Marvell Technology, Inc. (NASDAQ:MRVL) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Marvell Technology, Inc. (NASDAQ:MRVL) has been given a consensus rating of “Moderate Buy” by the thirty-five research firms that are covering the firm, MarketBeat reports. Twelve research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $91.6667.

MRVL has been the subject of a number of analyst reports. The Goldman Sachs Group assumed coverage on shares of Marvell Technology in a research note on Thursday, July 10th. They set a “neutral” rating and a $75.00 price objective for the company. Wall Street Zen raised Marvell Technology from a “hold” rating to a “buy” rating in a research report on Saturday, September 13th. Needham & Company LLC raised their target price on shares of Marvell Technology from $80.00 to $95.00 and gave the stock a “buy” rating in a report on Thursday, September 25th. Barclays restated an “overweight” rating and set a $80.00 price target on shares of Marvell Technology in a research note on Friday, August 29th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Marvell Technology from $80.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, September 25th.

Marvell Technology Stock Up 3.1%

MRVL stock opened at $88.92 on Tuesday. The business has a 50 day moving average of $74.53 and a 200 day moving average of $68.26. The firm has a market cap of $76.66 billion, a PE ratio of -684.00, a price-to-earnings-growth ratio of 1.06 and a beta of 1.94. Marvell Technology has a twelve month low of $47.08 and a twelve month high of $127.48. The company has a quick ratio of 1.44, a current ratio of 1.88 and a debt-to-equity ratio of 0.30.

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

Marvell Technology Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 30th. Investors of record on Friday, October 10th will be paid 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 (DPR) is -184.62%.

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

Insider Buying and Selling at Marvell Technology

In other Marvell Technology news, insider Sandeep Bharathi bought 3,400 shares of Marvell Technology stock in a transaction dated Thursday, September 25th. The shares were purchased at an average cost of $78.03 per share, for a total transaction of $265,302.00. Following the acquisition, the insider directly owned 73,392 shares in the company, valued at approximately $5,726,777.76. This represents a 4.86% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Mark Casper sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, July 18th. The shares were sold at an average price of $72.35, for a total value of $217,050.00. Following the transaction, the executive vice president directly owned 17,163 shares in the company, valued at approximately $1,241,743.05. This represents a 14.88% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have purchased 27,200 shares of company stock worth $2,109,632. Insiders own 0.33% of the company’s stock.

Hedge Funds Weigh In On Marvell Technology

A number of large investors have recently bought and sold shares of the business. Game Plan Financial Advisors LLC purchased a new stake in shares of Marvell Technology during the second quarter valued at about $27,000. Kiker Wealth Management LLC increased its position in shares of Marvell Technology by 374.7% in the 2nd quarter. Kiker Wealth Management LLC now owns 356 shares of the semiconductor company’s stock valued at $28,000 after acquiring an additional 281 shares during the period. N.E.W. Advisory Services LLC purchased a new position in shares of Marvell Technology in the second quarter worth about $32,000. Hughes Financial Services LLC acquired a new stake in Marvell Technology during the 1st quarter valued at approximately $26,000. Finally, Westside Investment Management Inc. boosted its holdings in 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. Institutional investors own 83.51% of the company’s stock.

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.