Marvell Technology Inc (NASDAQ: MRVL) Could Achieve Gains In The Near Future

After Hours

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Stocks Info

Marvell Technology Inc is listed on the NASDAQ in the Technology sector while operating in the Semiconductors industry. The current market capitalization of Marvell Technology Inc is $59.49B. A total of 6.03 million shares were traded on the day, compared to an average of 11.65M shares.

In the most recent transaction, Durn Daniel bought 1,425 shares of MRVL for 70.21 per share on Jun 24 ’24. After the transaction, the Director now owns 1,923 company shares. In a previous transaction on Jun 17 ’24, Koopmans Chris sold 5,000 shares at 73.42 per share. MRVL shares that EVP, Chief Operations Officer owns now total 115,318.

Among the insiders who sold shares, MURPHY MATTHEW J disposed of 30,000 shares on May 15 ’24 at a per-share price of $69.18. This resulted in the Chair of Board, President, CEO holding 686,545 shares of MRVL after the transaction. In another insider transaction, Koopmans Chris sold 5,000 shares at $68.57 per share on May 15 ’24. Company shares held by the EVP, Chief Operations Officer now total 119,719.

Dividend

The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. MRVL’s most recent ex-dividend date was 7/12/2024 when it declared a $0.06 quarterly dividend that was paid in cash on 7/31/2024. Previously, the company paid the dividend on 5/1/2024 with an ex-dividend date of 4/11/2024. The MRVL stock dividend was $0.06 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. In terms of 52-week highs and lows, MRVL has a high of $85.76 and a low of $46.07.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. MRVL’s latest balance sheet shows that the firm has $613.50M in Cash & Short Term Investments as of fiscal 2022. There were $4.73B in debt and $1.39B in liabilities at the time. Its Book Value Per Share was $16.73, while its Total Shareholder’s Equity was $15.70B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for MRVL is Buy with a score of 4.86.

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