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Keybanc Remains Overweight Recommendation of Marvell Technologies (MRVL)

Fintel reports Keybanc on July 11, 2023 maintained Marvel Technology Report (NASDAQ: MRVL) with Overweight recommendation.

Analyst Price Expectations Suggest 13.19% Gains

One-year average as of July 6, 2023 target price 68.24 for Marvel Technologies. Expectations range from a low of $55.55 to a high of $105.00. The average target price is up 13.19% from the latest reported closing price of 60.29%.

see our corporate leaderboard The target price has the most upside potential.

Marvell Technology’s expected annual revenue is 6,174 million, an increase of 4.30%.Non-GAAP Annual Forecast EPS was 2.11, 0.38% lower than the previous forecast.

Marvell Technology Announces $0.06 Dividend

On June 16, 2023, the company declared: Quarterly regular dividend $0.06 per share ($0.24 per annum). Shareholders of record as of July 7, 2023 will receive payment on July 26, 2023. Previously, the company paid $0.06 per share.

At the current stock price of $60.29/share, the dividend yield is 0.40%.

Looking back over the past five years and taking a weekly sample, the average dividend yield was 0.73%, with the lowest of 0.26% and the highest of 1.67%. The standard deviation of yield is 0.34 (n=235).

The current dividend yield is 0.99 standard deviations below the historical average.

The dividend payout ratio is -1.26. The payout ratio indicates how much of a company’s profits are paid out as dividends. A dividend payout ratio of 1 (1.0) means that 100% of the company’s profits are paid out in dividends. A payout ratio greater than 1 means that companies are using their savings to maintain their dividends, which is not healthy. Companies with little growth prospects are expected to pay most of their profits in dividends, which usually means a dividend payout ratio of 0.5 to 1.0. Companies with good growth prospects are expected to retain a portion of their earnings to invest in that growth prospect, which translates to a dividend payout ratio of 0-0.5x.

The company has not increased its dividend in the past three years.

What is Fund Sentiment?

there is 1601 foundations or institutions reporting positions with Marvel Technology. That’s an increase of 10 owners or 0.63% over the last quarter.Portfolio average weight out of all funds MRVL dedicated was 0.48%, down 0.53%. Total shares owned by institutional investors increased by 6.83% to 850,494,000 shares in the last three months. of put/call ratio MRVL is 1.05, indicating a bearish outlook.

What are other shareholders doing?

MRVL/Marvell Technology Inc shares held by institutional investors

Price T Row Associates holds 42,010,000 shares representing a 4.89% ownership interest in the company. Earlier filings reported that the company owned 18,789,000 shares. will increase 55.27%.office increased MRVL portfolio allocation increased by 143.23% quarter-on-quarter.

OFFICE INVEST ASSET MANAGEMENT owns 31,209,000 shares, representing 3.63% of the company.

FBGRX – Fidelity Prime Company Growth Fund owns 27,569,000 shares, representing 3.21% of the company. Earlier filings reported that the company owned 27,231,000 shares. will increase 1.23%.office Diminished The portfolio’s allocation to MRVL increased by 11.06% quarter-on-quarter.

T. Rowe Price Investment Management owns 26,751,000 shares, representing 3.11% of the company. Earlier filings reported that the company owned 25,272,000 shares. will increase 5.53%.office increased MRVL portfolio allocation increased 15.62% QoQ.

VTSMX – Vanguard Total Stock Market Index Fund Investor Stocks holds 26,406,000 shares representing a 3.07% ownership interest in the company. Earlier filings reported that the company owned 25,910,000 shares. will increase 1.88%.office increased The portfolio’s allocation to MRVL increased by 10.01% quarter-on-quarter.

Marvel Technology Background Information
(This description was provided by us.)

Marvell Technology, Inc. develops and produces semiconductors and related technologies. The company provides security and networking platforms, secure data processing, networking and storage solutions.Marvell Technology Serves Customers Worldwide

Additional resources:

This story was originally Fintel.

The views and opinions expressed herein are those of the authors and do not necessarily reflect those of Nasdaq, Inc.

