In the last trading session, 13.54 million Marvell Technology Inc (NASDAQ:MRVL) shares changed hands as the company’s beta touched 1.82. With the company’s per share price at $58.70 changed hands at -$0.22 or -0.37% during last session, the market valuation stood at $50.84B. MRVL’s last price was a discount, traded about -117.17% off its 52-week high of $127.48. The share price had its 52-week low at $47.08, which suggests the last value was 19.8% up since then. When we look at Marvell Technology Inc’s average trading volume, we note the 10-day average is 15.87 million shares, with the 3-month average coming to 18.98 million.
Analysts gave the Marvell Technology Inc (MRVL) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.26. If we narrow down to specifics, the data shows that 0 out of 27 analysts rate the stock as a Sell, with a further 1 assigning it an Overweight rating. Of the remaining, 2 recommended MRVL as a Hold, 24 felt it is a Buy and 0 rated the stock as Underweight. Marvell Technology Inc’s EPS for the current quarter is expected to be 0.61.
Marvell Technology Inc (NASDAQ:MRVL) trade information
Instantly MRVL was in red as seen at the end of in last trading. With action 18.87%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -46.85%, with the 5-day performance at 18.87% in the green. However, in the 30-day time frame, Marvell Technology Inc (NASDAQ:MRVL) is -9.50% down. Looking at the short shares, we see there were 26.66 million shares sold at short interest cover period of 1.39 days.
The consensus price target for the stock as assigned by Wall Street analysts is 110, meaning bulls need an upside of 46.64% from its current market value. According to analyst projections, MRVL’s forecast low is 90 with 122 as the target high. To hit the forecast high, the stock’s price needs a -107.84% plunge from its current level, while the stock would need to soar -53.32% for it to hit the projected low.
Marvell Technology Inc (MRVL) estimates and forecasts
Year-over-year growth is forecast to reach 42.40% up from the last financial year.
Consensus estimates given by 28 financial analysts project the company’s revenue in the current quarter to hit an average of 1.88B. 27 analysts are of the opinion that Marvell Technology Inc’s revenue for the current quarter will be 1.99B. The company’s revenue for the corresponding quarters a year ago was 1.16B and 1.27B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 61.87%. The estimates for the next quarter sales put growth at 56.07%.
The 2025 estimates are for Marvell Technology Inc earnings to increase by 78.20%, but the outlook for the next 5-year period is at 41.95% per year.
MRVL Dividends
Marvell Technology Inc is expected to release its next quarterly earnings report on 2025-Mar-04. The 0.41% annual yield figure for the share gives it an annual dividend of 0.24. It is important to note, however, that the 0.41% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 0.45 per year.
Marvell Technology Inc (NASDAQ:MRVL)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.40% of Marvell Technology Inc shares while 89.13% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 89.49%. There are 89.13% institutions holding the Marvell Technology Inc stock share, with FMR LLC the top institutional holder. As of 2024-06-30, the company held 15.0021% of the shares, roughly 129.87 million MRVL shares worth $9.08 billion.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 8.5953% or 74.41 million shares worth $5.2 billion as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and Fidelity Securities Fund-Fidelity Blue Chip Growth Fund . With 27.14 shares estimated at $1.59 billion under it, the former controlled 3.13% of total outstanding shares. On the other hand, Fidelity Securities Fund-Fidelity Blue Chip Growth Fund held about 2.48% of the shares, roughly 21.46 shares worth around $1.26 billion.
