With its headquarters in Santa Clara, California, Marvell technologies, Inc. is an American business that creates and manufactures semiconductors and associated technologies. The 1995-founded corporation had more than 7,000 workers as of 2023, more than 10,000 patents globally, and $5.9 billion in yearly sales during the 2023 fiscal year.
Integrated circuits are designed, developed, and sold by Marvell Technology Group Ltd. The business provides System-on-a-Chip devices that make use of its intellectual property portfolio in the fields of embedded and standalone integrated circuits, analog, mixed-signal, and digital signal processing. Additionally, it creates software and integrated hardware platforms that use digital computing technologies and are set up to deliver optimum computing solutions. Sehat Sutardja, Weili Dai, and Pantas Sutardja formed the business in January 1995. Its main office is in Hamilton, Bermuda.
Dr. Sehat Sutardja, his wife Weili Dai, and his brother Pantas Sutardja established Marvell in 1995. Near the top of the dot-com boom, on June 27, 2000, an initial public offering raised $90 million.
Sehat Sutardja, the CEO, and Weili Dai, the president, were fired in April 2016 after activist investor Starboard Value fund acquired an approximately 7% interest in the business.
Marvell finalized the purchase of Cavium, Inc. on July 6, 2018. Syed Ali, a co-founder of Cavium, Inc. who had previously served as the organization’s president and CEO, as well as Brad Buss and Edward Frank were all named to the Marvell Board of Directors on the same day.
Prices:
With 44M outstanding shares and a market capitalization of $54.63B, Marvell Technology Group Ltd. stock ended today at $63.05. Under the ticker MRVL, The Marvell Technology Group Ltd. trades on the NASDAQ. In the last day, the price of Marvell Technology Group Ltd. has increased by 1.32%. Presently, the stock price prognosis for Marvell Technology Group Ltd. is optimistic.With a dividend yield of 0.01%, Marvell Technology Group Ltd.’s trailing twelve-month dividend rate is $ 0.239474 per share.
Operating cash flow was $1.30 billion over the past 12 months, while capital expenditures were -$281.40 million, resulting in $1.02 billion in free cash flow.Operating and profit margins are -0.25% and -2.88%, respectively, with a gross margin of 48.22%.The company’s debt to equity ratio is 0.30, while its current ratio is 1.05.The stock has a 41.93 EV/EBITDA ratio and a 57.10 EV/FCF ratio.There are 860.00 million outstanding shares of MRVL. In a year, the number of shares has grown by 1.03%.The market capitalization or net value of MRVL is $54.65 billion. The firm has a $58.30 billion market value.
Analysis:
The price movement demonstrates that Marvell Technology Inc’s (NASDAQ: MRVL) stock price has been in an upward trend for the past three months, growing by 57.20% while hitting higher highs and higher lows. As of this writing, the MRVL stock has encountered resistance, pulled back, and is currently trading close to support at approximately $62.69.
As a result, if the MRVL price declines from its present level, it may strike the closest support levels at $61.21 and $56.54.
The MRVL price, however, can continue to rise if it holds at this level and eventually hit the first and second resistance levels at $67.17 and $68.90.
On the Daily Chart:
- The Moving Averages Convergence Divergence (MACD) indicator for Marvell (MRVL) is 1.00, indicating that Marvell is a Buy.
- With a share price of $63.55 and a 20-Day exponential moving average of 63.06, Marvell (MRVL) is currently a Sell.
- With a share price of $63.55 and a 50-day exponential moving average of 59.43, Marvell (MRVL) is a Buy.
On the Weekly Chart:
- The Moving Averages Convergence Divergence (MACD) indicator for Marvell (MRVL) is 5.57, indicating that Marvell is a Sell.
- With a share price of $63.55 and a 20-Day Exponential Moving Average of 54.58, Marvell (MRVL) is a Buy.
- With a share price of $63.55 and a 50-day exponential moving average of 50.67, Marvell (MRVL) is a Buy.
Indicators:
- The Relative Strength Index (RSI) for Marvell (MRVL) is 64.13, producing a Neutral signal.
- The Trend Strength Indicator (ADX) for Marvell (MRVL) is 31.89, producing a Neutral signal.
- The Commodity Channel Index (CCI) for Marvell (MRVL) is 78.86, producing a Neutral signal.
- The price rate of change (ROC) for Marvell (MRVL) is 64.80, generating a buy signal.
Marvell stock has a market value of $53.913 billion and a total revenue of $5.92 billion. Furthermore, the stock’s basic profits per share are negative $0.19, and the price-to-earnings ratio is negative 323.4. Furthermore, the average volume is 10.155 Million, whereas the current volume is 7.637 Million, indicating that the current volume is lower than the average volume.
Furthermore, the Marvell stock has performed well in the previous month, gaining by 3.18% in the last month and by 34.02% in the last six months. Furthermore, Marvell Technology Inc (NASDAQ: MRVL) had a year-to-date performance of 65.37%.
Prediction:
Our current MRVL stock projection predicts that the value of Marvell Technology Group shares will fall by -8.55% to $ 58.09 per share by August 13, 2023. The present attitude is Bullish, according to our technical indicators, but the Fear & Greed Index is 39 (Fear). Over the previous 30 days, MRVL stock has had 19/30 (63%) green days and 3.69% price volatility. According to our Marvell Technology Group stock projection, it is presently a terrible time to buy MRVL stock because it is trading 9.35% higher than our forecast.
Stock Forecast for Marvell Technology Group in 2025
The Marvell Technology Group stock forecast for 2025 is now $ 105.24, assuming that Marvell Technology Group shares will continue to increase at the same average annual rate as in the previous ten years. The MRVL stock price would rise by 65.69% as a result.
Stock Forecast for Marvell Technology Group in 2030
If Marvell Technology Group maintains its current 10-year average growth rate, its shares will be worth $ 371.88 in 2030. If this Marvell Technology Group stock forecast for 2030 comes true, MRVL stock will increase 485.46% from its present price.
