Before Investing In Marvell Technology Inc (NASDAQ:MRVL), Here Are Some Things To Consider

The stock of Marvell Technology Inc (NASDAQ:MRVL) last traded at $57.03, up 6.70% from the previous session.

Data from the available sources indicates that Marvell Technology Inc (NASDAQ:MRVL) is covered by 32 analysts. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $100.00 and a low of $56.00, we find $69.30. Given the previous closing price of $53.45, this indicates a potential upside of 29.65 percent. MRVL stock price is now 8.40% away from the 50-day moving average and 11.55% away from the 200-day moving average. The market capitalization of the company currently stands at $49.21B.

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In total, 3 analysts have assigned it a hold rating, and 26 have given it a buy rating. Brokers who have rated the stock have averaged $69.73 as their price target over the next twelve months.

With the price target of $60, ROTH MKM recently initiated with Buy rating for Marvell Technology Inc (NASDAQ: MRVL).

In other news, MURPHY MATTHEW J, Chair of Board, President, CEO sold 30,000 shares of the company’s stock on Oct 16. The stock was sold for $1,600,800 at an average price of $53.36. Upon completion of the transaction, the Chair of Board, President, CEO now directly owns 869,287 shares in the company, valued at $49.58 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 16, EVP, Chief Operations Officer Koopmans Chris sold 5,000 shares of the business’s stock. A total of $263,100 was realized by selling the stock at an average price of $52.62. This leaves the insider owning 134,492 shares of the company worth $7.67 million. Insiders disposed of 1,090,300 shares of company stock worth roughly $62.18 million over the past 1 year. A total of 0.90% of the company’s stock is owned by insiders.

With an opening price of $55.49 on Tuesday morning, Marvell Technology Inc (NASDAQ: MRVL) set off the trading day. During the past 12 months, Marvell Technology Inc has had a low of $33.75 and a high of $67.99. As of last week, the company has a debt-to-equity ratio of 0.30, a current ratio of 1.03, and a quick ratio of 0.65. The fifty day moving average price for MRVL is $52.61 and a two-hundred day moving average price translates $51.12 for the stock.

The latest earnings results from Marvell Technology Inc (NASDAQ: MRVL) was released for Jul, 2023. According to the Semiconductors Company, earnings per share came in at $0.33, beating analysts’ expectations of $0.32 by 0.01. This compares to $0.01 EPS in the same period last year. The net profit margin was -6.74% and return on equity was -2.45% for MRVL. The company reported revenue of $1.34 billion for the quarter, compared to $1.52 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -11.6 percent. For the current quarter, analysts expect MRVL to generate $1.4B in revenue.

Marvell Technology Inc(MRVL) 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, scales complex System-on-a-Chip architectures, integrating analog, mixed-signal, and digital signal processing functionality. It offers a portfolio of Ethernet solutions, including controllers, network adapters, physical transceivers, and switches; single or multiple core processors; custom application specific integrated circuits; and System-on-a-Chip solutions. The company also provides electro-optical products, including pulse amplitude modulations, coherent digital signal processors, laser drivers, trans-impedance amplifiers, silicon photonics, and data center interconnect solutions; fibre channel products comprising host bus adapters and controllers; single or multiple core processors; storage controllers for hard disk drives and solid-state-drives; and host system interfaces, including serial attached SCSI, serial advanced technology attachment, peripheral component interconnect express, non-volatile memory express (NVMe), and NVMe over fabrics. It has operations in the United States, Argentina, China, India, Israel, Japan, Singapore, South Korea, Taiwan, and Vietnam. Marvell Technology, Inc. was incorporated in 1995 and is headquartered in Wilmington, Delaware.

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