Stocks of Marvell Technology Inc (NASDAQ:MRVL) traded higher last session on Wall Street, down -7.30% to $65.67.
MRVL stock price is now -38.80% away from the 50-day moving average and -23.15% away from the 200-day moving average. The market capitalization of the company currently stands at $56.82B.
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With the price target maintained at $110, Loop Capital recently Upgraded its rating from Hold to Buy for Marvell Technology Inc (NASDAQ: MRVL). On March 06, 2025, TD Cowen reiterated its ‘Buy’ rating on the stock by increasing its target price from $125 to quote $95, while ‘Summit Insights’ rates the stock as ‘Hold’
In other news, Buss Brad W, Director bought 3,000 shares of the company’s stock on Mar 07 ’25. The stock was bought for $207,000 at an average price of $69.00. Upon completion of the transaction, the Director now directly owns 87,113 shares in the company, valued at $5.72 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 18 ’25, Chief Operating Officer Koopmans Chris sold 6,000 shares of the business’s stock. A total of $638,100 was realized by selling the stock at an average price of $106.35. This leaves the insider owning 87,931 shares of the company worth $5.77 million. A total of 0.50% of the company’s stock is owned by insiders.
During the past 12 months, Marvell Technology Inc has had a low of $53.19 and a high of $127.48. As of last week, the company has a debt-to-equity ratio of 0.30, a current ratio of 1.54, and a quick ratio of 1.03.
The net profit margin was -15.35% and return on equity was -6.26% for MRVL. The company reported revenue of $1.52 billion for the quarter, compared to $1.42 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 6.87 percent. For the current quarter, analysts expect MRVL to generate $1.88B in revenue.
