Marvell Technology’s (MRVL) “Equal Weight” Rating Reiterated at Barclays

Barclays reissued their equal weight rating on shares of Marvell Technology (NASDAQ:MRVL) in a research note issued to investors on Monday, Marketbeat.com reports. They currently have a $80.00 price target on the semiconductor company’s stock.

Other analysts have also issued reports about the company. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Marvell Technology in a research note on Wednesday, October 8th. Needham & Company LLC lifted their target price on Marvell Technology from $80.00 to $95.00 and gave the stock a “buy” rating in a report on Thursday, September 25th. Cantor Fitzgerald restated a “neutral” rating and set a $75.00 price objective on shares of Marvell Technology in a report on Friday, August 29th. JPMorgan Chase & Co. cut their target price on Marvell Technology from $130.00 to $120.00 and set an “overweight” rating on the stock in a research report on Friday, August 29th. Finally, Oppenheimer lifted their target price on Marvell Technology from $95.00 to $115.00 and gave the company an “outperform” rating in a research report on Friday, October 10th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and thirteen have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $93.06.

Marvell Technology Stock Performance

Shares of NASDAQ:MRVL opened at $81.05 on Monday. The stock has a market capitalization of $69.87 billion, a P/E ratio of -623.46, a P/E/G ratio of 1.03 and a beta of 1.94. Marvell Technology has a 1-year low of $47.08 and a 1-year high of $127.48. The business has a 50-day moving average price of $76.90 and a two-hundred day moving average price of $70.19. The company has a current ratio of 1.88, a quick ratio of 1.44 and a debt-to-equity ratio of 0.30.

Marvell Technology (NASDAQ:MRVL) last issued its quarterly earnings data on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.67. Marvell Technology had a positive return on equity of 11.01% and a negative net margin of 1.43%.The business had revenue of $2.01 billion during the quarter, compared to analyst estimates of $2.01 billion. During the same period in the previous year, the firm earned $0.30 EPS. Marvell Technology’s quarterly revenue was up 57.6% compared to the same quarter last year. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. Equities analysts predict that Marvell Technology will post 0.91 earnings per share for the current year.

Marvell Technology declared that its board has authorized a stock buyback program on Wednesday, September 24th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the semiconductor company to buy up to 7.8% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

Marvell Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 30th. Shareholders of record on Friday, October 10th will be given a $0.06 dividend. The ex-dividend date of this dividend is Friday, October 10th. This represents a $0.24 annualized dividend and a yield of 0.3%. Marvell Technology’s payout ratio is currently -184.62%.

Insiders Place Their Bets

In other Marvell Technology news, CFO Willem A. Meintjes acquired 3,400 shares of the business’s stock in a transaction on Thursday, September 25th. The shares were acquired at an average price of $78.03 per share, with a total value of $265,302.00. Following the completion of the transaction, the chief financial officer owned 132,159 shares in the company, valued at approximately $10,312,366.77. This trade represents a 2.64% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Sandeep Bharathi purchased 3,400 shares of the company’s stock in a transaction dated Thursday, September 25th. The shares were purchased at an average cost of $78.03 per share, for a total transaction of $265,302.00. Following the transaction, the insider directly owned 73,392 shares in the company, valued at approximately $5,726,777.76. The trade was a 4.86% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired a total of 27,200 shares of company stock worth $2,109,632 in the last ninety days. Company insiders own 0.19% of the company’s stock.

Institutional Trading of Marvell Technology

A number of hedge funds and other institutional investors have recently made changes to their positions in MRVL. Norges Bank bought a new stake in shares of Marvell Technology during the 2nd quarter valued at $716,713,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in shares of Marvell Technology by 4,758.5% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 7,036,216 shares of the semiconductor company’s stock valued at $544,603,000 after purchasing an additional 6,891,393 shares during the period. Nuveen LLC bought a new stake in shares of Marvell Technology during the 1st quarter valued at $399,587,000. Goldman Sachs Group Inc. increased its stake in Marvell Technology by 32.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 20,661,308 shares of the semiconductor company’s stock worth $1,272,117,000 after acquiring an additional 5,050,159 shares during the last quarter. Finally, Amundi increased its stake in Marvell Technology by 113.4% in the 2nd quarter. Amundi now owns 8,648,350 shares of the semiconductor company’s stock worth $642,140,000 after acquiring an additional 4,596,309 shares during the last quarter. 83.51% of the stock is currently owned by institutional investors.

About Marvell Technology

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.