Marvell Technology, Inc. (NASDAQ:MRVL – Get Free Report)’s share price rose 7.3% during mid-day trading on Tuesday . The company traded as high as $300.00 and last traded at $297.89. Approximately 35,856,084 shares changed hands during trading, an increase of 18% from the average session volume of 30,351,619 shares. The stock had previously closed at $277.75.
Marvell Technology News Summary
Here are the key news stories impacting Marvell Technology this week:
- Positive Sentiment: UBS raised its price target on Marvell and kept a Buy rating, citing improving prospects in the data-center CXL market and stronger demand for next-generation connectivity products. Marvell’s CXL Outlook Brightens
- Positive Sentiment: Erste Group also lifted its FY2028 EPS estimate for Marvell, signaling higher long-term earnings expectations as AI-related demand expands. Marvell estimate update
- Positive Sentiment: Recent coverage says Marvell and Broadcom are well positioned for solid growth from custom AI processors, keeping attention on Marvell’s custom silicon opportunity. Better Custom ASIC Stock: Marvell vs. Broadcom
- Positive Sentiment: Another article argues Marvell’s best days may still be ahead, pointing to continued momentum in AI stocks and prior Buy ratings from Wall Street. Despite Recent Stock Surge, Marvell Technology’s Best Days May Still Be Ahead
- Neutral Sentiment: Broader AI-chip optimism is also helping sentiment, including read-throughs from Amazon’s reported plans around Trainium chips and custom silicon expansion, which investors view as supportive for Marvell’s data-center business. Marvell gains as investors tie the company to a broader custom AI chip opportunity
- Neutral Sentiment: Some recent coverage is more speculative, including bullish long-term articles about Marvell potentially becoming a trillion-dollar company; these add enthusiasm but do not change fundamentals immediately. Marvell Technology Will Be Worth 1 Trillion on This Date
Analysts Set New Price Targets
A number of equities analysts have commented on MRVL shares. Cantor Fitzgerald lifted their price objective on shares of Marvell Technology from $220.00 to $300.00 and gave the stock a “neutral” rating in a research note on Monday. Susquehanna upped their target price on shares of Marvell Technology from $100.00 to $230.00 and gave the company a “positive” rating in a research report on Tuesday, May 26th. Loop Capital raised shares of Marvell Technology to a “strong-buy” rating in a report on Tuesday, June 16th. Zacks Research upgraded Marvell Technology from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 31st. Finally, Benchmark boosted their price objective on Marvell Technology from $130.00 to $275.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $239.81.
Marvell Technology Price Performance
The company has a quick ratio of 2.66, a current ratio of 3.28 and a debt-to-equity ratio of 0.27. The firm’s 50 day simple moving average is $219.64 and its 200 day simple moving average is $134.92. The company has a market capitalization of $260.59 billion, a PE ratio of 102.02, a price-to-earnings-growth ratio of 1.75 and a beta of 2.29.
Marvell Technology (NASDAQ:MRVL – Get Free Report) last posted its quarterly earnings data on Wednesday, May 27th. The semiconductor company reported $0.80 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.80. Marvell Technology had a net margin of 28.99% and a return on equity of 13.83%. The business had revenue of $2.42 billion for the quarter, compared to analysts’ expectations of $2.41 billion. During the same quarter in the previous year, the business posted $0.62 earnings per share. The business’s revenue was up 27.6% compared to the same quarter last year. Marvell Technology has set its Q2 2027 guidance at 0.880-0.980 EPS. As a group, research analysts anticipate that Marvell Technology, Inc. will post 3.07 EPS for the current fiscal year.
Marvell Technology Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, July 30th. Investors of record on Friday, July 10th will be 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 is Friday, July 10th. Marvell Technology’s dividend payout ratio is presently 8.22%.
Insider Buying and Selling
In other Marvell Technology news, insider Sandeep Bharathi sold 2,231 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $299.13, for a total transaction of $667,359.03. Following the completion of the transaction, the insider owned 55,530 shares in the company, valued at $16,610,688.90. The trade was a 3.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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, CEO Matthew J. Murphy sold 7,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $177.26, for a total value of $1,329,450.00. Following the transaction, the chief executive officer directly owned 739,397 shares in the company, valued at approximately $131,065,512.22. This represents a 1.00% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 185,127 shares of company stock worth $25,874,325 over the last three months. 0.12% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Marvell Technology
Large investors have recently bought and sold shares of the business. Focused Wealth Management Inc bought a new stake in shares of Marvell Technology in the first quarter valued at about $608,000. Wilson Asset Management International PTY Ltd. increased its position in Marvell Technology by 20.4% during the 4th quarter. Wilson Asset Management International PTY Ltd. now owns 134,642 shares of the semiconductor company’s stock valued at $11,442,000 after purchasing an additional 22,837 shares during the period. Varma Mutual Pension Insurance Co raised its holdings in shares of Marvell Technology by 25.4% in the 4th quarter. Varma Mutual Pension Insurance Co now owns 158,588 shares of the semiconductor company’s stock valued at $13,477,000 after purchasing an additional 32,130 shares in the last quarter. Lombard Odier Asset Management USA Corp lifted its position in shares of Marvell Technology by 60.5% in the 3rd quarter. Lombard Odier Asset Management USA Corp now owns 32,032 shares of the semiconductor company’s stock worth $2,693,000 after purchasing an additional 12,076 shares during the period. Finally, Jain Global LLC lifted its position in shares of Marvell Technology by 189.6% in the 3rd quarter. Jain Global LLC now owns 443,538 shares of the semiconductor company’s stock worth $37,288,000 after purchasing an additional 290,402 shares during the period. Hedge funds and other institutional investors own 83.51% of the company’s stock.
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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