Marvell Technology, Inc. (NASDAQ:MRVL) Receives $114.06 Average Price Target from Brokerages

Marvell Technology, Inc. (NASDAQ:MRVLGet Free Report) has received a consensus recommendation of “Moderate Buy” from the thirty-six analysts that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, eight have given a hold recommendation, twenty-five have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $117.2424.

MRVL has been the topic of several research reports. Susquehanna reiterated a “positive” rating on shares of Marvell Technology in a research report on Tuesday, February 24th. Stifel Nicolaus lifted their price objective on Marvell Technology from $114.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, March 6th. Morgan Stanley upped their target price on Marvell Technology from $95.00 to $103.00 and gave the company an “equal weight” rating in a research note on Friday, March 6th. Deutsche Bank Aktiengesellschaft set a $120.00 target price on Marvell Technology in a report on Tuesday, February 10th. Finally, Craig Hallum boosted their price target on Marvell Technology from $141.00 to $164.00 and gave the stock a “buy” rating in a report on Friday, March 6th.

Read Our Latest Report on MRVL

Marvell Technology Price Performance

Shares of NASDAQ:MRVL traded up $2.03 during midday trading on Friday, hitting $89.70. 2,335,391 shares of the stock were exchanged, compared to its average volume of 16,800,465. Marvell Technology has a twelve month low of $47.08 and a twelve month high of $102.77. The company has a current ratio of 2.01, a quick ratio of 1.64 and a debt-to-equity ratio of 0.28. The company has a 50 day moving average price of $81.73 and a 200-day moving average price of $82.50. The stock has a market cap of $78.15 billion, a P/E ratio of 29.17, a PEG ratio of 0.92 and a beta of 1.97.

Marvell Technology (NASDAQ:MRVLGet Free Report) last issued its quarterly earnings data on Thursday, March 5th. The semiconductor company reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.01. Marvell Technology had a net margin of 32.58% and a return on equity of 14.40%. The firm had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.21 billion. During the same period in the prior year, the company earned $0.60 EPS. The firm’s revenue was up 22.1% on a year-over-year basis. Marvell Technology has set its Q1 2027 guidance at 0.740-0.840 EPS. On average, research analysts forecast that Marvell Technology will post 0.91 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP Mark Casper sold 5,000 shares of Marvell Technology stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $93.08, for a total transaction of $465,400.00. Following the completion of the sale, the executive vice president owned 19,418 shares in the company, valued at approximately $1,807,427.44. This trade represents a 20.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.19% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MRVL. Ellsworth Advisors LLC acquired a new position in Marvell Technology in the third quarter valued at $5,864,000. Vanguard Group Inc. boosted its stake in Marvell Technology by 23.5% in the 3rd quarter. Vanguard Group Inc. now owns 79,610,208 shares of the semiconductor company’s stock worth $6,692,830,000 after buying an additional 15,166,976 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd boosted its stake in Marvell Technology by 1,292.1% in the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 389,809 shares of the semiconductor company’s stock worth $32,656,000 after buying an additional 361,807 shares during the last quarter. Norges Bank purchased a new stake in Marvell Technology in the 2nd quarter valued at about $716,713,000. Finally, ProShare Advisors LLC grew its holdings in Marvell Technology by 3.4% in the 2nd quarter. ProShare Advisors LLC now owns 1,277,177 shares of the semiconductor company’s stock valued at $98,854,000 after buying an additional 41,465 shares during the period. 83.51% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Marvell Technology

Here are the key news stories impacting Marvell Technology this week:

Marvell Technology Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Marvell Technology (NASDAQ:MRVL)

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