After Hours
After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Most recently, Yahoo Finance reported about the stock as it publicized that Marvell Launches Products, Technology and Partnerships at OFC 2024 to Scale Optical Technology for Accelerated Infrastructure.
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Stocks Info
MRVL belongs to the Technology sector of the NASDAQ while operating in the Semiconductors industry. The current market capitalization of Marvell Technology Inc is $62.62B. A total of 22.84 million shares were traded on the day, compared to an average of 14.08M shares.
In the most recent transaction, Meintjes Willem A sold 1,000 shares of MRVL for 67.79 per share on Mar 18 ’24. After the transaction, the Chief Financial Officer now owns 102,986 company shares. In a previous transaction on Mar 15 ’24, Koopmans Chris sold 5,000 shares at 66.44 per share. MRVL shares that EVP, Chief Operations Officer owns now total 114,117.
Among the insiders who sold shares, MURPHY MATTHEW J disposed of 30,000 shares on Mar 14 ’24 at a per-share price of $66.17. This resulted in the Chair of Board, President, CEO holding 732,929 shares of MRVL after the transaction. In another insider transaction, MURPHY MATTHEW J sold 30,000 shares at $67.67 per share on Feb 15 ’24. Company shares held by the Chair of Board, President, CEO now total 762,929.
Dividend
Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. MRVL’s most recent ex-dividend date was 4/11/2024 when it declared a $0.06 quarterly dividend that was paid in cash on 5/1/2024. Previously, the company paid the dividend on 1/31/2024 with an ex-dividend date of 1/4/2024. The MRVL stock dividend was $0.06 per share in cash.
While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, MRVL has a high of $85.76 and a low of $36.90.
As of this writing, MRVL has an earnings estimate of $0.24 per share for the current quarter. EPS was calculated based on a consensus of 24 estimates, with a high estimate of $0.5 per share and a lower estimate of $0.23. The company reported an EPS of $0.41 in the last quarter, which was 2.50% higher than expectations of $0.4.
Balance Sheet Annually/Quarterly
An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. MRVL’s latest balance sheet shows that the firm has $613.50M in Cash & Short Term Investments as of fiscal 2022. There were $4.73B in debt and $1.39B in liabilities at the time. Its Book Value Per Share was $17.14, while its Total Shareholder’s Equity was $15.70B.
Analysts Opinion
There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for MRVL is Buy with a score of 4.86.
