Marvell Technology, Inc. (NASDAQ:MRVL) Receives Consensus Rating of “Moderate Buy” from Brokerages

Marvell Technology, Inc. (NASDAQ:MRVL) has received an average recommendation of “Moderate Buy” from the thirty-eight research firms that are currently covering the firm, Marketbeat reports. Fourteen analysts have rated the stock with a hold recommendation, twenty have assigned a buy recommendation and four have issued a strong buy recommendation on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $111.25.

Several equities analysts have issued reports on the stock. Evercore ISI lifted their price target on shares of Marvell Technology from $122.00 to $156.00 and gave the stock an “outperform” rating in a report on Wednesday, December 3rd. Bank of America restated a “neutral” rating and set a $78.00 target price (down from $90.00) on shares of Marvell Technology in a research note on Friday, August 29th. Hsbc Global Res upgraded Marvell Technology to a “hold” rating in a research note on Monday, November 24th. Jefferies Financial Group boosted their price target on Marvell Technology from $80.00 to $120.00 and gave the stock a “buy” rating in a research note on Wednesday, December 3rd. Finally, Piper Sandler set a $110.00 price objective on shares of Marvell Technology in a report on Wednesday, December 3rd.

Insider Activity

In related news, EVP Mark Casper sold 1,253 shares of the firm’s stock in a transaction on Friday, December 5th. The stock was sold at an average price of $101.00, for a total value of $126,553.00. Following the completion of the transaction, the executive vice president owned 9,023 shares in the company, valued at $911,323. This trade represents a 12.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.19% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Taylor Frigon Capital Management LLC grew its position in shares of Marvell Technology by 16.5% during the 2nd quarter. Taylor Frigon Capital Management LLC now owns 33,605 shares of the semiconductor company’s stock valued at $2,601,000 after acquiring an additional 4,748 shares during the period. Waterfront Wealth Inc. boosted its position in Marvell Technology by 21.5% during the second quarter. Waterfront Wealth Inc. now owns 18,394 shares of the semiconductor company’s stock worth $1,424,000 after purchasing an additional 3,258 shares in the last quarter. BOCHK Asset Management Ltd acquired a new stake in Marvell Technology in the second quarter valued at approximately $1,486,000. Westbourne Investments Inc. increased its position in shares of Marvell Technology by 442.4% in the second quarter. Westbourne Investments Inc. now owns 21,695 shares of the semiconductor company’s stock valued at $1,679,000 after buying an additional 17,695 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Marvell Technology during the 2nd quarter worth approximately $716,713,000. 83.51% of the stock is currently owned by hedge funds and other institutional investors.

Marvell Technology Price Performance

MRVL opened at $86.64 on Friday. The firm has a market capitalization of $73.48 billion, a PE ratio of 30.40, a price-to-earnings-growth ratio of 0.84 and a beta of 1.93. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.01 and a quick ratio of 1.64. The business’s 50-day moving average is $87.58 and its two-hundred day moving average is $79.48. Marvell Technology has a 1 year low of $47.08 and a 1 year high of $127.48.

Marvell Technology (NASDAQ:MRVL) last released its quarterly earnings results on Tuesday, December 2nd. The semiconductor company reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. The business had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $2.06 billion. Marvell Technology had a net margin of 31.75% and a return on equity of 13.15%. The company’s revenue was up 36.8% compared to the same quarter last year. During the same period last year, the business earned $0.43 EPS. Marvell Technology has set its Q4 2026 guidance at 0.740-0.840 EPS. Research analysts anticipate that Marvell Technology will post 0.91 earnings per share for the current fiscal year.

Marvell Technology Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 29th. Shareholders of record on Friday, January 9th will be issued a $0.06 dividend. The ex-dividend date of this dividend is Friday, January 9th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.3%. Marvell Technology’s dividend payout ratio (DPR) is currently 8.42%.

Marvell Technology announced that its board has approved a stock buyback program on Wednesday, September 24th that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the semiconductor company to purchase up to 7.8% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its stock is undervalued.

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.