Marvell Technology (NASDAQ:MRVL) Upgraded by Melius to Buy Rating

Melius upgraded shares of Marvell Technology (NASDAQ:MRVL) from a hold rating to a buy rating in a report issued on Monday morning, MarketBeat reports. The brokerage currently has $135.00 target price on the semiconductor company’s stock.

Several other equities research analysts also recently issued reports on MRVL. Craig Hallum reiterated a “buy” rating and issued a $141.00 target price on shares of Marvell Technology in a research note on Wednesday, December 3rd. The Goldman Sachs Group upped their price objective on Marvell Technology from $80.00 to $90.00 and gave the company a “neutral” rating in a research note on Wednesday, December 3rd. Cowen reiterated a “hold” rating on shares of Marvell Technology in a research note on Wednesday, December 3rd. Zacks Research raised Marvell Technology from a “hold” rating to a “strong-buy” rating in a report on Friday, December 5th. Finally, Cantor Fitzgerald set a $100.00 price target on Marvell Technology in a report on Tuesday, December 16th. Four investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $115.25.

Marvell Technology Trading Up 0.9%

Shares of Marvell Technology stock opened at $90.23 on Monday. Marvell Technology has a 12-month low of $47.08 and a 12-month high of $127.48. The stock has a market cap of $76.52 billion, a P/E ratio of 31.66, a P/E/G ratio of 0.87 and a beta of 1.95. The company has a quick ratio of 1.64, a current ratio of 2.01 and a debt-to-equity ratio of 0.28. The business’s 50 day moving average is $87.85 and its 200-day moving average is $80.42.

Marvell Technology (NASDAQ:MRVL) last released its earnings results on Tuesday, December 2nd. The semiconductor company reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.02. Marvell Technology had a net margin of 31.75% and a return on equity of 13.15%. The business had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $2.06 billion. During the same period last year, the business earned $0.43 earnings per share. The firm’s revenue was up 36.8% on a year-over-year basis. Marvell Technology has set its Q4 2026 guidance at 0.740-0.840 EPS. Equities research analysts predict that Marvell Technology will post 0.91 earnings per share for the current fiscal year.

Marvell Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 29th. Shareholders of record on Friday, January 9th will be given a dividend of $0.06 per share. The ex-dividend date is Friday, January 9th. This represents a $0.24 annualized dividend and a yield of 0.3%. Marvell Technology’s dividend payout ratio (DPR) is presently 8.42%.

Marvell Technology announced that its board has authorized a share buyback program on Wednesday, September 24th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the semiconductor company to reacquire up to 7.8% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board believes its shares are undervalued.

Insider Activity

In related news, EVP Mark Casper sold 1,253 shares of the company’s stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $101.00, for a total value of $126,553.00. Following the transaction, the executive vice president directly owned 9,023 shares in the company, valued at approximately $911,323. This represents a 12.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.33% of the company’s stock.

Institutional Trading of Marvell Technology

A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its position in shares of Marvell Technology by 23.5% in the third quarter. Vanguard Group Inc. now owns 79,610,208 shares of the semiconductor company’s stock valued at $6,692,830,000 after buying an additional 15,166,976 shares in the last quarter. State Street Corp increased its stake in Marvell Technology by 2.8% during the 3rd quarter. State Street Corp now owns 21,157,092 shares of the semiconductor company’s stock worth $1,778,677,000 after acquiring an additional 583,832 shares during the period. Brown Advisory Inc. raised its holdings in Marvell Technology by 8.0% in the 2nd quarter. Brown Advisory Inc. now owns 20,840,336 shares of the semiconductor company’s stock valued at $1,613,044,000 after acquiring an additional 1,539,809 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of Marvell Technology by 59.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 16,624,827 shares of the semiconductor company’s stock valued at $1,397,751,000 after acquiring an additional 6,217,952 shares during the period. Finally, Franklin Resources Inc. grew its holdings in shares of Marvell Technology by 47.0% during the 3rd quarter. Franklin Resources Inc. now owns 11,903,051 shares of the semiconductor company’s stock worth $1,000,689,000 after purchasing an additional 3,805,431 shares in the last quarter. Institutional investors own 83.51% of the company’s stock.

Key Headlines Impacting Marvell Technology

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

• Positive Sentiment: Melius Research upgraded MRVL from Hold to Buy and raised its price target to $135, arguing accelerating custom‑silicon demand supports a much higher valuation — this upgrade is driving optimistic investor sentiment. Read More.
• Positive Sentiment: Seeking Alpha highlights Marvell (and Astera Labs) as “quiet winners” from surging memory prices, noting Marvell’s product mix and customer exposure should benefit gross margins and revenue. Read More.
• Positive Sentiment: Another Seeking Alpha piece frames MRVL as an AI “data‑path” trade—positioning the company to capture demand beyond GPUs (NICs, DPUs, custom silicon), reinforcing the growth narrative for data‑center content per server. Read More.
• Positive Sentiment: Zacks’ analyst blog and press mentions are framing MRVL as a beaten‑down AI/data‑center pick after recent upgrades and estimate revisions, adding to momentum among growth‑oriented investors. Read More.
• Neutral Sentiment: Zacks also notes Marvell trades at a ~7.7x P/S multiple (a premium), flagging valuation as a counterpoint even as revenue and AI tailwinds justify upside — investors should weigh growth vs. premium valuation. Read More.

About Marvell Technology

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.