Marvell Technology, Inc. (NASDAQ:MRVL – Get Free Report)’s share price was up 6% during trading on Wednesday . The company traded as high as $193.32 and last traded at $186.80. Approximately 29,315,478 shares changed hands during trading, an increase of 38% from the average daily volume of 21,219,760 shares. The stock had previously closed at $176.27.
Trending Headlines about Marvell Technology
Here are the key news stories impacting Marvell Technology this week:
- Positive Sentiment: Multiple Wall Street firms lifted price targets, signaling stronger confidence in Marvell’s AI-driven growth outlook. Why Is Marvell Stock Gaining Wednesday?
- Positive Sentiment: Analysts cited rising demand for AI networking, custom chips, and hyperscale infrastructure as key drivers of future revenue growth. Marvell Technology Poised for Upside to Fiscal Q1 Results, Q2 Outlook on AI Networking, Custom Chips, Oppenheimer Says
- Positive Sentiment: Commentary around Marvell’s AI silicon partnerships and optical networking business is reinforcing its position as a beneficiary of data center spending. Marvell Technology Stock (MRVL) Opinions on Analyst Upgrades and AI Silicon Partnerships
Wall Street Analyst Weigh In
A number of equities research analysts recently commented on MRVL shares. Craig Hallum lifted their price objective on Marvell Technology from $141.00 to $164.00 and gave the stock a “buy” rating in a research note on Friday, March 6th. Melius Research set a $220.00 price objective on Marvell Technology in a research note on Monday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Marvell Technology in a research note on Friday, March 27th. Bank of America lifted their price objective on Marvell Technology from $125.00 to $200.00 and gave the stock a “buy” rating in a research note on Wednesday, May 13th. Finally, B. Riley Financial reissued a “buy” rating on shares of Marvell Technology in a research note on Tuesday, May 12th. Two research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $138.70.
Marvell Technology Trading Up 6.0%
The company has a debt-to-equity ratio of 0.28, a current ratio of 2.01 and a quick ratio of 1.58. The stock has a market capitalization of $167.62 billion, a price-to-earnings ratio of 60.65, a PEG ratio of 1.41 and a beta of 2.25. The business has a 50 day simple moving average of $128.87 and a 200-day simple moving average of $100.00.
Marvell Technology (NASDAQ:MRVL – Get Free Report) last posted its earnings results on Thursday, March 5th. The semiconductor company reported $0.80 earnings per share (EPS) for the quarter, beating 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 period in the previous year, the firm earned $0.60 earnings per share. The company’s 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. As a group, equities analysts expect that Marvell Technology, Inc. will post 3.04 earnings per share for the current year.
Marvell Technology Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Friday, April 10th were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend was Friday, April 10th. Marvell Technology’s dividend payout ratio is currently 7.79%.
Insider Activity at Marvell Technology
In other news, CFO Willem A. Meintjes sold 30,000 shares of the company’s stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $134.01, for a total transaction of $4,020,300.00. Following the completion of the transaction, the chief financial officer directly owned 154,111 shares of the company’s stock, valued at $20,652,415.11. This represents a 16.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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, COO Chris Koopmans sold 10,000 shares of the company’s stock in a transaction dated Monday, April 6th. The stock was sold at an average price of $110.24, for a total value of $1,102,400.00. Following the transaction, the chief operating officer directly owned 133,870 shares of the company’s stock, valued at $14,757,828.80. This represents a 6.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 245,060 shares of company stock valued at $29,901,072 over the last ninety days. Company insiders own 0.33% of the company’s stock.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of MRVL. Intech Investment Management LLC boosted its position in shares of Marvell Technology by 3.9% during the first quarter. Intech Investment Management LLC now owns 28,784 shares of the semiconductor company’s stock worth $1,772,000 after buying an additional 1,085 shares during the period. Baird Financial Group Inc. raised its holdings in Marvell Technology by 22.7% during the second quarter. Baird Financial Group Inc. now owns 17,417 shares of the semiconductor company’s stock worth $1,348,000 after acquiring an additional 3,221 shares in the last quarter. Flow Traders U.S. LLC bought a new stake in Marvell Technology during the second quarter worth about $354,000. Treasurer of the State of North Carolina raised its holdings in Marvell Technology by 3.0% during the second quarter. Treasurer of the State of North Carolina now owns 403,818 shares of the semiconductor company’s stock worth $31,256,000 after acquiring an additional 11,572 shares in the last quarter. Finally, Alliancebernstein L.P. raised its holdings in Marvell Technology by 1.0% during the second quarter. Alliancebernstein L.P. now owns 411,569 shares of the semiconductor company’s stock worth $31,855,000 after acquiring an additional 4,060 shares in 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.
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