Analyst Expects Marvell Technology Inc (NASDAQ: MRVL) To Make Big Moves

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Earlier, Yahoo Finance discussed this stock as it revealed Marvell Launches Products, Technology and Partnerships at OFC 2024 to Scale Optical Technology for Accelerated Infrastructure.

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Stocks Info

As a NASDAQ listed company, MRVL falls under the Technology sector while operating within the Semiconductors industry segment. The current market capitalization of Marvell Technology Inc is $63.39B. A total of 9.49 million shares were traded on the day, compared to an average of 14.51M 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.


Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. 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.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. 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

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. 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

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside 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.

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