S&P 500   4,464.05
DOW   35,281.40
QQQ   366.24
Biden and House Democrats hope to make curbing 'junk fees' a winning issue in 2024
Laser breakthrough could send stock soaring 2,467% (Ad)
Yes, inflation is down. No, the Inflation Reduction Act doesn't deserve the credit
Stock market today: Asia follows Wall Street lower after US data revive fears about rate hike
Laser breakthrough could send stock soaring 2,467% (Ad)
Illinois governor signs ban on firearms advertising allegedly marketed to kids and militants
Don't expect quick fixes in 'red-teaming' of AI models. Security was an afterthought
Why 2023 Could Kick Off a "Cash Frenzy" in Stocks (Ad)
US Steel rejects a $7.3 billion offer from rival Cleveland-Cliffs; considers alternatives
Don't expect quick fixes in 'red-teaming' of AI models. Security was an afterthought
S&P 500   4,464.05
DOW   35,281.40
QQQ   366.24
Biden and House Democrats hope to make curbing 'junk fees' a winning issue in 2024
Laser breakthrough could send stock soaring 2,467% (Ad)
Yes, inflation is down. No, the Inflation Reduction Act doesn't deserve the credit
Stock market today: Asia follows Wall Street lower after US data revive fears about rate hike
Laser breakthrough could send stock soaring 2,467% (Ad)
Illinois governor signs ban on firearms advertising allegedly marketed to kids and militants
Don't expect quick fixes in 'red-teaming' of AI models. Security was an afterthought
Why 2023 Could Kick Off a "Cash Frenzy" in Stocks (Ad)
US Steel rejects a $7.3 billion offer from rival Cleveland-Cliffs; considers alternatives
Don't expect quick fixes in 'red-teaming' of AI models. Security was an afterthought
S&P 500   4,464.05
DOW   35,281.40
QQQ   366.24
Biden and House Democrats hope to make curbing 'junk fees' a winning issue in 2024
Laser breakthrough could send stock soaring 2,467% (Ad)
Yes, inflation is down. No, the Inflation Reduction Act doesn't deserve the credit
Stock market today: Asia follows Wall Street lower after US data revive fears about rate hike
Laser breakthrough could send stock soaring 2,467% (Ad)
Illinois governor signs ban on firearms advertising allegedly marketed to kids and militants
Don't expect quick fixes in 'red-teaming' of AI models. Security was an afterthought
Why 2023 Could Kick Off a "Cash Frenzy" in Stocks (Ad)
US Steel rejects a $7.3 billion offer from rival Cleveland-Cliffs; considers alternatives
Don't expect quick fixes in 'red-teaming' of AI models. Security was an afterthought
S&P 500   4,464.05
DOW   35,281.40
QQQ   366.24
Biden and House Democrats hope to make curbing 'junk fees' a winning issue in 2024
Laser breakthrough could send stock soaring 2,467% (Ad)
Yes, inflation is down. No, the Inflation Reduction Act doesn't deserve the credit
Stock market today: Asia follows Wall Street lower after US data revive fears about rate hike
Laser breakthrough could send stock soaring 2,467% (Ad)
Illinois governor signs ban on firearms advertising allegedly marketed to kids and militants
Don't expect quick fixes in 'red-teaming' of AI models. Security was an afterthought
Why 2023 Could Kick Off a "Cash Frenzy" in Stocks (Ad)
US Steel rejects a $7.3 billion offer from rival Cleveland-Cliffs; considers alternatives
Don't expect quick fixes in 'red-teaming' of AI models. Security was an afterthought
Top-Rated StocksTop-RatedMost-Upgraded StocksMost-Upgraded
NASDAQ:MRVL

Marvell Technology (MRVL) Stock Forecast, Price & News

$57.09
-1.84 (-3.12%)
(As of 08/11/2023 08:48 PM ET)
Compare
Today's Range
$56.70
▼
$58.19
50-Day Range
$57.09
▼
$65.93
52-Week Range
$33.75
▼
$67.99
Volume
9.95 million shs
Average Volume
12.83 million shs
Market Capitalization
$49.10 billion
P/E Ratio
N/A
Dividend Yield
0.42%
Price Target
$65.56
ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability

Marvell Technology MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.91 Rating Score
Upside/​Downside
14.8% Upside
$65.56 Price Target
Short Interest
Healthy
2.17% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-0.96
Upright™ Environmental Score
News Sentiment
0.93mentions of Marvell Technology in the last 14 days
Based on 8 Articles This Week
Insider Trading
Selling Shares
$12.04 M Sold Last Quarter
Proj. Earnings Growth
89.53%
From $0.86 to $1.63 Per Share

