Marvell Technology (NASDAQ:MRVL) Stock Price Expected to Rise, Benchmark Analyst Says

Marvell Technology (NASDAQ:MRVL) had its price objective increased by stock analysts at Benchmark from $130.00 to $275.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the semiconductor company’s stock. Benchmark’s price objective suggests a potential upside of 38.40% from the stock’s current price.

Several other brokerages also recently commented on MRVL. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $240.00 target price on shares of Marvell Technology in a report on Thursday. William Blair reissued an “outperform” rating on shares of Marvell Technology in a report on Thursday. Melius Research set a $220.00 target price on Marvell Technology in a report on Monday, May 18th. KeyCorp assumed coverage on Marvell Technology in a report on Tuesday. They issued a “sector weight” rating on the stock. Finally, Zacks Research raised Marvell Technology from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 31st. One research analyst has rated the stock with a Strong Buy rating, thirty have given a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $184.15.

Marvell Technology Stock Down 4.6%

Shares of MRVL opened at $198.70 on Thursday. The company has a market capitalization of $178.30 billion, a P/E ratio of 64.51, a PEG ratio of 1.73 and a beta of 2.25. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.01 and a quick ratio of 1.58. Marvell Technology has a one year low of $58.61 and a one year high of $218.26. The business’s 50 day simple moving average is $141.54 and its 200-day simple moving average is $104.44.

Marvell Technology (NASDAQ:MRVL) last announced its earnings results on Wednesday, May 27th. The semiconductor company reported $0.80 EPS for the quarter, hitting the consensus estimate of $0.80. The business had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.41 billion. Marvell Technology had a return on equity of 14.22% and a net margin of 32.58%.Marvell Technology’s revenue was up 27.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.62 EPS. Marvell Technology has set its Q2 2027 guidance at 0.880-0.980 EPS. As a group, sell-side analysts predict that Marvell Technology will post 3.04 EPS for the current fiscal year.

Insider Activity

In other Marvell Technology news, CEO Matthew J. Murphy sold 30,000 shares of the company’s stock in a transaction on Thursday, March 26th. The stock was sold at an average price of $98.70, for a total transaction of $2,961,000.00. Following the transaction, the chief executive officer owned 310,106 shares of the company’s stock, valued at approximately $30,607,462.20. This represents a 8.82% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Mark Casper sold 10,854 shares of the company’s stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $107.01, for a total value of $1,161,486.54. Following the transaction, the executive vice president directly owned 4,023 shares in the company, valued at approximately $430,501.23. This represents a 72.96% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 245,060 shares of company stock worth $29,901,072. 0.12% of the stock is owned by company insiders.

Institutional Trading of Marvell Technology

Institutional investors and hedge funds have recently made changes to their positions in the business. Hilton Head Capital Partners LLC raised its position in shares of Marvell Technology by 978.3% during the 1st quarter. Hilton Head Capital Partners LLC now owns 248 shares of the semiconductor company’s stock valued at $25,000 after acquiring an additional 225 shares during the last quarter. Jessup Wealth Management Inc bought a new stake in shares of Marvell Technology during the 4th quarter valued at $25,000. Laurel Wealth Advisors LLC bought a new stake in shares of Marvell Technology during the 4th quarter valued at $25,000. Cherry Tree Wealth Management LLC bought a new stake in shares of Marvell Technology during the 4th quarter valued at $26,000. Finally, Pittenger & Anderson Inc. raised its position in shares of Marvell Technology by 61.5% during the 1st quarter. Pittenger & Anderson Inc. now owns 315 shares of the semiconductor company’s stock valued at $31,000 after acquiring an additional 120 shares during the last quarter. Institutional investors own 83.51% of the company’s stock.

Trending Headlines about Marvell Technology

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

• Positive Sentiment: Marvell reported Q1 revenue of $2.42 billion and EPS of $0.80, topping or matching estimates, while revenue rose about 28% year over year on strong data-center demand.
• Positive Sentiment: Management raised guidance for the next quarter and boosted multiyear revenue targets, signaling that AI-related bookings and networking momentum are accelerating. Marvell Technology, Inc. Reports First Quarter of Fiscal Year 2027 Financial Results
• Positive Sentiment: Several Wall Street firms raised price targets after the report, including UBS to $230, Citi to $225, and Bank of America to $240, which helped extend bullish sentiment around the stock.

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.