Unusual Volume in Marvell Technology Put Options - Is MRVL Stock Undervalued?

Core Viewpoint - Marvell Technology, Inc. (MRVL) stock is currently perceived as undervalued by 38% at over $116 per share, driven by its recent acquisition and strong free cash flow [1][7] Group 1: Stock Performance and Options Activity - MRVL stock has decreased to $84.32 per share, presenting a potential opportunity for value investors [3] - There is significant trading activity in out-of-the-money (OTM) put options, with over 13,000 contracts traded at a $70.00 exercise price, indicating a bearish sentiment among some investors [4] - However, the trading of these puts may also reflect bullish sentiment from investors looking to short these puts for a cheaper entry point into MRVL stock [5][6] Group 2: Financial Performance - Marvell Technology reported a 37% year-over-year revenue increase and a 3.4% quarter-over-quarter rise for fiscal Q3 ended November 1, 2025 [8] - Free cash flow (FCF) for the same period was $508.8 million, representing a 10.3% year-over-year increase, with a trailing 12-month FCF of $1.581 billion, up 10.7% year-over-year [8] - FCF margins are strong, with FCF accounting for 24.53% of quarterly revenue and 20.29% on a trailing 12-month basis, indicating high profitability [8] - Analysts project revenue for the year ending January 31, 2027, to be nearly $10 billion, specifically $9.98 billion [9]