Marvell Technology (NASDAQ:MRVL) Given New $200.00 Price Target at Bank of America

Marvell Technology (NASDAQ:MRVL) had its price target raised by stock analysts at Bank of America from $125.00 to $200.00 in a report released on Wednesday. The brokerage presently has a “buy” rating on the semiconductor company’s stock. Bank of America‘s target price suggests a potential upside of 13.99% from the stock’s current price.

A number of other research firms also recently weighed in on MRVL. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $125.00 price target on shares of Marvell Technology in a research note on Wednesday. Wall Street Zen lowered Marvell Technology from a “buy” rating to a “hold” rating in a report on Sunday, March 15th. Deutsche Bank Aktiengesellschaft set a $120.00 price objective on Marvell Technology in a report on Tuesday, February 10th. Barclays raised Marvell Technology from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $105.00 to $150.00 in a report on Thursday, April 9th. Finally, Citigroup increased their price objective on Marvell Technology from $113.00 to $118.00 and gave the company a “buy” rating in a report on Friday, March 6th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Marvell Technology currently has a consensus rating of “Moderate Buy” and an average price target of $128.79.

Marvell Technology Stock Performance

Shares of MRVL stock traded up $10.95 on Wednesday, hitting $175.45. 18,586,441 shares of the stock traded hands, compared to its average volume of 20,734,227. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.01 and a quick ratio of 1.58. The company has a market capitalization of $153.43 billion, a PE ratio of 56.88, a PEG ratio of 1.55 and a beta of 2.25. Marvell Technology has a 1-year low of $58.61 and a 1-year high of $182.31. The company’s fifty day moving average is $119.26 and its 200 day moving average is $96.85.

Marvell Technology (NASDAQ:MRVL) last announced its earnings results on Thursday, March 5th. The semiconductor company reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.01. Marvell Technology had a return on equity of 14.22% and a net margin of 32.58%.The business had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.21 billion. During the same quarter last year, the business posted $0.60 earnings per share. The company’s quarterly revenue was up 22.1% on a year-over-year basis. Marvell Technology has set its Q1 2027 guidance at 0.740-0.840 EPS. On average, equities research analysts predict that Marvell Technology will post 3.04 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Sandeep Bharathi sold 66,892 shares of Marvell Technology stock in a transaction that occurred on Thursday, April 16th. The stock was sold at an average price of $130.35, for a total transaction of $8,719,372.20. Following the completion of the sale, the insider directly owned 55,199 shares of the company’s stock, valued at approximately $7,195,189.65. This trade represents a 54.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Willem A. Meintjes sold 30,000 shares of the business’s stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $134.01, for a total value of $4,020,300.00. Following the completion of the sale, the chief financial officer owned 154,111 shares of the company’s stock, valued at $20,652,415.11. This trade represents a 16.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 233,560 shares of company stock valued at $27,870,662 in the last ninety days. 0.33% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Hilton Head Capital Partners LLC lifted its holdings in Marvell Technology by 978.3% during the 1st quarter. Hilton Head Capital Partners LLC now owns 248 shares of the semiconductor company’s stock worth $25,000 after buying an additional 225 shares during the period. Jessup Wealth Management Inc bought a new stake in Marvell Technology in the 4th quarter valued at about $25,000. Laurel Wealth Advisors LLC bought a new stake in Marvell Technology in the 4th quarter valued at about $25,000. Cherry Tree Wealth Management LLC bought a new stake in Marvell Technology in the 4th quarter valued at about $26,000. Finally, Pittenger & Anderson Inc. increased its position in Marvell Technology by 61.5% in the 1st quarter. Pittenger & Anderson Inc. now owns 315 shares of the semiconductor company’s stock valued at $31,000 after buying an additional 120 shares in the last quarter. 83.51% of the stock is owned by institutional investors and hedge funds.

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.