FY2028 Earnings Estimate for MRVL Issued By Erste Group Bank

Marvell Technology, Inc. (NASDAQ:MRVL) – Research analysts at Erste Group Bank lifted their FY2028 earnings per share (EPS) estimates for Marvell Technology in a research report issued on Friday, June 5th. Erste Group Bank analyst S. Lingnau now forecasts that the semiconductor company will earn $5.05 per share for the year, up from their previous forecast of $4.60. Erste Group Bank currently has a “Buy” rating on the stock. The consensus estimate for Marvell Technology’s current full-year earnings is $3.10 per share.

Several other research analysts have also recently weighed in on MRVL. Rosenblatt Securities upped their price objective on shares of Marvell Technology from $190.00 to $240.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. Compass Point set a $190.00 price objective on shares of Marvell Technology in a research report on Tuesday, May 26th. Citigroup upped their price objective on shares of Marvell Technology from $118.00 to $215.00 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. Wall Street Zen cut shares of Marvell Technology from a “buy” rating to a “hold” rating in a research report on Sunday, March 15th. Finally, Royal Bank Of Canada upped their target price on Marvell Technology from $170.00 to $200.00 and gave the stock an “outperform” rating in a research note on Thursday, May 14th. Two research 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. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $218.58.

Marvell Technology Trading Up 11.1%

Shares of MRVL opened at $280.71 on Friday. The business’s 50-day moving average price is $179.03 and its 200-day moving average price is $118.22. Marvell Technology has a twelve month low of $61.44 and a twelve month high of $324.20. The stock has a market cap of $245.57 billion, a PE ratio of 96.13, a P/E/G ratio of 1.64 and a beta of 2.29. The company has a quick ratio of 2.66, a current ratio of 3.28 and a debt-to-equity ratio of 0.27.

Marvell Technology (NASDAQ:MRVL) last announced its quarterly earnings results on Wednesday, May 27th. The semiconductor company reported $0.80 earnings per share for the quarter, meeting the consensus estimate of $0.80. Marvell Technology had a return on equity of 13.83% and a net margin of 28.99%.The firm had revenue of $2.42 billion for the quarter, compared to analysts’ expectations of $2.41 billion. During the same period in the prior year, the business posted $0.62 earnings per share. The company’s revenue was up 27.6% on a year-over-year basis. Marvell Technology has set its Q2 2027 guidance at 0.880-0.980 EPS.

Marvell Technology Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Friday, April 10th were paid a $0.06 dividend. The ex-dividend date of this dividend was Friday, April 10th. This represents a $0.24 annualized dividend and a yield of 0.1%. Marvell Technology’s dividend payout ratio is currently 8.22%.

Insiders Place Their Bets

In other Marvell Technology news, insider Sandeep Bharathi sold 66,892 shares of the company’s stock in a transaction that occurred on Thursday, April 16th. The stock was sold at an average price of $130.35, for a total value of $8,719,372.20. Following the completion of the sale, the insider owned 55,199 shares of the company’s stock, valued at $7,195,189.65. This represents a 54.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available 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, EVP Mark Casper sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $135.50, for a total value of $1,355,000.00. Following the completion of the sale, the executive vice president directly owned 35,878 shares of the company’s stock, valued at approximately $4,861,469. This represents a 21.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 255,060 shares of company stock valued at $31,959,772 over the last 90 days. Company insiders own 0.12% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in MRVL. Vanguard Group Inc. grew its holdings in shares of Marvell Technology by 23.5% in the third quarter. Vanguard Group Inc. now owns 79,610,208 shares of the semiconductor company’s stock worth $6,692,830,000 after purchasing an additional 15,166,976 shares during the last quarter. Norges Bank bought a new position in shares of Marvell Technology in the fourth quarter worth approximately $895,455,000. Ameriprise Financial Inc. grew its holdings 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 worth $1,397,751,000 after purchasing an additional 6,217,952 shares during the last quarter. Franklin Resources Inc. grew its holdings 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 worth $1,000,689,000 after purchasing an additional 3,805,431 shares during the last quarter. Finally, Rafferty Asset Management LLC grew its holdings 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 worth $449,722,000 after purchasing an additional 3,056,808 shares during the last quarter. Institutional investors own 83.51% of the company’s stock.

Key Stories Impacting Marvell Technology

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

• Positive Sentiment: Marvell’s planned addition to the S&P 500 on June 22 is driving buying interest, since index funds and ETFs will need to add the stock. Why Is Marvell Technology (MRVL) Stock Soaring Today
• Positive Sentiment: Erste Group Bank raised its FY2027 and FY2028 earnings estimates for Marvell and kept a Buy rating, signaling stronger profit expectations ahead.
• Positive Sentiment: The company said CFO Willem Meintjes will retire and be replaced by Dan Durn, a move some analysts viewed as a smooth transition rather than a disruption. Marvell Announces CFO Transition
• Positive Sentiment: Investor enthusiasm remains high around Marvell’s AI infrastructure exposure, especially in optical interconnects and custom silicon, which continues to support the stock’s longer-term rally.
• Neutral Sentiment: Several articles focused on whether the recent surge makes Marvell too expensive to buy now, reflecting valuation concerns rather than a clear change in fundamentals.
• Negative Sentiment: Recent pullbacks show some traders are worried the S&P 500 inclusion could become a “sell-the-news” event after a very sharp year-to-date move.

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.