Stifel Nicolaus Issues Positive Forecast for Marvell Technology (NASDAQ:MRVL) Stock Price

Marvell Technology (NASDAQ:MRVL) had its price objective increased by stock analysts at Stifel Nicolaus from $140.00 to $210.00 in a report issued on Friday,Benzinga reports. The firm currently has a “buy” rating on the semiconductor company’s stock. Stifel Nicolaus’ price objective would indicate a potential upside of 10.13% from the company’s previous close.

MRVL has been the topic of several other reports. Evercore reissued an “outperform” rating and issued a $155.00 price objective on shares of Marvell Technology in a report on Tuesday. Weiss Ratings reiterated a “hold (c)” rating on shares of Marvell Technology in a report on Friday, March 27th. Cantor Fitzgerald lifted their price objective on Marvell Technology from $100.00 to $120.00 and gave the stock a “neutral” rating in a report on Thursday, April 9th. Wall Street Zen cut Marvell Technology from a “buy” rating to a “hold” rating in a report on Sunday, March 15th. Finally, Melius Research set a $220.00 price objective on Marvell Technology in a report on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, Marvell Technology has a consensus rating of “Moderate Buy” and an average price target of $143.76.

Marvell Technology Stock Performance

Marvell Technology stock opened at $190.69 on Friday. Marvell Technology has a fifty-two week low of $58.61 and a fifty-two week high of $194.58. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.58 and a current ratio of 2.01. The company has a 50 day moving average price of $132.70 and a 200-day moving average price of $101.38. The company has a market capitalization of $171.11 billion, a PE ratio of 61.91, a P/E/G ratio of 1.56 and a beta of 2.25.

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

Insider Activity

In other news, COO Chris Koopmans sold 10,000 shares of the firm’s stock in a transaction dated Monday, April 6th. The stock was sold at an average price of $110.24, for a total transaction of $1,102,400.00. Following the sale, the chief operating officer owned 133,870 shares of the company’s stock, valued at approximately $14,757,828.80. This trade represents a 6.95% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Willem A. Meintjes sold 30,000 shares of the company’s stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $134.01, for a total transaction of $4,020,300.00. Following the completion of the transaction, the chief financial officer owned 154,111 shares of the company’s stock, valued at approximately $20,652,415.11. The trade was a 16.29% decrease in their position. The disclosure for this sale is available in the SEC filing. 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. In the last quarter, insiders have sold 245,060 shares of company stock valued at $29,901,072. Insiders own 0.19% of the company’s stock.

Institutional Investors Weigh In On Marvell Technology

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Intech Investment Management LLC boosted its stake in shares of Marvell Technology by 3.9% during the first quarter. Intech Investment Management LLC now owns 28,784 shares of the semiconductor company’s stock valued at $1,772,000 after acquiring an additional 1,085 shares during the last quarter. Baird Financial Group Inc. boosted its stake in shares of Marvell Technology by 22.7% during the second quarter. Baird Financial Group Inc. now owns 17,417 shares of the semiconductor company’s stock valued at $1,348,000 after acquiring an additional 3,221 shares during the last quarter. Flow Traders U.S. LLC acquired a new position in shares of Marvell Technology in the second quarter valued at approximately $354,000. Treasurer of the State of North Carolina raised its position in shares of Marvell Technology by 3.0% in the second quarter. Treasurer of the State of North Carolina now owns 403,818 shares of the semiconductor company’s stock valued at $31,256,000 after buying an additional 11,572 shares during the last quarter. Finally, Alliancebernstein L.P. raised its position in shares of Marvell Technology by 1.0% in the second quarter. Alliancebernstein L.P. now owns 411,569 shares of the semiconductor company’s stock valued at $31,855,000 after buying an additional 4,060 shares during the last quarter. Hedge funds and other institutional investors own 83.51% of the company’s 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.