Marvell Technology (NASDAQ:MRVL) Price Target Raised to $350.00

Marvell Technology (NASDAQ:MRVL) had its price objective lifted by Cantor Fitzgerald from $330.00 to $350.00 in a research note issued to investors on Wednesday, MarketBeat reports. They currently have a neutral rating on the semiconductor company’s stock.

A number of other equities research analysts also recently weighed in on the company. Stifel Nicolaus raised their price target on Marvell Technology from $321.00 to $350.00 and gave the company a “buy” rating in a research report on Wednesday, June 24th. BMO Capital Markets assumed coverage on Marvell Technology in a report on Thursday, August 20th. They issued an “outperform” rating and a $250.00 price objective for the company. TD Cowen upgraded Marvell Technology from a “hold” rating to a “buy” rating and increased their price objective for the company from $245.00 to $350.00 in a research report on Wednesday. Piper Sandler raised their price objective on Marvell Technology from $270.00 to $400.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, Craig Hallum boosted their target price on Marvell Technology from $217.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, August 28th. Two research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $320.82.

Marvell Technology Price Performance

Shares of NASDAQ:MRVL opened at $275.28 on Wednesday. The company’s fifty day moving average price is $237.21 and its 200-day moving average price is $210.69. The firm has a market capitalization of $241.39 billion, a price-to-earnings ratio of 90.85, a PEG ratio of 8.19 and a beta of 2.26. Marvell Technology has a one year low of $70.68 and a one year high of $329.88. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.17 and a quick ratio of 2.62.

Marvell Technology (NASDAQ:MRVL) last posted its quarterly earnings data on Thursday, August 27th. The semiconductor company reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.01. Marvell Technology had a net margin of 27.93% and a return on equity of 13.57%. The firm had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $2.72 billion. During the same quarter last year, the company posted $0.67 EPS. The business’s quarterly revenue was up 36.5% on a year-over-year basis. Marvell Technology has set its Q3 2027 guidance at 1.050-1.150 EPS. On average, equities research analysts anticipate that Marvell Technology will post 3.05 earnings per share for the current fiscal year.

Marvell Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 29th. Stockholders of record on Friday, October 9th will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, October 9th. This represents a $0.24 annualized dividend and a dividend yield of 0.1%. Marvell Technology’s payout ratio is 7.92%.

Insider Activity at Marvell Technology

In other Marvell Technology news, CAO Justin Scarpulla sold 1,100 shares of the business’s stock in a transaction on Thursday, October 8th. The shares were sold at an average price of $273.59, for a total transaction of $300,949.00. Following the transaction, the chief accounting officer directly owned 909 shares of the company’s stock, valued at approximately $248,693.31. The trade was a 54.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Matthew J. Murphy sold 7,500 shares of the company’s stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $223.39, for a total transaction of $1,675,425.00. Following the completion of the transaction, the chief executive officer owned 775,686 shares of the company’s stock, valued at $173,280,495.54. This trade represents a 0.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 46,100 shares of company stock worth $10,205,174 over the last quarter. 0.12% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Marvell Technology

Large investors have recently modified their holdings of the stock. Hilton Head Capital Partners LLC lifted its holdings in Marvell Technology by 978.3% in the first quarter. Hilton Head Capital Partners LLC now owns 248 shares of the semiconductor company’s stock worth $25,000 after buying an additional 225 shares during the period. C M Bidwell & Associates Ltd. purchased a new position in shares of Marvell Technology during the 2nd quarter worth approximately $27,000. MidFirst Bank purchased a new position in shares of Marvell Technology during the 4th quarter worth approximately $28,000. Aberdeen Wealth Management LLC purchased a new position in shares of Marvell Technology during the 2nd quarter worth approximately $30,000. Finally, Marquette Asset Management LLC bought a new position in shares of Marvell Technology in the 3rd quarter worth approximately $30,000. Institutional investors own 83.51% of the company’s stock.

Key Headlines Impacting Marvell Technology

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

• Positive Sentiment: Marvell raised its fiscal 2031 revenue target to approximately $70 billion to $90 billion, compared with a fiscal 2026 base of $8.2 billion. Management also outlined a $20 billion 2028 revenue target, reinforcing expectations for strong demand for custom AI chips, networking products and data-center connectivity. Marvell Technology Lifts 2031 Revenue Goal
• Positive Sentiment: The company estimates that connecting AI chips could become a roughly $37 billion business, improving the long-term growth case for its electro-optics, networking and custom silicon offerings. The forecast also lifted sentiment toward related AI infrastructure companies. Marvell Says Connecting AI Chips Could Be a $37 Billion Business
• Positive Sentiment: Barclays maintained a Buy rating, while reports also cited favorable views or price-target increases from JPMorgan, RBC, Susquehanna, Cantor Fitzgerald and Bank of America. This analyst support is helping sustain momentum after the investor-day presentation. Barclays Keeps Their Buy Rating on Marvell
• Neutral Sentiment: Marvell plans to showcase a broad portfolio of open AI infrastructure solutions at the OCP Global Summit, providing potential product and customer visibility but no immediate change to earnings guidance. Marvell to Showcase Open AI Infrastructure Solutions
• Negative Sentiment: Some analysts warn that the stock’s substantial multiyear rally has already priced in significant AI success. At roughly 24 times forward earnings, valuation may look reasonable relative to the growth targets, but it remains exposed to execution risk, customer concentration and any slowdown in AI data-center spending. Marvell Stock Could Be Below Fair Value
• Negative Sentiment: Higher Treasury yields and oil prices recently pressured high-growth technology shares, contributing to volatility in MRVL despite its favorable company-specific outlook. What’s Going On With Marvell Technology Stock

About Marvell Technology

Marvell Technology, Inc (NASDAQ: MRVL) is a fabless semiconductor company that develops technologies for data infrastructure. Its products are used to move, process, store and secure data across cloud data centers, enterprise networks, telecommunications systems, automotive platforms and other communications applications.

The company’s portfolio includes custom application-specific integrated circuits, data processing and networking solutions, Ethernet products, storage controllers, optical and electro-optical components, and connectivity technologies.