Marvell Technology (NASDAQ:MRVL) Earns Hold Rating from TD Cowen

TD Cowen restated their hold rating on shares of Marvell Technology (NASDAQ:MRVL) in a research note published on Wednesday, MarketBeat Ratings reports. TD Cowen currently has a $85.00 price objective on the semiconductor company’s stock, down from their prior price objective of $90.00.

Other equities analysts have also issued reports about the stock. Jefferies Financial Group lowered their target price on shares of Marvell Technology from $90.00 to $80.00 and set a “buy” rating for the company in a report on Friday, August 29th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Marvell Technology from $80.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, September 25th. Zacks Research upgraded shares of Marvell Technology from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 24th. Barclays reiterated an “overweight” rating and set a $80.00 target price on shares of Marvell Technology in a report on Friday, August 29th. Finally, Wall Street Zen upgraded shares of Marvell Technology from a “hold” rating to a “buy” rating in a report on Saturday, September 13th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Marvell Technology currently has an average rating of “Moderate Buy” and an average price target of $91.67.

Marvell Technology Stock Performance

Shares of MRVL opened at $86.22 on Wednesday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.88 and a quick ratio of 1.44. Marvell Technology has a one year low of $47.08 and a one year high of $127.48. The company has a 50-day simple moving average of $74.27 and a two-hundred day simple moving average of $68.16. The firm has a market capitalization of $74.33 billion, a PE ratio of -663.23, a price-to-earnings-growth ratio of 1.06 and a beta of 1.94.

Marvell Technology (NASDAQ:MRVL) last issued its quarterly earnings data on Thursday, August 28th. The semiconductor company reported $0.67 EPS for the quarter, hitting the consensus estimate of $0.67. Marvell Technology had a negative net margin of 1.43% and a positive return on equity of 11.01%. The business had revenue of $2.01 billion during the quarter, compared to analyst estimates of $2.01 billion. During the same period last year, the business posted $0.30 earnings per share. Marvell Technology’s quarterly revenue was up 57.6% compared to the same quarter last year. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. On average, analysts anticipate that Marvell Technology will post 0.91 EPS for the current fiscal year.

Marvell Technology announced that its board has approved a share repurchase program on Wednesday, September 24th that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the semiconductor company to buy up to 7.8% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.

Marvell Technology Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 30th. Shareholders of record on Friday, October 10th will be given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Friday, October 10th. Marvell Technology’s payout ratio is -184.62%.

Insiders Place Their Bets

In other Marvell Technology news, EVP Mark Casper sold 3,000 shares of Marvell Technology stock in a transaction that occurred on Friday, July 18th. The shares were sold at an average price of $72.35, for a total value of $217,050.00. Following the completion of the sale, the executive vice president owned 17,163 shares of the company’s stock, valued at approximately $1,241,743.05. The trade was a 14.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Willem A. Meintjes bought 3,400 shares of the business’s stock in a transaction on Thursday, September 25th. The stock was bought at an average cost of $78.03 per share, with a total value of $265,302.00. Following the transaction, the chief financial officer owned 132,159 shares in the company, valued at $10,312,366.77. This trade represents a 2.64% increase in their position. The disclosure for this purchase can be found here. Insiders have purchased a total of 27,200 shares of company stock worth $2,109,632 in the last 90 days. Insiders own 0.19% of the company’s stock.

Institutional Investors Weigh In On Marvell Technology

Large investors have recently added to or reduced their stakes in the stock. Taylor Frigon Capital Management LLC grew its position in Marvell Technology by 16.5% in the 2nd quarter. Taylor Frigon Capital Management LLC now owns 33,605 shares of the semiconductor company’s stock worth $2,601,000 after purchasing an additional 4,748 shares during the period. Westbourne Investments Inc. grew its position in shares of Marvell Technology by 442.4% during the 2nd quarter. Westbourne Investments Inc. now owns 21,695 shares of the semiconductor company’s stock valued at $1,679,000 after acquiring an additional 17,695 shares during the period. BOCHK Asset Management Ltd bought a new stake in shares of Marvell Technology during the 2nd quarter valued at $1,486,000. Family Legacy Financial Solutions LLC bought a new stake in shares of Marvell Technology during the 2nd quarter valued at $1,618,000. Finally, Siren L.L.C. grew its position in shares of Marvell Technology by 636.2% during the 1st quarter. Siren L.L.C. now owns 36,808 shares of the semiconductor company’s stock valued at $2,266,000 after acquiring an additional 31,808 shares during the period. Institutional investors own 83.51% of the company’s stock.

Marvell Technology Company Profile

Marvell Technology, Inc, together with its subsidiaries, provides data infrastructure semiconductor solutions, spanning the data center core to network edge. The company develops and scales complex System-on-a-Chip architectures, integrating analog, mixed-signal, and digital signal processing functionality.