Marvell Technology Inc. (MRVL) Stock’s Detailed Analysis

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Marvell Technology Inc. (NASDAQ:MRVL) has a beta value of 1.07 and has seen 4.9 million shares traded in the last trading session. The company, currently valued at $59.81B, closed the last trade at $72.94 per share which meant it lost -$0.06 on the day or -0.08% during that session. The MRVL stock price is -1.12% off its 52-week high price of $73.76 and 48.01% above the 52-week low of $37.92. If we look at the company’s 10-day average daily trading volume, we find that it stood at 6.53 million shares traded. The 3-month trading volume is 5.78 million shares.

The consensus among analysts is that Marvell Technology Inc. (MRVL) is a Buy stock at the moment, with a recommendation rating of 2.00. 0 analysts rate the stock as a Sell, while 1 rate it as Overweight. 5 out of 30 have rated it as a Hold, with 23 advising it as a Buy. 1 have rated the stock as Underweight. The expected earnings per share for the stock is $0.38.

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Sporting -0.08% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, 11/09/21 when the MRVL stock price touched $72.94 or saw a rise of 1.51%. Year-to-date, Marvell Technology Inc. shares have moved 53.43%, while the 5-day performance has seen it change 4.33%. Over the past 30 days, the shares of Marvell Technology Inc. (NASDAQ:MRVL) have changed 14.97%. Short interest in the company has seen 14.61 million shares shorted with days to cover at 2.17.

Wall Street analysts have a consensus price target for the stock at $75.12, which means that the shares’ value could jump 2.9% from current levels. The projected low price target is $62.00 while the price target rests at a high of $100.00. In that case, then, we find that the current price level is -37.1% off the targeted high while a plunge would see the stock lose 15.0% from current levels.

Marvell Technology Inc. (MRVL) estimates and forecasts

The company’s shares have gained 75.72% over the past 6 months. Revenue growth from the last financial year stood is estimated to be 43.20%.

23 analysts offering their estimates for the company have set an average revenue estimate of $1.15 billion for the current quarter. 23 have an estimated revenue figure of $1.2 billion for the next quarter concluding in Jan 2022.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 22.10% over the past 5 years. Earnings growth for 2021 is a modest -117.70% while over the next 5 years, the company’s earnings are expected to increase by 38.20%.

MRVL Dividends

Marvell Technology Inc. is expected to release its next earnings report between December 01 and December 06 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.24 at a share yield of 0.33%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 1.11%.

Marvell Technology Inc. (NASDAQ:MRVL)’s Major holders

Insiders own 0.36% of the company shares, while shares held by institutions stand at 77.47% with a share float percentage of 77.74%. Investors are also buoyed by the number of investors in a company, with Marvell Technology Inc. having a total of 950 institutions that hold shares in the company. The top two institutional holders are Robeco Schweiz AG with over 2.58 million shares worth more than $150.2 million. As of Jun 29, 2021, Robeco Schweiz AG held 0.31% of shares outstanding.

The other major institutional holder is Parametric Portfolio Associates, with the holding of over 1.74 million shares as of Mar 30, 2021. The firm’s total holdings are worth over $85.17 million and represent 0.21% of shares outstanding.

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Also the top two Mutual Funds that are holding company’s shares are Fidelity Blue Chip Growth Fund and Invesco ETF Tr-Invesco QQQ Tr, Series 1 ETF. As of May 30, 2021, the former fund manager holds about 3.37% shares in the company for having 27.62 million shares of worth $1.33 billion while later fund manager owns 10.62 million shares of worth $619.32 million as of Jun 29, 2021, which makes it owner of about 1.30% of company’s outstanding stock.