Marvell Technology (NASDAQ:MRVL) Upgraded to “Buy” at Melius

Marvell Technology (NASDAQ:MRVL) was upgraded by equities research analysts at Melius from a “hold” rating to a “buy” rating in a research note issued to investors on Monday. The firm presently has a $135.00 target price on the semiconductor company’s stock. Melius’ price target suggests a potential upside of 51.02% from the stock’s current price.

A number of other equities research analysts have also recently commented on MRVL. TD Cowen increased their target price on Marvell Technology from $90.00 to $100.00 and gave the company a “hold” rating in a report on Wednesday, December 3rd. Summit Insights raised Marvell Technology from a “hold” rating to a “buy” rating in a research note on Wednesday, December 3rd. Cowen reissued a “hold” rating on shares of Marvell Technology in a research note on Wednesday, December 3rd. The Goldman Sachs Group raised their price target on shares of Marvell Technology from $80.00 to $90.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 3rd. Finally, Zacks Research upgraded shares of Marvell Technology from a “hold” rating to a “strong-buy” rating in a report on Friday, December 5th. Four analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat, Marvell Technology presently has a consensus rating of “Moderate Buy” and a consensus target price of $115.25.

Marvell Technology Stock Performance

NASDAQ:MRVL opened at $89.39 on Monday. 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 firm has a 50-day moving average price of $87.82 and a two-hundred day moving average price of $80.31. Marvell Technology has a twelve month low of $47.08 and a twelve month high of $127.48. The company has a market capitalization of $75.81 billion, a P/E ratio of 31.36, a price-to-earnings-growth ratio of 0.87 and a beta of 1.95.

Marvell Technology (NASDAQ:MRVL) last announced its quarterly earnings results on Tuesday, December 2nd. The semiconductor company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.02. Marvell Technology had a net margin of 31.75% and a return on equity of 13.15%. The company had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $2.06 billion. During the same quarter in the prior year, the firm earned $0.43 earnings per share. The company’s revenue for the quarter was up 36.8% compared to the same quarter last year. Marvell Technology has set its Q4 2026 guidance at 0.740-0.840 EPS. As a group, research analysts expect that Marvell Technology will post 0.91 earnings per share for the current fiscal year.

Marvell Technology declared that its Board of Directors has approved a stock repurchase program on Wednesday, September 24th that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the semiconductor company to buy up to 7.8% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

Insiders Place Their Bets

In other Marvell Technology news, EVP Mark Casper sold 1,253 shares of Marvell Technology stock in a transaction on Friday, December 5th. The shares were sold at an average price of $101.00, for a total value of $126,553.00. Following the transaction, the executive vice president owned 9,023 shares in the company, valued at $911,323. This trade represents a 12.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.33% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Trifecta Capital Advisors LLC boosted its position in Marvell Technology by 8.8% in the 3rd quarter. Trifecta Capital Advisors LLC now owns 1,430 shares of the semiconductor company’s stock valued at $120,000 after buying an additional 116 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Marvell Technology by 1.7% in the third quarter. GAMMA Investing LLC now owns 7,306 shares of the semiconductor company’s stock worth $614,000 after acquiring an additional 122 shares in the last quarter. FSM Wealth Advisors LLC boosted its holdings in Marvell Technology by 4.4% in the third quarter. FSM Wealth Advisors LLC now owns 2,939 shares of the semiconductor company’s stock valued at $247,000 after purchasing an additional 123 shares during the last quarter. Faithward Advisors LLC grew its stake in Marvell Technology by 2.1% during the 3rd quarter. Faithward Advisors LLC now owns 6,242 shares of the semiconductor company’s stock valued at $525,000 after purchasing an additional 126 shares in the last quarter. Finally, Meeder Asset Management Inc. increased its holdings in Marvell Technology by 30.4% during the 3rd quarter. Meeder Asset Management Inc. now owns 557 shares of the semiconductor company’s stock worth $47,000 after purchasing an additional 130 shares during the last quarter. Institutional investors and hedge funds own 83.51% of the company’s stock.

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.