Shares of Marvell Technology, Inc. (NASDAQ:MRVL – Get Free Report) have been given an average rating of “Moderate Buy” by the twenty-seven ratings firms that are covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $127.60.
A number of research firms have weighed in on MRVL. Loop Capital increased their price target on shares of Marvell Technology from $95.00 to $110.00 and gave the stock a “hold” rating in a research note on Wednesday, December 4th. Wells Fargo & Company upped their price objective on shares of Marvell Technology from $130.00 to $140.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. Bank of America boosted their price target on shares of Marvell Technology from $108.00 to $125.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. StockNews.com raised Marvell Technology from a “sell” rating to a “hold” rating in a research note on Thursday, January 9th. Finally, Morgan Stanley decreased their target price on Marvell Technology from $120.00 to $113.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 28th.
Get Our Latest Analysis on Marvell Technology
Insiders Place Their Bets
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in MRVL. Lodestone Wealth Management LLC lifted its position in shares of Marvell Technology by 2.0% during the fourth quarter. Lodestone Wealth Management LLC now owns 4,655 shares of the semiconductor company’s stock valued at $514,000 after buying an additional 93 shares during the last quarter. Valley National Advisers Inc. raised its stake in Marvell Technology by 0.4% in the 4th quarter. Valley National Advisers Inc. now owns 25,135 shares of the semiconductor company’s stock valued at $2,775,000 after purchasing an additional 96 shares during the last quarter. Waldron Private Wealth LLC raised its holdings in Marvell Technology by 3.6% in the 4th quarter. Waldron Private Wealth LLC now owns 2,964 shares of the semiconductor company’s stock valued at $327,000 after acquiring an additional 103 shares during the last quarter. Tsfg LLC lifted its position in Marvell Technology by 7.5% during the fourth quarter. Tsfg LLC now owns 1,593 shares of the semiconductor company’s stock worth $176,000 after buying an additional 111 shares in the last quarter. Finally, GHP Investment Advisors Inc. boosted its position in shares of Marvell Technology by 48.3% during the 4th quarter. GHP Investment Advisors Inc. now owns 344 shares of the semiconductor company’s stock valued at $38,000 after acquiring an additional 112 shares during the last quarter. 83.51% of the stock is currently owned by institutional investors.
Marvell Technology Price Performance
Marvell Technology stock opened at $112.86 on Thursday. The company has a market cap of $97.66 billion, a P/E ratio of -66.39, a price-to-earnings-growth ratio of 3.51 and a beta of 1.41. Marvell Technology has a one year low of $53.19 and a one year high of $127.48. The business has a fifty day moving average of $111.72 and a two-hundred day moving average of $87.51. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.11 and a current ratio of 1.60.
Marvell Technology Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, January 30th. Investors of record on Friday, January 10th were given a dividend of $0.06 per share. The ex-dividend date was Friday, January 10th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.21%. Marvell Technology’s payout ratio is presently -14.12%.
About Marvell Technology
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.
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