FY2028 EPS Estimates for MRVL Increased by Erste Group Bank

Marvell Technology, Inc. (NASDAQ:MRVL) – Investment analysts at Erste Group Bank upped their FY2028 earnings estimates for Marvell Technology in a research report issued to clients and investors on Thursday, June 25th. Erste Group Bank analyst S. Lingnau now forecasts that the semiconductor company will earn $5.08 per share for the year, up from their previous forecast of $5.05. Erste Group Bank has a “Buy” rating on the stock. The consensus estimate for Marvell Technology’s current full-year earnings is $3.07 per share.

Marvell Technology (NASDAQ:MRVL) last posted 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 net margin of 28.99% and a return on equity of 13.83%. The firm had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.41 billion. During the same period in the previous year, the firm posted $0.62 earnings per share. The business’s revenue was up 27.6% compared to the same quarter last year. Marvell Technology has set its Q2 2027 guidance at 0.880-0.980 EPS.

Several other brokerages have also issued reports on MRVL. Bank of America increased their price target on Marvell Technology from $240.00 to $365.00 and gave the stock a “buy” rating in a report on Tuesday, June 23rd. Rosenblatt Securities restated a “buy” rating and set a $240.00 price objective on shares of Marvell Technology in a report on Friday, June 12th. Royal Bank Of Canada increased their target price on Marvell Technology from $170.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday, May 14th. B. Riley Financial lifted their price target on shares of Marvell Technology from $240.00 to $345.00 and gave the company a “buy” rating in a research report on Friday, June 12th. Finally, Wells Fargo & Company boosted their price target on shares of Marvell Technology from $195.00 to $240.00 and gave the company an “overweight” rating in a research note on Thursday, May 28th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $239.81.

Marvell Technology Stock Performance

Shares of MRVL opened at $277.75 on Tuesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.28 and a quick ratio of 2.66. The stock has a 50-day moving average of $219.64 and a 200-day moving average of $134.92. The company has a market cap of $242.98 billion, a PE ratio of 95.12, a P/E/G ratio of 1.75 and a beta of 2.29. Marvell Technology has a one year low of $61.44 and a one year high of $329.88.

Hedge Funds Weigh In On Marvell Technology

Hedge funds have recently modified their holdings of the company. Intech Investment Management LLC grew its holdings in shares of Marvell Technology by 3.9% in 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 in the last quarter. Baird Financial Group Inc. lifted its holdings in Marvell Technology by 22.7% during the second quarter. Baird Financial Group Inc. now owns 17,417 shares of the semiconductor company’s stock worth $1,348,000 after acquiring an additional 3,221 shares during the period. Flow Traders U.S. LLC purchased a new position in Marvell Technology in the second quarter worth $354,000. Treasurer of the State of North Carolina grew its stake in Marvell Technology by 3.0% in the 2nd 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 purchasing an additional 11,572 shares during the period. Finally, Alliancebernstein L.P. grew its stake in Marvell Technology by 1.0% in the 2nd quarter. Alliancebernstein L.P. now owns 411,569 shares of the semiconductor company’s stock valued at $31,855,000 after purchasing an additional 4,060 shares during the period. Institutional investors own 83.51% of the company’s stock.

Insider Activity

In other news, 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 value of $4,020,300.00. Following the completion of the sale, the chief financial officer owned 154,111 shares in the company, valued at $20,652,415.11. This represents a 16.29% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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 10,854 shares of the stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $107.01, for a total transaction of $1,161,486.54. Following the completion of the sale, the executive vice president owned 4,023 shares of the company’s stock, valued at approximately $430,501.23. This represents a 72.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 185,127 shares of company stock worth $25,874,325. Company insiders own 0.12% of the company’s stock.

Marvell Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 30th. Shareholders of record on Friday, July 10th will be issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend is Friday, July 10th. Marvell Technology’s payout ratio is currently 8.22%.

Marvell Technology News Roundup

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

• Positive Sentiment: UBS raised its price target on Marvell to $340 from $230, citing stronger AI-driven demand for next-generation connectivity and CXL products, which suggests more upside as hyperscalers keep investing in AI infrastructure. Article Title
• Positive Sentiment: Another UBS note highlighted Marvell’s leading share in the growing CXL market and increased estimates, reinforcing the view that Marvell is benefiting from a durable AI infrastructure cycle. Article Title
• Positive Sentiment: Multiple bullish commentaries pointed to Nvidia CEO Jensen Huang’s endorsement of Marvell as a potential “next trillion-dollar company,” adding momentum to the stock’s AI narrative and investor enthusiasm. Article Title
• Neutral Sentiment: Articles comparing Marvell with Broadcom and discussing whether Marvell is “too late to buy” underscore strong growth potential, but also remind investors that the stock already reflects a lot of optimism. Article Title
• Negative Sentiment: Some market commentary noted a broader chip-stock selloff tied to worries around AI IPO timing and near-term sentiment, which could cap gains even as Marvell’s fundamentals improve. Article Title

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.