Marvell Technology (NASDAQ:MRVL) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Marvell Technology (NASDAQ:MRVL) had its price objective raised by equities research analysts at JPMorgan Chase & Co. from $305.00 to $360.00 in a report released on Wednesday, Benzinga reports. The brokerage currently has an “overweight” rating on the semiconductor company’s stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 28.25% from the company’s previous close.

Several other research analysts also recently issued reports on the stock. Evercore reiterated an “outperform” rating and set a $433.00 price target on shares of Marvell Technology in a report on Tuesday. Erste Group Bank cut shares of Marvell Technology from a “buy” rating to a “hold” rating in a report on Wednesday, July 15th. Wolfe Research lifted their price target on Marvell Technology from $280.00 to $375.00 and gave the company an “outperform” rating in a research note on Wednesday. Wells Fargo & Company increased their price objective on Marvell Technology from $310.00 to $365.00 and gave the stock an “overweight” rating in a research note on Wednesday. Finally, Bank of America upped their price target on Marvell Technology from $240.00 to $365.00 and gave the stock a “buy” rating in a report on Tuesday, June 23rd. Two investment analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $320.82.

Marvell Technology Stock Performance

Shares of MRVL traded down $6.30 during trading hours on Wednesday, hitting $280.71. The company had a trading volume of 14,560,039 shares, compared to its average volume of 27,660,721. The business has a fifty day moving average of $231.21 and a 200-day moving average of $207.54. The company has a quick ratio of 2.62, a current ratio of 3.17 and a debt-to-equity ratio of 0.27. The firm has a market cap of $246.15 billion, a price-to-earnings ratio of 92.73, a PEG ratio of 2.62 and a beta of 2.26. Marvell Technology has a 12 month low of $70.68 and a 12 month high of $329.88.

Marvell Technology (NASDAQ:MRVL) last released its quarterly earnings results on Thursday, August 27th. The semiconductor company reported $0.94 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $2.72 billion. During the same period in the previous year, the business earned $0.67 earnings per share. The firm’s quarterly revenue was up 36.5% on a year-over-year basis. Marvell Technology has set its Q3 2027 guidance at 1.050-1.150 EPS. Equities analysts anticipate that Marvell Technology will post 3.05 EPS for the current fiscal year.

Insider Activity

In other Marvell Technology news, CEO Matthew J. Murphy sold 7,500 shares of the stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $223.39, for a total transaction of $1,675,425.00. Following the sale, the chief executive officer owned 775,686 shares in the company, valued at $173,280,495.54. This represents a 0.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, 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 Marvell Technology stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $262.05, for a total value of $2,620,500.00. Following the completion of the transaction, the chief operating officer owned 207,941 shares of the company’s stock, valued at approximately $54,490,939.05. This trade represents a 4.59% decrease in their ownership of the stock. 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 have sold 45,000 shares of company stock worth $9,904,225. Insiders own 0.12% of the company’s stock.

Institutional Investors Weigh In On Marvell Technology

A number of institutional investors and hedge funds have recently modified their holdings of MRVL. BlackRock Inc. raised its position 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 increased its position in shares of Marvell Technology by 79.3% during 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 last quarter. Bank of America Corp DE bought a new position in shares of Marvell Technology during the 2nd quarter valued at about $2,607,795,000. Legal & General Group Plc purchased a new position in shares of Marvell Technology during the 2nd quarter valued at about $1,742,526,000. Finally, Bank of New York Mellon Corp lifted its position in 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 during the last quarter. 83.51% of the stock is owned by hedge funds and other institutional investors.

More Marvell Technology News

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

• Positive Sentiment: Marvell raised its FY2028 revenue target to approximately $20 billion, above its previous $18 billion forecast and analyst expectations of roughly $18.2 billion. Management also projected FY2031 revenue of $70 billion to $90 billion, driven by custom AI chips, networking products and accelerating data-center demand. Marvell Technology’s $90 Billion Revenue Goal Puts AI Execution Under a Microscope
• Positive Sentiment: Analysts responded favorably, with RBC raising its price target to $425, Needham to $400 and Susquehanna to $340. The upgrades reflect expectations that hyperscalers will increasingly use customized, power-efficient silicon to support AI infrastructure. Why Marvell Stock Jumped and Why Analysts Raised Their Price Targets
• Neutral Sentiment: The bullish forecasts depend on exceptionally strong execution: reaching the FY2031 midpoint would require roughly 54% annual revenue growth for several years. Marvell is also heavily exposed to data-center customers and hyperscaler capital-spending cycles, increasing sensitivity to project delays or changes in server architecture.
• Negative Sentiment: After gaining more than 200% this year and rallying on the Investor Day announcement, the stock’s decline likely reflects profit-taking and concerns that a premium valuation—near 94 times forward earnings—already discounts much of the AI opportunity. Higher Treasury yields and broader market weakness are adding pressure. Recent insider activity has also consisted primarily of sales, reinforcing caution at elevated prices. Good Reason to Avoid, Warns Top Investor About Marvell Stock

Marvell Technology Company Profile

Marvell Technology, Inc (NASDAQ: MRVL) is a fabless semiconductor company that develops technologies for data infrastructure. Its products are used to move, process, store and secure data across cloud data centers, enterprise networks, telecommunications systems, automotive platforms and other communications applications.

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