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

Key Points

• Marvell Technology's stock has been upgraded from a "hold" to a "buy" rating by Wall Street Zen, signaling increased confidence in the company's performance.
• The consensus rating for Marvell is currently "Moderate Buy", with an average price target of $90.50, despite varying estimates from other analysts.
• Marvell reported a significant 57.6% year-over-year revenue growth, with earnings per share meeting analyst expectations at $0.67 for the last quarter.

Marvell Technology (NASDAQ:MRVL - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Saturday.

A number of other analysts have also recently weighed in on the company. Wells Fargo & Company lowered their price target on Marvell Technology from $95.00 to $90.00 and set an "overweight" rating on the stock in a research report on Friday, August 29th. Barclays reiterated an "overweight" rating and issued a $80.00 price target on shares of Marvell Technology in a research report on Friday, August 29th. UBS Group lowered their price target on Marvell Technology from $110.00 to $95.00 and set a "buy" rating on the stock in a research report on Friday, August 29th. Melius cut Marvell Technology from a "buy" rating to a "hold" rating and set a $66.00 price target on the stock. in a research report on Thursday, May 22nd. Finally, Benchmark reiterated a "buy" rating and issued a $95.00 price target on shares of Marvell Technology in a research report on Friday, August 29th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $90.50.

Marvell Technology Stock Performance

MRVL opened at $67.35 on Friday. The stock has a market cap of $58.06 billion, a PE ratio of -518.08, a P/E/G ratio of 0.80 and a beta of 1.85. The company has a current ratio of 1.88, a quick ratio of 1.44 and a debt-to-equity ratio of 0.30. Marvell Technology has a 1 year low of $47.08 and a 1 year high of $127.48. The stock's 50 day simple moving average is $72.57 and its 200-day simple moving average is $68.05.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last released its quarterly earnings data on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.67. The business had revenue of $2.01 billion for the quarter, compared to analysts' expectations of $2.01 billion. Marvell Technology had a positive return on equity of 11.01% and a negative net margin of 1.43%.Marvell Technology's quarterly revenue was up 57.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.30 earnings per share. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. Sell-side analysts forecast that Marvell Technology will post 0.91 EPS for the current year.

Insiders Place Their Bets

In other Marvell Technology news, CFO Willem A. Meintjes sold 1,500 shares of the business's stock in a transaction on Monday, June 16th. The stock was sold at an average price of $68.52, for a total value of $102,780.00. Following the transaction, the chief financial officer owned 121,348 shares of the company's stock, valued at approximately $8,314,764.96. The trade was a 1.22% 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 hyperlink. Also, CAO Panteha Dixon sold 1,283 shares of the business's stock in a transaction 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 approximately $2,025,682. This represents a 4.16% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,783 shares of company stock valued at $407,716. 0.19% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Marvell Technology

Several large investors have recently made changes to their positions in MRVL. Bank Pictet & Cie Europe AG lifted its stake in shares of Marvell Technology by 0.7% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 66,710 shares of the semiconductor company's stock valued at $7,368,000 after acquiring an additional 460 shares during the period. Man Group plc lifted its stake in shares of Marvell Technology by 95.9% during the fourth quarter. Man Group plc now owns 56,652 shares of the semiconductor company's stock valued at $6,257,000 after acquiring an additional 27,734 shares during the period. Quantinno Capital Management LP lifted its stake in shares of Marvell Technology by 19.0% during the fourth quarter. Quantinno Capital Management LP now owns 61,913 shares of the semiconductor company's stock valued at $6,838,000 after acquiring an additional 9,865 shares during the period. Point72 Hong Kong Ltd acquired a new position in shares of Marvell Technology during the fourth quarter valued at $645,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Marvell Technology during the fourth quarter valued at $234,000. 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.

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