Marvell Technology’s (MRVL) Hold Rating Reaffirmed at TD Cowen

TD Cowen restated their hold rating on shares of Marvell Technology (NASDAQ:MRVL) in a research note published on Wednesday morning, Marketbeat.com reports. The brokerage currently has a $85.00 price objective on the semiconductor company’s stock, down from their prior price objective of $90.00.

MRVL has been the subject of a number of other reports. Wells Fargo & Company decreased their price target on Marvell Technology from $95.00 to $90.00 and set an “overweight” rating for the company in a research note on Friday, August 29th. JPMorgan Chase & Co. decreased their price target on Marvell Technology from $130.00 to $120.00 and set an “overweight” rating for the company in a research note on Friday, August 29th. Benchmark reaffirmed a “buy” rating and set a $95.00 price target on shares of Marvell Technology in a research note on Friday, August 29th. BNP Paribas raised Marvell Technology to a “strong-buy” rating in a research note on Friday, August 29th. Finally, Zacks Research raised Marvell Technology from a “strong sell” rating to a “hold” rating in a research note on Wednesday, September 24th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $91.67.

Marvell Technology Stock Performance

Shares of MRVL stock opened at $83.89 on Wednesday. Marvell Technology has a 12-month low of $47.08 and a 12-month high of $127.48. The firm has a market capitalization of $72.32 billion, a price-to-earnings ratio of -645.31, a price-to-earnings-growth ratio of 1.03 and a beta of 1.94. The business has a 50 day simple moving average of $73.78 and a 200 day simple moving average of $67.92. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.88 and a quick ratio of 1.44.

Marvell Technology (NASDAQ:MRVL) last issued its quarterly earnings data on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.67. Marvell Technology had a positive return on equity of 11.01% and a negative net margin of 1.43%.The business had revenue of $2.01 billion during the quarter, compared to analyst estimates of $2.01 billion. During the same period in the prior year, the company posted $0.30 EPS. The business’s revenue for the quarter was up 57.6% compared to the same quarter last year. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. On average, equities research analysts anticipate that Marvell Technology will post 0.91 EPS for the current year.

Marvell Technology Dividend Announcement

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

Marvell Technology declared that its board has approved a stock buyback program on Wednesday, September 24th that allows the company to buyback $5.00 billion in outstanding 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 a sign that the company’s board of directors believes its stock is undervalued.

Insider Activity

In other Marvell Technology news, EVP Mark Casper sold 3,000 shares of the stock in a transaction on Friday, July 18th. The shares were sold at an average price of $72.35, for a total transaction of $217,050.00. Following the transaction, the executive vice president directly owned 17,163 shares of the company’s stock, valued at $1,241,743.05. This represents a 14.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Willem A. Meintjes bought 3,400 shares of the stock in a transaction on Thursday, September 25th. The shares were acquired at an average cost of $78.03 per share, for a total transaction of $265,302.00. Following the completion of the transaction, the chief financial officer directly owned 132,159 shares of the company’s stock, valued at approximately $10,312,366.77. The trade was a 2.64% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 27,200 shares of company stock valued at $2,109,632. Corporate insiders own 0.19% of the company’s stock.

Institutional Investors Weigh In On Marvell Technology

Hedge funds and other institutional investors have recently made changes to their positions in the business. Game Plan Financial Advisors LLC acquired a new stake in shares of Marvell Technology in the second quarter valued at about $27,000. Kiker Wealth Management LLC grew its position in shares of Marvell Technology by 374.7% in the second quarter. Kiker Wealth Management LLC now owns 356 shares of the semiconductor company’s stock valued at $28,000 after purchasing an additional 281 shares during the last quarter. N.E.W. Advisory Services LLC acquired a new stake in shares of Marvell Technology in the second quarter valued at about $32,000. Hughes Financial Services LLC acquired a new stake in shares of Marvell Technology in the first quarter valued at about $26,000. Finally, Westside Investment Management Inc. grew its position in shares of Marvell Technology by 62.5% in the second quarter. Westside Investment Management Inc. now owns 416 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 160 shares during the last quarter. 83.51% of the stock is owned by institutional investors and hedge funds.

Marvell Technology Company Profile

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.