Marvell Technology’s (MRVL) “Buy” Rating Reiterated at B. Riley

B. Riley restated their buy rating on shares of Marvell Technology (NASDAQ:MRVL) in a research report released on Wednesday morning, MarketBeat Ratings reports. The firm currently has a $115.00 price target on the semiconductor company’s stock, up from their previous price target of $110.00. B. Riley also issued estimates for Marvell Technology’s Q3 2026 earnings at $0.56 EPS, Q4 2026 earnings at $0.62 EPS, FY2026 earnings at $2.17 EPS, Q1 2027 earnings at $0.59 EPS, Q2 2027 earnings at $0.66 EPS, Q3 2027 earnings at $0.74 EPS, Q4 2027 earnings at $0.83 EPS and FY2027 earnings at $2.82 EPS.

Other equities analysts have also recently issued reports about the stock. Rosenblatt Securities restated a “buy” rating and issued a $124.00 target price on shares of Marvell Technology in a research report on Wednesday. Citigroup reduced their target price on shares of Marvell Technology from $122.00 to $96.00 and set a “buy” rating on the stock in a report on Friday, April 11th. Melius Research lowered shares of Marvell Technology from a “strong-buy” rating to a “hold” rating and set a $66.00 target price on the stock. in a report on Thursday, May 22nd. Piper Sandler reaffirmed an “overweight” rating and issued a $85.00 price objective (down from $95.00) on shares of Marvell Technology in a research note on Friday, May 30th. Finally, Redburn Atlantic began coverage on shares of Marvell Technology in a research note on Wednesday, May 28th. They issued a “neutral” rating and a $67.00 price objective on the stock. Seven analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Marvell Technology currently has a consensus rating of “Moderate Buy” and a consensus target price of $96.33.

Marvell Technology Price Performance

Shares of MRVL opened at $73.51 on Wednesday. The company’s 50-day moving average is $62.02 and its 200-day moving average is $84.50. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.30 and a quick ratio of 0.94. The firm has a market capitalization of $63.50 billion, a PE ratio of -128.96, a PEG ratio of 0.81 and a beta of 1.76. Marvell Technology has a fifty-two week low of $47.09 and a fifty-two week high of $127.48.

Marvell Technology (NASDAQ:MRVL) last posted its earnings results on Thursday, May 29th. The semiconductor company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.01. Marvell Technology had a negative net margin of 7.56% and a positive return on equity of 8.42%. The company had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.88 billion. During the same quarter last year, the company posted $0.24 EPS. Marvell Technology’s quarterly revenue was up 63.3% compared to the same quarter last year. Equities analysts forecast that Marvell Technology will post 0.91 EPS for the current year.

Marvell Technology Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Friday, July 11th will be issued a $0.06 dividend. The ex-dividend date of this dividend is Friday, July 11th. This represents a $0.24 annualized dividend and a dividend yield of 0.33%. Marvell Technology’s dividend payout ratio is currently -42.11%.

Insider Buying and Selling

In other Marvell Technology news, EVP Mark Casper sold 12,460 shares of the stock in a transaction dated Wednesday, April 23rd. The shares were sold at an average price of $55.00, for a total transaction of $685,300.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Willem A. Meintjes sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $68.52, for a total transaction of $102,780.00. Following the completion of the transaction, the chief financial officer now owns 121,348 shares of the company’s stock, valued at $8,314,764.96. This trade represents a 1.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 27,394 shares of company stock worth $1,656,076. Insiders own 0.19% of the company’s stock.

Hedge Funds Weigh In On Marvell Technology

A number of large investors have recently modified their holdings of MRVL. Norges Bank bought a new stake in Marvell Technology during the fourth quarter valued at approximately $1,138,354,000. GQG Partners LLC bought a new stake in Marvell Technology in the fourth quarter valued at $802,410,000. Nuveen Asset Management LLC boosted its holdings in Marvell Technology by 232.2% in the fourth quarter. Nuveen Asset Management LLC now owns 9,360,425 shares of the semiconductor company’s stock valued at $1,033,859,000 after acquiring an additional 6,543,132 shares in the last quarter. Nuveen LLC bought a new stake in shares of Marvell Technology during the 1st quarter valued at $399,587,000. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of 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 valued at $1,272,117,000 after buying an additional 5,050,159 shares in the last quarter. 83.51% of the stock is currently owned by institutional investors.

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.