Marvell Technology (NASDAQ:MRVL) Given New $225.00 Price Target at TD Cowen

Marvell Technology (NASDAQ:MRVL) had its target price upped by research analysts at TD Cowen from $200.00 to $225.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has a “hold” rating on the semiconductor company’s stock. TD Cowen’s price target points to a potential upside of 3.87% from the company’s previous close.

A number of other equities analysts have also recently issued reports on the stock. B. Riley Financial raised their target price on shares of Marvell Technology from $240.00 to $345.00 and gave the stock a “buy” rating in a report on Friday, June 12th. Benchmark increased their price target on Marvell Technology from $130.00 to $275.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. William Blair reiterated an “outperform” rating on shares of Marvell Technology in a research report on Thursday, May 28th. UBS Group reduced their price objective on Marvell Technology from $340.00 to $300.00 and set a “buy” rating for the company in a research report on Monday. Finally, Scotiabank initiated coverage on Marvell Technology in a research note on Tuesday, May 26th. They set an “outperform” rating for the company. Three research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $245.45.

Marvell Technology Stock Down 7.6%

MRVL stock traded down $17.71 during mid-day trading on Tuesday, hitting $216.62. 6,636,512 shares of the company were exchanged, compared to its average volume of 28,869,316. The firm has a fifty day simple moving average of $236.50 and a 200 day simple moving average of $167.33. The company has a market capitalization of $189.50 billion, a PE ratio of 74.59, a price-to-earnings-growth ratio of 1.39 and a beta of 2.24. Marvell Technology has a twelve month low of $61.44 and a twelve month high of $329.88. The company has a current ratio of 3.28, a quick ratio of 2.66 and a debt-to-equity ratio of 0.27.

Marvell Technology (NASDAQ:MRVL) last issued its earnings results on Wednesday, May 27th. The semiconductor company reported $0.80 EPS for the quarter, hitting the consensus estimate of $0.80. Marvell Technology had a return on equity of 13.83% and a net margin of 28.99%.The company had revenue of $2.42 billion during the quarter, compared to analyst estimates of $2.41 billion. During the same quarter last year, the firm earned $0.62 EPS. The business’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. On average, research analysts forecast that Marvell Technology will post 3.07 earnings per share for the current fiscal year.

Insider Activity at Marvell Technology

In related news, CFO Daniel Durn sold 2,250 shares of the firm’s stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of $281.01, for a total transaction of $632,272.50. Following the transaction, the chief financial officer owned 6,902 shares in the company, valued at $1,939,531.02. This trade represents a 24.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Matthew J. Murphy sold 7,500 shares of Marvell Technology stock in a transaction on Monday, August 17th. The shares were sold at an average price of $236.08, for a total value of $1,770,600.00. Following the transaction, the chief executive officer owned 783,186 shares in the company, valued at approximately $184,894,550.88. This trade represents a 0.95% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 41,981 shares of company stock valued at $9,753,132. Insiders own 0.12% of the company’s stock.

Institutional Trading of Marvell Technology

Hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. boosted its holdings in Marvell Technology by 34.1% during the second quarter. BlackRock Inc. now owns 85,641,174 shares of the semiconductor company’s stock worth $25,511,649,000 after buying an additional 21,798,190 shares in the last quarter. Norges Bank bought a new position in shares of Marvell Technology in the fourth quarter valued at $895,455,000. Bank of America Corp DE bought a new position in shares of Marvell Technology in the second quarter valued at $2,607,795,000. Legal & General Group Plc acquired a new stake in shares of Marvell Technology during the 2nd quarter valued at $1,742,526,000. Finally, Bank of New York Mellon Corp boosted its stake in shares of Marvell Technology by 153.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 7,957,985 shares of the semiconductor company’s stock worth $2,370,604,000 after acquiring an additional 4,815,725 shares in the last quarter. 83.51% of the stock is currently owned by institutional investors.

Key Stories Impacting Marvell Technology

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

• Positive Sentiment: Investor optimism remains tied to Marvell’s exposure to AI data-center infrastructure, including custom silicon, switching, optical connectivity, co-packaged optics, memory and storage products. Recent product developments have strengthened the company’s position in the data-movement and interconnect markets. Marvell Technology Deepens Its CPO Role in AI Data Centers
• Positive Sentiment: Analyst commentary ahead of earnings has generally been favorable. UBS said Marvell is well positioned, while several firms maintain Buy or Overweight ratings and price targets above the current share price. UBS Says Semtech and Marvell Are Positioned Well
• Positive Sentiment: Consensus expectations call for approximately $2.71 billion in fiscal Q2 revenue and $0.87 per share in earnings. Marvell’s latest quarter delivered 27.6% year-over-year revenue growth, supporting expectations for strong AI-related demand. Marvell Technology Earnings Outlook
• Neutral Sentiment: CEO Matthew Murphy sold 7,500 shares for $1.77 million at an average price of $236.08. The transaction was made under a pre-arranged Rule 10b5-1 plan and reduced his direct ownership by only 0.95%, limiting its significance as a standalone signal. Matthew Murphy Sells Marvell Shares
• Negative Sentiment: Near-term sentiment is being weighed down by valuation concerns and profit-taking across expensive chip stocks. Marvell’s elevated valuation means earnings, guidance and commentary on AI spending will need to justify substantial growth expectations. What’s Going On With Marvell Technology Stock Tuesday?

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.