Marvell Technology (NASDAQ:MRVL) Price Target Raised to $190.00 at Cantor Fitzgerald

Marvell Technology (NASDAQ:MRVL) had its target price lifted by equities researchers at Cantor Fitzgerald from $120.00 to $190.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the semiconductor company’s stock. Cantor Fitzgerald’s target price indicates a potential downside of 3.22% from the company’s current price.

A number of other research firms also recently weighed in on MRVL. Zacks Research upgraded Marvell Technology from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 31st. Rosenblatt Securities upped their target price on Marvell Technology from $115.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, March 6th. Barclays upgraded Marvell Technology from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $105.00 to $150.00 in a research report on Thursday, April 9th. Needham & Company LLC cut their target price on Marvell Technology from $120.00 to $118.00 and set a “buy” rating for the company in a research report on Tuesday, February 3rd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Marvell Technology in a research report on Friday, March 27th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $145.88.

Marvell Technology Stock Performance

Shares of MRVL stock opened at $196.33 on Tuesday. The firm has a market capitalization of $176.17 billion, a price-to-earnings ratio of 63.74, a price-to-earnings-growth ratio of 1.64 and a beta of 2.25. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.01 and a quick ratio of 1.58. Marvell Technology has a 12-month low of $58.61 and a 12-month high of $198.40. The business has a 50 day simple moving average of $136.99 and a 200 day simple moving average of $102.89.

Marvell Technology (NASDAQ:MRVL) last released its earnings results on Thursday, March 5th. The semiconductor company reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.01. The firm had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.21 billion. Marvell Technology had a return on equity of 14.22% and a net margin of 32.58%.The firm’s revenue for the quarter was up 22.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.60 earnings per share. Marvell Technology has set its Q1 2027 guidance at 0.740-0.840 EPS. On average, equities research analysts anticipate that Marvell Technology will post 3.04 EPS for the current year.

Insider Activity at Marvell Technology

In other news, CFO Willem A. Meintjes sold 4,000 shares of the stock in a transaction on Friday, May 15th. The stock was sold at an average price of $175.24, for a total transaction of $700,960.00. Following the completion of the sale, the chief financial officer owned 226,675 shares in the company, valued at approximately $39,722,527. This represents a 1.73% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mark Casper sold 10,000 shares of the stock in a transaction on Friday, April 17th. The shares were sold at an average price of $135.50, for a total value of $1,355,000.00. Following the sale, the executive vice president owned 35,878 shares of the company’s stock, valued at $4,861,469. This trade represents a 21.80% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 245,060 shares of company stock worth $29,901,072. 0.19% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Marvell Technology

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. lifted its position 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 valued at $6,692,830,000 after acquiring an additional 15,166,976 shares during the last quarter. State Street Corp lifted its position in shares of Marvell Technology by 7.9% during the 4th 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 during the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Marvell Technology by 59.7% in the third 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 in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Marvell Technology by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 12,108,452 shares of the semiconductor company’s stock valued at $1,025,185,000 after purchasing an additional 97,624 shares in the last quarter. Finally, Franklin Resources Inc. lifted its holdings in shares of Marvell Technology by 47.0% in the third quarter. Franklin Resources Inc. now owns 11,903,051 shares of the semiconductor company’s stock valued at $1,000,689,000 after purchasing an additional 3,805,431 shares in the last quarter. Institutional investors and hedge funds own 83.51% of the company’s stock.

More Marvell Technology News

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

• Positive Sentiment: Citi raised its price target on Marvell Technology (MRVL) to $215 from $118 and kept a Buy rating, signaling confidence in the company’s earnings outlook and AI/data-center demand ahead of results. Citi Lifts Price Target on Marvell Technology, Inc. (MRVL)
• Positive Sentiment: Oppenheimer also lifted its target on Marvell Technology (MRVL) to $200 from $170 and maintained an Outperform rating, reinforcing bullish sentiment before the quarterly report. Oppenheimer Raises its Price Target on Marvell (MRVL)
• Positive Sentiment: Several previews highlight expectations that Marvell could benefit from strong AI infrastructure spending, with analysts and options traders implying a meaningful post-earnings move and potential for new highs if results are strong. Here’s How Much Marvell Stock Is Expected to Move After Earnings
• Neutral Sentiment: Market coverage is keeping Marvell Technology (MRVL) in focus alongside other chip names as investors position ahead of earnings, but this is mainly a watchlist item rather than a direct fundamental driver. Stocks to Watch: Ferrari, Dell, Marvell Technology
• Negative Sentiment: Some commentary warns that Marvell Technology (MRVL) has become overbought and overvalued after a strong run, raising the risk of volatility if earnings or guidance disappoint. Marvell Technology Stock Gets Highly Overbought, Overvalued Ahead Of Earnings

Marvell Technology Company Profile

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.