Zacks Research Analysts Boost Earnings Estimates for MRVL

Key Points

• Zacks Research raised Marvell’s Q3 2027 EPS estimate to $0.80 from $0.73, while projecting $3.09 in FY2027 and $5.45 in FY2028 earnings.
• Marvell recently reported quarterly EPS of $0.94, slightly above estimates, with revenue of $2.74 billion, up 36.5% year over year; management issued Q3 2027 EPS guidance of $1.05–$1.15.
• Analyst sentiment remains favorable, with a consensus “Moderate Buy” rating and a $270.47 target price, though concerns persist around the stock’s elevated valuation and whether AI-related growth is already priced in.

Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) - Analysts at Zacks Research boosted their Q3 2027 EPS estimates for shares of Marvell Technology in a research note issued on Thursday, September 10th. Zacks Research analyst Team now expects that the semiconductor company will post earnings per share of $0.80 for the quarter, up from their previous estimate of $0.73. The consensus estimate for Marvell Technology's current full-year earnings is $3.03 per share. Zacks Research also issued estimates for Marvell Technology's Q4 2027 earnings at $1.07 EPS, FY2027 earnings at $3.09 EPS, Q1 2028 earnings at $1.05 EPS, Q4 2028 earnings at $1.80 EPS, FY2028 earnings at $5.45 EPS, Q2 2029 earnings at $1.85 EPS and FY2029 earnings at $8.18 EPS.

A number of other research analysts also recently issued reports on the company. B. Riley Financial dropped their price objective on Marvell Technology from $345.00 to $315.00 and set a "buy" rating on the stock in a research note on Friday, August 28th. KeyCorp reaffirmed an "overweight" rating on shares of Marvell Technology in a research note on Friday, August 28th. Raymond James Financial reissued a "strong-buy" rating on shares of Marvell Technology in a research note on Wednesday, August 19th. Scotiabank initiated coverage on Marvell Technology in a report on Tuesday, May 26th. They set an "outperform" rating on the stock. Finally, Roth Capital reaffirmed a "buy" rating and set a $350.00 price objective on shares of Marvell Technology in a research report on Thursday, August 20th. Three analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, Marvell Technology presently has a consensus rating of "Moderate Buy" and a consensus target price of $270.47.

Marvell Technology Price Performance

MRVL stock opened at $218.82 on Tuesday. The company has a quick ratio of 2.62, a current ratio of 3.17 and a debt-to-equity ratio of 0.27. The firm has a market cap of $191.88 billion, a price-to-earnings ratio of 72.22, a PEG ratio of 2.29 and a beta of 2.25. The company's fifty day simple moving average is $215.80 and its 200 day simple moving average is $188.18. Marvell Technology has a 12-month low of $66.33 and a 12-month high of $329.88.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last posted its quarterly earnings data on Thursday, August 27th. The semiconductor company reported $0.94 EPS for the quarter, beating analysts' consensus estimates of $0.93 by $0.01. Marvell Technology had a net margin of 27.93% and a return on equity of 13.57%. The company had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.72 billion. During the same period in the prior year, the firm posted $0.67 EPS. 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.

Institutional Trading of Marvell Technology

Institutional investors and hedge funds have recently modified their holdings of the business. Cape ANN Savings Bank raised its holdings in Marvell Technology by 2.3% in the 2nd quarter. Cape ANN Savings Bank now owns 2,245 shares of the semiconductor company's stock worth $669,000 after purchasing an additional 50 shares in the last quarter. Arlington Trust Co LLC boosted its stake in shares of Marvell Technology by 24.1% during the 2nd quarter. Arlington Trust Co LLC now owns 268 shares of the semiconductor company's stock valued at $80,000 after purchasing an additional 52 shares in the last quarter. GoalVest Advisory LLC boosted its stake in shares of Marvell Technology by 26.0% during the 2nd quarter. GoalVest Advisory LLC now owns 315 shares of the semiconductor company's stock valued at $94,000 after purchasing an additional 65 shares in the last quarter. Mayflower Financial Advisors LLC increased its position in shares of Marvell Technology by 1.7% during the first quarter. Mayflower Financial Advisors LLC now owns 4,109 shares of the semiconductor company's stock valued at $407,000 after buying an additional 68 shares during the period. Finally, Bell Investment Advisors Inc raised its stake in Marvell Technology by 12.9% in the first quarter. Bell Investment Advisors Inc now owns 628 shares of the semiconductor company's stock worth $62,000 after buying an additional 72 shares in the last quarter. 83.51% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Marvell Technology

In related news, CFO Daniel Durn sold 2,250 shares of the business's stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $281.01, for a total transaction of $632,272.50. Following the transaction, the chief financial officer directly owned 6,902 shares in the company, valued at approximately $1,939,531.02. The trade was a 24.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Chris Koopmans sold 10,000 shares of the company's stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $203.27, for a total transaction of $2,032,700.00. Following the completion of the sale, the chief operating officer directly owned 217,941 shares of the company's stock, valued at $44,300,867.07. The trade was a 4.39% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 39,750 shares of company stock valued at $9,059,772 over the last ninety days. 0.12% of the stock is currently owned by insiders.

Marvell Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 30th. Investors of record on Friday, July 10th were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date was Friday, July 10th. Marvell Technology's dividend payout ratio is currently 7.92%.

Marvell Technology News Roundup

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

• Positive Sentiment: An analyst raised the forecast for Marvell’s second-quarter earnings, suggesting expectations for the company’s operating performance remain constructive. Q2 EPS Forecast for Marvell Technology Boosted by Analyst
• Positive Sentiment: A recent investment analysis argues that Qualcomm’s entry into an area associated with Amazon Web Services and custom silicon increases competition but does not eliminate Marvell’s longer-term buy case. Marvell’s exposure to customized data-center chips and AI networking remains a key potential growth driver. Marvell Technology: Qualcomm Just Entered Its AWS Territory, But The Buy Case Still Holds
• Neutral Sentiment: Investors are also weighing Marvell against Nvidia. Nvidia is viewed as having faster growth, higher gross margins and a lower forward price-to-earnings multiple, which may limit Marvell’s relative appeal even as both companies benefit from AI infrastructure demand. NVIDIA vs. Marvell: Which AI Infrastructure Stock Is the Better Buy?
• Negative Sentiment: Weekend comments from Anthropic CEO Dario Amodei calling for a slower pace of AI development, reportedly supported by other technology leaders, sparked concern that data-center and AI-chip spending could decelerate. Marvell fell alongside Nvidia, AMD and other semiconductor names as the market questioned the durability of the AI spending cycle. Marvell stock plunges as a new threat hits the AI trade
• Negative Sentiment: Analysts caution that much of Marvell’s AI-related upside may already be reflected in the stock’s valuation, increasing downside risk if growth expectations or the AI investment timeline are reduced. Marvell Heats Up Custom Silicon Competition - AI Tailwinds Mostly Priced In

Marvell Technology Company Profile

Marvell Technology, Inc NASDAQ: MRVL is a semiconductor company that develops infrastructure solutions for data centers, cloud computing, communications networks, automotive applications and enterprise environments. Its products are designed to move, process, secure and store data across increasingly complex computing and networking systems.

The company's portfolio includes networking and switching products, optical and electrical interconnect solutions, custom application-specific integrated circuits, storage controllers and processors.

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