Brokerages Set Marvell Technology, Inc. (NASDAQ:MRVL) Price Target at $94.70

Marvell Technology, Inc. (NASDAQ:MRVL) has been assigned a consensus recommendation of “Moderate Buy” from the thirty-one research firms that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation, twenty-two have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $94.70.

MRVL has been the subject of several research analyst reports. Rosenblatt Securities reaffirmed a “buy” rating and issued a $124.00 price objective on shares of Marvell Technology in a report on Wednesday, June 18th. Needham & Company LLC downgraded shares of Marvell Technology from a “buy” rating to a “cautious” rating in a report on Wednesday, July 16th. Evercore ISI reduced their price objective on shares of Marvell Technology from $135.00 to $133.00 and set an “outperform” rating for the company in a report on Friday, May 30th. Wall Street Zen downgraded shares of Marvell Technology from a “buy” rating to a “hold” rating in a report on Sunday, August 17th. Finally, Bank of America upped their price objective on shares of Marvell Technology from $80.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, June 18th.

Marvell Technology Stock Up 2.5%

MRVL stock opened at $73.00 on Monday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.30 and a quick ratio of 0.94. Marvell Technology has a 1-year low of $47.08 and a 1-year high of $127.48. The firm has a fifty day moving average price of $74.72 and a two-hundred day moving average price of $72.18. The firm has a market cap of $63.06 billion, a price-to-earnings ratio of -128.07, a PEG ratio of 0.77 and a beta of 1.83.

Marvell Technology (NASDAQ:MRVL) last released its quarterly earnings results on Thursday, May 29th. The semiconductor company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.61 by $0.01. The business had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.88 billion. Marvell Technology had a negative net margin of 7.56% and a positive return on equity of 8.42%. The company’s quarterly revenue was up 63.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.24 earnings per share. Marvell Technology has set its Q2 2026 guidance at 0.620-0.720 EPS. Research analysts predict that Marvell Technology will post 0.91 EPS for the current year.

Marvell Technology Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Friday, July 11th were issued 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 was Friday, July 11th. Marvell Technology’s dividend payout ratio is presently -42.11%.

Insider Buying and Selling at Marvell Technology

In other Marvell Technology news, EVP Mark Casper sold 3,000 shares of the company’s stock in a transaction dated 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 directly owned 17,163 shares of the company’s stock, valued at approximately $1,241,743.05. This represents a 14.88% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Panteha Dixon sold 1,283 shares of the company’s stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $68.50, for a total transaction of $87,885.50. Following the completion of the sale, the chief accounting officer directly owned 29,572 shares of the company’s stock, valued at $2,025,682. The trade was a 4.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 5,783 shares of company stock valued at $407,716. 0.19% of the stock is owned by insiders.

Institutional Trading of Marvell Technology

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in Marvell Technology by 1.1% during the 2nd quarter. Vanguard Group Inc. now owns 64,443,232 shares of the semiconductor company’s stock worth $4,987,906,000 after buying an additional 673,110 shares during the period. Brown Advisory Inc. raised its holdings in Marvell Technology by 8.0% during the 2nd quarter. Brown Advisory Inc. now owns 20,840,336 shares of the semiconductor company’s stock worth $1,613,044,000 after buying an additional 1,539,809 shares during the period. Goldman Sachs Group Inc. raised its holdings in Marvell Technology by 32.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 20,661,308 shares of the semiconductor company’s stock worth $1,272,117,000 after buying an additional 5,050,159 shares during the period. State Street Corp raised its holdings in Marvell Technology by 2.7% during the 2nd quarter. State Street Corp now owns 20,573,260 shares of the semiconductor company’s stock worth $1,592,370,000 after buying an additional 533,946 shares during the period. Finally, Janus Henderson Group PLC raised its holdings in Marvell Technology by 6.9% during the 4th quarter. Janus Henderson Group PLC now owns 13,239,154 shares of the semiconductor company’s stock worth $1,462,274,000 after buying an additional 857,087 shares during the period. Institutional investors and hedge funds own 83.51% of the company’s stock.

About Marvell Technology

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.