Marvell Technology, Inc. (NASDAQ:MRVL) Receives $111.25 Consensus PT from Brokerages

Marvell Technology, Inc. (NASDAQ:MRVL) has received an average rating of “Moderate Buy” from the thirty-eight brokerages that are currently covering the stock, Marketbeat.com reports. Fourteen research analysts have rated the stock with a hold recommendation, twenty have issued a buy recommendation and four have issued a strong buy recommendation on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $111.25.

A number of equities analysts have issued reports on MRVL shares. Wells Fargo & Company increased their price target on Marvell Technology from $90.00 to $135.00 and gave the company an “overweight” rating in a research note on Wednesday, December 3rd. The Goldman Sachs Group upped their price objective on Marvell Technology from $80.00 to $90.00 and gave the company a “neutral” rating in a report on Wednesday, December 3rd. Benchmark reaffirmed a “hold” rating on shares of Marvell Technology in a research note on Tuesday. Hsbc Global Res upgraded shares of Marvell Technology to a “hold” rating in a research report on Monday, November 24th. Finally, Summit Insights upgraded shares of Marvell Technology from a “hold” rating to a “buy” rating in a research report on Wednesday, December 3rd.

Insider Activity at Marvell Technology

In related news, COO Chris Koopmans purchased 6,800 shares of the company’s stock in a transaction that occurred on Thursday, September 25th. The shares were purchased at an average price of $78.03 per share, with a total value of $530,604.00. Following the purchase, the chief operating officer owned 104,825 shares of the company’s stock, valued at $8,179,494.75. This trade represents a 6.94% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Sandeep Bharathi acquired 3,400 shares of Marvell Technology stock in a transaction on Thursday, September 25th. The shares were purchased at an average cost of $78.03 per share, with a total value of $265,302.00. Following the completion of the purchase, the insider directly owned 73,392 shares of the company’s stock, valued at approximately $5,726,777.76. This represents a 4.86% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders acquired 27,200 shares of company stock valued at $2,109,632 over the last ninety days. Company insiders own 0.33% of the company’s stock.

Institutional Investors Weigh In On Marvell Technology

Hedge funds have recently bought and sold shares of the business. Taylor Frigon Capital Management LLC grew its stake in shares of Marvell Technology by 16.5% in the 2nd quarter. Taylor Frigon Capital Management LLC now owns 33,605 shares of the semiconductor company’s stock valued at $2,601,000 after buying an additional 4,748 shares in the last quarter. Waterfront Wealth Inc. lifted its stake in Marvell Technology by 21.5% in the second quarter. Waterfront Wealth Inc. now owns 18,394 shares of the semiconductor company’s stock valued at $1,424,000 after acquiring an additional 3,258 shares during the last quarter. BOCHK Asset Management Ltd bought a new stake in Marvell Technology in the second quarter worth approximately $1,486,000. Westbourne Investments Inc. grew its position in Marvell Technology by 442.4% in the second quarter. Westbourne Investments Inc. now owns 21,695 shares of the semiconductor company’s stock worth $1,679,000 after acquiring an additional 17,695 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Marvell Technology during the 2nd quarter worth $716,713,000. 83.51% of the stock is owned by hedge funds and other institutional investors.

Marvell Technology Stock Performance

Shares of MRVL opened at $87.68 on Friday. The firm has a market capitalization of $74.36 billion, a PE ratio of 30.76, a P/E/G ratio of 0.82 and a beta of 1.93. The company has a quick ratio of 1.64, a current ratio of 2.01 and a debt-to-equity ratio of 0.28. The firm has a 50-day moving average price of $87.66 and a 200 day moving average price of $79.38. Marvell Technology has a 52-week low of $47.08 and a 52-week high of $127.48.

Marvell Technology (NASDAQ:MRVL) last issued its quarterly earnings results on Tuesday, December 2nd. The semiconductor company reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.02. Marvell Technology had a net margin of 31.75% and a return on equity of 13.15%. The company had revenue of $2.07 billion during the quarter, compared to analyst estimates of $2.06 billion. During the same period in the prior year, the business posted $0.43 EPS. The business’s revenue for the quarter was up 36.8% compared to the same quarter last year. Marvell Technology has set its Q4 2026 guidance at 0.740-0.840 EPS. On average, sell-side analysts anticipate that Marvell Technology will post 0.91 earnings per share for the current fiscal year.

Marvell Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 29th. Investors of record on Friday, January 9th will be issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Friday, January 9th. Marvell Technology’s dividend payout ratio (DPR) is presently 8.42%.

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

Marvell Technology Company Profile

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.