Research Analysts Issue Forecasts for MRVL FY2027 Earnings

Key Points

• Zacks Research slightly cut its FY2027 EPS forecast for Marvell to $3.08 from $3.09, just above the $3.05 consensus. It projects EPS of $5.50 for FY2028 and $8.33 for FY2029.
• Marvell’s latest reported quarter beat estimates, with EPS of $0.94 versus $0.93 expected and revenue of $2.74 billion versus $2.72 billion; revenue increased 36.5% year over year.
• Analyst views are mixed: MarketBeat lists a “Moderate Buy” consensus and an average $300.85 price target, while some firms recently cut ratings or targets. The article also cites concerns about the proposed Lumentum acquisition, including dilution and integration risk.

Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) - Zacks Research lowered their FY2027 earnings per share estimates for Marvell Technology in a research report issued on Wednesday, November 4th. Zacks Research analyst Team now forecasts that the semiconductor company will post earnings per share of $3.08 for the year, down from their prior estimate of $3.09. The consensus estimate for Marvell Technology's current full-year earnings is $3.05 per share. Zacks Research also issued estimates for Marvell Technology's Q1 2028 earnings at $1.06 EPS, FY2028 earnings at $5.50 EPS, Q1 2029 earnings at $1.68 EPS and FY2029 earnings at $8.33 EPS.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last released its quarterly earnings data on Thursday, August 27th. The semiconductor company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.93 by $0.01. Marvell Technology had a return on equity of 13.57% and a net margin of 27.93%. The firm had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.72 billion. During the same quarter in the previous year, the company posted $0.67 earnings per share. The company's quarterly revenue was up 36.5% on a year-over-year basis. Marvell Technology has set its Q3 2027 guidance at 1.050-1.150 EPS.

Several other research analysts also recently weighed in on MRVL. Susquehanna lowered their price objective on shares of Marvell Technology from $340.00 to $300.00 and set a "positive" rating on the stock in a report on Tuesday. Jefferies Financial Group lifted their price objective on shares of Marvell Technology from $325.00 to $450.00 and gave the company a "buy" rating in a report on Tuesday, October 6th. Piper Sandler reissued an "overweight" rating on shares of Marvell Technology in a research report on Thursday, October 29th. Bank of America lowered shares of Marvell Technology from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $400.00 to $225.00 in a report on Tuesday. Finally, Wells Fargo & Company lowered their target price on shares of Marvell Technology from $365.00 to $285.00 and set an "overweight" rating on the stock in a report on Tuesday. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $300.85.

Marvell Technology Stock Performance

NASDAQ MRVL opened at $133.55 on Friday. The company has a market cap of $117.11 billion, a P/E ratio of 44.08, a PEG ratio of 4.77 and a beta of 2.32. The company has a fifty day simple moving average of $236.31 and a 200 day simple moving average of $183.92. The company has a current ratio of 3.17, a quick ratio of 2.62 and a debt-to-equity ratio of 0.27. Marvell Technology has a 12-month low of $70.68 and a 12-month high of $329.88.

Marvell Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 29th. Shareholders of record on Friday, October 9th were paid a dividend of $0.06 per share. The ex-dividend date was Friday, October 9th. This represents a $0.24 annualized dividend and a yield of 0.2%. Marvell Technology's dividend payout ratio (DPR) is 7.92%.

Insider Buying and Selling

In other Marvell Technology news, CEO Matthew Murphy sold 7,500 shares of Marvell Technology stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $223.39, for a total transaction of $1,675,425.00. Following the transaction, the chief executive officer directly owned 775,686 shares of the company's stock, valued at $173,280,495.54. The trade was a 0.96% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Justin Scarpulla sold 1,100 shares of Marvell Technology stock in a transaction on Thursday, October 8th. The stock was sold at an average price of $273.59, for a total transaction of $300,949.00. Following the transaction, the chief accounting officer directly owned 909 shares in the company, valued at $248,693.31. This represents a 54.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 57,285 shares of company stock valued at $12,901,763 in the last 90 days. Insiders own 0.12% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Everest Financial Group LLC purchased a new stake in shares of Marvell Technology during the 3rd quarter valued at about $1,135,000. Eurizon Capital SGR S.p.A. purchased a new position in shares of Marvell Technology in the third quarter worth approximately $236,781,000. Werba Rubin Papier Wealth Management purchased a new position in shares of Marvell Technology in the third quarter worth approximately $390,000. R Squared Ltd bought a new stake in Marvell Technology during the third quarter valued at approximately $735,000. Finally, CENTRAL TRUST Co bought a new stake in Marvell Technology during the third quarter valued at approximately $1,535,000. 83.51% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Marvell Technology

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

• Positive Sentiment: Zacks Research made modest upward revisions to several future EPS forecasts, including FY2028 and FY2029, reflecting improving longer-term earnings expectations. Its FY2027 estimate was trimmed slightly. This provides a supportive signal, though it is an analyst forecast rather than company guidance.
• Positive Sentiment: Marvell’s AI networking business is benefiting from demand for data-center connectivity. The company says Lumentum’s optical technologies complement its electrical connectivity products, potentially strengthening its position in AI infrastructure and supporting future growth. Article: MRVL's Networking Business Grows on the Back of AI
• Neutral Sentiment: Analysts disagree on whether the Lumentum deal’s strategic benefits justify its cost. The transaction could create a broader optical-networking platform, but its completion and value remain uncertain. Article: Wedbush Isn’t So Sure the Marvell-Lumentum Deal Will Really Happen
• Negative Sentiment: The proposed $115 billion Lumentum acquisition is an all-stock deal, raising concerns about substantial shareholder dilution, the purchase price and integration risk. A fixed exchange ratio also means changes in Marvell’s share price affect the value Lumentum holders receive. Article: Why Marvell Stock Is Falling Today
• Negative Sentiment: Chip and AI-infrastructure stocks have sold off amid concerns that election outcomes could bring stricter AI policy or delays to data-center construction. Marvell’s exposure to data-center connectivity leaves it vulnerable if spending plans weaken. Article: Why Marvell Stock Is Falling Today
• Negative Sentiment: Recent reports also cite insider selling and analyst rating or price-target cuts, adding to caution around the stock. Article: Marvell Technology Shares Down on Insider Selling

Marvell Technology Company Profile

Marvell Technology, Inc NASDAQ: MRVL is a semiconductor company that develops infrastructure solutions for data centers, telecommunications networks, enterprise systems, automotive applications and other connected markets. Its products are designed to support the movement, processing, storage and security of data across complex computing and communications environments.

The company's portfolio includes data-processing and networking processors, custom application-specific integrated circuits, Ethernet switches and controllers, storage controllers, connectivity products, and electro-optics solutions.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.