Marvell Technology’s (MRVL) “Buy” Rating Reiterated at Rosenblatt Securities

Rosenblatt Securities reaffirmed their buy rating on shares of Marvell Technology (NASDAQ:MRVL) in a research note released on Monday,Benzinga reports. They currently have a $95.00 price target on the semiconductor company’s stock.

A number of other analysts have also weighed in on MRVL. Roth Capital reiterated a “buy” rating on shares of Marvell Technology in a research note on Wednesday, October 15th. Jefferies Financial Group cut their price target on Marvell Technology from $90.00 to $80.00 and set a “buy” rating on the stock in a research report on Friday, August 29th. Deutsche Bank Aktiengesellschaft lifted their price objective on Marvell Technology from $80.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday, September 25th. Susquehanna upped their target price on Marvell Technology from $80.00 to $100.00 and gave the stock a “positive” rating in a research note on Tuesday, November 25th. Finally, Benchmark restated a “buy” rating and issued a $95.00 target price on shares of Marvell Technology in a research note on Friday, August 29th. Three research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and fourteen have assigned a Hold rating to the company’s stock. According to MarketBeat, Marvell Technology currently has an average rating of “Moderate Buy” and an average price target of $111.00.

Marvell Technology Trading Up 7.9%

Shares of NASDAQ:MRVL opened at $100.20 on Monday. Marvell Technology has a 52-week low of $47.08 and a 52-week high of $127.48. The stock has a market cap of $86.38 billion, a price-to-earnings ratio of -770.77, a PEG ratio of 1.10 and a beta of 1.93. The company has a quick ratio of 1.44, a current ratio of 1.88 and a debt-to-equity ratio of 0.30. The business has a 50-day moving average price of $87.15 and a 200-day moving average price of $76.77.

Marvell Technology (NASDAQ:MRVL) last issued its earnings results on Tuesday, December 2nd. The semiconductor company reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. Marvell Technology had a positive return on equity of 11.01% and a negative net margin of 1.43%.The firm had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.06 billion. During the same quarter in the prior year, the firm earned $0.43 earnings per share. Marvell Technology’s revenue for the quarter was up 36.8% on a year-over-year basis. Marvell Technology has set its Q4 2026 guidance at 0.740-0.840 EPS. Equities analysts predict that Marvell Technology will post 0.91 EPS for the current year.

Marvell Technology declared that its Board of Directors has initiated a share repurchase program on Wednesday, September 24th that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the semiconductor company to reacquire up to 7.8% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its stock is undervalued.

Marvell Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 30th. Investors of record on Friday, October 10th were issued a $0.06 dividend. The ex-dividend date of this dividend was Friday, October 10th. This represents a $0.24 dividend on an annualized basis and a yield of 0.2%. Marvell Technology’s dividend payout ratio is presently 8.42%.

Insiders Place Their Bets

In related news, CEO Matthew J. Murphy purchased 13,600 shares of the business’s stock in a transaction that occurred on Thursday, September 25th. The stock was bought at an average price of $77.09 per share, with a total value of $1,048,424.00. Following the acquisition, the chief executive officer owned 268,637 shares in the company, valued at $20,709,226.33. The trade was a 5.33% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Chris Koopmans acquired 6,800 shares of Marvell Technology stock in a transaction on Thursday, September 25th. The shares were bought at an average price of $78.03 per share, with a total value of $530,604.00. Following the completion of the transaction, the chief operating officer directly owned 104,825 shares of the company’s stock, valued at $8,179,494.75. This trade represents a 6.94% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders purchased a total of 27,200 shares of company stock valued at $2,109,632 in the last three months. 0.19% of the stock is currently owned by company insiders.

Institutional Trading of Marvell Technology

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Swiss Life Asset Management Ltd increased its stake in shares of Marvell Technology by 16.3% during the third quarter. Swiss Life Asset Management Ltd now owns 144,680 shares of the semiconductor company’s stock worth $12,163,000 after purchasing an additional 20,331 shares in the last quarter. KERR FINANCIAL PLANNING Corp acquired a new stake in Marvell Technology in the 3rd quarter worth about $429,000. Kimelman & Baird LLC increased its stake in Marvell Technology by 207.1% during the 3rd quarter. Kimelman & Baird LLC now owns 246,641 shares of the semiconductor company’s stock worth $20,735,000 after buying an additional 166,326 shares in the last quarter. CIBC Bancorp USA Inc. purchased a new stake in Marvell Technology during the 3rd quarter worth approximately $5,253,000. Finally, Old North State Trust LLC raised its holdings in shares of Marvell Technology by 74.3% during the third quarter. Old North State Trust LLC now owns 5,001 shares of the semiconductor company’s stock valued at $420,000 after acquiring an additional 2,132 shares during the last quarter. Hedge funds and other institutional investors own 83.51% of the company’s stock.

Marvell Technology Company Profile

Marvell Technology, Inc, together with its subsidiaries, provides data infrastructure semiconductor solutions, spanning the data center core to network edge. The company develops and scales complex System-on-a-Chip architectures, integrating analog, mixed-signal, and digital signal processing functionality.