Is Marvell Technology Inc. (NASDAQ: MRVL) Worth Much? What Should Investors Do? – Marketing Sentinel
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Is Marvell Technology Inc. (NASDAQ: MRVL) Worth Much? What Should Investors Do?

During the recent session, Marvell Technology Inc. (NASDAQ:MRVL)’s traded shares were 1.59 million, with the beta value of the company hitting 1.35. At the last check today, the stock’s price was $46.72, reflecting an intraday gain of 0.71% or $0.33. The 52-week high for the MRVL share is $93.85, that puts it down -100.88 from that peak though still a striking 6.51% gain since the share price plummeted to a 52-week low of $43.68. The company’s market capitalization is $38.57B, and the average trade volume was 10.20 million shares over the past three months.

Marvell Technology Inc. (MRVL) received a consensus recommendation of a Buy from analysts. That translates to a mean rating of 1.90. MRVL has a Sell rating from 0 analyst(s) out of 32 analysts who have looked at this stock. 4 analyst(s) recommend to Hold the stock while 3 suggest Overweight, and 25 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $0.51.

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Marvell Technology Inc. (NASDAQ:MRVL) trade information

Marvell Technology Inc. (MRVL) registered a 0.71% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 0.71% in intraday trading to $46.72 this Wednesday, 06/22/22, hitting a weekly high. The stock’s 5-day price performance is -4.39%, and it has moved by -14.20% in 30 days. Based on these gigs, the overall price performance for the year is -14.66%.

The consensus price target of analysts on Wall Street is $86.03, which implies an increase of 45.69% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $62.00 and $125.00 respectively. As a result, MRVL is trading at a discount of -167.55% off the target high and -32.71% off the low.

Marvell Technology Inc. (MRVL) estimates and forecasts

Statistics show that Marvell Technology Inc. has outperformed its competitors in share price, compared to the industry in which it operates. Marvell Technology Inc. (MRVL) shares have gone down -44.89% during the last six months, with a year-to-date growth rate more than the industry average at 49.04% against 14.10. Yet analysts are ramping up their growth forecast for the fiscal year 2022. Revenue is predicted to grow 75.90% this quarter and then jump 61.80% in the quarter after that. In the rating firms’ projections, revenue will increase 36.80% compared to the previous financial year.

Revenue for the current quarter is expected to be $1.43 billion as predicted by 24 analyst(s). Meanwhile, a consensus of 24 analyst(s) estimates revenue growth to $1.49 billion by the end of Jul 2022.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -41.40%. While earnings are projected to return -27.40% in 2022, the next five years will return 42.14% per annum.

MRVL Dividends

Marvell Technology Inc. is due to release its next quarterly earnings between March 01 and March 07. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Marvell Technology Inc. is 0.24, with the dividend yield indicating at 0.52 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 0.88%.

Marvell Technology Inc. (NASDAQ:MRVL)’s Major holders

Marvell Technology Inc. insiders own 0.58% of total outstanding shares while institutional holders control 84.44%, with the float percentage being 84.93%. FMR, LLC is the largest shareholder of the company, while 1,272 institutions own stock in it. As of Dec 30, 2021, the company held over 120.73 million shares (or 14.19% of all shares), a total value of $10.56 billion in shares.

The next largest institutional holding, with 70.47 million shares, is of Blackrock Inc.’s that is approximately 8.28% of outstanding shares. At the market price on Mar 30, 2022, these shares were valued at $5.05 billion.

Also, the Mutual Funds coming in first place with the largest holdings of Marvell Technology Inc. (MRVL) shares are Fidelity Blue Chip Growth Fund and Vanguard Total Stock Market Index Fund. Data provided on Feb 27, 2022 indicates that Fidelity Blue Chip Growth Fund owns about 24.39 million shares. This amounts to just over 2.87 percent of the company’s overall shares, with a $1.67 billion market value. The same data shows that the other fund manager holds slightly less at 23.41 million, or about 2.75% of the stock, which is worth about $2.05 billion.

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