Analysts Offer Predictions for MRVL FY2025 Earnings

Marvell Technology, Inc. (NASDAQ:MRVL) – Cantor Fitzgerald issued their FY2025 earnings estimates for Marvell Technology in a report released on Tuesday, January 21st. Cantor Fitzgerald analyst C. Muse anticipates that the semiconductor company will post earnings per share of $0.91 for the year. Cantor Fitzgerald currently has a “Overweight” rating and a $135.00 price objective on the stock. The consensus estimate for Marvell Technology’s current full-year earnings is $0.90 per share.

A number of other research analysts have also weighed in on the company. Susquehanna increased their price objective on Marvell Technology from $110.00 to $125.00 and gave the company a “positive” rating in a report on Wednesday, December 4th. Wells Fargo & Company raised their price target on shares of Marvell Technology from $130.00 to $140.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Oppenheimer upped their price objective on shares of Marvell Technology from $110.00 to $125.00 and gave the company an “outperform” rating in a report on Wednesday, December 4th. TD Cowen boosted their target price on shares of Marvell Technology from $90.00 to $125.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. Finally, The Goldman Sachs Group boosted their target price on shares of Marvell Technology from $115.00 to $131.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Three equities research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $125.38.

Marvell Technology Stock Up 1.2 %

NASDAQ MRVL opened at $125.21 on Thursday. The stock’s fifty day moving average price is $108.68 and its 200 day moving average price is $85.65. Marvell Technology has a 1 year low of $53.19 and a 1 year high of $126.45. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.60 and a quick ratio of 1.11.

Hedge Funds Weigh In On Marvell Technology

Several large investors have recently made changes to their positions in the stock. Forsta AP Fonden lifted its holdings in shares of Marvell Technology by 8.0% in the 4th quarter. Forsta AP Fonden now owns 195,300 shares of the semiconductor company’s stock worth $21,571,000 after acquiring an additional 14,500 shares during the last quarter. Smith Group Asset Management LLC acquired a new position in shares of Marvell Technology in the 4th quarter worth approximately $28,557,000. Robeco Institutional Asset Management B.V. increased its stake in Marvell Technology by 118.1% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 309,669 shares of the semiconductor company’s stock worth $34,203,000 after buying an additional 167,675 shares during the period. Wealth Effects LLC purchased a new stake in Marvell Technology during the 4th quarter worth approximately $387,000. Finally, Perigon Wealth Management LLC purchased a new stake in Marvell Technology during the 4th quarter worth approximately $387,000. 83.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Marvell Technology

In other Marvell Technology news, CFO Willem A. Meintjes sold 1,500 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $89.14, for a total value of $133,710.00. Following the transaction, the chief financial officer now directly owns 114,211 shares in the company, valued at $10,180,768.54. The trade was a 1.30 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Mark Casper sold 7,755 shares of the company’s stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $123.08, for a total transaction of $954,485.40. The disclosure for this sale can be found here. Insiders have sold 31,755 shares of company stock worth $3,615,030 in the last ninety days. 0.33% of the stock is owned by insiders.

Marvell Technology Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 30th. Shareholders of record on Friday, January 10th will be issued a $0.06 dividend. The ex-dividend date is Friday, January 10th. This represents a $0.24 annualized dividend and a yield of 0.19%. Marvell Technology’s payout ratio is -14.12%.

Marvell Technology Company Profile

Marvell Technology, Inc, together with its subsidiaries, provides data infrastructure semiconductor solutions, spanning the data center core to network edge. The company develops and scales complex System-on-a-Chip architectures, integrating analog, mixed-signal, and digital signal processing functionality.