Marvell Technology (NASDAQ:MRVL) Given New $90.00 Price Target at Deutsche Bank Aktiengesellschaft

Marvell Technology (NASDAQ:MRVL) had its target price upped by Deutsche Bank Aktiengesellschaft from $80.00 to $90.00 in a research note released on Thursday morning,Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the semiconductor company’s stock.

Other equities analysts also recently issued research reports about the stock. Cantor Fitzgerald reissued a “neutral” rating and set a $75.00 target price on shares of Marvell Technology in a research note on Friday, August 29th. UBS Group lowered their target price on shares of Marvell Technology from $110.00 to $95.00 and set a “buy” rating for the company in a research note on Friday, August 29th. Loop Capital lowered their target price on shares of Marvell Technology from $110.00 to $90.00 and set a “buy” rating for the company in a research note on Friday, May 30th. The Goldman Sachs Group began coverage on shares of Marvell Technology in a research note on Thursday, July 10th. They set a “neutral” rating and a $75.00 target price for the company. Finally, Morgan Stanley reduced their price target on shares of Marvell Technology from $80.00 to $76.00 and set an “equal weight” rating for the company in a report on Friday, August 29th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $91.17.

Marvell Technology Price Performance

MRVL stock opened at $83.81 on Thursday. Marvell Technology has a 52-week low of $47.08 and a 52-week high of $127.48. The company has a fifty day moving average price of $72.97 and a 200-day moving average price of $67.52. The company has a market capitalization of $72.25 billion, a P/E ratio of -644.69, a PEG ratio of 0.97 and a beta of 1.85. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.44 and a current ratio of 1.88.

Marvell Technology (NASDAQ:MRVL) last announced its earnings results on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.67. Marvell Technology had a negative net margin of 1.43% and a positive return on equity of 11.01%. The business had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter last year, the firm earned $0.30 earnings per share. Marvell Technology’s quarterly 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 expect that Marvell Technology will post 0.91 EPS for the current year.

Marvell Technology Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 30th. Stockholders of record on Friday, October 10th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, October 10th. This represents a $0.24 annualized dividend and a dividend yield of 0.3%. Marvell Technology’s payout ratio is presently -184.62%.

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

Insider Activity at Marvell Technology

In other news, EVP Mark Casper sold 3,000 shares of the business’s stock in a transaction dated Friday, July 18th. The shares were sold at an average price of $72.35, for a total transaction of $217,050.00. Following the completion of the sale, the executive vice president directly owned 17,163 shares of the company’s stock, valued at $1,241,743.05. The trade was a 14.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Chris Koopmans bought 6,800 shares of the firm’s stock in a transaction dated Thursday, September 25th. The shares were acquired at an average cost of $78.03 per share, with a total value of $530,604.00. Following the completion of the transaction, the chief operating officer owned 104,825 shares of the company’s stock, valued at $8,179,494.75. This represents a 6.94% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased a total of 27,200 shares of company stock valued at $2,109,632 over the last quarter. 0.19% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in Marvell Technology by 1.1% during the second quarter. Vanguard Group Inc. now owns 64,443,232 shares of the semiconductor company’s stock worth $4,987,906,000 after purchasing an additional 673,110 shares during the last quarter. Brown Advisory Inc. boosted its holdings in Marvell Technology by 8.0% during the second quarter. Brown Advisory Inc. now owns 20,840,336 shares of the semiconductor company’s stock worth $1,613,044,000 after purchasing an additional 1,539,809 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in Marvell Technology by 32.3% during the first quarter. Goldman Sachs Group Inc. now owns 20,661,308 shares of the semiconductor company’s stock worth $1,272,117,000 after purchasing an additional 5,050,159 shares during the last quarter. State Street Corp boosted its holdings in Marvell Technology by 2.7% during the second quarter. State Street Corp now owns 20,573,260 shares of the semiconductor company’s stock worth $1,592,370,000 after purchasing an additional 533,946 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in Marvell Technology by 16.4% during the second quarter. Ameriprise Financial Inc. now owns 10,406,875 shares of the semiconductor company’s stock worth $805,473,000 after purchasing an additional 1,464,571 shares during the last quarter. 83.51% of the stock is currently owned by hedge funds and other institutional investors.

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.