Marvell Technology (NASDAQ:MRVL) Given New $118.00 Price Target at Needham & Company LLC

Marvell Technology (NASDAQ:MRVL) had its price objective trimmed by Needham & Company LLC from $120.00 to $118.00 in a research note issued to investors on Tuesday morning,Benzinga reports. The brokerage currently has a buy rating on the semiconductor company’s stock.

A number of other equities analysts have also weighed in on the stock. Oppenheimer reiterated an “outperform” rating and issued a $150.00 price objective (up from $115.00) on shares of Marvell Technology in a research report on Wednesday, December 3rd. Morgan Stanley set a $112.00 target price on shares of Marvell Technology in a report on Wednesday, December 3rd. The Goldman Sachs Group increased their price target on shares of Marvell Technology from $80.00 to $90.00 and gave the stock a “neutral” rating in a report on Wednesday, December 3rd. Stifel Nicolaus lifted their price objective on Marvell Technology from $95.00 to $114.00 and gave the company a “buy” rating in a report on Wednesday, December 3rd. Finally, Summit Insights upgraded Marvell Technology from a “hold” rating to a “buy” rating in a research report on Wednesday, December 3rd. Three investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat.com, Marvell Technology currently has a consensus rating of “Moderate Buy” and an average target price of $115.31.

Marvell Technology Stock Performance

NASDAQ MRVL opened at $75.54 on Tuesday. The firm has a market cap of $64.07 billion, a P/E ratio of 26.51, a P/E/G ratio of 0.58 and a beta of 1.97. Marvell Technology has a 52-week low of $47.08 and a 52-week high of $121.81. The business’s 50-day moving average price is $85.65 and its 200 day moving average price is $81.56. The company has a quick ratio of 1.64, a current ratio of 2.01 and a debt-to-equity ratio of 0.28.

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

Marvell Technology Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 29th. Investors of record on Friday, January 9th were issued a $0.06 dividend. The ex-dividend date was Friday, January 9th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.3%. Marvell Technology’s dividend payout ratio is currently 8.42%.

Insiders Place Their Bets

In related news, EVP Mark Casper sold 5,000 shares of Marvell Technology stock in a transaction on Monday, January 5th. The stock was sold at an average price of $93.08, for a total transaction of $465,400.00. Following the completion of the transaction, the executive vice president directly owned 19,418 shares of the company’s stock, valued at approximately $1,807,427.44. The trade was a 20.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 0.33% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Intech Investment Management LLC raised its position in Marvell Technology by 3.9% during the first quarter. Intech Investment Management LLC now owns 28,784 shares of the semiconductor company’s stock worth $1,772,000 after acquiring an additional 1,085 shares during the last quarter. Hilltop National Bank purchased a new position in shares of Marvell Technology during the 2nd quarter worth approximately $48,000. Wealthcare Advisory Partners LLC raised its position in shares of Marvell Technology by 95.0% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 10,368 shares of the semiconductor company’s stock worth $802,000 after purchasing an additional 5,051 shares during the last quarter. Simplicity Wealth LLC purchased a new stake in Marvell Technology in the 2nd quarter valued at approximately $425,000. Finally, Marks Group Wealth Management Inc acquired a new stake in Marvell Technology during the 2nd quarter valued at $201,000. Hedge funds and other 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: Marvell completed the acquisition of Celestial AI, gaining Photonic Fabric optical‑interconnect technology that management and some analysts say can enable long‑term revenue and AI/scale-up connectivity growth. Marvell Completes Acquisition of Celestial AI
• Neutral Sentiment: Analysts such as Needham/Quinn Bolton maintained Buy ratings while lowering price targets, calling the Celestial deal strategically accretive long‑term but noting potential near‑term EPS pressure from the transaction. This is supportive of the story but tempers near‑term expectations. Marvell Technology: Celestial AI Acquisition Unlocks Long-Term Photonics-Driven Growth Despite Near-Term EPS Pressure
• Neutral Sentiment: Note: a separate press item refers to Marvel Biosciences (TSXV: MRVL), which is a different company and unrelated to Marvell Technology; that patent news is noise for MRVL investors. Marvel Biosciences Receives Japanese Patent
• Negative Sentiment: Multiple analysts trimmed price targets (Citigroup, Rosenblatt, Needham and others); even with many ratings remaining Buy, lower targets and some Hold reiterations put downward pressure on the stock and contributed to intraday selling. Marvell Technology Stock Slips As Analysts Cut Price Targets
• Negative Sentiment: Market commentary and data outlets note the share decline and elevated volume, and warn institutional holders may act after recent drops — signaling potential further near‑term selling pressure. Marvell Technology (MRVL) Declines More Than Market

Marvell Technology Company Profile

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.