Marvell Technology (NASDAQ:MRVL) Hits New 1-Year High on Analyst Upgrade

Marvell Technology, Inc. (NASDAQ:MRVL) shares reached a new 52-week high on Tuesday after Susquehanna raised their price target on the stock from $100.00 to $230.00. Susquehanna currently has a positive rating on the stock. Marvell Technology traded as high as $217.45 and last traded at $211.63, with a volume of 7474311 shares traded. The stock had previously closed at $196.33.

Several other equities research analysts have also commented on MRVL. Needham & Company LLC cut their price objective on Marvell Technology from $120.00 to $118.00 and set a “buy” rating for the company in a research note on Tuesday, February 3rd. Morgan Stanley upped their price objective on shares of Marvell Technology from $95.00 to $103.00 and gave the company an “equal weight” rating in a research note on Friday, March 6th. Deutsche Bank Aktiengesellschaft set a $120.00 price target on Marvell Technology in a report on Tuesday, February 10th. UBS Group raised their price objective on shares of Marvell Technology from $120.00 to $195.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Finally, Oppenheimer boosted their target price on shares of Marvell Technology from $170.00 to $200.00 and gave the company an “outperform” rating in a report on Wednesday, May 20th. Two analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $155.73.

Insider Buying and Selling

In other Marvell Technology news, insider Sandeep Bharathi sold 66,892 shares of Marvell Technology stock in a transaction dated Thursday, April 16th. The stock was sold at an average price of $130.35, for a total transaction of $8,719,372.20. Following the completion of the sale, the insider directly owned 55,199 shares of the company’s stock, valued at $7,195,189.65. The trade was a 54.79% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Matthew J. Murphy sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, March 26th. The stock was sold at an average price of $98.70, for a total transaction of $2,961,000.00. Following the sale, the chief executive officer owned 310,106 shares of the company’s stock, valued at $30,607,462.20. This represents a 8.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 245,060 shares of company stock valued at $29,901,072 over the last ninety days. 0.19% of the stock is currently owned by corporate insiders.

Marvell Technology News Roundup

Here are the key news stories impacting Marvell Technology this week:

• Positive Sentiment: Citi lifted its price target on Marvell Technology to $215 from $118 and kept a Buy rating ahead of earnings, signaling confidence in the company’s AI and data-center growth outlook.
• Positive Sentiment: Oppenheimer raised its price target to $200 from $170 and maintained an Outperform rating, saying Marvell remains a standout in data center stocks heading into results.
• Positive Sentiment: Stifel also raised its price target on Marvell Technology, adding to the wave of bullish analyst actions before the earnings release.
• Positive Sentiment: Investor interest remains strong because Marvell is viewed as a possible beneficiary of the “next Nvidia” AI trade, with analysts expecting solid earnings growth from AI chip demand. Article Title
• Neutral Sentiment: Marvell is scheduled to report earnings on May 27, and several previews note that the stock could see a large post-earnings move depending on guidance and demand commentary. Article Title
• Neutral Sentiment: Some analysts and traders are warning that MRVL looks overbought and overvalued after a strong rally, which could limit upside if results fail to impress. Article Title
• Negative Sentiment: Cantor Fitzgerald raised its price target to $190 but kept a Neutral rating, implying the stock may be a bit above fair value near current levels.

Institutional Investors Weigh In On Marvell Technology

Hedge funds and other institutional investors have recently modified their holdings of the stock. Intech Investment Management LLC increased its position in Marvell Technology by 3.9% during the 1st quarter. Intech Investment Management LLC now owns 28,784 shares of the semiconductor company’s stock worth $1,772,000 after purchasing an additional 1,085 shares in the last quarter. Baird Financial Group Inc. increased its position in Marvell Technology by 22.7% during the second quarter. Baird Financial Group Inc. now owns 17,417 shares of the semiconductor company’s stock worth $1,348,000 after purchasing an additional 3,221 shares during the last quarter. Flow Traders U.S. LLC purchased a new position in shares of Marvell Technology in the 2nd quarter worth $354,000. Treasurer of the State of North Carolina increased its stake in Marvell Technology by 3.0% during the second quarter. Treasurer of the State of North Carolina now owns 403,818 shares of the semiconductor company’s stock worth $31,256,000 after acquiring an additional 11,572 shares during the last quarter. Finally, Alliancebernstein L.P. increased its stake in Marvell Technology by 1.0% during the second quarter. Alliancebernstein L.P. now owns 411,569 shares of the semiconductor company’s stock worth $31,855,000 after acquiring an additional 4,060 shares during the last quarter. 83.51% of the stock is currently owned by institutional investors and hedge funds.

Marvell Technology Trading Up 7.8%

The company has a market capitalization of $189.90 billion, a PE ratio of 68.71, a P/E/G ratio of 1.64 and a beta of 2.25. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.58 and a current ratio of 2.01. The business has a fifty day moving average price of $136.99 and a 200 day moving average price of $102.89.

Marvell Technology (NASDAQ:MRVL) last issued its quarterly earnings data on Thursday, March 5th. The semiconductor company reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.01. The company had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.21 billion. Marvell Technology had a return on equity of 14.22% and a net margin of 32.58%.The firm’s quarterly revenue was up 22.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.60 earnings per share. Marvell Technology has set its Q1 2027 guidance at 0.740-0.840 EPS. Analysts expect that Marvell Technology, Inc. will post 3.04 EPS for the current fiscal year.

Marvell Technology Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Friday, April 10th were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, April 10th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.1%. Marvell Technology’s dividend payout ratio (DPR) is presently 7.79%.

About Marvell Technology

Marvell Technology Group is a global semiconductor company that designs and develops integrated circuits and related software for data infrastructure, networking, storage and connectivity markets. The company’s product portfolio includes system-on-chip (SoC) solutions, Ethernet physical-layer transceivers (PHYs), switch and switch silicon, optical interconnect components, storage controllers, and security processors. Marvell’s technology is used to enable high-performance data centers, carrier networks, enterprise and cloud storage, as well as connectivity in automotive and industrial applications.

Founded in 1995 and headquartered in Santa Clara, California, Marvell has grown through both organic development and strategic acquisitions to broaden its capabilities across networking and data interconnect.