Zacks Research Analysts Boost Earnings Estimates for MRVL

Marvell Technology, Inc. (NASDAQ:MRVL) – Stock analysts at Zacks Research lifted their Q2 2028 earnings per share estimates for shares of Marvell Technology in a research report issued on Thursday, September 10th. Zacks Research analyst Team now forecasts that the semiconductor company will post earnings per share of $1.17 for the quarter, up from their prior forecast of $1.07. The consensus estimate for Marvell Technology’s current full-year earnings is $3.03 per share. Zacks Research also issued estimates for Marvell Technology’s Q3 2028 earnings at $1.44 EPS and Q1 2029 earnings at $1.66 EPS.

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

MRVL has been the topic of a number of other research reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $240.00 target price on shares of Marvell Technology in a research report on Thursday, May 28th. Evercore reiterated an “outperform” rating and set a $155.00 price target on shares of Marvell Technology in a report on Tuesday, May 19th. Jefferies Financial Group restated a “buy” rating and issued a $325.00 price objective on shares of Marvell Technology in a report on Thursday, August 20th. William Blair reaffirmed an “outperform” rating on shares of Marvell Technology in a research note on Thursday, May 28th. Finally, TD Cowen increased their price objective on shares of Marvell Technology from $225.00 to $245.00 and gave the stock a “hold” rating in a research report on Friday, August 28th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $270.47.

Marvell Technology Trading Down 7.3%

MRVL opened at $218.82 on Monday. The stock has a market capitalization of $191.88 billion, a PE ratio of 72.22, a P/E/G ratio of 2.29 and a beta of 2.25. Marvell Technology has a one year low of $66.33 and a one year 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 business’s 50 day moving average price is $215.80 and its 200 day moving average price is $188.18.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of MRVL. Revere Asset Management Inc purchased a new stake in shares of Marvell Technology in the second quarter valued at approximately $7,179,000. Miramontes Capital LLC purchased a new position in Marvell Technology in the second quarter worth $597,000. Integrated Wealth Concepts LLC lifted its holdings in Marvell Technology by 13.2% in the second quarter. Integrated Wealth Concepts LLC now owns 18,540 shares of the semiconductor company’s stock valued at $5,523,000 after acquiring an additional 2,169 shares during the period. Nykredit A S acquired a new stake in Marvell Technology in the second quarter valued at $93,822,000. Finally, Parkside Financial Bank & Trust boosted its position in shares of Marvell Technology by 10.2% during the 2nd quarter. Parkside Financial Bank & Trust now owns 1,247 shares of the semiconductor company’s stock worth $371,000 after purchasing an additional 115 shares in the last quarter. Institutional investors and hedge funds own 83.51% of the company’s stock.

Insider Transactions at Marvell Technology

In other Marvell Technology news, CEO Matthew J. Murphy sold 7,500 shares of Marvell Technology stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $236.08, for a total transaction of $1,770,600.00. Following the completion of the sale, the chief executive officer directly owned 783,186 shares of the company’s stock, valued at $184,894,550.88. The trade was a 0.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Chris Koopmans sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $180.50, for a total value of $1,805,000.00. Following the sale, the chief operating officer owned 227,941 shares of the company’s stock, valued at approximately $41,143,350.50. The trade was a 4.20% 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. Over the last ninety days, insiders sold 39,750 shares of company stock valued at $9,059,772. 0.12% of the stock is currently owned by corporate insiders.

Marvell Technology Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 30th. Shareholders of record on Friday, July 10th were given a $0.06 dividend. The ex-dividend date of this dividend was Friday, July 10th. This represents a $0.24 dividend on an annualized basis and a yield of 0.1%. Marvell Technology’s dividend payout ratio (DPR) is currently 7.92%.

Trending Headlines about Marvell Technology

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

• Positive Sentiment: An analyst raised the company’s second-quarter EPS forecast, signaling continued confidence in Marvell’s earnings outlook. Q2 EPS Forecast for Marvell Technology Boosted by Analyst
• Positive Sentiment: Marvell remains positioned to benefit from demand for custom silicon and data-center connectivity, and investors are awaiting its presentation of its data-center portfolio. Its latest reported quarter showed 36.5% year-over-year revenue growth and earnings slightly above consensus. Marvell stock plunges as a new threat hits the AI trade
• Neutral Sentiment: Marvell is intensifying competition in custom silicon, an important growth market but one where AI-related optimism may already be reflected in the stock’s valuation. Comparisons with Nvidia highlighted Nvidia’s faster growth, higher gross margin and lower forward valuation. Marvell Heats Up Custom Silicon Competition
• Negative Sentiment: Anthropic CEO Dario Amodei’s call for a slower pace of AI development, reportedly supported by other technology leaders, fueled concerns that hyperscalers could moderate spending on AI servers, networking and custom chips. Why Is Marvell Stock Down Nearly 8%?
• Negative Sentiment: The AI-spending debate triggered broad selling across chipmakers, including Marvell, Nvidia and Broadcom. The decline was compounded by uncertainty ahead of Federal Reserve policy week and concerns that high-flying semiconductor stocks had outpaced near-term fundamentals. Marvell Falls as AI Pacing Debate Collides With Fed Week

About Marvell Technology

Marvell Technology, Inc (NASDAQ: MRVL) is a semiconductor company that develops infrastructure solutions for data centers, cloud computing, communications networks, automotive applications and enterprise environments. Its products are designed to move, process, secure and store data across increasingly complex computing and networking systems.

The company’s portfolio includes networking and switching products, optical and electrical interconnect solutions, custom application-specific integrated circuits, storage controllers and processors.