Overall MarketRank™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.37 out of 5 stars

Business Services Sector

113th out of 321 stocks

Semiconductors & Related Devices Industry

39th out of 85 stocks

See Top Rated MarketRank™ Stocks Here

MRVL stock logo

About Marvell Technology (NASDAQ:MRVL) Stock

Marvell Technology, Inc. is a global semiconductor company founded in 1995 that designs and develops integrated circuits for various applications, including cloud computing, wireless communications, and storage solutions. The company aims to "empower the world's leading innovators to make lives better and the world safer."

Marvell's products and services cater to diverse customers, including some of the world's leading technology companies, such as Microsoft, Samsung, and Western Digital. The company has operations in over 20 countries and employs approximately 5,000 people.

Marvell's management team is led by Chief Executive Officer Matt Murphy, who joined the company in 2016. Murphy has over 25 years of experience in the semiconductor industry and has played a key role in driving Marvell's growth and transformation. A team of experienced executives with diverse engineering, operations, and finance backgrounds supports him.

Marvell reported revenue that has been increasing quite rapidly over the recent past. The company reported a net loss for the past several years, but that net loss has been reducing yearly as Marvell moves toward profitability. Marvell's gross margin is approximately 60%, consistent with the company's historical margin performance.

Marvell has a market capitalization of approximately $30 billion and trades at a forward price-to-earnings ratio that compares favorably to the semiconductor industry average forward P/E ratio. Marvell's price-to-sales ratio is also lower than the industry average. The company's valuation is driven by its strong financial performance, robust growth prospects, and ability to innovate and adapt to changing market conditions.

Marvell's stock has been volatile recently due to downgraded analyst ratings and uncertainty in the semiconductor market. The company's share price has paralleled the benchmark Philadelphia Semiconductor Index over the same period, indicating that this is a sector-wide problem, not a problem with Marvell directly. 

The semiconductor industry has experienced significant growth over the past decade, driven by the proliferation of connected devices, cloud computing, and artificial intelligence. The industry is highly competitive, with prominent players like Intel and Broadcom dominating the market. However, Marvell has carved out a niche by focusing on high-growth markets such as 5G wireless, cloud computing, and automotive applications.

Marvell's competitive advantages include its strong engineering capabilities, innovative product portfolio, and strategic partnerships with leading technology companies. The company has also made significant investments in research and development to stay ahead of emerging technologies and market trends.

Marvell has several growth opportunities, including expanding its presence in the 5G wireless market, developing new products for cloud computing and artificial intelligence, and expanding into new geographic markets. The company has also made strategic acquisitions, such as acquiring Inphi Corporation, to expand its product portfolio and gain access to new customers and markets.

The semiconductor industry is subject to rapid technological change and evolving market conditions, making it challenging for companies to stay competitive. Marvell faces several risks and challenges, including increased competition, supply chain disruptions, and regulatory changes. The company's risk management strategies include diversification of its product portfolio, strategic partnerships, and investments in research and development to stay ahead of emerging technologies and market trends.

