MRVL Stock Gets Increased EPS Estimate from Zacks Research

Marvell Technology, Inc. (NASDAQ:MRVL) – Investment analysts at Zacks Research lifted their Q2 2028 earnings per share (EPS) estimates for shares of Marvell Technology in a report issued on Wednesday, November 4th. Zacks Research analyst Team now expects that the semiconductor company will earn $1.18 per share for the quarter, up from their prior forecast of $1.17. The consensus estimate for Marvell Technology’s current full-year earnings is $3.05 per share. Zacks Research also issued estimates for Marvell Technology’s Q3 2028 earnings at $1.45 EPS, Q4 2028 earnings at $1.82 EPS, Q2 2029 earnings at $1.89 EPS and Q3 2029 earnings at $2.20 EPS.

Marvell Technology (NASDAQ:MRVL) last posted its quarterly earnings results on Thursday, August 27th. The semiconductor company reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.01. The business had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.72 billion. Marvell Technology had a net margin of 27.93% and a return on equity of 13.57%. The firm’s revenue was up 36.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.67 earnings per share. Marvell Technology has set its Q3 2027 guidance at 1.050-1.150 EPS.

MRVL has been the subject of a number of other research reports. William Blair reissued an “outperform” rating on shares of Marvell Technology in a research note on Monday. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Marvell Technology in a research note on Thursday, October 29th. Oppenheimer reiterated an “outperform” rating and set a $425.00 price objective on shares of Marvell Technology in a report on Wednesday, October 7th. Erste Group Bank lowered Marvell Technology from a “buy” rating to a “hold” rating in a report on Wednesday, July 15th. Finally, Arete Research raised Marvell Technology to a “strong-buy” rating in a research report on Friday, October 16th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $300.85.

Marvell Technology Stock Performance

Shares of MRVL opened at $159.80 on Thursday. Marvell Technology has a 52 week low of $70.68 and a 52 week high of $329.88. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.62 and a current ratio of 3.17. The company has a market capitalization of $140.13 billion, a PE ratio of 52.74, a PEG ratio of 5.12 and a beta of 2.32. The company’s 50 day moving average price is $238.54 and its 200 day moving average price is $183.66.

Institutional Investors Weigh In On Marvell Technology

A number of large investors have recently bought and sold shares of 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 valued at $25,511,649,000 after purchasing an additional 21,798,190 shares in the last quarter. State Street Corp grew its stake in shares of Marvell Technology by 79.3% in the 2nd quarter. State Street Corp now owns 41,834,272 shares of the semiconductor company’s stock valued at $12,462,011,000 after purchasing an additional 18,495,866 shares during the period. Bank of America Corp DE bought a new stake in shares of Marvell Technology in the 2nd quarter valued at approximately $2,607,795,000. Legal & General Group Plc acquired a new position in shares of Marvell Technology in the 2nd quarter worth approximately $1,742,526,000. Finally, Bank of New York Mellon Corp raised its holdings in shares of Marvell Technology by 153.3% in 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 buying an additional 4,815,725 shares in the last quarter. 83.51% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Marvell Technology

In other news, COO Chris Koopmans sold 10,000 shares of the firm’s stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $186.97, for a total transaction of $1,869,700.00. Following the transaction, the chief operating officer owned 202,800 shares in the company, valued at approximately $37,917,516. This trade represents a 4.70% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sandeep Bharathi sold 3,685 shares of the firm’s stock in a transaction on Friday, October 16th. The shares were sold at an average price of $234.97, for a total transaction of $865,864.45. Following the transaction, the insider owned 58,748 shares in the company, valued at $13,804,017.56. This represents a 5.90% decrease in their position. The SEC filing for this sale provides additional information. 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. Over the last ninety days, insiders sold 57,285 shares of company stock valued at $12,901,763. 0.12% of the stock is currently owned by insiders.

Marvell Technology Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 29th. Shareholders of record on Friday, October 9th were paid a $0.06 dividend. The ex-dividend date was Friday, October 9th. This represents a $0.24 dividend on an annualized basis and a yield of 0.2%. Marvell Technology’s payout ratio is 7.92%.

Marvell Technology News Roundup

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

• Positive Sentiment: Marvell’s proposed all-stock acquisition of Lumentum would combine Marvell’s custom chips and networking products with Lumentum’s optical technology for AI data centers. Supporters see the combination as a way to strengthen Marvell’s position in optical networking and capture AI infrastructure growth; the company has cited potential annual cost savings exceeding $1 billion and first-year adjusted EPS accretion after closing. Article: Marvell’s Deal to Acquire Lumentum Could Be a Game Changer
• Positive Sentiment: Some analysts remain constructive, viewing the acquisition as strategically beneficial for Marvell’s optical-networking opportunity, while other firms continue to rate the stock Buy despite reducing their targets. Article: Marvell’s Lumentum Acquisition Strengthens Optical Networking Outlook
• Neutral Sentiment: Marvell’s recent quarterly results showed revenue growth and a small earnings beat, but those results have not offset investors’ current focus on the acquisition and broader semiconductor-sector pressures.
• Negative Sentiment: The proposed $115 billion Lumentum transaction is all-stock, raising concerns about dilution, deal valuation, regulatory approval, potential customer conflicts and integration risks. The decline in Marvell’s shares also reduces the value of the stock-based offer, adding uncertainty for both companies’ investors. Article: Marvell Technology Could Plunge on Latest Multibillion-Dollar Acquisition
• Negative Sentiment: Analyst reactions have been mixed, with Bank of America and TD Cowen downgrading the stock and cutting their price targets substantially, citing deal-related headwinds. A broader selloff in AI and data-center stocks has added pressure. Article: BofA Slashes Marvell Target After Lumentum Deal

Marvell Technology Company Profile

Marvell Technology, Inc (NASDAQ: MRVL) is a semiconductor company that develops infrastructure solutions for data centers, telecommunications networks, enterprise systems, automotive applications and other connected markets. Its products are designed to support the movement, processing, storage and security of data across complex computing and communications environments.

The company’s portfolio includes data-processing and networking processors, custom application-specific integrated circuits, Ethernet switches and controllers, storage controllers, connectivity products, and electro-optics solutions.