Marvell Technology Inc. [MRVL] Revenue clocked in at $3.11 billion, up 13.17% YTD: What’s Next?

Marvell Technology Inc. [NASDAQ: MRVL] stock went on an upward path that rose over 3.26% on Monday, amounting to a one-week price increase of more than 11.46%. The company report on June 8, 2021 that Marvell Technology, Inc. Reports First Quarter of Fiscal Year 2022 Financial Results.

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– Q1 Net Revenue: $832 million, grew by 20% year-on-year.

– Q1 Gross Margin: 50.2% GAAP gross margin; 64.3% non-GAAP gross margin.

Over the last 12 months, MRVL stock rose by 59.50%. The one-year Marvell Technology Inc. stock forecast points to a potential upside of 3.93. The average equity rating for MRVL stock is currently 1.90, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $43.82 billion, with 673.53 million shares outstanding. Compared to the average trading volume of 9.45M shares, MRVL stock reached a trading volume of 9338220 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on Marvell Technology Inc. [MRVL]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for MRVL shares is $56.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on MRVL stock is a recommendation set at 1.90. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Summit Insights have made an estimate for Marvell Technology Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on June 08, 2021. While these analysts kept the previous recommendation, Wells Fargo raised their target price from $45 to $50. The new note on the price target was released on June 08, 2021, representing the official price target for Marvell Technology Inc. stock. Previously, the target price had yet another raise from $60 to $70, while Rosenblatt kept a Buy rating on MRVL stock. On June 08, 2021, analysts increased their price target for MRVL shares from 5 to 60.

The Average True Range (ATR) for Marvell Technology Inc. is set at 1.59, with the Price to Sales ratio for MRVL stock in the period of the last 12 months amounting to 14.10. The Price to Book ratio for the last quarter was 4.30, with the Price to Cash per share for the same quarter was set at 0.92. Price to Free Cash Flow for MRVL in the course of the last twelve months was 97.95 with Quick ratio for the last quarter at 1.30.

MRVL Stock Performance Analysis:

Marvell Technology Inc. [MRVL] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 11.46. With this latest performance, MRVL shares gained by 29.33% in over the last four-week period, additionally plugging by 25.38% over the last 6 months – not to mention a rise of 59.50% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for MRVL stock in for the last two-week period is set at 72.89, with the RSI for the last a single of trading hit 80.50, and the three-weeks RSI is set at 66.74 for Marvell Technology Inc. [MRVL]. The present Moving Average for the last 50 days of trading for this stock 47.21, while it was recorded at 51.76 for the last single week of trading, and 45.48 for the last 200 days.

Insight into Marvell Technology Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Marvell Technology Inc. [MRVL] shares currently have an operating margin of -1.42 and a Gross Margin at +50.45. Marvell Technology Inc.’s Net Margin is presently recorded at -9.34.

Return on Total Capital for MRVL is now -0.41, given the latest momentum, and Return on Invested Capital for the company is -2.78. Return on Equity for this stock declined to -3.24, with Return on Assets sitting at -2.53. When it comes to the capital structure of this company, Marvell Technology Inc. [MRVL] has a Total Debt to Total Equity ratio set at 17.63. Additionally, MRVL Total Debt to Total Capital is recorded at 14.99, with Total Debt to Total Assets ending up at 13.81. Long-Term Debt to Equity for the company is recorded at 14.03, with the Long-Term Debt to Total Capital now at 11.93.

Reflecting on the efficiency of the workforce at the company, Marvell Technology Inc. [MRVL] managed to generate an average of -$51,928 per employee. Receivables Turnover for the company is 5.77 with a Total Asset Turnover recorded at a value of 0.27.Marvell Technology Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.30 and a Current Ratio set at 1.50.

MRVL Stock EPS

With the latest financial reports released by the company, Marvell Technology Inc. posted 0.21/share EPS, while the average EPS was predicted by analysts to be reported at 0.2/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 5.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for MRVL. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Marvell Technology Inc. go to 35.70%.

Marvell Technology Inc. [MRVL] Insider Position Details

There are presently around $39,645 million, or 77.10% of MRVL stock, in the hands of institutional investors. The top three institutional holders of MRVL stocks are: FMR LLC with ownership of 103,962,614, which is approximately 0.676% of the company’s market cap and around 0.20% of the total institutional ownership; BLACKROCK INC., holding 72,812,067 shares of the stock with an approximate value of $3.92 billion in MRVL stocks shares; and VANGUARD GROUP INC, currently with $3.88 billion in MRVL stock with ownership of nearly 0.667% of the company’s market capitalization.

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Positions in Marvell Technology Inc. stocks held by institutional investors increased at the end of June and at the time of the June reporting period, where 436 institutional holders increased their position in Marvell Technology Inc. [NASDAQ:MRVL] by around 96,913,845 shares. Additionally, 379 investors decreased positions by around 88,020,918 shares, while 79 investors held positions by with 551,964,677 shares. The mentioned changes placed institutional holdings at 736,899,440 shares, according to the latest SEC report filing. MRVL stock had 102 new institutional investments in for a total of 7,427,042 shares, while 128 institutional investors sold positions of 16,192,612 shares during the same period.

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