MRVL Price History

MRVL Stock News Headlines

August 4, 2023 | marketbeat.com
Chipmaker Marvell Sees AI Revenue Soaring In The Coming Years
Marvell Technology anticipates doubling AI chip revenue in fiscal 2024 and 2025. Its wide-ranging chip offerings cater to AI applications in various sectors.
August 11, 2023 | benzinga.com
Here's How Much $100 Invested In Marvell Tech 5 Years Ago Would Be Worth Today
August 14, 2023 | Behind the Markets (Ad)
66,000% upside on tiny biotech?
The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.
August 11, 2023 | seekingalpha.com
Marvell Technology: An Overview Of Current Positioning And Industry Dynamics
August 9, 2023 | nasdaq.com
Stocks Close Lower Ahead of Thursday’s U.S. CPI Report
August 8, 2023 | finance.yahoo.com
Marvell Keynote at FMS 2023 to Address Transforming Cloud Infrastructure for the AI Era
August 6, 2023 | seekingalpha.com
Marvell: AI Tailwinds Sustain, Growth Ahead, A Buy Into Earnings
July 31, 2023 | finance.yahoo.com
‘It’s a Profitable Time’: Billionaire Ken Fisher Stays Heavily Invested in These 2 ‘Strong Buy’ Stocks
August 14, 2023 | Behind the Markets (Ad)
66,000% upside on tiny biotech?
The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.
July 28, 2023 | reuters.com
Wall Street ends week higher on soft landing hopes
July 27, 2023 | finance.yahoo.com
Marvell Technology, Inc. Announces Conference Call to Review Second Quarter of Fiscal Year 2024 Financial Results
July 27, 2023 | benzinga.com
Marvell Tech Unusual Options Activity
July 26, 2023 | finance.yahoo.com
If You Invested $1000 in Marvell Technology a Decade Ago, This is How Much It'd Be Worth Now
July 20, 2023 | reuters.com
Marvell founders launch $2 bln chips foundry in Singapore
July 19, 2023 | finance.yahoo.com
Marvell (MRVL) Upgraded to Buy: What Does It Mean for the Stock?
July 18, 2023 | finance.yahoo.com
When Will Marvell Technology Stop Trading Sideways?
July 17, 2023 | benzinga.com
Board Member of Marvell Tech Makes $327K Sale
July 13, 2023 | msn.com
Here's How Much $100 Invested In Marvell Tech 20 Years Ago Would Be Worth Today
July 12, 2023 | msn.com
Unusual Put Option Trade in Marvell Technology (MRVL) Worth $338.40K
July 12, 2023 | finance.yahoo.com
Broadcom, VMware shares rise after EU Commission signs off on $61 billion merger
July 12, 2023 | finance.yahoo.com
Broadcom-VMWare Merger Gets European Regulatory Approval
July 12, 2023 | finance.yahoo.com
Broadcom's $61 billion VMware deal wins conditional EU antitrust OK
July 11, 2023 | markets.businessinsider.com
Keybanc Maintains Overweight Rating for Marvell Tech: Here's What You Need To Know
July 11, 2023 | finance.yahoo.com
Why Marvell Technology Rocketed 61.4% Higher in the First Half of 2023
July 10, 2023 | seekingalpha.com
Marvell Technology And The AI Hype Cycle
July 6, 2023 | seekingalpha.com
Marvell Technology: Huge Potential Margin Expansion Opportunity
July 5, 2023 | finance.yahoo.com
MRVL - Marvell Technology, Inc.
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MRVL Company Calendar

Last Earnings
5/25/2023
Ex-Dividend for 7/26 Dividend
7/06/2023
Dividend Payable
7/26/2023
Today
8/13/2023
Next Earnings (Confirmed)
8/24/2023
Fiscal Year End
1/31/2024
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NASDAQ
Industry
Semiconductors & related devices
Sub-Industry
Semiconductors
Sector
Business Services
Current Symbol
NASDAQ:MRVL
CUSIP
G5876H10
CIK
1058057
Web
www.marvell.com
Phone
(302) 295-4840
Fax
441-295-3328
Employees
7,448
Year Founded
1995

Price Target and Rating

Average Stock Price Forecast
$65.56
High Stock Price Forecast
$100.00
Low Stock Price Forecast
$46.00
Forecasted Upside/Downside
+14.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.91
Research Coverage
22 Analysts

Profitability

EPS (Most Recent Fiscal Year)
($0.19)
Trailing P/E Ratio
N/A
Forward P/E Ratio
66.38
P/E Growth
11.14
Net Income
$-163,500,000.00
Net Margins
-2.88%
Pretax Margin
-3.22%
Return on Equity
7.38%
Return on Assets
5.13%

Debt

Debt-to-Equity Ratio
0.20
Current Ratio
1.05
Quick Ratio
0.71

Sales & Book Value

Annual Sales
$5.92 billion
Price / Sales
8.29
Cash Flow
$3.18 per share
Price / Cash Flow
17.97
Book Value
$18.33 per share
Price / Book
3.11

Miscellaneous

Outstanding Shares
860,000,000
Free Float
856,130,000
Market Cap
$49.10 billion
Optionable
Optionable
Beta
1.40

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Key Executives

  • Mr. Matthew J. MurphyMr. Matthew J. Murphy (Age 50)
    Pres, CEO & Chairman
    Comp: $3.24M
  • Mr. Willem A. MeintjesMr. Willem A. Meintjes (Age 42)
    Chief Financial Officer
    Comp: $826.64k
  • Mr. Christopher Koopmans (Age 46)
    Chief Operations Officer
    Comp: $1.11M
  • Mr. Raghib Hussain (Age 51)
    Pres of Products & Technologies
    Comp: $1.3M
  • Mr. Daniel W. Christman (Age 51)
    Exec. VP of Storage Products Group
    Comp: $978.42k
  • Dr. Sehat Sutardja Ph.D. (Age 61)
    Co-Founder
  • Ms. Weili Dai (Age 61)
    Co-Founder
  • Pani Dixon
    Chief Accounting Officer & Corp. Controller
  • Mr. Mitchell Lee GaynorMr. Mitchell Lee Gaynor (Age 63)
    Chief Admin. Officer
  • Ashish Saran
    Sr. VP of Investor Relations

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions













MRVL Stock - Frequently Asked Questions

Should I buy or sell Marvell Technology stock right now?

