Marvell Technology, Inc. (NASDAQ:MRVL) Stock Has Consensus Target Price of $327.36 According to Brokerages

Shares of Marvell Technology, Inc. (NASDAQ:MRVL) have received an average recommendation of “Moderate Buy” from the thirty-nine brokerages that are covering the stock, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation, thirty have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $327.36.

MRVL has been the subject of several analyst reports. Oppenheimer reiterated an “outperform” rating and set a $425.00 price target on shares of Marvell Technology in a report on Wednesday, October 7th. Evercore reissued an “outperform” rating and issued a $433.00 target price on shares of Marvell Technology in a report on Tuesday, October 6th. Needham & Company LLC raised their price target on Marvell Technology from $300.00 to $400.00 and gave the company a “buy” rating in a research note on Wednesday, October 7th. Jefferies Financial Group lifted their price target on Marvell Technology from $325.00 to $450.00 and gave the stock a “buy” rating in a report on Tuesday, October 6th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and set a $270.00 price target on shares of Marvell Technology in a report on Wednesday, October 7th.

Insiders Place Their Bets

In related news, CAO Justin Scarpulla sold 1,100 shares of the business’s stock in a transaction that occurred on Thursday, October 8th. The stock was sold at an average price of $273.59, for a total transaction of $300,949.00. Following the completion of the sale, the chief accounting officer owned 909 shares in the company, valued at $248,693.31. The trade was a 54.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Chris Koopmans sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $262.05, for a total value of $2,620,500.00. Following the completion of the transaction, the chief operating officer directly owned 207,941 shares of the company’s stock, valued at $54,490,939.05. This trade represents a 4.59% 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 57,285 shares of company stock worth $12,837,063 in the last three months. 0.12% of the stock is owned by company insiders.

Institutional Trading of Marvell Technology

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. increased its holdings in Marvell Technology by 34.1% during the 2nd quarter. BlackRock Inc. now owns 85,641,174 shares of the semiconductor company’s stock worth $25,511,649,000 after purchasing an additional 21,798,190 shares during the last quarter. State Street Corp raised its position in shares of Marvell Technology by 79.3% in the 2nd quarter. State Street Corp now owns 41,834,272 shares of the semiconductor company’s stock valued at $12,462,011,000 after purchasing an additional 18,495,866 shares in the last quarter. Bank of America Corp DE acquired a new position in shares of Marvell Technology in the 2nd quarter valued at approximately $2,607,795,000. Legal & General Group Plc purchased a new position in shares of Marvell Technology during the 2nd quarter valued at approximately $1,742,526,000. Finally, Bank of New York Mellon Corp boosted its stake in shares of Marvell Technology by 153.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 7,957,985 shares of the semiconductor company’s stock valued at $2,370,604,000 after buying an additional 4,815,725 shares during the last quarter. Institutional investors and hedge funds own 83.51% of the company’s stock.

Marvell Technology News Roundup

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

• Positive Sentiment: Analysts continue to support the AI growth outlook. A fair-value upgrade and bullish commentary suggest Wall Street believes Marvell’s custom silicon, data-center connectivity and AI infrastructure businesses can sustain strong growth. Marvell Technology Stock Sees Fair Value Lift After Analysts Back AI Growth
• Positive Sentiment: Reports that a Google TPU delay is manageable are supporting Marvell. GF Securities reportedly believes the timing issue will not materially weaken Marvell’s position with custom-chip customers, easing concerns about a potential disruption to its AI revenue pipeline. Marvell Jumps as GF Securities Says Google Chip Delay Won’t Dent Its Position
• Positive Sentiment: New CXL and connectivity launches expand the growth narrative. Marvell’s formation of a Cloud Security Alliance following new product launches reinforces its positioning in cloud infrastructure, data-center networking and next-generation memory connectivity. Marvell Technology Forms Cloud Security Alliance After New CXL and Connectivity Launches
• Positive Sentiment: AI-sector momentum is lifting semiconductor shares broadly. A rebound in technology stocks and continued enthusiasm for custom silicon are providing a favorable backdrop for Marvell, while analysts expect the custom-chip market to grow despite supply-chain competition. Broadcom Vs. Marvell: Custom Silicon is Going to Get White Hot

Marvell Technology Stock Performance

NASDAQ:MRVL opened at $237.09 on Friday. Marvell Technology has a 52 week low of $70.68 and a 52 week high of $329.88. The company has a fifty day simple moving average of $241.71 and a two-hundred day simple moving average of $217.99. The company has a quick ratio of 2.62, a current ratio of 3.17 and a debt-to-equity ratio of 0.27. The company has a market cap of $207.90 billion, a price-to-earnings ratio of 78.25, a price-to-earnings-growth ratio of 6.79 and a beta of 2.26.

Marvell Technology (NASDAQ:MRVL) last announced its quarterly earnings data on Thursday, August 27th. The semiconductor company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.01. The business had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $2.72 billion. Marvell Technology had a return on equity of 13.57% and a net margin of 27.93%. The company’s revenue for the quarter was up 36.5% compared to the same quarter last year. During the same period last year, the firm earned $0.67 earnings per share. Marvell Technology has set its Q3 2027 guidance at 1.050-1.150 EPS. As a group, equities 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 given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend is Friday, October 9th. Marvell Technology’s dividend payout ratio (DPR) is 7.92%.

About Marvell Technology

Marvell Technology, Inc (NASDAQ: MRVL) is a semiconductor company that develops infrastructure solutions for data centers, telecommunications networks, enterprise systems, automotive applications and other connected markets. Its products are designed to support the movement, processing, storage and security of data across complex computing and communications environments.

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