Marvell Technology (NASDAQ:MRVL) Shares Up 4.2% – Here’s What Happened

Marvell Technology, Inc. (NASDAQ:MRVL) was up 4.2% during mid-day trading on Monday . The company traded as high as $92.52 and last traded at $91.58. Approximately 15,700,954 shares traded hands during trading, a decline of 8% from the average daily volume of 17,029,820 shares. The stock had previously closed at $87.86.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on MRVL shares. Melius Research raised Marvell Technology from a “hold” rating to a “buy” rating and set a $135.00 price target for the company in a report on Monday, January 5th. The Goldman Sachs Group upped their target price on Marvell Technology from $80.00 to $90.00 and gave the company a “neutral” rating in a research report on Wednesday, December 3rd. Morgan Stanley increased their target price on Marvell Technology from $95.00 to $103.00 and gave the company an “equal weight” rating in a research note on Friday, March 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Marvell Technology in a research report on Monday, December 29th. Finally, Benchmark raised shares of Marvell Technology from a “hold” rating to a “buy” rating and set a $130.00 price target on the stock in a report on Friday, March 6th. Two analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $117.24.

Marvell Technology Trading Up 4.2%

The company has a market cap of $80.07 billion, a P/E ratio of 29.73, a P/E/G ratio of 0.80 and a beta of 1.97. The business has a fifty day simple moving average of $81.70 and a 200 day simple moving average of $82.72. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.58 and a current ratio of 2.01.

Marvell Technology (NASDAQ:MRVL) last issued its quarterly earnings results on Thursday, March 5th. The semiconductor company reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.01. The business had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.21 billion. Marvell Technology had a return on equity of 14.22% and a net margin of 32.58%.The business’s quarterly revenue was up 22.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.60 EPS. Marvell Technology has set its Q1 2027 guidance at 0.740-0.840 EPS. Analysts anticipate that Marvell Technology, Inc. will post 0.91 earnings per share for the current fiscal year.

Insider Activity at Marvell Technology

In other news, EVP Mark Casper sold 5,000 shares of the stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $93.08, for a total transaction of $465,400.00. Following the sale, the executive vice president directly owned 19,418 shares in the company, valued at approximately $1,807,427.44. This represents a 20.48% 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. Company insiders own 0.33% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Laurel Wealth Advisors LLC acquired a new position in shares of Marvell Technology during the fourth quarter valued at $25,000. Jessup Wealth Management Inc acquired a new stake in shares of Marvell Technology in the 4th quarter worth about $25,000. Cherry Tree Wealth Management LLC bought a new stake in Marvell Technology in the 4th quarter valued at about $26,000. Atlantic Edge Private Wealth Management LLC boosted its stake in Marvell Technology by 160.0% during the 3rd quarter. Atlantic Edge Private Wealth Management LLC now owns 325 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 200 shares during the period. Finally, MidFirst Bank acquired a new position in Marvell Technology during the 4th quarter valued at about $28,000. 83.51% of the stock is currently owned by institutional investors.

About Marvell Technology

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.