B. Riley Financial Issues Positive Forecast for Marvell Technology (NASDAQ:MRVL) Stock Price

Marvell Technology (NASDAQ:MRVLFree Report) had its price objective hoisted by B. Riley Financial from $135.00 to $156.00 in a report released on Monday,Benzinga reports. The firm currently has a buy rating on the semiconductor company’s stock.

A number of other analysts also recently weighed in on the company. Stifel Nicolaus increased their price target on Marvell Technology from $114.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, March 6th. Wall Street Zen downgraded Marvell Technology from a “buy” rating to a “hold” rating in a report on Sunday, March 15th. Zacks Research upgraded Marvell Technology from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 31st. Royal Bank Of Canada increased their price target on Marvell Technology from $105.00 to $115.00 and gave the stock an “outperform” rating in a report on Monday, March 2nd. Finally, Citigroup increased their price target on Marvell Technology from $113.00 to $118.00 and gave the stock a “buy” rating in a report on Friday, March 6th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Marvell Technology presently has a consensus rating of “Moderate Buy” and a consensus price target of $119.85.

Check Out Our Latest Report on MRVL

Marvell Technology Stock Performance

NASDAQ MRVL opened at $131.18 on Monday. The company has a market capitalization of $114.71 billion, a price-to-earnings ratio of 42.59, a PEG ratio of 1.17 and a beta of 1.83. Marvell Technology has a twelve month low of $48.09 and a twelve month high of $133.20. The stock has a fifty day simple moving average of $89.91 and a 200 day simple moving average of $87.52. The company has a quick ratio of 1.58, a current ratio of 2.01 and a debt-to-equity ratio of 0.28.

Marvell Technology (NASDAQ:MRVLGet Free Report) last issued its quarterly earnings results on Thursday, March 5th. The semiconductor company reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.01. Marvell Technology had a return on equity of 14.22% and a net margin of 32.58%.The firm had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.21 billion. During the same period last year, the business posted $0.60 EPS. The business’s revenue was up 22.1% compared to the same quarter last year. Marvell Technology has set its Q1 2027 guidance at 0.740-0.840 EPS. Sell-side analysts expect that Marvell Technology will post 0.91 EPS for the current year.

Marvell Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Friday, April 10th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Friday, April 10th. Marvell Technology’s dividend payout ratio is 7.79%.

Insider Activity at Marvell Technology

In other news, COO Chris Koopmans sold 10,000 shares of the stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $110.24, for a total transaction of $1,102,400.00. Following the transaction, the chief operating officer owned 133,870 shares of the company’s stock, valued at $14,757,828.80. This represents a 6.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mark Casper sold 10,854 shares of the stock in a transaction dated Thursday, April 2nd. The stock was sold at an average price of $107.01, for a total transaction of $1,161,486.54. Following the transaction, the executive vice president directly owned 4,023 shares in the company, valued at $430,501.23. This trade represents a 72.96% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 109,168 shares of company stock worth $11,139,940 over the last quarter. Company insiders own 0.19% of the company’s stock.

Hedge Funds Weigh In On Marvell Technology

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Trifecta Capital Advisors LLC boosted its position in shares of Marvell Technology by 8.8% during the 3rd quarter. Trifecta Capital Advisors LLC now owns 1,430 shares of the semiconductor company’s stock worth $120,000 after purchasing an additional 116 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Marvell Technology by 1.7% during the 3rd quarter. GAMMA Investing LLC now owns 7,306 shares of the semiconductor company’s stock worth $614,000 after purchasing an additional 122 shares in the last quarter. FSM Wealth Advisors LLC boosted its position in shares of Marvell Technology by 4.4% during the 3rd quarter. FSM Wealth Advisors LLC now owns 2,939 shares of the semiconductor company’s stock worth $247,000 after purchasing an additional 123 shares in the last quarter. Keel Point LLC lifted its position in Marvell Technology by 2.2% in the 4th quarter. Keel Point LLC now owns 5,649 shares of the semiconductor company’s stock valued at $480,000 after acquiring an additional 124 shares in the last quarter. Finally, Faithward Advisors LLC lifted its position in Marvell Technology by 2.1% in the 3rd quarter. Faithward Advisors LLC now owns 6,242 shares of the semiconductor company’s stock valued at $525,000 after acquiring an additional 126 shares in the last quarter. Institutional investors own 83.51% of the company’s stock.

Marvell Technology News Summary

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

Marvell Technology Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Marvell Technology (NASDAQ:MRVL)

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