Marvell Technology (NASDAQ:MRVL – Free Report) had its price target raised by Rosenblatt Securities from $240.00 to $300.00 in a report published on Tuesday morning,Benzinga reports. Rosenblatt Securities currently has a buy rating on the semiconductor company’s stock.
A number of other research firms have also weighed in on MRVL. Stifel Nicolaus boosted their target price on shares of Marvell Technology from $321.00 to $350.00 and gave the stock a “buy” rating in a research report on Wednesday, June 24th. BMO Capital Markets began coverage on Marvell Technology in a research report on Thursday, August 20th. They issued an “outperform” rating and a $250.00 price target on the stock. Loop Capital upgraded Marvell Technology to a “strong-buy” rating in a research note on Tuesday, June 16th. The Goldman Sachs Group reissued a “neutral” rating and set a $195.00 price objective on shares of Marvell Technology in a research report on Wednesday, August 12th. Finally, Morgan Stanley increased their target price on Marvell Technology from $195.00 to $224.00 and gave the company an “equal weight” rating in a research note on Monday. Three investment analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, Marvell Technology presently has an average rating of “Moderate Buy” and an average target price of $258.42.
Check Out Our Latest Analysis on Marvell Technology
Marvell Technology Price Performance
Marvell Technology (NASDAQ:MRVL – Get Free Report) last posted its quarterly earnings data on Thursday, August 27th. The semiconductor company reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.01. Marvell Technology had a net margin of 28.99% and a return on equity of 13.83%. The business had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.72 billion. During the same period in the prior year, the firm earned $0.67 EPS. Marvell Technology’s quarterly revenue was up 36.5% compared to the same quarter last year. Marvell Technology has set its Q3 2027 guidance at 1.050-1.150 EPS. On average, sell-side analysts expect that Marvell Technology will post 3.07 earnings per share for the current year.
Marvell Technology Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, July 30th. Shareholders of record on Friday, July 10th were issued a $0.06 dividend. The ex-dividend date of this dividend was Friday, July 10th. This represents a $0.24 dividend on an annualized basis and a yield of 0.1%. Marvell Technology’s dividend payout ratio is 8.22%.
Insider Activity at Marvell Technology
In other news, COO Chris Koopmans sold 10,000 shares of the business’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $180.50, for a total transaction of $1,805,000.00. Following the transaction, the chief operating officer owned 227,941 shares in the company, valued at approximately $41,143,350.50. The trade was a 4.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sandeep Bharathi sold 2,231 shares of the company’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $299.13, for a total transaction of $667,359.03. Following the transaction, the insider directly owned 55,530 shares of the company’s stock, valued at $16,610,688.90. This represents a 3.86% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders have sold 41,981 shares of company stock valued at $9,753,132. Company insiders own 0.12% of the company’s stock.
Hedge Funds Weigh In On Marvell Technology
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cape ANN Savings Bank lifted its position in shares of Marvell Technology by 2.3% in the 2nd quarter. Cape ANN Savings Bank now owns 2,245 shares of the semiconductor company’s stock worth $669,000 after acquiring an additional 50 shares during the period. Arlington Trust Co LLC increased its position in shares of Marvell Technology by 24.1% during the second quarter. Arlington Trust Co LLC now owns 268 shares of the semiconductor company’s stock valued at $80,000 after purchasing an additional 52 shares during the period. GoalVest Advisory LLC increased its position in shares of Marvell Technology by 26.0% during the second quarter. GoalVest Advisory LLC now owns 315 shares of the semiconductor company’s stock valued at $94,000 after purchasing an additional 65 shares during the period. Mayflower Financial Advisors LLC raised its stake in shares of Marvell Technology by 1.7% in the first quarter. Mayflower Financial Advisors LLC now owns 4,109 shares of the semiconductor company’s stock valued at $407,000 after purchasing an additional 68 shares in the last quarter. Finally, Bell Investment Advisors Inc raised its stake in shares of Marvell Technology by 12.9% in the first quarter. Bell Investment Advisors Inc now owns 628 shares of the semiconductor company’s stock valued at $62,000 after purchasing an additional 72 shares in the last quarter. 83.51% of the stock is currently owned by institutional investors.
Key Stories Impacting Marvell Technology
Here are the key news stories impacting Marvell Technology this week:
- Positive Sentiment: Marvell reported adjusted earnings of $0.94 per share, ahead of the approximately $0.92–$0.93 consensus, while revenue reached about $2.74 billion, slightly above estimates. Revenue increased 37% year over year, supported by strong demand for AI infrastructure. Marvell Technology Q2 Earnings and Revenues Beat Estimates
- Positive Sentiment: Data-center revenue reportedly jumped 46%, highlighting accelerating demand for Marvell’s custom silicon and optical networking products used in AI data centers. The company also raised its full-year and next-year revenue outlooks, reinforcing the long-term AI growth story. Marvell Sees Accelerating Growth as AI Demand Boosts Second-Quarter Profit and Revenue
- Positive Sentiment: Third-quarter fiscal 2027 guidance calls for adjusted EPS of $1.05–$1.15, above the $1.03 consensus, and revenue of $3.0–$3.3 billion. The forecast indicates continued sequential growth in AI-related demand. Marvell Technology Forecasts Quarterly Revenue Above Estimates
- Neutral Sentiment: Investors were focused on visibility into Marvell’s recently announced multibillion-dollar custom-chip agreement with Google, including the timing of revenue contribution and the impact of related warrants. The earnings release did not appear to provide a sufficiently large near-term surprise to reset expectations.
- Negative Sentiment: The earnings beats were narrow, and management’s forecast provided limited upside relative to elevated Wall Street expectations. With MRVL priced for exceptional AI growth, traders treated the results as “good, but not good enough,” prompting a post-earnings selloff. Marvell Is Boosting Its Forecasts, but That’s Not Enough to Lift Its 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.
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