Marvell Technology (NASDAQ:MRVL) Price Target Raised to $360.00

Marvell Technology (NASDAQ:MRVL) had its price target boosted by JPMorgan Chase & Co. from $305.00 to $360.00 in a research report sent to investors on Wednesday morning,Benzinga reports. They currently have an overweight rating on the semiconductor company’s stock.

Other analysts have also recently issued research reports about the company. Needham & Company LLC boosted their price target on Marvell Technology from $300.00 to $400.00 and gave the stock a “buy” rating in a research report on Wednesday. Citigroup increased their price objective on Marvell Technology from $225.00 to $275.00 and gave the company a “buy” rating in a report on Friday, August 21st. Weiss Ratings raised Marvell Technology from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, October 2nd. Roth Capital restated a “buy” rating and issued a $350.00 target price on shares of Marvell Technology in a report on Thursday, August 20th. Finally, Seaport Research Partners began coverage on Marvell Technology in a research report on Tuesday, September 22nd. They set a “buy” rating and a $270.00 target price for the company. Two equities research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, Marvell Technology has a consensus rating of “Moderate Buy” and a consensus price target of $320.82.

Marvell Technology Stock Up 0.2%

Marvell Technology stock opened at $275.28 on Wednesday. The company has a market capitalization of $241.39 billion, a P/E ratio of 90.85, a P/E/G ratio of 8.19 and a beta of 2.26. The firm’s fifty day simple moving average is $237.21 and its 200-day simple moving average is $210.69. The company has a current ratio of 3.17, a quick ratio of 2.62 and a debt-to-equity ratio of 0.27. Marvell Technology has a 1-year low of $70.68 and a 1-year high of $329.88.

Marvell Technology (NASDAQ:MRVL) last released its quarterly earnings data on Thursday, August 27th. The semiconductor company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.01. The business had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.72 billion. Marvell Technology had a net margin of 27.93% and a return on equity of 13.57%. Marvell Technology’s quarterly revenue was up 36.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.67 EPS. Marvell Technology has set its Q3 2027 guidance at 1.050-1.150 EPS. Sell-side analysts forecast that Marvell Technology will post 3.05 earnings per share for the current fiscal year.

Marvell Technology Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 29th. Stockholders of record on Friday, October 9th will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend is Friday, October 9th. Marvell Technology’s dividend payout ratio (DPR) is currently 7.92%.

Insider Transactions at Marvell Technology

In other news, CEO Matthew Murphy sold 7,500 shares of Marvell Technology stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $223.39, for a total value of $1,675,425.00. Following the transaction, the chief executive officer directly owned 775,686 shares in the company, valued at approximately $173,280,495.54. The trade was a 0.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Justin Scarpulla sold 1,100 shares of the business’s stock in a transaction dated Thursday, October 8th. The stock was sold at an average price of $273.59, for a total value of $300,949.00. Following the transaction, the chief accounting officer directly owned 909 shares of the company’s stock, valued at $248,693.31. This represents a 54.75% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 46,100 shares of company stock worth $10,205,174. Company insiders own 0.12% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of MRVL. BlackRock Inc. increased its position in Marvell Technology by 34.1% during the second quarter. BlackRock Inc. now owns 85,641,174 shares of the semiconductor company’s stock worth $25,511,649,000 after acquiring an additional 21,798,190 shares during the period. State Street Corp raised its stake in Marvell Technology by 79.3% during the 2nd quarter. State Street Corp now owns 41,834,272 shares of the semiconductor company’s stock valued at $12,462,011,000 after purchasing an additional 18,495,866 shares during the last quarter. Bank of America Corp DE bought a new stake in Marvell Technology in the 2nd quarter valued at $2,607,795,000. Bank of New York Mellon Corp boosted its holdings in Marvell Technology by 153.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 7,957,985 shares of the semiconductor company’s stock valued at $2,370,604,000 after purchasing an additional 4,815,725 shares during the period. Finally, Legal & General Group Plc acquired a new stake in Marvell Technology in the 2nd quarter worth $1,742,526,000. 83.51% of the stock is currently owned by institutional investors and hedge funds.

Marvell Technology News Roundup

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

• Positive Sentiment: Marvell raised its fiscal 2031 revenue target to approximately $70 billion to $90 billion, compared with a fiscal 2026 base of $8.2 billion. Management also outlined a $20 billion 2028 revenue target, reinforcing expectations for strong demand for custom AI chips, networking products and data-center connectivity. Marvell Technology Lifts 2031 Revenue Goal
• Positive Sentiment: The company estimates that connecting AI chips could become a roughly $37 billion business, improving the long-term growth case for its electro-optics, networking and custom silicon offerings. The forecast also lifted sentiment toward related AI infrastructure companies. Marvell Says Connecting AI Chips Could Be a $37 Billion Business
• Positive Sentiment: Barclays maintained a Buy rating, while reports also cited favorable views or price-target increases from JPMorgan, RBC, Susquehanna, Cantor Fitzgerald and Bank of America. This analyst support is helping sustain momentum after the investor-day presentation. Barclays Keeps Their Buy Rating on Marvell
• Neutral Sentiment: Marvell plans to showcase a broad portfolio of open AI infrastructure solutions at the OCP Global Summit, providing potential product and customer visibility but no immediate change to earnings guidance. Marvell to Showcase Open AI Infrastructure Solutions
• Negative Sentiment: Some analysts warn that the stock’s substantial multiyear rally has already priced in significant AI success. At roughly 24 times forward earnings, valuation may look reasonable relative to the growth targets, but it remains exposed to execution risk, customer concentration and any slowdown in AI data-center spending. Marvell Stock Could Be Below Fair Value
• Negative Sentiment: Higher Treasury yields and oil prices recently pressured high-growth technology shares, contributing to volatility in MRVL despite its favorable company-specific outlook. What’s Going On With Marvell Technology Stock

About Marvell Technology

Marvell Technology, Inc (NASDAQ: MRVL) is a fabless semiconductor company that develops technologies for data infrastructure. Its products are used to move, process, store and secure data across cloud data centers, enterprise networks, telecommunications systems, automotive platforms and other communications applications.

The company’s portfolio includes custom application-specific integrated circuits, data processing and networking solutions, Ethernet products, storage controllers, optical and electro-optical components, and connectivity technologies.