22 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Marvell Technology in the last twelve months. There are currently 2 hold ratings and 20 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" MRVL shares.
View MRVL analyst ratings or view top-rated stocks.

What is Marvell Technology's stock price forecast for 2023?

22 brokers have issued 1 year price objectives for Marvell Technology's shares. Their MRVL share price forecasts range from $46.00 to $100.00. On average, they predict the company's stock price to reach $65.56 in the next year. This suggests a possible upside of 14.8% from the stock's current price.
View analysts price targets for MRVL or view top-rated stocks among Wall Street analysts.

How have MRVL shares performed in 2023?

Marvell Technology's stock was trading at $37.04 at the beginning of 2023. Since then, MRVL shares have increased by 54.1% and is now trading at $57.09.
View the best growth stocks for 2023 here.

When is Marvell Technology's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 24th 2023.
View our MRVL earnings forecast.

How can I listen to Marvell Technology's earnings call?

Marvell Technology will be holding an earnings conference call on Thursday, August 24th at 4:45 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-0088 with passcode "4647884".

How were Marvell Technology's earnings last quarter?

Marvell Technology, Inc. (NASDAQ:MRVL) released its earnings results on Thursday, May, 25th. The semiconductor company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.02. The semiconductor company had revenue of $1.32 billion for the quarter, compared to analysts' expectations of $1.30 billion. Marvell Technology had a negative net margin of 2.88% and a positive trailing twelve-month return on equity of 7.38%. The business's revenue for the quarter was down 8.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.37 EPS.

How often does Marvell Technology pay dividends? What is the dividend yield for Marvell Technology?

Marvell Technology declared a quarterly dividend on Thursday, June 15th. Investors of record on Friday, July 7th will be paid a dividend of $0.06 per share on Wednesday, July 26th. This represents a $0.24 annualized dividend and a yield of 0.42%. The ex-dividend date of this dividend is Thursday, July 6th.
Read our dividend analysis for MRVL.

What ETFs hold Marvell Technology's stock?

ETFs with the largest weight of Marvell Technology (NASDAQ:MRVL) stock in their portfolio include AXS Esoterica NextG Economy ETF (WUGI), Strive U.S. Semiconductor ETF (SHOC), ProShares Nasdaq-100 Dorsey Wright Momentum ETF (QQQA), Defiance Next Gen Connectivity ETF (FIVG), Spear Alpha ETF (SPRX), Columbia Seligman Semiconductor and Technology ETF (SEMI), Fidelity Disruptive Technology ETF (FDTX) and Invesco PHLX Semiconductor ETF (SOXQ).

Is Marvell Technology a good dividend stock?

Marvell Technology (NASDAQ:MRVL) pays an annual dividend of $0.24 per share and currently has a dividend yield of 0.42%.
Read our dividend analysis for MRVL.

What guidance has Marvell Technology issued on next quarter's earnings?

Marvell Technology updated its second quarter 2024 earnings guidance on Wednesday, May, 31st. The company provided EPS guidance of $0.27-$0.37 for the period, compared to the consensus EPS estimate of $0.31. The company issued revenue guidance of $1.26 billion-$1.40 billion, compared to the consensus revenue estimate of $1.31 billion.

What is Matt Murphy's approval rating as Marvell Technology's CEO?

247 employees have rated Marvell Technology Chief Executive Officer Matt Murphy on Glassdoor.com. Matt Murphy has an approval rating of 89% among the company's employees.

What other stocks do shareholders of Marvell Technology own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Marvell Technology investors own include NVIDIA (NVDA), Advanced Micro Devices (AMD), Micron Technology (MU), QUALCOMM (QCOM), Alibaba Group (BABA), Intel (INTC), Salesforce (CRM), Walt Disney (DIS), Cisco Systems (CSCO) and Block (SQ).

