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Here is a breakdown of major shareholders in Marvell Technology Inc. (NASDAQ: MRVL)

Marvell Technology Inc. (NASDAQ: MRVL) is -50.26% lower on its value in year-to-date trading and has touched a low of $41.07 and a high of $93.85 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The MRVL stock was last observed hovering at around $45.46 in the last trading session, with the day’s loss setting it -1.94% off its average median price target of $70.00 for the next 12 months. It is also 65.18% off the consensus price target high of $125.00 offered by 32 analysts, but current levels are 24.97% higher than the price target low of $58.00 for the same period.

Currently trading at $43.52, the stock is -9.27% and -14.72% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 12.05 million and changing -4.27% at the moment leaves the stock -30.43% off its SMA200. MRVL registered -30.56% loss for a year compared to 6-month loss of -36.87%.

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The stock witnessed a -15.63% gain in the last 1 month and extending the period to 3 months gives it a -5.92%, and is -6.75% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.01% over the week and 4.46% over the month.

Marvell Technology Inc. (MRVL) has around 6729 employees, a market worth around $37.36B and $5.52B in sales. Fwd P/E is 15.54. Profit margin for the company is -3.90%. Distance from 52-week low is 5.97% and -53.63% from its 52-week high. The company has generated returns on investments over the last 12 months (-1.40%).

Marvell Technology Inc. (MRVL) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Marvell Technology Inc. (MRVL) is a “Buy”. 32 analysts offering their recommendations for the stock have an average rating of 1.90, where 4 rate it as a Hold and 2 think it is a “Overweight”. 26 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Marvell Technology Inc. is expected to release its quarterly report on 12/02/2022.The EPS is expected to shrink by -27.40% this year

Marvell Technology Inc. (MRVL) Top Institutional Holders

The shares outstanding are 850.90M, and float is at 847.61M with Short Float at 1.98%.

Marvell Technology Inc. (MRVL) Insider Activity

A total of 172 insider transactions have happened at Marvell Technology Inc. (MRVL) in the last six months, with sales accounting for 92 and purchases happening 80 times. The most recent transaction is an insider sale by GAYNOR MITCHELL, the company’s EVP, CALO. SEC filings show that GAYNOR MITCHELL sold 5,000 shares of the company’s common stock on Sep 15 at a price of $47.75 per share for a total of $0.24 million. Following the sale, the insider now owns 0.11 million shares.

Marvell Technology Inc. disclosed in a document filed with the SEC on Sep 02 that STRACHAN MICHAEL G (Director) bought a total of 6,781 shares of the company’s common stock. The trade occurred on Sep 02 and was made at $46.32 per share for $0.31 million. Following the transaction, the insider now directly holds 36389.0 shares of the MRVL stock.

Still, SEC filings show that on Aug 15, GAYNOR MITCHELL (EVP, CALO) disposed off 5,000 shares at an average price of $55.30 for $0.28 million. The insider now directly holds 113,429 shares of Marvell Technology Inc. (MRVL).

Marvell Technology Inc. (MRVL): Who are the competitors?

The company’s main competitors (and peers) include NVIDIA Corporation (NVDA) that is trading -42.75% down over the past 12 months and Broadcom Inc. (AVGO) that is -4.59% lower over the same period. QUALCOMM Incorporated (QCOM) is -7.01% down on the 1-year trading charts.

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