Marvell Technology Inc (NASDAQ:MRVL) has a beta value of 1.75 and has seen 7.88 million shares traded in the recent trading session. The company, currently valued at $57.17B, closed the recent trade at $66.07 per share which meant it gained $0.4 on the day or 0.62% during that session. The MRVL stock price is -92.95% off its 52-week high price of $127.48 and 19.49% above the 52-week low of $53.19.
The consensus among analysts is that Marvell Technology Inc (MRVL) is Buy stock at the moment, with a recommendation rating of 1.34. 0 analysts rate the stock as a Sell, while 1 rate it as Overweight. 2 out of 27 have rated it as a Hold, with 24 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.61.
Marvell Technology Inc (NASDAQ:MRVL) trade information
Sporting 0.62% in the green today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the MRVL stock price touched $66.07 or saw a rise of 27.19%. Year-to-date, Marvell Technology Inc shares have moved -40.18%, while the 5-day performance has seen it change -25.20%. Over the past 30 days, the shares of Marvell Technology Inc (NASDAQ:MRVL) have changed -40.27%.
Wall Street analysts have a consensus price target for the stock at $105, which means that the shares’ value could jump 37.08% from the levels at last check today. The projected low price target is $90.0 while the price target rests at a high of $122.0. In that case, then, we find that the latest price level in today’s session is -84.65% off the targeted high while a plunge would see the stock gain -36.22% from the levels at last check today.
Marvell Technology Inc (MRVL) estimates and forecasts
The company’s shares have lost -0.19% over the past 6 months. Revenue growth from the last financial year stood is estimated to be 42.44%.
29 analysts offering their estimates for the company have set an average revenue estimate of 1.88B for the current quarter. 28 have an estimated revenue figure of 1.99B for the next ending quarter. Year-ago sales stood 1.16B and 1.27B respectively for this quarter and the next, and analysts expect sales will grow by 61.60% for the current quarter and 42.44% for the next.
Earnings growth for 2025 is a modest 79.25% while over the next 5 years, the company’s earnings are expected to increase by 43.10%.
MRVL Dividends
Marvell Technology Inc is expected to release its next earnings report in April this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.24 at a share yield of 0.36%. The company’s dividend yield has gone up over the past 12 months.
Marvell Technology Inc (NASDAQ:MRVL)’s Major holders
The top two institutional holders are FMR LLC with over 129.87 million shares worth more than $9.08 billion. As of 2024-06-30, FMR LLC held 15.0142% of shares outstanding.
The other major institutional holder is VANGUARD GROUP INC, with the holding of over 74.41 million shares as of 2024-06-30. The firm’s total holdings are worth over $5.2 billion and represent 8.6023% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Fidelity Blue Chip Growth Fund. As of Dec 31, 2024, the former fund manager holds about 3.14% shares in the company for having 27.14 shares of worth $1.8 billion while later fund manager owns 23.44 shares of worth $1.56 billion as of Dec 31, 2024, which makes it owner of about 2.71% of company’s outstanding stock.