What is Marvell Technology's stock symbol?

Marvell Technology trades on the NASDAQ under the ticker symbol "MRVL."

Who are Marvell Technology's major shareholders?

Marvell Technology's stock is owned by many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (6.80%), Capital Research Global Investors (3.79%), Bank Julius Baer & Co. Ltd Zurich (2.19%), Geode Capital Management LLC (1.45%), Brown Advisory Inc. (1.37%) and Twin Tree Management LP (0.00%). Insiders that own company stock include Andrew Micallef, Chris Koopmans, Dan Christman, Dean E Jr Jarnac, Edward H Frank, Ford Tamer, Jean X Hu, Loi Nguyen, Matthew J Murphy, Michael G Strachan, Mitchell Gaynor, Muhammad Raghib Hussain, Nariman Yousefi, Sandeep Bharathi, Willem A Meintjes and Willem A Meintjes.
View institutional ownership trends.

How do I buy shares of Marvell Technology?

Shares of MRVL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Marvell Technology's stock price today?

One share of MRVL stock can currently be purchased for approximately $57.09.

How much money does Marvell Technology make?

Marvell Technology (NASDAQ:MRVL) has a market capitalization of $49.10 billion and generates $5.92 billion in revenue each year. The semiconductor company earns $-163,500,000.00 in net income (profit) each year or ($0.19) on an earnings per share basis.

How many employees does Marvell Technology have?

The company employs 7,448 workers across the globe.

Does Marvell Technology have any subsidiaries?
The following companies are subsidiares of Marvell Technology: Aquantia, Aquantia (Cayman) Ltd., Aquantia B.V., Aquantia C.V., Aquantia Corp., Aquantia Czech s.r.o , Aquantia Japan G.K., Aquantia LLC, Aquantia Rus LLC, Aquantia Semiconductor India Pvt Ltd, Aquantia Technology B.V., Avago - Printer ASICs, Avera, Avera Semiconductor LLC, Cavium, Cavium India Holdings LLC, Cavium International, Cavium LLC, Cavium Networks (India) Private Limited, Cavium Networks Asia, Cavium Networks International, Cavium Networks International Inc., Cavium Networks LLC, Cavium Networks Singapore Pte. Ltd., Cavium Semiconductor Technology (Shanghai) Co. Ltd., Cavium Taiwan Ltd., Cavium UK Ltd., Diseño de Sistemas en Silicio, Galileo Technology, Iamba Networks, Inphi, Kinoma Inc., Marvell Asia Pte Ltd, Marvell Hong Kong Limited, Marvell India Private Limited, Marvell International Ltd., Marvell International Technology Ltd., Marvell Israel (M.I.S.L) Ltd., Marvell Italia S.r.l., Marvell Japan K.K., Marvell Netherlands B.V., Marvell Semiconductor Canada Inc., Marvell Semiconductor Germany GmbH, Marvell Semiconductor Inc., Marvell Semiconductor Korea Ltd., Marvell Semiconductor Ltd., Marvell Semiconductor Sdn. Bhd., Marvell Semiconductor Technology S.a.r.l., Marvell Software Solutions Israel, Marvell Switzerland S.a.r.l., Marvell Taiwan Ltd., Marvell Technology (Beijing) Ltd., Marvell Technology (Chengdu) Ltd., Marvell Technology (Nanjing) Ltd., Marvell Technology (Shanghai) Ltd., Marvell Technology Denmark ApS, Marvell Technology Inc., Marvell Technology Japan Y.K., Marvell Technology Sweden AB, Marvell Technology Vietnam LLC, Marvell UK Limited, Marvell World Trade Ltd., NetXen Inc., PT. Marvell Technology Indonesia, PicoMobile Networks, QLGC Limited (Ireland), QLogic Hong Kong Ltd., QLogic India Pvt. Ltd., QLogic International Holdings Inc., QLogic International Ltd., QLogic LLC, QLogic Storage Network Infrastructure (Beijing) Co. Ltd., QLogic Switch Products LLC, SysKonnect, Utopia Capital Holdings Ltd., and Xelerated.
Read More
How can I contact Marvell Technology?

Marvell Technology's mailing address is 22 VICTORIA STREET, HAMILTON D0, HM 12. The official website for the company is www.marvell.com. The semiconductor company can be reached via phone at (302) 295-4840, via email at ir@marvell.com, or via fax at 441-295-3328.

This page (NASDAQ:MRVL) was last updated on 8/14/2023 by MarketBeat.com Staff

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