Marvell Technology (NASDAQ:MRVL) Receives Hold (C-) Rating from Weiss Ratings

Key Points

• Marvell Technology's stock has received a "hold (C-)" rating from Weiss Ratings, maintaining a cautious outlook on the company's performance.
• The company has recently approved a $5 billion share repurchase plan, indicating management believes its shares are undervalued.
• Marvell's stock currently has a consensus rating of "Moderate Buy" from twenty-one analysts, with a price target averaging $91.67.

Marvell Technology (NASDAQ:MRVL - Get Free Report)'s stock had its "hold (c-)" rating reaffirmed by stock analysts at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

Several other equities research analysts also recently weighed in on MRVL. BNP Paribas raised Marvell Technology to a "strong-buy" rating in a report on Friday, August 29th. Barclays restated an "overweight" rating and set a $80.00 price target on shares of Marvell Technology in a research note on Friday, August 29th. TD Cowen restated a "hold" rating and set a $85.00 price target (down previously from $90.00) on shares of Marvell Technology in a research note on Wednesday, October 1st. Deutsche Bank Aktiengesellschaft upped their price target on Marvell Technology from $80.00 to $90.00 and gave the stock a "buy" rating in a research note on Thursday, September 25th. Finally, Cantor Fitzgerald restated a "neutral" rating and set a $75.00 price target on shares of Marvell Technology in a research note on Friday, August 29th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and twelve have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $91.67.

Marvell Technology Price Performance

MRVL stock opened at $92.50 on Wednesday. The company has a market capitalization of $79.74 billion, a P/E ratio of -711.54, a PEG ratio of 1.06 and a beta of 1.94. Marvell Technology has a twelve month low of $47.08 and a twelve month high of $127.48. The business has a 50 day simple moving average of $74.95 and a 200-day simple moving average of $68.55. 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 (NASDAQ:MRVL - Get Free Report) last posted its quarterly earnings data on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share for the quarter, meeting the consensus estimate of $0.67. The business had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2.01 billion. Marvell Technology had a positive return on equity of 11.01% and a negative net margin of 1.43%.The company's revenue was up 57.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.30 earnings per share. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. As a group, equities analysts anticipate that Marvell Technology will post 0.91 EPS for the current year.

Marvell Technology announced that its board has approved a share repurchase plan on Wednesday, September 24th that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the semiconductor company to buy up to 7.8% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's leadership believes its shares are undervalued.

Insider Buying and Selling at Marvell Technology

In related news, COO Chris Koopmans acquired 6,800 shares of the firm's stock in a transaction that occurred on Thursday, September 25th. The shares were acquired at an average price of $78.03 per share, with a total value of $530,604.00. Following the completion of the purchase, the chief operating officer directly owned 104,825 shares in the company, valued at approximately $8,179,494.75. The trade was a 6.94% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Willem A. Meintjes acquired 3,400 shares of the firm's stock in a transaction that occurred on Thursday, September 25th. The shares were bought at an average cost of $78.03 per share, for a total transaction of $265,302.00. Following the purchase, the chief financial officer owned 132,159 shares of the company's stock, valued at approximately $10,312,366.77. The trade was a 2.64% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 27,200 shares of company stock valued at $2,109,632. 0.19% of the stock is owned by company insiders.

Institutional Trading of Marvell Technology

A number of hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in Marvell Technology by 1.1% in the 2nd quarter. Vanguard Group Inc. now owns 64,443,232 shares of the semiconductor company's stock worth $4,987,906,000 after buying an additional 673,110 shares during the last quarter. Brown Advisory Inc. boosted its stake in Marvell Technology by 8.0% in the 2nd quarter. Brown Advisory Inc. now owns 20,840,336 shares of the semiconductor company's stock worth $1,613,044,000 after buying an additional 1,539,809 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in Marvell Technology by 32.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 20,661,308 shares of the semiconductor company's stock worth $1,272,117,000 after buying an additional 5,050,159 shares during the last quarter. State Street Corp boosted its stake in Marvell Technology by 2.7% in the 2nd quarter. State Street Corp now owns 20,573,260 shares of the semiconductor company's stock worth $1,592,370,000 after buying an additional 533,946 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in Marvell Technology by 16.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 10,406,875 shares of the semiconductor company's stock worth $805,473,000 after buying an additional 1,464,571 shares during the last quarter. 83.51% of the stock is owned by institutional investors and hedge funds.

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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