During the recent session, Marvell Technology Inc (NASDAQ:MRVL)’s traded shares were 1.53 million, with the beta value of the company hitting 1.41. At the last check today, the stock’s price was $125.67, reflecting an intraday loss of -0.31% or -$0.39. The 52-week high for the MRVL share is $127.48, that puts it down -1.44 from that peak though still a striking 57.67% gain since the share price plummeted to a 52-week low of $53.19. The company’s market capitalization is $108.74B, and the average intraday trading volume over the past 10 days was 10.57 million shares, and the average trade volume was 13.03 million shares over the past three months.
Marvell Technology Inc (MRVL) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.38. MRVL has a Sell rating from 0 analyst(s) out of 27 analysts who have looked at this stock. 2 analyst(s) recommend to Hold the stock while 1 suggest Overweight, and 24 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 0.59.
Marvell Technology Inc (NASDAQ:MRVL) trade information
Marvell Technology Inc (MRVL) registered a -0.31% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -0.31% in intraday trading to $125.67, hitting a weekly high. The stock’s 5-day price performance is 6.88%, and it has moved by 12.31% in 30 days. Based on these gigs, the overall price performance for the year is 78.00%. The short interest in Marvell Technology Inc (NASDAQ:MRVL) is 20.36 million shares and it means that shorts have 1.92 day(s) to cover.
The consensus price target of analysts on Wall Street is $107.5, which implies a decrease of -16.9% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $85 and $122 respectively. As a result, MRVL is trading at a premium of 2.92% off the target high and 32.36% 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 up 95.29% during the last six months, with a year-to-date growth rate more than the industry average at 3.31% against -5.20. In the rating firms’ projections, revenue will increase 4.34% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 1.8B as predicted by 28 analyst(s). Meanwhile, a consensus of 26 analyst(s) estimates revenue growth to 1.87B by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 1.43B and 1.16B respectively. In this case, analysts expect current quarter sales to grow by 25.90% and then jump by 60.90% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -29.04%. While earnings are projected to return 3.10% in 2025, the next five years will return 33.65% per annum.
MRVL Dividends
Marvell Technology Inc is due to release its next quarterly earnings in February. 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 0.19 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 0.5%.
Marvell Technology Inc (NASDAQ:MRVL)’s Major holders
Marvell Technology Inc insiders own 0.48% of total outstanding shares while institutional holders control 89.39%, with the float percentage being 89.82%. FMR LLC is the largest shareholder of the company, while 1596.0 institutions own stock in it. As of 2024-06-30, the company held over 129.87 million shares (or 15.0142% of all shares), a total value of $9.08 billion in shares.
The next largest institutional holding, with 74.41 million shares, is of VANGUARD GROUP INC’s that is approximately 8.6023% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $5.2 billion.
Also, the Mutual Funds coming in first place with the largest holdings of Marvell Technology Inc (MRVL) shares are Vanguard Total Stock Market Index Fund and Fidelity Blue Chip Growth Fund. Data provided on Sep 30, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 27.44 shares. This amounts to just over 3.17 percent of the company’s overall shares, with a $3.46 billion market value. The same data shows that the other fund manager holds slightly less at 25.4, or about 2.94% of the stock, which is worth about $3.21 billion.
