Marvell Technology (NASDAQ:MRVL) Given Buy Rating at Rosenblatt Securities

Marvell Technology (NASDAQ:MRVL)‘s stock had its “buy” rating reaffirmed by Rosenblatt Securities in a report issued on Friday,Benzinga reports. They currently have a $240.00 target price on the semiconductor company’s stock. Rosenblatt Securities’ price objective points to a potential downside of 16.42% from the company’s current price.

Other analysts have also recently issued reports about the stock. Jefferies Financial Group upped their target price on shares of Marvell Technology from $149.00 to $235.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. Cantor Fitzgerald upped their target price on shares of Marvell Technology from $190.00 to $220.00 and gave the company a “neutral” rating in a research report on Thursday, May 28th. UBS Group upped their target price on shares of Marvell Technology from $195.00 to $230.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. B. Riley Financial upped their target price on shares of Marvell Technology from $240.00 to $345.00 and gave the company a “buy” rating in a research report on Friday. Finally, Zacks Research upgraded shares of Marvell Technology from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 31st. Two analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $224.68.

Marvell Technology Price Performance

MRVL stock traded up $6.42 during mid-day trading on Friday, hitting $287.13. The company had a trading volume of 18,745,897 shares, compared to its average volume of 26,876,508. The company has a market capitalization of $251.18 billion, a price-to-earnings ratio of 98.43, a P/E/G ratio of 1.64 and a beta of 2.29. Marvell Technology has a 12-month low of $61.44 and a 12-month high of $324.20. The company has a quick ratio of 2.66, a current ratio of 3.28 and a debt-to-equity ratio of 0.27. The company has a 50-day moving average price of $179.03 and a 200 day moving average price of $118.22.

Marvell Technology (NASDAQ:MRVL) last announced its quarterly earnings results on Wednesday, May 27th. The semiconductor company reported $0.80 EPS for the quarter, hitting the consensus estimate of $0.80. The business had revenue of $2.42 billion for the quarter, compared to analysts’ expectations of $2.41 billion. Marvell Technology had a net margin of 28.99% and a return on equity of 13.83%. The business’s quarterly revenue was up 27.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.62 EPS. Marvell Technology has set its Q2 2027 guidance at 0.880-0.980 EPS. On average, research analysts anticipate that Marvell Technology will post 3.1 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Willem A. Meintjes sold 4,000 shares of the stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $175.24, for a total value of $700,960.00. Following the sale, the chief financial officer directly owned 226,675 shares of the company’s stock, valued at $39,722,527. This represents a 1.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sandeep Bharathi sold 66,892 shares of the stock in a transaction dated Thursday, April 16th. The stock was sold at an average price of $130.35, for a total transaction of $8,719,372.20. Following the completion of the sale, the insider directly owned 55,199 shares in the company, valued at $7,195,189.65. This trade represents a 54.79% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 255,060 shares of company stock worth $31,959,772 over the last three months. 0.12% of the stock is currently owned by company insiders.

Institutional Trading of Marvell Technology

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Hilton Head Capital Partners LLC raised its position in Marvell Technology by 978.3% in the 1st quarter. Hilton Head Capital Partners LLC now owns 248 shares of the semiconductor company’s stock worth $25,000 after purchasing an additional 225 shares during the period. Jessup Wealth Management Inc purchased a new position in shares of Marvell Technology during the fourth quarter worth approximately $25,000. Laurel Wealth Advisors LLC purchased a new position in shares of Marvell Technology during the fourth quarter worth approximately $25,000. Cherry Tree Wealth Management LLC purchased a new position in shares of Marvell Technology during the fourth quarter worth approximately $26,000. Finally, Pittenger & Anderson Inc. increased its position in shares of Marvell Technology by 61.5% during the first quarter. Pittenger & Anderson Inc. now owns 315 shares of the semiconductor company’s stock worth $31,000 after acquiring an additional 120 shares during the period. 83.51% of the stock is owned by hedge funds and other institutional investors.

Marvell Technology News Summary

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

• Positive Sentiment: B. Riley raised its price target on Marvell Technology to $345 from $240 and reiterated a buy rating, signaling more upside potential from current levels. B. Riley raises Marvell price target
• Positive Sentiment: Erste Group Bank increased its FY2027 and FY2028 earnings estimates for Marvell, reflecting stronger confidence in the company’s long-term AI infrastructure opportunity. Erste Group Bank raises Marvell estimates
• Positive Sentiment: Marvell named Adobe CFO Dan Durn as its new finance chief and said the transition should be seamless, while also reaffirming its second-quarter outlook, reducing uncertainty around management changes. Marvell announces CFO transition
• Positive Sentiment: Marvell’s upcoming addition to the S&P 500 on June 22 continues to attract investor attention, since index funds will need to buy shares and the move validates the company’s market-cap and profitability gains. Marvell to join S&P 500

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.