Brokerages Set Marvell Technology, Inc. (NASDAQ:MRVL) PT at $135.97

Shares of Marvell Technology, Inc. (NASDAQ:MRVL) have earned an average rating of “Moderate Buy” from the thirty-eight analysts that are covering the company, Marketbeat Ratings reports. Eight equities research analysts have rated the stock with a hold recommendation, twenty-nine have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $158.7647.

Several brokerages have recently commented on MRVL. Royal Bank Of Canada upped their price objective on shares of Marvell Technology from $170.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday, May 14th. Weiss Ratings restated a “hold (c)” rating on shares of Marvell Technology in a report on Friday, March 27th. Deutsche Bank Aktiengesellschaft set a $120.00 price objective on shares of Marvell Technology in a report on Tuesday, February 10th. Evercore reaffirmed an “outperform” rating and set a $155.00 target price on shares of Marvell Technology in a research note on Tuesday, May 19th. Finally, Barclays downgraded shares of Marvell Technology from an “overweight” rating to a “positive” rating in a research note on Tuesday.

Marvell Technology News Roundup

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

• Positive Sentiment: HSBC upgraded Marvell and lifted its price target sharply, citing strength in AI networking and the broader “AI-networking super-cycle,” while other firms including Oppenheimer, Citi, Stifel and Cantor Fitzgerald also raised targets ahead of earnings. Article Title
• Positive Sentiment: Investors are betting Marvell will deliver another beat-and-raise quarter, with analysts expecting earnings to improve from last year and revenue growth to stay strong in data center and AI-related chips. Article Title
• Positive Sentiment: Broader market sentiment is also helping, as chip stocks are benefiting from AI enthusiasm and lower bond yields, which is supporting futures and risk appetite ahead of Marvell’s report. Article Title

Marvell Technology Stock Performance

NASDAQ:MRVL opened at $208.26 on Wednesday. The company has a current ratio of 2.01, a quick ratio of 1.58 and a debt-to-equity ratio of 0.28. The company’s 50-day moving average price is $139.40 and its 200-day moving average price is $103.70. Marvell Technology has a twelve month low of $58.61 and a twelve month high of $217.45. The company has a market cap of $186.88 billion, a P/E ratio of 67.62, a P/E/G ratio of 1.64 and a beta of 2.25.

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

Marvell Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Friday, April 10th were given a $0.06 dividend. 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 is currently 7.79%.

Insider Buying and Selling

In other Marvell Technology news, CFO Willem A. Meintjes sold 4,000 shares of the stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $175.24, for a total value of $700,960.00. Following the sale, the chief financial officer directly owned 226,675 shares of the company’s stock, valued at approximately $39,722,527. This represents a 1.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sandeep Bharathi sold 66,892 shares of the stock in a transaction that occurred on Thursday, April 16th. The shares were 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 in the company, valued at approximately $7,195,189.65. This represents a 54.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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. In the last 90 days, insiders sold 245,060 shares of company stock worth $29,901,072. Corporate insiders own 0.19% of the company’s stock.

Institutional Investors Weigh In On Marvell Technology

A number of large investors have recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Marvell Technology by 23.5% in the 3rd quarter. Vanguard Group Inc. now owns 79,610,208 shares of the semiconductor company’s stock valued at $6,692,830,000 after purchasing an additional 15,166,976 shares during the last quarter. State Street Corp grew its position in shares of Marvell Technology by 7.9% in the 4th quarter. State Street Corp now owns 22,834,816 shares of the semiconductor company’s stock valued at $1,940,503,000 after buying an additional 1,677,724 shares during the last quarter. Ameriprise Financial Inc. grew its position in shares of Marvell Technology by 59.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 16,624,827 shares of the semiconductor company’s stock valued at $1,397,751,000 after buying an additional 6,217,952 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Marvell Technology by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 12,108,452 shares of the semiconductor company’s stock valued at $1,025,185,000 after buying an additional 97,624 shares during the last quarter. Finally, Franklin Resources Inc. grew its position in shares of Marvell Technology by 47.0% in the 3rd quarter. Franklin Resources Inc. now owns 11,903,051 shares of the semiconductor company’s stock valued at $1,000,689,000 after buying an additional 3,805,431 shares during the last quarter. 83.51% of the stock is owned by hedge funds and other institutional investors.

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.