Marvell Technology (NASDAQ:MRVL) Trading Up 6.1% Following Analyst Upgrade

Shares of Marvell Technology, Inc. (NASDAQ:MRVL) traded up 6.1% during trading on Tuesday after TD Cowen upgraded the stock from a hold rating to a buy rating. The company traded as high as $217.45 and last traded at $208.26. 41,392,027 shares were traded during trading, an increase of 93% from the average session volume of 21,417,807 shares. The stock had previously closed at $196.33.

A number of other brokerages have also commented on MRVL. B. Riley Financial restated a “buy” rating on shares of Marvell Technology in a research note on Tuesday, May 12th. Benchmark restated a “buy” rating and issued a $130.00 target price on shares of Marvell Technology in a research note on Tuesday, March 31st. Stifel Nicolaus upped their target price on Marvell Technology from $140.00 to $210.00 and gave the company a “buy” rating in a research note on Friday. Deutsche Bank Aktiengesellschaft set a $120.00 target price on Marvell Technology in a research note on Tuesday, February 10th. Finally, Evercore restated an “outperform” rating and issued a $155.00 target price on shares of Marvell Technology in a research note on Tuesday, May 19th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $158.76.

Insider Activity

In other Marvell Technology news, CFO Willem A. Meintjes sold 30,000 shares of the stock in a transaction on Wednesday, April 15th. The stock was 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 directly owned 154,111 shares in the company, valued at $20,652,415.11. This represents a 16.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 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, COO Chris Koopmans sold 10,000 shares of the stock in a transaction on Monday, April 6th. The stock was sold at an average price of $110.24, for a total value of $1,102,400.00. Following the transaction, the chief operating officer owned 133,870 shares of the company’s stock, valued at $14,757,828.80. This represents a 6.95% 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. Over the last ninety days, insiders sold 245,060 shares of company stock valued at $29,901,072. 0.19% of the stock is owned by company insiders.

Marvell Technology News Roundup

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

• Positive Sentiment: HSBC upgraded Marvell to buy, citing its position in the AI-networking super-cycle and supporting the stock’s move higher ahead of earnings. HSBC Upgrades Marvell Stock (MRVL) Ahead of Q1 Earnings, Says ‘Ready to Ride the AI-Networking Super-Cycle’
• Positive Sentiment: Multiple Wall Street firms raised price targets on Marvell before earnings, reinforcing expectations for solid results and continued AI-driven growth. Citi Lifts Price Target on Marvell Technology, Inc. (MRVL)
• Positive Sentiment: Investor sentiment is being lifted by headlines framing Marvell as a key beneficiary of the broader AI rally, with chipmakers gaining as demand for AI infrastructure stays strong. Micron, Marvell Lead the AI Rally to Start the Week. Here’s What Wall Street Is Watching Next

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of MRVL. Vanguard Group Inc. raised its stake 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 acquiring an additional 15,166,976 shares in the last quarter. Norges Bank acquired a new stake in shares of Marvell Technology in the fourth quarter valued at $895,455,000. Ameriprise Financial Inc. increased its stake in shares of Marvell Technology by 59.7% in the third quarter. Ameriprise Financial Inc. now owns 16,624,827 shares of the semiconductor company’s stock valued at $1,397,751,000 after buying an additional 6,217,952 shares in the last quarter. Franklin Resources Inc. increased its stake in shares of Marvell Technology by 47.0% in the third quarter. Franklin Resources Inc. now owns 11,903,051 shares of the semiconductor company’s stock valued at $1,000,689,000 after buying an additional 3,805,431 shares in the last quarter. Finally, Rafferty Asset Management LLC increased its stake in shares of Marvell Technology by 111.0% in the second quarter. Rafferty Asset Management LLC now owns 5,810,359 shares of the semiconductor company’s stock valued at $449,722,000 after buying an additional 3,056,808 shares in the last quarter. 83.51% of the stock is currently owned by institutional investors and hedge funds.

Marvell Technology Stock Performance

The company has a market capitalization of $186.88 billion, a price-to-earnings ratio of 67.62, a price-to-earnings-growth ratio of 1.64 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. The stock has a 50 day moving average price of $136.99 and a two-hundred day moving average price of $102.89.

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 analysts’ consensus estimates of $0.79 by $0.01. Marvell Technology had a return on equity of 14.22% and a net margin of 32.58%.The company had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.21 billion. During the same period last year, the company posted $0.60 earnings per share. The firm’s quarterly revenue was up 22.1% compared to the same quarter last year. Marvell Technology has set its Q1 2027 guidance at 0.740-0.840 EPS. On average, analysts predict that Marvell Technology, Inc. will post 3.04 EPS for the current fiscal year.

Marvell Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Friday, April 10th were paid a $0.06 dividend. The ex-dividend date was Friday, April 10th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.1%. Marvell Technology’s dividend payout ratio (DPR) is 7.79%.

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.