Marvell Technology’s (MRVL) “Neutral” Rating Reaffirmed at Cantor Fitzgerald

Marvell Technology (NASDAQ:MRVL)‘s stock had its “neutral” rating reissued by equities research analysts at Cantor Fitzgerald in a report released on Tuesday,Benzinga reports. They presently have a $100.00 price target on the semiconductor company’s stock. Cantor Fitzgerald’s price target would indicate a potential upside of 27.55% from the company’s previous close.

MRVL has been the subject of a number of other research reports. Morgan Stanley set a $112.00 price target on shares of Marvell Technology in a research note on Wednesday, December 3rd. Evercore raised their target price on Marvell Technology from $122.00 to $156.00 and gave the company an “outperform” rating in a report on Wednesday, December 3rd. Stifel Nicolaus increased their price objective on shares of Marvell Technology from $95.00 to $114.00 and gave the stock a “buy” rating in a research report on Wednesday, December 3rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Marvell Technology in a research report on Monday, December 29th. Finally, Raymond James Financial reiterated a “strong-buy” rating on shares of Marvell Technology in a report on Tuesday, January 6th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat, Marvell Technology has a consensus rating of “Moderate Buy” and an average price target of $115.16.

Marvell Technology Price Performance

Shares of MRVL stock traded down $0.21 during mid-day trading on Tuesday, reaching $78.40. The company’s stock had a trading volume of 1,658,241 shares, compared to its average volume of 14,405,282. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.64 and a current ratio of 2.01. The firm’s 50-day moving average is $83.08 and its two-hundred day moving average is $81.76. Marvell Technology has a 1-year low of $47.08 and a 1-year high of $112.50. The company has a market cap of $66.43 billion, a P/E ratio of 27.37, a PEG ratio of 0.62 and a beta of 1.97.

Marvell Technology (NASDAQ:MRVL) last released its quarterly earnings results on Tuesday, December 2nd. The semiconductor company reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. The firm had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $2.06 billion. Marvell Technology had a return on equity of 13.15% and a net margin of 31.75%.The business’s revenue was up 36.8% on a year-over-year basis. During the same period last year, the firm posted $0.43 EPS. Marvell Technology has set its Q4 2026 guidance at 0.740-0.840 EPS. On average, research analysts predict that Marvell Technology will post 0.91 earnings per share for the current year.

Insiders Place Their Bets

In other news, EVP Mark Casper sold 5,000 shares of the firm’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $93.08, for a total transaction of $465,400.00. Following the sale, the executive vice president owned 19,418 shares of the company’s stock, valued at $1,807,427.44. This trade represents a 20.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.33% of the company’s stock.

Hedge Funds Weigh In On Marvell Technology

Hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in shares of Marvell Technology by 23.5% during the 3rd quarter. Vanguard Group Inc. now owns 79,610,208 shares of the semiconductor company’s stock worth $6,692,830,000 after purchasing an additional 15,166,976 shares during the last quarter. State Street Corp boosted its stake in Marvell Technology by 7.9% in the fourth quarter. State Street Corp now owns 22,834,816 shares of the semiconductor company’s stock valued at $1,940,503,000 after acquiring an additional 1,677,724 shares in the last quarter. Brown Advisory Inc. increased its position in shares of Marvell Technology by 8.0% during the second quarter. Brown Advisory Inc. now owns 20,840,336 shares of the semiconductor company’s stock worth $1,613,044,000 after purchasing an additional 1,539,809 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Marvell Technology by 59.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 16,624,827 shares of the semiconductor company’s stock valued at $1,397,751,000 after purchasing an additional 6,217,952 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Marvell Technology by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 12,108,452 shares of the semiconductor company’s stock worth $1,025,185,000 after purchasing an additional 97,624 shares in the last quarter. Institutional investors own 83.51% of the company’s 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.