MRVL Should I Buy
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Marvell Technology Inc (MRVL) is not a strong buy at the moment for a beginner investor with a long-term strategy. While the company has positive growth prospects in AI and semiconductor markets, the recent financial performance, insider selling trends, and lack of strong trading signals suggest it is better to hold off on purchasing the stock right now.
The stock's MACD is positive and contracting, indicating a weakening bullish trend. RSI is neutral at 42.336, and moving averages are bullish (SMA_5 > SMA_20 > SMA_200). The stock is trading near its pivot level of 77.664, with support at 72.662 and resistance at 82.666. However, pre-market price is slightly down (-0.37%), reflecting minor bearish sentiment.
Marvell's acquisition of XConn Technologies and Celestial AI is expected to enhance its capabilities and drive long-term revenue growth.
Partnerships with major U.S. hyperscalers and rising demand for AI-related components are positive indicators for future growth.
Revenue increased by 36.83% YoY in Q3 2026, showcasing strong top-line growth.
Insiders are selling heavily, with a 267.75% increase in selling activity over the last month.
Net income dropped significantly (-381.13% YoY), and EPS also declined (-382.05% YoY), indicating profitability challenges.
Analysts have been lowering price targets recently, citing near-term dilution and cost increases from acquisitions.
In Q3 2026, revenue increased by 36.83% YoY to $2.07 billion, but net income dropped by -381.13% YoY to $1.9 billion. EPS also fell by -382.05% YoY to 2.2. Gross margin improved to 51.59%, up 10.76% YoY, indicating operational efficiency despite profitability concerns.
Analysts maintain a generally positive outlook with Buy ratings, but several firms have lowered their price targets recently, citing near-term dilution and cost increases from acquisitions. The average price target remains above the current price, reflecting long-term optimism.
