Marvell Technology’s (MRVL) Buy Rating Reaffirmed at B. Riley

Marvell Technology (NASDAQ:MRVL)‘s stock had its “buy” rating reissued by equities researchers at B. Riley in a research report issued on Wednesday, MarketBeat Ratings reports. They currently have a $115.00 price target on the semiconductor company’s stock, up from their previous price target of $110.00. B. Riley’s price objective suggests a potential upside of 53.44% from the stock’s previous close. B. Riley also issued estimates for Marvell Technology’s Q3 2026 earnings at $0.56 EPS, Q4 2026 earnings at $0.62 EPS, FY2026 earnings at $2.17 EPS, Q1 2027 earnings at $0.59 EPS, Q2 2027 earnings at $0.66 EPS, Q3 2027 earnings at $0.74 EPS, Q4 2027 earnings at $0.83 EPS and FY2027 earnings at $2.82 EPS.

Other research analysts have also recently issued reports about the stock. China Renaissance began coverage on shares of Marvell Technology in a research report on Thursday, June 5th. They set a “buy” rating and a $110.00 price target on the stock. Redburn Atlantic initiated coverage on Marvell Technology in a research note on Wednesday, May 28th. They set a “neutral” rating and a $67.00 price objective on the stock. Morgan Stanley boosted their price target on Marvell Technology from $70.00 to $73.00 and gave the stock an “equal weight” rating in a research report on Friday, May 30th. Citigroup cut their price objective on shares of Marvell Technology from $122.00 to $96.00 and set a “buy” rating on the stock in a report on Friday, April 11th. Finally, Stifel Nicolaus cut their target price on Marvell Technology from $115.00 to $80.00 and set a “buy” rating on the stock in a research report on Thursday, April 17th. Seven investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $96.33.

Marvell Technology Stock Up 7.1%

Shares of MRVL opened at $74.95 on Wednesday. The firm has a market cap of $64.74 billion, a PE ratio of -131.49, a price-to-earnings-growth ratio of 0.76 and a beta of 1.76. The company’s fifty day moving average is $61.17 and its two-hundred day moving average is $84.80. Marvell Technology has a fifty-two week low of $47.09 and a fifty-two week high of $127.48. The company has a quick ratio of 0.94, a current ratio of 1.30 and a debt-to-equity ratio of 0.22.

Marvell Technology (NASDAQ:MRVL) last issued its earnings results on Thursday, May 29th. The semiconductor company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.01. The firm had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.88 billion. Marvell Technology had a positive return on equity of 8.42% and a negative net margin of 7.56%. The firm’s revenue for the quarter was up 63.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.24 earnings per share. Analysts forecast that Marvell Technology will post 0.91 earnings per share for the current year.

Insider Activity at Marvell Technology

In related news, EVP Mark Casper sold 12,460 shares of the firm’s stock in a transaction that occurred on Wednesday, April 23rd. The shares were sold at an average price of $55.00, for a total transaction of $685,300.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Panteha Dixon sold 1,283 shares of Marvell Technology stock in a transaction on Monday, June 16th. The shares were sold at an average price of $68.50, for a total value of $87,885.50. Following the transaction, the chief accounting officer now owns 29,572 shares in the company, valued at approximately $2,025,682. This trade represents a 4.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 27,394 shares of company stock worth $1,656,076 in the last three months. 0.19% of the stock is owned by company insiders.

Hedge Funds Weigh In On Marvell Technology

Several hedge funds have recently made changes to their positions in MRVL. Centricity Wealth Management LLC acquired a new position in shares of Marvell Technology in the 4th quarter worth approximately $26,000. Hughes Financial Services LLC acquired a new position in shares of Marvell Technology in the 1st quarter worth $26,000. Rialto Wealth Management LLC acquired a new position in shares of Marvell Technology in the 4th quarter worth $27,000. Rossby Financial LCC acquired a new position in shares of Marvell Technology in the 1st quarter worth $27,000. Finally, Financial Connections Group Inc. increased its stake in Marvell Technology by 776.0% in the 1st quarter. Financial Connections Group Inc. now owns 438 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 388 shares in the last quarter. Institutional investors and hedge funds own 83.51% of the company’s stock.

About Marvell Technology

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.