Marvell Technology, Inc. (NASDAQ:MRVL) Receives $135.97 Consensus Target Price from Analysts

Shares of Marvell Technology, Inc. (NASDAQ:MRVL) have earned a consensus recommendation of “Moderate Buy” from the thirty-seven ratings firms that are covering the company, MarketBeat.com reports. Eight equities research analysts have rated the stock with a hold recommendation, twenty-seven have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $143.7576.

MRVL has been the topic of a number of research analyst reports. Evercore restated an “outperform” rating and issued a $155.00 price target on shares of Marvell Technology in a report on Tuesday, May 19th. Rosenblatt Securities upped their price target on shares of Marvell Technology from $115.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, March 6th. Susquehanna reiterated a “positive” rating on shares of Marvell Technology in a report on Tuesday, February 24th. Erste Group Bank began coverage on shares of Marvell Technology in a report on Thursday, April 2nd. They set a “buy” rating on the stock. Finally, Wells Fargo & Company increased their target price on shares of Marvell Technology from $135.00 to $195.00 and gave the stock an “overweight” rating in a report on Wednesday.

Insider Activity at Marvell Technology

In other Marvell Technology news, CFO Willem A. Meintjes sold 30,000 shares of the stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $134.01, for a total transaction of $4,020,300.00. Following the transaction, the chief financial officer directly owned 154,111 shares in the company, valued at $20,652,415.11. This represents a 16.29% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Mark Casper sold 10,854 shares of the stock in a transaction dated 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 transaction, the executive vice president owned 4,023 shares in the company, valued at approximately $430,501.23. The trade was a 72.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 245,060 shares of company stock worth $29,901,072 over the last quarter. Corporate insiders own 0.19% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Laurel Wealth Advisors LLC bought a new stake in shares of Marvell Technology in the 4th quarter valued at about $25,000. 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 valued at $25,000 after buying an additional 225 shares in the last quarter. Jessup Wealth Management Inc bought a new stake in shares of Marvell Technology in the 4th quarter valued at about $25,000. Cherry Tree Wealth Management LLC bought a new stake in shares of Marvell Technology in the 4th quarter valued at about $26,000. Finally, MidFirst Bank bought a new stake in shares of Marvell Technology in the 4th quarter valued at about $28,000. 83.51% of the stock is currently owned by institutional investors.

Marvell Technology Stock Performance

NASDAQ MRVL opened at $196.33 on Wednesday. The company’s 50-day moving average price is $134.82 and its 200-day moving average price is $102.12. The company has a current ratio of 2.01, a quick ratio of 1.58 and a debt-to-equity ratio of 0.28. The stock has a market cap of $176.17 billion, a PE ratio of 63.74, a PEG ratio of 1.64 and a beta of 2.25. Marvell Technology has a 12 month low of $58.61 and a 12 month high of $198.40.

Marvell Technology (NASDAQ:MRVL) last posted its quarterly 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. The firm had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.21 billion. Marvell Technology had a net margin of 32.58% and a return on equity of 14.22%. The business’s revenue for the quarter was up 22.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.60 earnings per share. Marvell Technology has set its Q1 2027 guidance at 0.740-0.840 EPS. Equities research analysts forecast that Marvell Technology will post 3.04 earnings per share for the current year.

Marvell Technology Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Friday, April 10th were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.1%. The ex-dividend date was Friday, April 10th. Marvell Technology’s dividend payout ratio is presently 7.79%.

Marvell Technology News Roundup

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

• Positive Sentiment: Analysts turned more constructive on Marvell, including Stifel raising its price target from $140 to $210 and Wells Fargo/citi also boosting forecasts, signaling strong confidence in the company’s AI-chip demand. What Is Going On With Marvell Stock On Friday?
• Positive Sentiment: Investor enthusiasm is being driven by Marvell’s exposure to custom AI silicon for major customers like Amazon Trainium and Microsoft Maia, which is fueling expectations for strong growth heading into earnings on May 27. What Is Going On With Marvell Stock On Friday?
• Positive Sentiment: Shares are also benefiting from a broader bid in chip stocks and reports of heavy institutional buying, adding momentum to the stock’s recent record run. See How Big Money, AI Push Marvell Higher
• Neutral Sentiment: With Q1 earnings approaching, investors are focused on whether Marvell can keep delivering on AI-driven data center demand and custom silicon growth, but competition remains a watch point. MRVL to Post Q1 Earnings: Time to Buy, Sell or Hold the Stock?

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.