Zacks Research Brokers Increase Earnings Estimates for MRVL

Marvell Technology, Inc. (NASDAQ:MRVL) – Equities researchers at Zacks Research upped their Q1 2027 EPS estimates for shares of Marvell Technology in a note issued to investors on Tuesday, December 16th. Zacks Research analyst Team now expects that the semiconductor company will post earnings per share of $0.61 for the quarter, up from their prior forecast of $0.58. Zacks Research currently has a “Strong-Buy” rating on the stock. The consensus estimate for Marvell Technology’s current full-year earnings is $0.91 per share.

Marvell Technology (NASDAQ:MRVL) last posted its earnings results on Tuesday, December 2nd. The semiconductor company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.02. The firm had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $2.06 billion. Marvell Technology had a net margin of 31.75% and a return on equity of 13.15%. The business’s revenue was up 36.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.43 EPS. Marvell Technology has set its Q4 2026 guidance at 0.740-0.840 EPS.

MRVL has been the subject of several other research reports. Evercore ISI lifted their price target on Marvell Technology from $122.00 to $156.00 and gave the company an “outperform” rating in a research note on Wednesday, December 3rd. Raymond James Financial began coverage on Marvell Technology in a report on Thursday, November 20th. They issued a “strong-buy” rating and a $121.00 price objective on the stock. HSBC started coverage on Marvell Technology in a research report on Monday, November 24th. They issued a “hold” rating and a $85.00 price objective for the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Marvell Technology in a research report on Tuesday. Finally, B. Riley reissued a “buy” rating and issued a $130.00 price target (up previously from $100.00) on shares of Marvell Technology in a research note on Wednesday, December 3rd. Four research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and fourteen have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $111.25.

Marvell Technology Trading Up 3.4%

Shares of Marvell Technology stock opened at $84.47 on Friday. The firm has a 50-day simple moving average of $87.75 and a two-hundred day simple moving average of $78.74. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.64 and a current ratio of 2.01. Marvell Technology has a fifty-two week low of $47.08 and a fifty-two week high of $127.48. The company has a market cap of $71.64 billion, a P/E ratio of 29.64, a price-to-earnings-growth ratio of 0.79 and a beta of 1.93.

Marvell Technology declared that its Board of Directors has initiated a share repurchase plan on Wednesday, September 24th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the semiconductor company to purchase up to 7.8% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

Marvell Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 29th. Investors of record on Friday, January 9th will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Friday, January 9th. Marvell Technology’s dividend payout ratio is currently 8.42%.

Insider Buying and Selling

In other Marvell Technology news, CFO Willem A. Meintjes bought 3,400 shares of Marvell Technology stock in a transaction dated Thursday, September 25th. The stock was acquired at an average cost of $78.03 per share, for a total transaction of $265,302.00. Following the completion of the transaction, the chief financial officer directly owned 132,159 shares of the company’s stock, valued at approximately $10,312,366.77. This represents a 2.64% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Mark Casper sold 1,253 shares of the firm’s stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $101.00, for a total transaction of $126,553.00. Following the completion of the transaction, the executive vice president directly owned 9,023 shares in the company, valued at approximately $911,323. This represents a 12.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have bought a total of 27,200 shares of company stock worth $2,109,632 in the last ninety days. Company insiders own 0.19% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Trifecta Capital Advisors LLC increased its position in Marvell Technology by 8.8% in the third quarter. Trifecta Capital Advisors LLC now owns 1,430 shares of the semiconductor company’s stock worth $120,000 after purchasing an additional 116 shares during the period. GAMMA Investing LLC boosted its stake in shares of Marvell Technology by 1.7% in the 3rd quarter. GAMMA Investing LLC now owns 7,306 shares of the semiconductor company’s stock valued at $614,000 after purchasing an additional 122 shares during the last quarter. FSM Wealth Advisors LLC grew its position in shares of Marvell Technology by 4.4% during the 3rd quarter. FSM Wealth Advisors LLC now owns 2,939 shares of the semiconductor company’s stock worth $247,000 after buying an additional 123 shares during the period. Faithward Advisors LLC raised its stake in shares of Marvell Technology by 2.1% during the third quarter. Faithward Advisors LLC now owns 6,242 shares of the semiconductor company’s stock worth $525,000 after buying an additional 126 shares during the last quarter. Finally, Meeder Asset Management Inc. lifted its holdings in Marvell Technology by 30.4% in the third quarter. Meeder Asset Management Inc. now owns 557 shares of the semiconductor company’s stock valued at $47,000 after buying an additional 130 shares during the period. 83.51% of the stock is owned by hedge funds and other institutional investors.

About Marvell Technology

Marvell Technology, Inc, together with its subsidiaries, provides data infrastructure semiconductor solutions, spanning the data center core to network edge. The company develops and scales complex System-on-a-Chip architectures, integrating analog, mixed-signal, and digital signal processing functionality.