In today’s recent session, 5.42 million shares of the Marvell Technology Inc (NASDAQ:MRVL) have been traded, and its beta is 1.65. Most recently the company’s share price was $87.07, and it changed around -$1.26 or -1.43% from the last close, which brings the market valuation of the company to $75.34B. MRVL at last check was trading at a discount to its 52-week high of $127.48, offering almost -46.41% off that amount. The share price’s 52-week low was $53.19, which indicates that the recent value has risen by an impressive 38.91% since then.
Marvell Technology Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.34. If we narrow it down even further, the data shows that 0 out of 38 analysts rate the stock as a Sell; another 9 rate it as Overweight. Among the rest, 3 recommended MRVL as a Hold, whereas 26 deemed it a Buy, and 0 rated it as Underweight.
Marvell Technology Inc (NASDAQ:MRVL) trade information
Instantly MRVL has been showing red trend so far today with a performance of -1.43% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 98.06 on recent trading dayincreased the stock’s daily price by 11.21%. The company’s shares are currently down -21.17% year-to-date, but still down -8.25% over the last five days. On the other hand, Marvell Technology Inc (NASDAQ:MRVL) is -23.33% down in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $120, which translates to bulls needing to increase their stock price by 27.44% from its current value. Analyst projections state that MRVL is forecast to be at a low of $91 and a high of $122.
Marvell Technology Inc (MRVL) estimates and forecasts
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -29.04%. Marvell Technology Inc earnings are expected to increase by 3.17% in 2025, but the outlook is positive 34.58% per year for the next five years.
MRVL Dividends
Marvell Technology Inc’s next quarterly earnings report is expected to be released in April. The annual dividend yield of the stock is 0.28 percent and its annual dividend per share was 0.24. It is important to note, however, that the 0.28% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.
Marvell Technology Inc (NASDAQ:MRVL)’s Major holders
VANGUARD GROUP INC, with 8.6023% or 74.41 million shares worth $5.2 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and Fidelity Blue Chip Growth Fund were the top two Mutual Funds as of Sep 30, 2024. The former held 27.44 shares worth $2.38 billion, making up 3.17% of all outstanding shares. On the other hand, Fidelity Blue Chip Growth Fund held roughly 23.44 shares worth around $2.04 billion, which represents about 2.71% of the total shares outstanding.
