Marvell Technology Inc. [MRVL] Revenue clocked in at $5.08 billion, down -39.34% YTD: What’s Next?


Marvell Technology Inc. [NASDAQ: MRVL] loss -6.04% or -3.41 points to close at $53.07 with a heavy trading volume of 12004549 shares. The company report on June 8, 2022 that Marvell Joins Universal Chiplet Interconnect Express Consortium.

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Brings Established Expertise in Multi-Chiplet, Cloud-Optimized Silicon Design to Open Industry Standards Collaboration .

Marvell (NASDAQ: MRVL) today announced that the company has joined the Universal Chiplet Interconnect Express (UCIe) Consortium as part of its ongoing development of open chiplet interconnect standards. Marvell’s contributions to the UCIe standard will leverage the company’s advanced chiplet interconnect and packaging experience to help further the consortium’s objective of developing open standards that create a more robust ecosystem for inter-operable chiplets.

It opened the trading session at $55.22, the shares rose to $55.56 and dropped to $52.92, the range by which the price of stock traded the whole day. The daily chart for MRVL points out that the company has recorded -41.05% loss over the past six months. However, it is still -5.57% lower than its most recent low trading price.

If we look at the average trading volume of 9.94M shares, MRVL reached to a volume of 12004549 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about 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 $85.96 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.

Raymond James have made an estimate for Marvell Technology Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on April 25, 2022. While these analysts kept the previous recommendation, Needham dropped their target price from $115 to $105. The new note on the price target was released on March 04, 2022, representing the official price target for Marvell Technology Inc. stock. On January 04, 2022, analysts increased their price target for MRVL shares from 100 to 115.

The Average True Range (ATR) for Marvell Technology Inc. is set at 3.44, with the Price to Sales ratio for MRVL stock in the period of the last 12 months amounting to 9.45. The Price to Book ratio for the last quarter was 2.91, with the Price to Cash per share for the same quarter was set at 0.51. Price to Free Cash Flow for MRVL in the course of the last twelve months was 74.80 with Quick ratio for the last quarter at 1.10.

Trading performance analysis for MRVL stock

Marvell Technology Inc. [MRVL] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -9.99. With this latest performance, MRVL shares gained by 1.01% in over the last four-week period, additionally sinking by -41.05% over the last 6 months – not to mention a rise of 1.86% 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 41.39, with the RSI for the last a single of trading hit 37.36, and the three-weeks RSI is set at 42.96 for Marvell Technology Inc. [MRVL]. The present Moving Average for the last 50 days of trading for this stock 59.60, while it was recorded at 57.93 for the last single week of trading, and 68.49 for the last 200 days.

Marvell Technology Inc. [MRVL]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Marvell Technology Inc. [MRVL] shares currently have an operating margin of -5.68 and a Gross Margin at +46.24. Marvell Technology Inc.’s Net Margin is presently recorded at -9.44.

Return on Equity for this stock declined to -3.49, with Return on Assets sitting at -2.56.

Marvell Technology Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.10 and a Current Ratio set at 1.70.

Marvell Technology Inc. [MRVL]: An earnings per share (EPS) analysis

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 42.14%.

An analysis of insider ownership at Marvell Technology Inc. [MRVL]

There are presently around $36,588 million, or 84.60% of MRVL stock, in the hands of institutional investors. The top three institutional holders of MRVL stocks are: FMR LLC with ownership of 121,164,209, which is approximately 0.359% of the company’s market cap and around 0.20% of the total institutional ownership; BLACKROCK INC., holding 70,469,759 shares of the stock with an approximate value of $3.74 billion in MRVL stocks shares; and VANGUARD GROUP INC, currently with $3.43 billion in MRVL stock with ownership of nearly 2.944% of the company’s market capitalization.

Positions in Marvell Technology Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 506 institutional holders increased their position in Marvell Technology Inc. [NASDAQ:MRVL] by around 46,225,881 shares. Additionally, 459 investors decreased positions by around 66,185,302 shares, while 114 investors held positions by with 577,009,063 shares. The mentioned changes placed institutional holdings at 689,420,246 shares, according to the latest SEC report filing. MRVL stock had 132 new institutional investments in for a total of 11,815,509 shares, while 172 institutional investors sold positions of 15,770,060 shares during the same period.