction, the chief financial officer now directly owns 101,986 shares in the company, valued at approximately $7,291,999. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Marvell Technology news, CEO Matthew J. Murphy sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $66.17, for a total transaction of $1,985,100.00. Following the completion of the sale, the chief executive officer now directly owns 732,929 shares of the company’s stock, valued at approximately $48,497,911.93. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Willem A. Meintjes sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $71.50, for a total value of $71,500.00. Following the completion of the transaction, the chief financial officer now owns 101,986 shares in the company, valued at approximately $7,291,999. The disclosure for this sale can be found here. Insiders have sold a total of 110,500 shares of company stock worth $7,522,055 over the last quarter. Company insiders own 0.33% of the company’s stock. About Marvell Technology (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. Read More Five stocks we like better than Marvell Technology Health Care Stocks Explained: Why You Might Want to Invest Canada Goose Flies Higher Driven By DTC Growth Stock Average Calculator CVS Health Stock Has a Silver Lining Called Value How to invest in marijuana stocks in 7 steps Magnificent 7 Still Magnificent as the Halfway Mark Approaches?
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