Marvell Technology (NASDAQ:MRVL) Trading 3% Higher on Analyst Upgrade

Marvell Technology, Inc. (NASDAQ:MRVL)’s stock price traded up 3% during mid-day trading on Friday after Stifel Nicolaus raised their price target on the stock from $140.00 to $210.00. Stifel Nicolaus currently has a buy rating on the stock. Marvell Technology traded as high as $198.40 and last traded at $196.33. 19,688,344 shares were traded during trading, a decline of 7% from the average session volume of 21,212,906 shares. The stock had previously closed at $190.69.

Other analysts have also recently issued research reports about the company. Craig Hallum increased their target price on Marvell Technology from $141.00 to $164.00 and gave the stock a “buy” rating in a research report on Friday, March 6th. Needham & Company LLC cut their target price on Marvell Technology from $120.00 to $118.00 and set a “buy” rating for the company in a research report on Tuesday, February 3rd. B. Riley Financial reiterated a “buy” rating on shares of Marvell Technology in a research report on Tuesday, May 12th. Cantor Fitzgerald increased their target price on Marvell Technology from $100.00 to $120.00 and gave the stock a “neutral” rating in a research report on Thursday, April 9th. Finally, Bank of America increased their target price on Marvell Technology from $125.00 to $200.00 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. Two analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $143.76.

Insider Buying and Selling at Marvell Technology

In other Marvell Technology news, EVP Mark Casper sold 10,854 shares of the firm’s stock in a transaction that occurred on Thursday, April 2nd. The stock was sold at an average price of $107.01, for a total transaction of $1,161,486.54. Following the completion of the transaction, the executive vice president owned 4,023 shares in the company, valued at $430,501.23. This trade represents a 72.96% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Matthew J. Murphy sold 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 26th. The shares were sold at an average price of $98.70, for a total value of $2,961,000.00. Following the transaction, the chief executive officer owned 310,106 shares of the company’s stock, valued at $30,607,462.20. This represents a 8.82% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 245,060 shares of company stock worth $29,901,072 over the last three months. 0.19% of the stock is owned by company insiders.

Trending Headlines about Marvell Technology

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

• Positive Sentiment: Multiple Wall Street firms raised their price targets on Marvell, reinforcing optimism around demand for its AI chips and helping fuel the stock’s rally. What Is Going On With Marvell Stock On Friday?
• Positive Sentiment: Analysts highlighted strong growth potential tied to Amazon Trainium and Microsoft Maia chips, pointing to a large custom AI silicon opportunity for Marvell. What Is Going On With Marvell Stock On Friday?
• Positive Sentiment: Institutional buying and broader strength in semiconductor and technology stocks are adding momentum to MRVL heading into earnings. See How Big Money, AI Push Marvell Higher
• Neutral Sentiment: Investors are watching upcoming Q1 results closely, with AI-driven data center demand and rising competition likely to shape the company’s near-term outlook. MRVL to Post Q1 Earnings: Time to Buy, Sell or Hold the Stock?

Hedge Funds Weigh In On Marvell Technology

Institutional investors and hedge funds have recently modified their holdings of the stock. Hilton Head Capital Partners LLC boosted its holdings in shares of Marvell Technology by 978.3% in the 1st quarter. Hilton Head Capital Partners LLC now owns 248 shares of the semiconductor company’s stock worth $25,000 after purchasing an additional 225 shares during the period. Jessup Wealth Management Inc purchased a new position in shares of Marvell Technology in the 4th quarter worth approximately $25,000. Laurel Wealth Advisors LLC purchased a new position in shares of Marvell Technology in the 4th quarter worth approximately $25,000. Cherry Tree Wealth Management LLC purchased a new position in shares of Marvell Technology in the 4th quarter worth approximately $26,000. Finally, Pittenger & Anderson Inc. boosted its holdings in shares of Marvell Technology by 61.5% in the 1st quarter. Pittenger & Anderson Inc. now owns 315 shares of the semiconductor company’s stock worth $31,000 after purchasing an additional 120 shares during the period. Hedge funds and other institutional investors own 83.51% of the company’s stock.

Marvell Technology Trading Up 3.0%

The stock has a market cap of $176.17 billion, a PE ratio of 63.74, a PEG ratio of 1.56 and a beta of 2.25. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.58 and a current ratio of 2.01. The stock has a fifty day moving average price of $132.70 and a 200 day moving average price of $101.38.

Marvell Technology (NASDAQ:MRVL) last announced its earnings results on Thursday, March 5th. The semiconductor company reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.01. Marvell Technology had a return on equity of 14.22% and a net margin of 32.58%.The firm had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.21 billion. During the same quarter in the previous year, the business earned $0.60 EPS. The company’s quarterly revenue was up 22.1% on a year-over-year basis. Marvell Technology has set its Q1 2027 guidance at 0.740-0.840 EPS. Equities analysts expect that Marvell Technology, Inc. will post 3.04 EPS for the current year.

Marvell Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Friday, April 10th were paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend was Friday, April 10th. Marvell Technology’s dividend payout ratio (DPR) is currently 7.79%.

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.