Analyst price forecast suggests 15.76% upside
By August 2, 2023, average one year price target 71.19 for Marvell Technology. Forecasts range from a low of $60.60 to a high of $105.00. The average price target shows an upside of 15.76% from its latest reported closing price of 61.50.
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Marvell Technology has an estimated annual revenue of 6,174MM, a growth of 4.30%. Estimated Annual Non-GAAP eps 2.11, which is 0.38% less than the earlier forecast.
Marvel Technology Announces $0.06 Dividend
On June 16, 2023, the company made an announcement regular quarterly dividend $0.06 per share ($0.24 annualized). Shareholders of record through July 7, 2023 received the payment on July 26, 2023. Previously, the company paid $0.06 per share.
At the current share price of $61.50/share, the stock’s dividend yield is 0.39%.
Looking back five years and taking a sample each week, the average dividend yield has been 0.71%, with a low of 0.26%, and a high of 1.67%. The standard deviation of the yield is 0.34 (n=235).
The current dividend yield is 0.96 standard deviations below the historical average.
Additionally, the company has a dividend payout ratio of -1.26. The payout ratio tells us what portion of a company’s earnings is paid out as dividends. A payout ratio of one (1.0) means that 100% of the company’s earnings are paid out in dividends. A payout ratio greater than one means the company is dipping into savings to maintain its dividend — this is not a healthy situation. Companies with some growth potential are expected to pay out most of their earnings in dividends, which usually means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings to invest in those growth prospects, which translates into a payout ratio of zero to 0.5.
The company has not increased its dividend in the last three years.
What is Fund Sentiment?
there are 1670 Fund or Institution Reporting Status in Marvell Technology. This is an increase of 72 owners or 4.51% over the previous quarter. average portfolio weight of all funds 0.44% dedicated to MRVL, a decrease of 7.91%. Total shares owned by institutions have increased by 0.63% to 845,849K shares in the past three months. put/call ratio The MRVL is 1.01, indicating a bearish outlook.
What are the other shareholders doing?
Capital Research Global Investors The company holds 32,635K shares representing 3.79% ownership. In its prior filing, the firm reported owning 247K shares, representing a hike of 99.24%. Firm increased Its portfolio allocation in MRVL increased by 17,021.17% as compared to the previous quarter.
Price T Rowe Associates The company holds 30,837K shares representing 3.59% ownership. In its prior filing, the firm reported owning 42,010K shares, representing fall short Of 36.23%. Firm fell short of Its portfolio allocation in MRVL has increased by 6.17% as compared to the previous quarter.
FBGRX – Fidelity Blue Chip Growth Fund The company holds 27,569K shares representing 3.21% ownership. In its prior filing, the firm reported owning 27,231K shares, representing a hike of 1.23%. Firm fell short of Its portfolio allocation in MRVL has increased by 11.06% as compared to the previous quarter.
T. Rowe Price Investment Management The company holds 26,818K shares representing 3.12% ownership. In its prior filing, the firm reported owning 26,751K shares, representing a hike of 0.25%. Firm increased Its portfolio allocation in MRVL has increased by 31.50% as compared to the previous quarter.
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares The company holds 26,406K shares representing 3.07% ownership. In its prior filing, the firm reported owning 25,910K shares, representing a hike of 1.88%. Firm increased Its portfolio allocation in MRVL has increased by 10.01% as compared to the previous quarter.
Marvell Technology Background Information
(This description is provided by the company.)
Marvel Technology, Inc. develops and manufactures semiconductors and related technology. The company provides security and networking platforms, secure data processing, networking and storage solutions. Marvell Technology Serves Customers Worldwide
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