Marvell Technology Inc (MRVL): A Case For Going Higher

After Hours

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Stocks Info

This NASDAQ-listed company operates within the Semiconductors industry segment, falling under the Technology sector. The current market capitalization of Marvell Technology Inc is $64.84B. A total of 11.37 million shares were traded on the day, compared to an average of 11.24M shares.

In the most recent transaction, Casper Mark sold 2,500 shares of MRVL for 70.07 per share on Jul 01 ’24. After the transaction, the EVP & Chief Legal Officer now owns 20,450 company shares. In a previous transaction on Jun 24 ’24, Durn Daniel bought 1,425 shares at 70.21 per share. MRVL shares that Director owns now total 1,923.

Among the insiders who sold shares, Koopmans Chris disposed of 5,000 shares on Jun 17 ’24 at a per-share price of $73.42. This resulted in the EVP, Chief Operations Officer holding 115,318 shares of MRVL after the transaction. In another insider transaction, MURPHY MATTHEW J sold 30,000 shares at $69.18 per share on May 15 ’24. Company shares held by the Chair of Board, President, CEO now total 686,545.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. 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.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, MRVL has a high of $85.76 and a low of $46.07.

As of this writing, MRVL has an earnings estimate of $0.3 per share for the current quarter. EPS was calculated based on a consensus of 26.0 estimates, with a high estimate of $0.42 per share and a lower estimate of $0.29. The company reported an EPS of $0.33 in the last quarter

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. 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

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. 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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