Marvell Technology (NASDAQ:MRVL) Trading Up 4.2% – Should You Buy?

Marvell Technology, Inc. (NASDAQ:MRVL)’s stock price shot up 4.2% during trading on Monday . The stock traded as high as $92.52 and last traded at $91.58. 15,700,954 shares were traded during mid-day trading, a decline of 8% from the average session volume of 17,029,820 shares. The stock had previously closed at $87.86.

Wall Street Analyst Weigh In

MRVL has been the subject of several analyst reports. Susquehanna reiterated a “positive” rating on shares of Marvell Technology in a research report on Tuesday, February 24th. Wells Fargo & Company lifted their target price on Marvell Technology from $90.00 to $135.00 and gave the company an “overweight” rating in a research note on Wednesday, December 3rd. Evercore reiterated an “outperform” rating and set a $133.00 price target on shares of Marvell Technology in a research report on Wednesday, March 4th. Piper Sandler set a $110.00 price target on Marvell Technology in a research note on Wednesday, December 3rd. Finally, Roth Mkm lifted their price objective on shares of Marvell Technology from $105.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday, December 3rd. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $117.24.

Marvell Technology Trading Up 4.2%

The stock has a market capitalization of $80.07 billion, a P/E ratio of 29.73, a price-to-earnings-growth ratio of 0.80 and a beta of 1.97. The business has a 50 day simple moving average of $81.70 and a 200-day simple moving average of $82.72. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.58 and a current ratio of 2.01.

Marvell Technology (NASDAQ:MRVL) last posted 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 the consensus estimate of $2.21 billion. Marvell Technology had a return on equity of 14.22% and a net margin of 32.58%.The company’s quarterly revenue was up 22.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.60 EPS. Marvell Technology has set its Q1 2027 guidance at 0.740-0.840 EPS. On average, analysts predict that Marvell Technology, Inc. will post 0.91 EPS for the current year.

Insider Buying and Selling

In other Marvell Technology news, EVP Mark Casper sold 5,000 shares of the company’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $93.08, for a total value of $465,400.00. Following the completion of the sale, the executive vice president directly owned 19,418 shares of the company’s stock, valued at approximately $1,807,427.44. This represents a 20.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.33% of the company’s stock.

Institutional Trading of Marvell Technology

Several institutional investors and hedge funds have recently added to or reduced their stakes in MRVL. Intech Investment Management LLC lifted its position in shares of Marvell Technology by 3.9% during the 1st quarter. Intech Investment Management LLC now owns 28,784 shares of the semiconductor company’s stock valued at $1,772,000 after acquiring an additional 1,085 shares during the last quarter. Foundations Investment Advisors LLC acquired a new position in shares of Marvell Technology in the 2nd quarter worth $292,000. Avantax Advisory Services Inc. grew its holdings in shares of Marvell Technology by 27.2% in the 2nd quarter. Avantax Advisory Services Inc. now owns 119,521 shares of the semiconductor company’s stock worth $9,251,000 after acquiring an additional 25,554 shares during the last quarter. Citizens Financial Group Inc. RI raised its position in shares of Marvell Technology by 27.8% during the second quarter. Citizens Financial Group Inc. RI now owns 18,258 shares of the semiconductor company’s stock worth $1,413,000 after purchasing an additional 3,974 shares during the period. Finally, Kingsview Wealth Management LLC lifted its holdings in shares of Marvell Technology by 71.6% during the second quarter. Kingsview Wealth Management LLC now owns 20,767 shares of the semiconductor company’s stock valued at $1,607,000 after purchasing an additional 8,666 shares during the last quarter. 83.51% of the stock is owned by institutional investors and hedge funds.

Marvell Technology Company Profile

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.