Marvell Technology (NASDAQ:MRVL – Free Report) had its price objective cut by Wells Fargo & Company from $365.00 to $285.00 in a report issued on Tuesday morning,Benzinga reports. They currently have an overweight rating on the semiconductor company’s stock.
Several other research firms have also commented on MRVL. Weiss Ratings lowered shares of Marvell Technology from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday. Craig Hallum reissued a “buy” rating and issued a $380.00 target price on shares of Marvell Technology in a report on Wednesday, October 7th. Wolfe Research lifted their target price on Marvell Technology from $280.00 to $375.00 and gave the company an “outperform” rating in a research note on Wednesday, October 7th. UBS Group upped their target price on Marvell Technology from $335.00 to $350.00 and gave the company a “buy” rating in a report on Wednesday, October 7th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and set a $270.00 price target on shares of Marvell Technology in a research report on Wednesday, October 7th. Three analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $300.85.
Read Our Latest Stock Analysis on Marvell Technology
Marvell Technology Stock Performance
Marvell Technology stock opened at $133.55 on Tuesday. The company has a market cap of $117.11 billion, a PE ratio of 44.08, a P/E/G ratio of 4.77 and a beta of 2.32. The company has a fifty day moving average price of $236.31 and a two-hundred day moving average price of $183.92. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.17 and a quick ratio of 2.62. Marvell Technology has a 12 month low of $70.68 and a 12 month high of $329.88.
Marvell Technology (NASDAQ:MRVL – Get Free Report) last released its earnings results on Thursday, August 27th. The semiconductor company reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.01. The firm had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.72 billion. Marvell Technology had a net margin of 27.93% and a return on equity of 13.57%. The firm’s revenue for the quarter was up 36.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.67 earnings per share. Marvell Technology has set its Q3 2027 guidance at 1.050-1.150 EPS. Research analysts expect that Marvell Technology will post 3.05 earnings per share for the current year.
Marvell Technology Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, October 29th. Shareholders of record on Friday, October 9th were paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend was Friday, October 9th. Marvell Technology’s payout ratio is presently 7.92%.
Insider Activity
In other Marvell Technology news, COO Chris Koopmans sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $186.97, for a total value of $1,869,700.00. Following the sale, the chief operating officer owned 202,800 shares in the company, valued at approximately $37,917,516. This trade represents a 4.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew Murphy sold 7,500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $223.39, for a total transaction of $1,675,425.00. Following the completion of the sale, the chief executive officer owned 775,686 shares in the company, valued at $173,280,495.54. The trade was a 0.96% 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 a total of 57,285 shares of company stock worth $12,901,763 in the last quarter. Company insiders own 0.12% of the company’s stock.
Institutional Trading of Marvell Technology
Several large investors have recently added to or reduced their stakes in the business. CENTRAL TRUST Co acquired a new stake in Marvell Technology in the third quarter worth about $1,535,000. Three Bridge Wealth Advisors LLC bought a new position in Marvell Technology in the 3rd quarter valued at about $72,000. Artemis Wealth Advisors LLC acquired a new position in Marvell Technology during the 3rd quarter valued at about $6,605,000. Gagnon Securities LLC acquired a new position in Marvell Technology during the 3rd quarter valued at about $854,000. Finally, Paradigm Asset Management Co. LLC acquired a new position in Marvell Technology during the 3rd quarter valued at about $238,000. 83.51% of the stock is currently owned by institutional investors and hedge funds.
More Marvell Technology News
Here are the key news stories impacting Marvell Technology this week:
- Positive Sentiment: Marvell’s AI networking business is benefiting from demand for data-center connectivity. Its latest reported quarter showed revenue up 36.5% year over year, with EPS and revenue slightly above consensus; analysts at Zacks Research also raised several future EPS estimates. Read article
- Positive Sentiment: The proposed Lumentum deal would combine Marvell’s electrical and networking products with Lumentum’s optical technologies, potentially expanding Marvell’s role in AI infrastructure. Some analysts see significant long-term upside if the combination delivers growth and cost savings. Read article
- Neutral Sentiment: Views on the acquisition are sharply divided: some analysts emphasize the strategic opportunity, while others question the deal’s price, execution and likelihood of completion. That uncertainty may keep the shares volatile. Read article
- Negative Sentiment: The $115 billion all-stock Lumentum acquisition raises concerns about substantial shareholder dilution. The deal’s fixed exchange ratio also means the value offered to Lumentum holders moves with Marvell’s share price, adding uncertainty around completion and investor support. Read article
- Negative Sentiment: Chip and AI infrastructure stocks sold off after the midterm results, amid concerns about regulation and possible data-center construction moratoriums in key states. Because Marvell supplies networking chips used in data centers, fears of slower AI buildouts weigh on its outlook. Read article
- Negative Sentiment: Several firms lowered Marvell ratings or price targets, reflecting concerns about dilution and deal risks, adding to the negative sentiment around the stock. Read article
About Marvell Technology
Marvell Technology, Inc (NASDAQ: MRVL) is a semiconductor company that develops infrastructure solutions for data centers, telecommunications networks, enterprise systems, automotive applications and other connected markets. Its products are designed to support the movement, processing, storage and security of data across complex computing and communications environments.
The company’s portfolio includes data-processing and networking processors, custom application-specific integrated circuits, Ethernet switches and controllers, storage controllers, connectivity products, and electro-optics solutions.
Featured Stories
- Five stocks we like better than Marvell Technology
- Google’s Credit Backstop May Be TeraWulf’s Biggest Advantage
- Could the Midterms Revive Medicare for All? 3 Healthcare Stocks to Watch
- Qualcomm Beat Earnings, But Its Fastest-Growing Businesses Have a Catch
- Oil, Uranium, or Renewables? 3 Energy Plays for a Changing Market
Receive News & Ratings for Marvell Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marvell Technology and related companies with MarketBeat.com's FREE daily email newsletter.