Summarize this content to 100 words

Fintel reports Keybanc on July 11, 2023 maintained Marvel Technology Report (NASDAQ: MRVL) with Overweight recommendation. Analyst Price Expectations Suggest 13.19% Gains One-year average as of July 6, 2023 target price 68.24 for Marvel Technologies. Expectations range from a low of $55.55 to a high of $105.00. The average target price is up 13.19% from the latest reported closing price of 60.29%.

see our corporate leaderboard The target price has the most upside potential. Marvell Technology’s expected annual revenue is 6,174 million, an increase of 4.30%.Non-GAAP Annual Forecast EPS was 2.11, 0.38% lower than the previous forecast. Marvell Technology Announces $0.06 Dividend On June 16, 2023, the company declared: Quarterly regular dividend $0.06 per share ($0.24 per annum). Shareholders of record as of July 7, 2023 will receive payment on July 26, 2023. Previously, the company paid $0.06 per share. At the current stock price of $60.29/share, the dividend yield is 0.40%. Looking back over the past five years and taking a weekly sample, the average dividend yield was 0.73%, with the lowest of 0.26% and the highest of 1.67%. The standard deviation of yield is 0.34 (n=235).

The current dividend yield is 0.99 standard deviations below the historical average. The dividend payout ratio is -1.26. The payout ratio indicates how much of a company’s profits are paid out as dividends. A dividend payout ratio of 1 (1.0) means that 100% of the company’s profits are paid out in dividends. A payout ratio greater than 1 means that companies are using their savings to maintain their dividends, which is not healthy. Companies with little growth prospects are expected to pay most of their profits in dividends, which usually means a dividend payout ratio of 0.5 to 1.0. Companies with good growth prospects are expected to retain a portion of their earnings to invest in that growth prospect, which translates to a dividend payout ratio of 0-0.5x. The company has not increased its dividend in the past three years. What is Fund Sentiment? there is 1601 foundations or institutions reporting positions with Marvel Technology. That’s an increase of 10 owners or 0.63% over the last quarter.Portfolio average weight out of all funds MRVL dedicated was 0.48%, down 0.53%. Total shares owned by institutional investors increased by 6.83% to 850,494,000 shares in the last three months. of put/call ratio MRVL is 1.05, indicating a bearish outlook. What are other shareholders doing? Price T Row Associates holds 42,010,000 shares representing a 4.89% ownership interest in the company. Earlier filings reported that the company owned 18,789,000 shares. will increase 55.27%.office increased MRVL portfolio allocation increased by 143.23% quarter-on-quarter.

OFFICE INVEST ASSET MANAGEMENT owns 31,209,000 shares, representing 3.63% of the company. FBGRX – Fidelity Prime Company Growth Fund owns 27,569,000 shares, representing 3.21% of the company. Earlier filings reported that the company owned 27,231,000 shares. will increase 1.23%.office Diminished The portfolio’s allocation to MRVL increased by 11.06% quarter-on-quarter. T. Rowe Price Investment Management owns 26,751,000 shares, representing 3.11% of the company. Earlier filings reported that the company owned 25,272,000 shares. will increase 5.53%.office increased MRVL portfolio allocation increased 15.62% QoQ. VTSMX – Vanguard Total Stock Market Index Fund Investor Stocks holds 26,406,000 shares representing a 3.07% ownership interest in the company. Earlier filings reported that the company owned 25,910,000 shares. will increase 1.88%.office increased The portfolio’s allocation to MRVL increased by 10.01% quarter-on-quarter. Marvel Technology Background Information(This description was provided by us.)

Marvell Technology, Inc. develops and produces semiconductors and related technologies. The company provides security and networking platforms, secure data processing, networking and storage solutions.Marvell Technology Serves Customers Worldwide
Additional resources: This story was originally Fintel.

The views and opinions expressed herein are those of the authors and do not necessarily reflect those of Nasdaq, Inc.

https://www.nasdaq.com/articles/keybanc-maintains-marvell-technology-mrvl-overweight-recommendation-0 Keybanc Remains Overweight Recommendation of Marvell Technologies (MRVL)

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