How to Buy Marvell Technology Stock
Marvell Technology Inc
Marvell Technology, Inc. , together with its subsidiaries, designs, develops, and sells analog, mixed-signal, digital signal processing, and embedded and standalone integrated circuits.
Marvell Technology stock last closed at $66.48, down 2.64% from the previous day, and has increased 64.31% in one year. It has overperformed other stocks in the Semiconductors industry by 0.39 percentage points. Marvell Technology stock is currently +80.16% from its 52-week low of $36.90, and -22.48% from its 52-week high of $85.76.
At the moment, there are 866M MRVL shares outstanding. The market value of MRVL is $57.57B. In the past 24 hours, 9.74M MRVL shares were traded.
How to Buy Marvell Technology Stock
Not sure how to invest in Marvell Technology stock? Here's how.
- Decide where to buy Marvell Technology stock: You need to decide on a stock brokerage, but don't worry - we've tried dozens of online stock brokerages and apps to help you determine where to buy Marvell Technology stock.
- Sign up for a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
- Put funds into your brokerage account: Select your method of payment and add your info.
- Research Marvell Technology stock: The Marvell Technology ticker symbol is MRVL. Is Marvell Technology stock a good investment? Should you buy shares of MRVL? How do MRVL's underlying business fundamentals look? Do top analysts think Marvell Technology is a good buy? Why has MRVL's stock price moved recently? (Hint: Our stock market analysis tools can help you figure out if MRVL is a good stock to buy).
- Make your MRVL purchase: Decide if you will purchase MRVL shares at the current market price or use a limit order to purchase MRVL shares at a specific price.
- Get updates on your MRVL position: Create a watchlist to important notifications about your new investment in Marvell Technology shares.
Step 1: Decide where to buy Marvell Technology stock
You will need a brokerage account in order to access the NASDAQ market and buy MRVL stock.
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Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've chosen the right brokerage, it's time to fill out some personal details so you can buy MRVL stock today.
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- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
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Step 3: Put funds into your brokerage account
Now that you've opened your account on investing apps, you can securely and quickly fund your account:
Check out the tutorial below for more details transferring funds into your new brokerage account.
Step 4: Research Marvell Technology stock
Once you have identified the best place to buy Marvell Technology stock, it's important to evaluate their stock prior to buying, so you actually wrap your head around the risk and upside.
Overview of key MRVL info
Fundamentals of Marvell Technology
WallStreetZen was created to help everyday investors perform more accurate fundamental analysis in less time.
You can view all of the due diligence checks on MRVL's stock page.
How is MRVL stock valued?
You can use a variety of different financial metrics, analyses, models, and charts to gauge MRVL's intrinsic value.
Using relative valuations ratios:
- MRVL may be undervalued based on its P/B ratio of 3.88x, relative to Semiconductors industry P/B ratio of 7.76x
You can do more valuation research on MRVL's stock here.
MRVL Financial Health
Positive Financial Indicators:
- MRVL's operating cash flow of $1.37B allows it to safely service it's debt of $4.17B.
- There are more short-term assets than short-term liabilities on the MRVL balance sheet.
Negative Financial Indicators:
- There are more long-term liabilities than short-term assets on the MRVL balance sheet.
- MRVL profit margin has gone down from -2.8% to -16.9% in the past year.
- Total MRVL debt is higher than 5 years ago, relative to shareholder equity.
- MRVL has a relatively high debt to equity ratio of 0.43.
- MRVL earnings of -$567.70M is not sufficient to cover its interest payments.
Is it a good time to buy MRVL stock, according to Wall Street analysts?
Out of 27 Wall Street analysts who give recommendations on MRVL, the consensus analyst rating on Marvell Technology is a Strong Buy
Please note that analyst forecasts are not recommendations, nor are they financial advice.
Most Recent MRVL Analyst Ratings
John Vinh, a top 2% analyst from KeyBanc maintains MRVL with a strong buy rating and lowers their MRVL price target from $95.00 to $90.00, on Apr 8, 2024.
Atif Malik, a top 1% analyst from Citigroup reiterates MRVL with a strong buy rating and maintains their MRVL price target from $91.00 to $91.00, on Mar 27, 2024.
Jim Kelleher, a top 6% analyst from Argus Research maintains MRVL with a strong buy rating and raises their MRVL price target from $75.00 to $95.00, on Mar 12, 2024.
