Marvell Technology Inc. [MRVL] Revenue clocked in at $5.92 billion, up 5.35% YTD: What’s Next?

Marvell Technology Inc. [NASDAQ: MRVL] loss -1.14% or -0.45 points to close at $39.02 with a heavy trading volume of 13950726 shares. The company report on April 19, 2023 at 9:00 AM that Marvell Demonstrates Industry’s First 3nm Data Infrastructure Silicon.

The 3nm building blocks include high-speed SerDes and parallel interconnects for dramatically boosting the performance of next-generation data infrastructure.

Unlock the Hottest Top 10 Penny Stocks Today! Discover Now

Dive into the world of lucrative penny stocks with MarketClub's groundbreaking "Smart Scan" technology! Get an instant snapshot of the top 50 high volume stocks with a clear direction and outstanding liquidity - in other words, the strongest trending. To unlock this exclusive list, simply provide your first name, last name, and email for instant access.

Gain Access to Top 10 Penny Stocks Now!.


Innovative die-to-die interconnects will enable data transfer speeds at up to 240 Tbps, 45% faster than available alternatives in multichip packages.

It opened the trading session at $39.20, the shares rose to $39.25 and dropped to $37.965, the range by which the price of stock traded the whole day. The daily chart for MRVL points out that the company has recorded 2.41% gains over the past six months. However, it is still -15.61% lower than its most recent low trading price.

If we look at the average trading volume of 11.61M shares, MRVL reached to a volume of 13950726 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 $56.46 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 1.80. 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 March 02, 2023. While these analysts kept the previous recommendation, Needham dropped their target price from $64 to $50. The new note on the price target was released on December 02, 2022, representing the official price target for Marvell Technology Inc. stock. Previously, the target price had yet another drop from $70 to $55, while Cowen kept a Outperform rating on MRVL stock.

The Average True Range (ATR) for Marvell Technology Inc. is set at 1.61, with the Price to Sales ratio for MRVL stock in the period of the last 12 months amounting to 5.69. The Price to Book ratio for the last quarter was 2.13, with the Price to Cash per share for the same quarter was set at 1.06. Price to Free Cash Flow for MRVL in the course of the last twelve months was 38.35 with Quick ratio for the last quarter at 0.90.

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 -3.15. With this latest performance, MRVL shares dropped by -2.84% in over the last four-week period, additionally plugging by 2.41% over the last 6 months – not to mention a drop of -38.00% 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 42.64, with the RSI for the last a single of trading hit 39.54, and the three-weeks RSI is set at 44.49 for Marvell Technology Inc. [MRVL]. The present Moving Average for the last 50 days of trading for this stock 42.00, while it was recorded at 40.44 for the last single week of trading, and 43.93 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 +6.07 and a Gross Margin at +50.47. Marvell Technology Inc.’s Net Margin is presently recorded at -2.76.

Return on Total Capital for MRVL is now 1.73, given the latest momentum, and Return on Invested Capital for the company is -0.80. Return on Equity for this stock declined to -1.04, with Return on Assets sitting at -0.73. When it comes to the capital structure of this company, Marvell Technology Inc. [MRVL] has a Total Debt to Total Equity ratio set at 32.77. Additionally, MRVL Total Debt to Total Capital is recorded at 24.68, with Total Debt to Total Assets ending up at 22.75. Long-Term Debt to Equity for the company is recorded at 27.99, with the Long-Term Debt to Total Capital now at 21.08.

Reflecting on the efficiency of the workforce at the company, Marvell Technology Inc. [MRVL] managed to generate an average of -$21,952 per employee. Receivables Turnover for the company is 5.28 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 0.90 and a Current Ratio set at 1.40.

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 17.00%.

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

There are presently around $27,404 million, or 86.10% of MRVL stock, in the hands of institutional investors. The top three institutional holders of MRVL stocks are: FMR LLC with ownership of 127,977,149, which is approximately 0.081% of the company’s market cap and around 0.20% of the total institutional ownership; VANGUARD GROUP INC, holding 68,212,358 shares of the stock with an approximate value of $2.66 billion in MRVL stocks shares; and BLACKROCK INC., currently with $2.16 billion in MRVL stock with ownership of nearly -11.339% of the company’s market capitalization.

Positions in Marvell Technology Inc. stocks held by institutional investors increased at the end of Thursday and at the time of the Thursday reporting period, where 423 institutional holders increased their position in Marvell Technology Inc. [NASDAQ:MRVL] by around 63,512,838 shares. Additionally, 413 investors decreased positions by around 66,070,964 shares, while 116 investors held positions by with 572,717,533 shares. The mentioned changes placed institutional holdings at 702,301,335 shares, according to the latest SEC report filing. MRVL stock had 114 new institutional investments in for a total of 14,186,047 shares, while 112 institutional investors sold positions of 14,112,456 shares during the same period.


Please enter your comment!
Please enter your name here