Morgan Stanley Increases Marvell Technology (NASDAQ:MRVL) Price Target to $172.00

Marvell Technology (NASDAQ:MRVL) had its price objective raised by equities researchers at Morgan Stanley from $103.00 to $172.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the semiconductor company’s stock. Morgan Stanley’s price target suggests a potential downside of 17.42% from the stock’s current price.

Several other research analysts also recently weighed in on the stock. Rosenblatt Securities upped their target price on shares of Marvell Technology from $115.00 to $140.00 and gave the company a “buy” rating in a research note on Friday, March 6th. Erste Group Bank started coverage on shares of Marvell Technology in a research note on Thursday, April 2nd. They issued a “buy” rating for the company. KGI Securities upgraded Marvell Technology from a “neutral” rating to an “outperform” rating and set a $110.00 target price for the company in a research note on Friday, March 6th. Craig Hallum raised their target price on Marvell Technology from $141.00 to $164.00 and gave the company a “buy” rating in a research note on Friday, March 6th. Finally, Bank of America boosted their price target on Marvell Technology from $125.00 to $200.00 and gave the stock a “buy” rating in a research note on Wednesday, May 13th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, Marvell Technology presently has a consensus rating of “Moderate Buy” and a consensus target price of $158.76.

Marvell Technology Trading Up 6.1%

Shares of Marvell Technology stock traded up $11.96 during trading hours on Tuesday, reaching $208.29. 14,208,172 shares of the company’s stock were exchanged, compared to its average volume of 21,118,803. Marvell Technology has a 52-week low of $58.61 and a 52-week high of $217.45. The firm has a market capitalization of $186.90 billion, a price-to-earnings ratio of 67.63, a price-to-earnings-growth ratio of 1.64 and a beta of 2.25. The company has a fifty day moving average of $136.99 and a 200-day moving average of $102.89. The company has a current ratio of 2.01, a quick ratio of 1.58 and a debt-to-equity ratio of 0.28.

Marvell Technology (NASDAQ:MRVL) last issued its quarterly earnings results on Thursday, March 5th. The semiconductor company reported $0.80 earnings per share 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 analyst estimates of $2.21 billion. Marvell Technology had a return on equity of 14.22% and a net margin of 32.58%.The business’s revenue for the quarter was up 22.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.60 EPS. Marvell Technology has set its Q1 2027 guidance at 0.740-0.840 EPS. Sell-side analysts forecast that Marvell Technology will post 3.04 EPS for the current fiscal year.

Insider Activity

In related news, EVP Mark Casper sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $135.50, for a total transaction of $1,355,000.00. Following the sale, the executive vice president owned 35,878 shares of the company’s stock, valued at $4,861,469. The trade was a 21.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Willem A. Meintjes sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $175.24, for a total value of $700,960.00. Following the sale, the chief financial officer directly owned 226,675 shares in the company, valued at approximately $39,722,527. The trade was a 1.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 245,060 shares of company stock valued at $29,901,072 over the last 90 days. Corporate insiders own 0.19% of the company’s stock.

Institutional Investors Weigh In On Marvell Technology

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Marvell Technology by 23.5% during the third quarter. Vanguard Group Inc. now owns 79,610,208 shares of the semiconductor company’s stock worth $6,692,830,000 after purchasing an additional 15,166,976 shares in the last quarter. State Street Corp increased its holdings in shares of Marvell Technology by 7.9% in the fourth quarter. State Street Corp now owns 22,834,816 shares of the semiconductor company’s stock valued at $1,940,503,000 after buying an additional 1,677,724 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Marvell Technology by 59.7% in the third quarter. Ameriprise Financial Inc. now owns 16,624,827 shares of the semiconductor company’s stock valued at $1,397,751,000 after buying an additional 6,217,952 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Marvell Technology by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 12,108,452 shares of the semiconductor company’s stock valued at $1,025,185,000 after buying an additional 97,624 shares in the last quarter. Finally, Franklin Resources Inc. increased its holdings in shares of Marvell Technology by 47.0% in the third quarter. Franklin Resources Inc. now owns 11,903,051 shares of the semiconductor company’s stock valued at $1,000,689,000 after buying an additional 3,805,431 shares in the last quarter. Institutional investors own 83.51% of the company’s stock.

Key Stories Impacting Marvell Technology

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

• Positive Sentiment: Citi lifted its price target on Marvell Technology to $215 from $118 and kept a Buy rating ahead of earnings, signaling confidence in the company’s AI and data-center growth outlook.
• Positive Sentiment: Oppenheimer raised its price target to $200 from $170 and maintained an Outperform rating, saying Marvell remains a standout in data center stocks heading into results.
• Positive Sentiment: Stifel also raised its price target on Marvell Technology, adding to the wave of bullish analyst actions before the earnings release.
• Positive Sentiment: Investor interest remains strong because Marvell is viewed as a possible beneficiary of the “next Nvidia” AI trade, with analysts expecting solid earnings growth from AI chip demand. Article Title
• Neutral Sentiment: Marvell is scheduled to report earnings on May 27, and several previews note that the stock could see a large post-earnings move depending on guidance and demand commentary. Article Title
• Neutral Sentiment: Some analysts and traders are warning that MRVL looks overbought and overvalued after a strong rally, which could limit upside if results fail to impress. Article Title
• Negative Sentiment: Cantor Fitzgerald raised its price target to $190 but kept a Neutral rating, implying the stock may be a bit above fair value near current levels.

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.