Marvell Technology Inc (NASDAQ: MRVL) is -0.35% lower on its value in year-to-date trading and has touched a low of $47.08 and a high of $127.48 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 $71.55 in the last trading session, with the day’s gains setting it 0.4%.
Currently trading at $71.95, the stock is -1.27% and 8.37% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 15.77 million and changing 0.56% at the moment leaves the stock -13.59% off its SMA200. MRVL registered -34.86% loss for a year compared to 6-month loss of -36.64%. The firm has a 50-day simple moving average (SMA 50) of $66.3944 and a 200-day simple moving average (SMA200) of $83.26485.
The stock witnessed a 10.42% gain in the last 1 month and extending the period to 3 months gives it a 45.56%, and is -7.04% 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 3.91% over the week and 4.11% over the month.
Marvell Technology Inc (MRVL) has around 7042 employees, a market worth around $62.04B and $6.50B in sales. Fwd P/E is 20.16. Profit margin for the company is -7.56%. Distance from 52-week low is 52.81% and -43.56% from its 52-week high. The company has generated returns on investments over the last 12 months (-2.94%).
The EPS is expected to grow by 77.82% this year.
Marvell Technology Inc (MRVL) Top Institutional Holders
1777.0 institutions hold shares in Marvell Technology Inc (MRVL), with institutional investors hold 88.13% of the company’s shares. The shares outstanding are 862.20M, and float is at 857.74M with Short Float at 2.73%. Institutions hold 87.86% of the Float.
The top institutional shareholder in the company is FMR LLC with over 129.87 million shares valued at $9.08 billion. The investor’s holdings represent 15.0021% of the MRVL Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 74.41 million shares valued at $5.2 billion to account for 8.5953 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 61.16 million shares representing 7.0653% and valued at over $4.28 billion, while T. ROWE PRICE INVESTMENT MANAGEMENT, INC. holds 2.9662 of the shares totaling 25.68 million with a market value of $1.79 billion.
Marvell Technology Inc (MRVL) Insider Activity
Still, SEC filings show that on Jun 16 ’25, Meintjes Willem A (Chief Financial Officer) disposed off 1,500 shares at an average price of $68.52 for $0.1 million. The insider now directly holds 121,348 shares of Marvell Technology Inc (MRVL).
