Marvell Technology (NASDAQ:MRVL – Get Free Report) had its price target raised by research analysts at TD Cowen from $225.00 to $245.00 in a report issued on Friday,Benzinga reports. The brokerage currently has a “hold” rating on the semiconductor company’s stock. TD Cowen’s target price points to a potential upside of 10.16% from the company’s previous close.
A number of other analysts have also weighed in on MRVL. B. Riley Financial reissued a “buy” rating on shares of Marvell Technology in a research report on Wednesday, August 19th. Roth Capital reaffirmed a “buy” rating and issued a $350.00 price objective on shares of Marvell Technology in a research report on Thursday, August 20th. Melius Research set a $220.00 target price on Marvell Technology in a research note on Monday, May 18th. JPMorgan Chase & Co. lifted their target price on Marvell Technology from $135.00 to $240.00 and gave the stock an “overweight” rating in a research report on Thursday, May 28th. Finally, Citigroup boosted their target price on shares of Marvell Technology from $225.00 to $275.00 and gave the company a “buy” rating in a research note on Friday, August 21st. Three equities research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $266.65.
Check Out Our Latest Research Report on MRVL
Marvell Technology Trading Down 7.9%
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 for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $2.72 billion. During the same quarter in the previous year, the business posted $0.67 earnings per share. The business’s 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, equities analysts anticipate that Marvell Technology will post 3.07 EPS for the current fiscal year.
Insider Buying and Selling at Marvell Technology
In other Marvell Technology news, CEO Matthew J. Murphy sold 7,500 shares of the stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $236.08, for a total transaction of $1,770,600.00. Following the transaction, the chief executive officer directly owned 783,186 shares in the company, valued at $184,894,550.88. This represents a 0.95% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Daniel Durn sold 2,250 shares of the firm’s stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $281.01, for a total transaction of $632,272.50. Following the transaction, the chief financial officer directly owned 6,902 shares in the company, valued at $1,939,531.02. This trade represents a 24.58% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 41,981 shares of company stock valued at $9,753,132 in the last ninety days. 0.12% of the stock is owned by insiders.
Hedge Funds Weigh In On Marvell Technology
Several institutional investors have recently bought and sold shares of the business. California State Teachers Retirement System raised its stake in Marvell Technology by 29,523.4% in the second quarter. California State Teachers Retirement System now owns 385,108,617 shares of the semiconductor company’s stock worth $114,720,006,000 after buying an additional 383,808,601 shares in the last quarter. BlackRock Inc. boosted its position in Marvell Technology by 34.1% during the 2nd quarter. BlackRock Inc. now owns 85,641,174 shares of the semiconductor company’s stock valued at $25,511,649,000 after acquiring an additional 21,798,190 shares in the last quarter. Norges Bank purchased a new position in shares of Marvell Technology in the 4th quarter valued at $895,455,000. Bank of America Corp DE purchased a new position in shares of Marvell Technology in the 2nd quarter valued at $2,607,795,000. Finally, Legal & General Group Plc bought a new position in shares of Marvell Technology in the 2nd quarter worth $1,742,526,000. 83.51% of the stock is owned by hedge funds and other institutional investors.
Key Marvell Technology News
Here are the key news stories impacting Marvell Technology this week:
- Positive Sentiment: Strong Q2 performance: Marvell reported adjusted earnings of $0.94 per share and revenue of $2.74 billion, narrowly exceeding estimates of $0.93 and $2.72 billion, respectively. Revenue increased approximately 37% year over year, while data-center revenue rose 46% to $2.17 billion. Marvell tops Q2 estimates as data center revenue jumps 46%
- Positive Sentiment: AI growth outlook improved: Management raised its fiscal 2027 revenue outlook to approximately $12 billion and expects about $18 billion in fiscal 2028 revenue. AI-related bookings remain exceptionally robust, with growth spanning custom silicon, switching and optical interconnect products. Marvell Q2 earnings call highlights faster AI data center growth
- Positive Sentiment: Analysts remain constructive: Oppenheimer raised its price target to $325 with an outperform rating, while Needham increased its target to $300 and maintained a buy rating. Oppenheimer raises Marvell price target
- Neutral Sentiment: High expectations are limiting the reaction: MRVL has surged more than 180% in 2026 and trades at elevated earnings multiples. Consequently, investors expected a substantially larger forecast increase and clearer evidence of near-term monetization from its AI partnerships. Marvell stock is expensive, but the growth story is hard to ignore
- Negative Sentiment: Google revenue timing disappointed investors: Marvell’s expanded AI-chip opportunity with Alphabet’s Google is not expected to contribute materially until fiscal 2029. That delayed payoff overshadowed the earnings beat and raised fiscal 2027 and 2028 targets. Marvell shares slide as concerns over timing of Google AI deal revenue eclipse strong results
- Negative Sentiment: Forecast upside was viewed as insufficient: Although fiscal third-quarter EPS guidance of $1.05–$1.15 exceeded consensus, investors considered the broader outlook too modest relative to MRVL’s premium valuation, contributing to selling across AI infrastructure stocks. Marvell shares tumble as outlook underwhelms despite revenue growth
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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