Argus Research's Jim Kelleher raised their price target on Marvell Technology (NASDAQ: MRVL) by 26.7% from $75 to $95 on 2024/03/12. The analyst maintained their Strong Buy rating on the stock.
Kelleher's update followed an assessment of Marvell Technology's 2024/03/07-dated Q4 and FY 2023 earnings report and participation in the earnings call.
Even with "sluggish demand" from enterprise-scale customers and softening carrier spending following a "lengthy expansion phase," the company's data center segment is seeing gains driven by AI, the analyst told investors.
Marvell is poised for future growth in AI and stabilization in other important areas, even though the macro economy remains unstable, Kelleher added.
Earnings Report
Marvell Technology reported:
For Q4 2024:
- EPS of $0.46, which was in line with both the Zacks Consensus Estimate and Q4 2023.
- Revenue of $1.43B, which beat the Zacks Consensus Estimate of $1.42B.
- Gross margin of 63.9%, up from Q4 2023's 63.5%.
- Operating margin of 33.8%, up from Q4 2023's 33.1%.
For FY 2024:
- EPS of $1.51, which missed FY 2023's $2.12.
- Revenue of $5.51B, which missed FY 2023's $5.92B.
- Gross margin of 61.2 %, down from FY 2023's 64.5 %.
- Operating margin of 29.0 %, down from FY 2023's 35.5 %
For Q1 2025, management guided:
- EPS of $0.18 to $0.28.
- Revenue of $1.150B +/- 5%.
- Gross margin of 62% to 63%.
- Operating expenses of $455M.
Chairman & CEO Matt Murphy commented: "Marvell delivered Q4 2024 revenue of $1.427B, above the mid-point of guidance.
"AI drove strong growth in our data center end market revenue which increased 38% sequentially and 54% Y/Y.
As a critical enabler of accelerated infrastructure for AI, Marvell is well-positioned to capitalize on this massive technology inflection, which continues to gain momentum.
"In Q1 2025, we expect continued sequential growth in our data center revenue with initial shipments of our cloud-optimized silicon programs for AI complementing our electro-optics franchise.
"While we are forecasting soft demand impacting consumer, carrier infrastructure, and enterprise networking in the near term, we expect revenue declines in these end markets to be behind us after Q1, and project a recovery in 2H 2025."
Toshiya Hari, a top 2% analyst from Goldman Sachs maintains MRVL with a strong buy rating and raises their MRVL price target from $74.00 to $84.00, on Mar 11, 2024.
Hans Mosesmann, a top 1% analyst from Rosenblatt reiterates MRVL with a strong buy rating and maintains their MRVL price target from $100.00 to $100.00, on Mar 8, 2024.
You can dive deeper into what analysts are forecasting on the Marvell Technology stock forecast page.
MRVL Momentum
Is MRVL Making Money?
Last year, MRVL revenue was $5.51B. During the last five year, MRVL's revenue has grown by 13.96% per year. This was slower than the Semiconductors industry average of 23.37%.
Dive into MRVL's earnings and revenue performance here.
Are MRVL insiders buying or selling the stock?
Over the last 12 months, insiders at MRVL have sold more shares than they have bought.
Mark Casper, EVP Chief Legal Officer of MRVL, was the latest MRVL insider to sell. They sold $74,328.60 worth of MRVL shares on Apr 15, 2024.
Learn more about who owns MRVL shares here.
Does MRVL provide a stable income stream?
No, Marvell Technology doesn't provide an income stream by paying out dividends.
What do other traders have to say about MRVL?
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Step 5: Make your MRVL purchase
There are two primary order types:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are usually sufficient. - Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
If you want to make sure you're buying or selling at a given price, place a limit order.
Click the Open Trade button and eToro will execute your order.
If you require additional assistance buying stocks on eToro, watch the how to video below:
Step 6: Get updates on your MRVL position
Now that you own some MRVL stock, you'll want to stay up-to-date on your investment.
Add MRVL to a watchlist to keep tabs on your MRVL stock.
MRVL Feed
How to Buy Stock in Marvell Technology
To summarize, here are the 6 steps for buying Marvell Technology stock:
- Decide where to buy Marvell Technology stock
- Sign up for a brokerage account
- Put funds into your brokerage account
- Research Marvell Technology stock
- Make your MRVL purchase
- Get updates on your MRVL position
If you require a online brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you want to get the latest news on your new investment in Marvell Technology, create a watchlist on WallStreetZen today.
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