Marvell Technology (NASDAQ:MRVL) Price Target Raised to $225.00

Marvell Technology (NASDAQ:MRVL) had its price objective boosted by TD Cowen from $200.00 to $225.00 in a research note released on Tuesday morning, Marketbeat Ratings reports. The brokerage currently has a hold rating on the semiconductor company’s stock.

Other equities analysts have also issued reports about the stock. Citigroup lifted their price objective on shares of Marvell Technology from $118.00 to $215.00 and gave the company a “buy” rating in a report on Tuesday, May 26th. Royal Bank Of Canada restated an “outperform” rating and set a $360.00 target price on shares of Marvell Technology in a report on Tuesday, July 7th. Cantor Fitzgerald increased their target price on Marvell Technology from $220.00 to $300.00 and gave the company a “neutral” rating in a research report on Monday, June 29th. Evercore reiterated an “outperform” rating and issued a $155.00 price target on shares of Marvell Technology in a report on Tuesday, May 19th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $240.00 price target on shares of Marvell Technology in a research report on Friday, June 12th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $250.27.

Marvell Technology Stock Up 5.8%

NASDAQ:MRVL opened at $251.01 on Tuesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.28 and a quick ratio of 2.66. Marvell Technology has a 1-year low of $61.44 and a 1-year high of $329.88. The company has a 50-day moving average of $234.59 and a 200 day moving average of $170.57. The firm has a market cap of $219.58 billion, a PE ratio of 85.96, a price-to-earnings-growth ratio of 1.48 and a beta of 2.24.

Marvell Technology (NASDAQ:MRVL) last posted its earnings results on Wednesday, May 27th. The semiconductor company reported $0.80 EPS for the quarter, meeting analysts’ consensus estimates of $0.80. Marvell Technology had a net margin of 28.99% and a return on equity of 13.83%. The business had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.41 billion. During the same quarter last year, the firm posted $0.62 EPS. The company’s revenue for the quarter was up 27.6% on a year-over-year basis. Marvell Technology has set its Q2 2027 guidance at 0.880-0.980 EPS. As a group, research analysts anticipate that Marvell Technology will post 3.07 EPS for the current fiscal year.

Marvell Technology Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 30th. Shareholders of record on Friday, July 10th were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.1%. The ex-dividend date was Friday, July 10th. Marvell Technology’s dividend payout ratio (DPR) is 8.22%.

Insider Activity

In other Marvell Technology news, insider Sandeep Bharathi sold 2,231 shares of Marvell Technology stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $299.13, for a total value of $667,359.03. Following the transaction, the insider directly owned 55,530 shares of the company’s stock, valued at approximately $16,610,688.90. The trade was a 3.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Matthew J. Murphy sold 7,500 shares of the company’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $236.08, for a total value of $1,770,600.00. Following the transaction, the chief executive officer directly owned 783,186 shares in the company, valued at approximately $184,894,550.88. The trade was a 0.95% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 41,981 shares of company stock valued at $9,753,132 in the last ninety days. 0.12% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Marvell Technology

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Laurel Wealth Advisors LLC acquired a new position in shares of Marvell Technology during the fourth quarter valued at about $25,000. Hilton Head Capital Partners LLC boosted its stake in Marvell Technology by 978.3% in the 1st quarter. Hilton Head Capital Partners LLC now owns 248 shares of the semiconductor company’s stock worth $25,000 after purchasing an additional 225 shares in the last quarter. Jessup Wealth Management Inc acquired a new stake in Marvell Technology in the 4th quarter worth approximately $25,000. Cherry Tree Wealth Management LLC purchased a new stake in Marvell Technology during the 4th quarter worth approximately $26,000. Finally, C M Bidwell & Associates Ltd. acquired a new position in Marvell Technology during the 2nd quarter valued at approximately $27,000. 83.51% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Marvell Technology

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

• Positive Sentiment: Marvell agreed to develop custom silicon connected to Google’s Tensor Processing Unit ecosystem, including inference accelerators, storage and networking controllers, and memory-interface products. The deal broadens Marvell’s role in Google’s AI infrastructure and could challenge Broadcom’s long-standing position as Google’s primary custom-chip partner. Marvell pops on AI chip deal
• Positive Sentiment: Google received warrants to purchase up to approximately 58.97 million Marvell shares at $206.58 each, potentially representing about 6.7% of shares outstanding and roughly $12.2 billion in value. The warrants vest in stages based on Google’s purchases, aligning Google’s future AI-chip spending with Marvell’s growth. Marvell shares jump as Google warrant deepens partnership
• Positive Sentiment: Analysts described the agreement as a major long-term catalyst. JPMorgan sees a potential $120 billion cumulative opportunity through fiscal 2033, while RBC reaffirmed an Outperform rating with a $360 price target. Stifel and William Blair also issued or maintained Buy recommendations. Marvell’s Google AI deal could unlock opportunity
• Positive Sentiment: Technical momentum also improved after MRVL reclaimed its 50-day moving average, supporting a bullish-trend thesis and forecasts for a possible move toward $300. Marvell overtakes 50-day moving average

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.