Marvell Technology (NASDAQ:MRVL – Get Free Report) had its price target increased by investment analysts at B. Riley Financial from $240.00 to $345.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the semiconductor company’s stock. B. Riley Financial’s target price points to a potential upside of 24.36% from the company’s previous close.
MRVL has been the subject of a number of other research reports. Wells Fargo & Company lifted their target price on shares of Marvell Technology from $195.00 to $240.00 and gave the stock an “overweight” rating in a research note on Thursday, May 28th. Oppenheimer upped their price target on shares of Marvell Technology from $200.00 to $250.00 and gave the company an “outperform” rating in a research report on Thursday, May 28th. TD Cowen lifted their price objective on Marvell Technology from $180.00 to $200.00 and gave the stock a “hold” rating in a research report on Thursday, May 28th. Weiss Ratings reissued a “hold (c)” rating on shares of Marvell Technology in a research note on Friday, March 27th. Finally, Erste Group Bank assumed coverage on Marvell Technology in a research report on Thursday, April 2nd. They set a “buy” rating on the stock. Two investment analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $224.68.
View Our Latest Research Report on Marvell Technology
Marvell Technology Trading Down 1.2%
Marvell Technology (NASDAQ:MRVL – Get Free Report) last issued its quarterly earnings data on Wednesday, May 27th. The semiconductor company reported $0.80 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.80. Marvell Technology had a return on equity of 13.83% and a net margin of 28.99%.The company had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.41 billion. During the same period last year, the company earned $0.62 earnings per share. The firm’s revenue was up 27.6% compared to the same quarter last year. Marvell Technology has set its Q2 2027 guidance at 0.880-0.980 EPS. Equities research analysts anticipate that Marvell Technology will post 3.1 EPS for the current fiscal year.
Insider Buying and Selling
In other news, CFO Willem A. Meintjes sold 4,000 shares of the firm’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $175.24, for a total value of $700,960.00. Following the completion of the sale, the chief financial officer directly owned 226,675 shares in the company, valued at $39,722,527. This trade represents a 1.73% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew J. Murphy sold 7,500 shares of the business’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $177.26, for a total value of $1,329,450.00. Following the completion of the sale, the chief executive officer directly owned 739,397 shares of the company’s stock, valued at $131,065,512.22. The trade was a 1.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 255,060 shares of company stock worth $31,959,772 over the last 90 days. 0.12% of the stock is owned by company insiders.
Hedge Funds Weigh In On Marvell Technology
Large investors have recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in Marvell Technology by 23.5% during the third quarter. Vanguard Group Inc. now owns 79,610,208 shares of the semiconductor company’s stock worth $6,692,830,000 after buying an additional 15,166,976 shares in the last quarter. Wilson Asset Management International PTY Ltd. boosted its holdings in Marvell Technology by 20.4% during the 4th quarter. Wilson Asset Management International PTY Ltd. now owns 134,642 shares of the semiconductor company’s stock worth $11,442,000 after acquiring an additional 22,837 shares during the last quarter. Varma Mutual Pension Insurance Co grew its stake in shares of Marvell Technology by 25.4% in the 4th quarter. Varma Mutual Pension Insurance Co now owns 158,588 shares of the semiconductor company’s stock worth $13,477,000 after acquiring an additional 32,130 shares in the last quarter. Equitable Trust Co. raised its holdings in shares of Marvell Technology by 23.3% in the third quarter. Equitable Trust Co. now owns 68,254 shares of the semiconductor company’s stock valued at $5,738,000 after purchasing an additional 12,916 shares during the last quarter. Finally, Lombard Odier Asset Management USA Corp lifted its position in shares of Marvell Technology by 60.5% during the third quarter. Lombard Odier Asset Management USA Corp now owns 32,032 shares of the semiconductor company’s stock valued at $2,693,000 after purchasing an additional 12,076 shares in the last quarter. 83.51% of the stock is currently owned by institutional investors.
Marvell Technology News Summary
Here are the key news stories impacting Marvell Technology this week:
- Positive Sentiment: Marvell’s inclusion in the S&P 500 is a major catalyst, potentially driving new institutional demand and broader investor awareness. Reuters: Marvell appoints Adobe’s Dan Durn as finance chief
- Positive Sentiment: Analysts remain upbeat, with Erste Group Bank raising FY2027 and FY2028 earnings estimates and keeping a Buy rating, signaling stronger expected profitability ahead. MarketBeat: Marvell Technology, Inc. coverage
- Positive Sentiment: The company’s CFO transition appears orderly, with Dan Durn set to replace Willem Meintjes and Meintjes staying on in an advisory role, reducing concerns about leadership disruption. Business Wire: Marvell Announces CFO Transition
- Neutral Sentiment: Recent commentary highlights Marvell’s strong AI and optical-interconnect opportunity, but also notes valuation concerns after the stock’s sharp rally this year. The Motley Fool: Is Marvell Stock a Buy After It Joins the S&P 500?
- Neutral Sentiment: Marvell reaffirmed its near-term outlook and recent earnings updates suggest fundamentals remain strong, but the stock’s rich valuation means investors may be weighing growth against expectations. Yahoo Finance: Assessing Marvell Technology valuation after S&P 500 inclusion
- Negative Sentiment: Some articles caution that the stock could be vulnerable to a “sell-the-news” reaction after its massive run-up, especially if enthusiasm around the S&P 500 inclusion cools. 24/7 Wall St.: Marvell just ripped 57% in a month
Marvell Technology Company Profile
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.
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