Marvell Technology (NASDAQ:MRVL) Trading Up 8.2% After Analyst Upgrade

Marvell Technology, Inc. (NASDAQ:MRVL)’s stock price traded up 8.2% during mid-day trading on Monday after Hsbc Global Res upgraded the stock to a hold rating. The company traded as high as $84.58 and last traded at $83.79. 23,872,130 shares were traded during trading, an increase of 24% from the average session volume of 19,202,623 shares. The stock had previously closed at $77.45.

Other research analysts also recently issued research reports about the company. HSBC started coverage on Marvell Technology in a research note on Monday. They issued a “hold” rating and a $85.00 target price on the stock. JPMorgan Chase & Co. dropped their price objective on Marvell Technology from $130.00 to $120.00 and set an “overweight” rating on the stock in a report on Friday, August 29th. Jefferies Financial Group reduced their target price on shares of Marvell Technology from $90.00 to $80.00 and set a “buy” rating for the company in a research note on Friday, August 29th. Susquehanna upped their price objective on shares of Marvell Technology from $80.00 to $100.00 and gave the stock a “positive” rating in a report on Tuesday. Finally, Oppenheimer boosted their price objective on shares of Marvell Technology from $95.00 to $115.00 and gave the stock an “outperform” rating in a research note on Friday, October 10th. Three analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and fifteen have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $94.41.

Insider Transactions at Marvell Technology

In other news, insider Sandeep Bharathi acquired 3,400 shares of the firm’s stock in a transaction on Thursday, September 25th. The shares were purchased at an average cost of $78.03 per share, for a total transaction of $265,302.00. Following the transaction, the insider owned 73,392 shares of the company’s stock, valued at approximately $5,726,777.76. This represents a 4.86% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Willem A. Meintjes acquired 3,400 shares of Marvell Technology stock in a transaction on 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 purchase, the chief financial officer owned 132,159 shares of the company’s stock, valued at approximately $10,312,366.77. The trade was a 2.64% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought a total of 27,200 shares of company stock worth $2,109,632 in the last quarter. 0.19% of the stock is owned by corporate insiders.

Institutional Trading of Marvell Technology

Institutional investors have recently made changes to their positions in the business. Atlantic Edge Private Wealth Management LLC lifted its stake in shares of Marvell Technology by 160.0% during the 3rd quarter. Atlantic Edge Private Wealth Management LLC now owns 325 shares of the semiconductor company’s stock worth $27,000 after buying an additional 200 shares during the last quarter. Game Plan Financial Advisors LLC purchased a new position in shares of Marvell Technology in the second quarter worth about $27,000. Kiker Wealth Management LLC increased its position in shares of Marvell Technology by 374.7% during the second quarter. Kiker Wealth Management LLC now owns 356 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 281 shares during the period. Nova Wealth Management Inc. grew its holdings in shares of Marvell Technology by 3,922.2% during the third quarter. Nova Wealth Management Inc. now owns 362 shares of the semiconductor company’s stock worth $30,000 after purchasing an additional 353 shares in the last quarter. Finally, N.E.W. Advisory Services LLC purchased a new stake in shares of Marvell Technology in the 2nd quarter valued at $32,000. Institutional investors own 83.51% of the company’s stock.

Marvell Technology Stock Up 5.1%

The company has a market capitalization of $75.62 billion, a P/E ratio of -674.77, a PEG ratio of 1.10 and a beta of 1.95. The company has a 50 day moving average of $85.50 and a 200-day moving average of $75.82. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.88 and a quick ratio of 1.44.

Marvell Technology (NASDAQ:MRVL) last posted its quarterly earnings data on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share for the quarter, meeting the consensus estimate of $0.67. Marvell Technology had a positive return on equity of 11.01% and a negative net margin of 1.43%.The business had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $2.01 billion. During the same period in the previous year, the firm posted $0.30 EPS. The business’s revenue was up 57.6% on a year-over-year basis. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. As a group, equities analysts anticipate that Marvell Technology, Inc. will post 0.91 EPS for the current year.

Marvell Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 30th. Shareholders of record on Friday, October 10th were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date was Friday, October 10th. Marvell Technology’s dividend payout ratio is -184.62%.

Marvell Technology declared that its board has authorized a share buyback plan on Wednesday, September 24th that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the semiconductor company to reacquire up to 7.8% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

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.