Marvell Technology (NASDAQ:MRVL) Raised to “Buy” at Wall Street Zen

Marvell Technology (NASDAQ:MRVL) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Saturday.

MRVL has been the subject of several other reports. China Renaissance started coverage on Marvell Technology in a report on Thursday, June 5th. They issued a “buy” rating and a $110.00 price target for the company. Deutsche Bank Aktiengesellschaft lowered their price target on Marvell Technology from $100.00 to $85.00 and set a “buy” rating for the company in a report on Friday, May 30th. B. Riley reiterated a “buy” rating and set a $115.00 price objective (up from $110.00) on shares of Marvell Technology in a report on Wednesday, June 18th. The Goldman Sachs Group initiated coverage on Marvell Technology in a report on Thursday, July 10th. They set a “neutral” rating and a $75.00 price objective for the company. Finally, Needham & Company LLC decreased their price objective on Marvell Technology from $85.00 to $80.00 and set a “buy” rating for the company in a report on Friday, August 29th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $90.50.

Marvell Technology Trading Up 1.1%

NASDAQ:MRVL opened at $67.35 on Friday. Marvell Technology has a 1-year low of $47.08 and a 1-year high of $127.48. The business’s 50-day moving average price is $72.57 and its two-hundred day moving average price is $68.05. The company has a current ratio of 1.88, a quick ratio of 1.44 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $58.06 billion, a price-to-earnings ratio of -518.08, a PEG ratio of 0.80 and a beta of 1.85.

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

Insider Buying and Selling at Marvell Technology

In other Marvell Technology news, CAO Panteha Dixon sold 1,283 shares of the firm’s stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $68.50, for a total value of $87,885.50. Following the completion of the transaction, the chief accounting officer directly owned 29,572 shares in the company, valued at $2,025,682. This trade represents a 4.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Willem A. Meintjes sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $68.52, for a total value of $102,780.00. Following the completion of the transaction, the chief financial officer owned 121,348 shares of the company’s stock, valued at approximately $8,314,764.96. This represents a 1.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,783 shares of company stock worth $407,716 over the last ninety days. 0.19% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of MRVL. Hughes Financial Services LLC bought a new position in Marvell Technology in the first quarter valued at approximately $26,000. Rossby Financial LCC bought a new position in shares of Marvell Technology during the 1st quarter worth approximately $27,000. Financial Connections Group Inc. boosted its stake in shares of Marvell Technology by 776.0% during the 1st quarter. Financial Connections Group Inc. now owns 438 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 388 shares during the period. Game Plan Financial Advisors LLC bought a new position in shares of Marvell Technology during the 2nd quarter worth approximately $27,000. Finally, Vision Financial Markets LLC bought a new position in shares of Marvell Technology during the 1st quarter worth approximately $28,000. 83.51% of the stock is currently owned by institutional investors.

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.