Zacks Research Has Positive Outlook for MRVL Q2 Earnings

Marvell Technology, Inc. (NASDAQ:MRVL) – Stock analysts at Zacks Research boosted their Q2 2028 earnings estimates for shares of Marvell Technology in a report issued on Wednesday, November 4th. Zacks Research analyst Team now anticipates that the semiconductor company will post earnings per share of $1.18 for the quarter, up from their prior forecast of $1.17. The consensus estimate for Marvell Technology’s current full-year earnings is $3.05 per share. Zacks Research also issued estimates for Marvell Technology’s Q3 2028 earnings at $1.45 EPS, Q4 2028 earnings at $1.82 EPS, Q2 2029 earnings at $1.89 EPS and Q3 2029 earnings at $2.20 EPS.

A number of other research analysts have also recently issued reports on MRVL. Wells Fargo & Company cut their target price on shares of Marvell Technology from $365.00 to $285.00 and set an “overweight” rating for the company in a research note on Tuesday. Stifel Nicolaus increased their price target on Marvell Technology from $350.00 to $370.00 and gave the stock a “buy” rating in a research report on Wednesday, October 7th. UBS Group reaffirmed a “buy” rating on shares of Marvell Technology in a report on Tuesday. Wolfe Research lifted their price objective on Marvell Technology from $280.00 to $375.00 and gave the company an “outperform” rating in a research report on Wednesday, October 7th. Finally, William Blair reiterated an “outperform” rating on shares of Marvell Technology in a research report on Monday. Three research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $300.85.

Marvell Technology Price Performance

Shares of Marvell Technology stock opened at $159.80 on Thursday. The stock has a market capitalization of $140.13 billion, a price-to-earnings ratio of 52.74, a P/E/G ratio of 5.12 and a beta of 2.32. The firm’s 50-day moving average price is $238.54 and its two-hundred day moving average price is $183.66. The company has a current ratio of 3.17, a quick ratio of 2.62 and a debt-to-equity ratio of 0.27. Marvell Technology has a 1-year low of $70.68 and a 1-year high of $329.88.

Marvell Technology (NASDAQ:MRVL) last announced its quarterly earnings results on Thursday, August 27th. The semiconductor company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.01. The firm had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.72 billion. Marvell Technology had a net margin of 27.93% and a return on equity of 13.57%. The firm’s quarterly revenue was up 36.5% on a year-over-year basis. During the same period last year, the firm posted $0.67 EPS. Marvell Technology has set its Q3 2027 guidance at 1.050-1.150 EPS.

Institutional Investors Weigh In On Marvell Technology

Institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. boosted its stake in shares of Marvell Technology by 34.1% in the 2nd 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 during the last quarter. State Street Corp grew 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 worth $12,462,011,000 after buying an additional 18,495,866 shares during the period. Bank of America Corp DE acquired a new stake in shares of Marvell Technology during the 2nd quarter worth approximately $2,607,795,000. Bank of New York Mellon Corp raised its stake in shares of Marvell Technology by 153.3% during the second 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. Finally, Legal & General Group Plc bought a new stake in shares of Marvell Technology during the second quarter worth approximately $1,742,526,000. Institutional investors own 83.51% of the company’s stock.

Insider Activity at Marvell Technology

In other Marvell Technology news, CAO Justin Scarpulla sold 1,100 shares of the company’s stock in a transaction on Thursday, October 8th. The stock was sold at an average price of $273.59, for a total transaction of $300,949.00. Following the transaction, the chief accounting officer owned 909 shares of the company’s stock, valued at approximately $248,693.31. This represents a 54.75% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Sandeep Bharathi sold 3,685 shares of the stock in a transaction on Friday, October 16th. The shares were sold at an average price of $234.97, for a total value of $865,864.45. Following the completion of the transaction, the insider owned 58,748 shares in the company, valued at $13,804,017.56. The trade was a 5.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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. In the last ninety days, insiders sold 57,285 shares of company stock worth $12,901,763. 0.12% of the stock is currently owned by company insiders.

Marvell Technology Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 29th. Stockholders of record on Friday, October 9th were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend was Friday, October 9th. Marvell Technology’s dividend payout ratio is 7.92%.

Key Stories Impacting Marvell Technology

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

• Positive Sentiment: Marvell’s proposed all-stock acquisition of Lumentum would combine Marvell’s custom chips and networking products with Lumentum’s optical technology for AI data centers. Supporters see the combination as a way to strengthen Marvell’s position in optical networking and capture AI infrastructure growth; the company has cited potential annual cost savings exceeding $1 billion and first-year adjusted EPS accretion after closing. Article: Marvell’s Deal to Acquire Lumentum Could Be a Game Changer
• Positive Sentiment: Some analysts remain constructive, viewing the acquisition as strategically beneficial for Marvell’s optical-networking opportunity, while other firms continue to rate the stock Buy despite reducing their targets. Article: Marvell’s Lumentum Acquisition Strengthens Optical Networking Outlook
• Neutral Sentiment: Marvell’s recent quarterly results showed revenue growth and a small earnings beat, but those results have not offset investors’ current focus on the acquisition and broader semiconductor-sector pressures.
• Negative Sentiment: The proposed $115 billion Lumentum transaction is all-stock, raising concerns about dilution, deal valuation, regulatory approval, potential customer conflicts and integration risks. The decline in Marvell’s shares also reduces the value of the stock-based offer, adding uncertainty for both companies’ investors. Article: Marvell Technology Could Plunge on Latest Multibillion-Dollar Acquisition
• Negative Sentiment: Analyst reactions have been mixed, with Bank of America and TD Cowen downgrading the stock and cutting their price targets substantially, citing deal-related headwinds. A broader selloff in AI and data-center stocks has added pressure. Article: BofA Slashes Marvell Target After Lumentum Deal

About Marvell Technology

Marvell Technology, Inc (NASDAQ: MRVL) is a semiconductor company that develops infrastructure solutions for data centers, telecommunications networks, enterprise systems, automotive applications and other connected markets. Its products are designed to support the movement, processing, storage and security of data across complex computing and communications environments.

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