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

Key Points

• Marvell Technology's stock has been restated with a "hold (C-)" rating by Weiss Ratings, indicating a cautious outlook on the company's performance.
• The company recently approved a $5 billion share repurchase plan, suggesting management believes the stock is currently undervalued.
• Analysts have varied opinions on Marvell, with a consensus rating of "Moderate Buy" and an average target price of $93.06.

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

Several other analysts have also weighed in on MRVL. Wells Fargo & Company decreased their price target on Marvell Technology from $95.00 to $90.00 and set an "overweight" rating on the stock in a report on Friday, August 29th. Zacks Research raised Marvell Technology from a "strong sell" rating to a "hold" rating in a research report on Wednesday, September 24th. Oppenheimer upped their price objective on Marvell Technology from $95.00 to $115.00 and gave the company an "outperform" rating in a research report on Friday, October 10th. Jefferies Financial Group cut their price objective on Marvell Technology from $90.00 to $80.00 and set a "buy" rating on the stock in a research report on Friday, August 29th. Finally, Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $75.00 price objective on shares of Marvell Technology in a research report on Friday, August 29th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and thirteen have given a Hold rating to the company's stock. According to MarketBeat.com, Marvell Technology currently has a consensus rating of "Moderate Buy" and an average target price of $93.06.

Marvell Technology Trading Up 1.6%

NASDAQ:MRVL traded up $1.36 during midday trading on Friday, hitting $84.13. 11,653,133 shares of the company traded hands, compared to its average volume of 18,189,334. The firm's fifty day moving average is $77.13 and its 200-day moving average is $70.79. Marvell Technology has a 12-month low of $47.08 and a 12-month high of $127.48. The firm has a market capitalization of $72.53 billion, a P/E ratio of -647.15, a P/E/G ratio of 1.03 and a beta of 1.94. 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 released its quarterly 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 company 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 EPS. Marvell Technology's quarterly revenue was up 57.6% compared to the same quarter last year. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. On average, sell-side analysts predict 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 allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the semiconductor company to purchase up to 7.8% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's board believes its stock is undervalued.

Insider Transactions at Marvell Technology

In other news, CEO Matthew J. Murphy acquired 13,600 shares of Marvell Technology stock in a transaction dated Thursday, September 25th. The stock was purchased at an average cost of $77.09 per share, for a total transaction of $1,048,424.00. Following the completion of the purchase, the chief executive officer directly owned 268,637 shares in the company, valued at $20,709,226.33. This trade represents a 5.33% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Chris Koopmans acquired 6,800 shares of Marvell Technology stock in a transaction dated Thursday, September 25th. The stock was purchased 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 owned 104,825 shares of the company's stock, valued at approximately $8,179,494.75. The trade was a 6.94% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 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

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Pinnacle Bancorp Inc. grew its holdings in Marvell Technology by 99.1% during the third quarter. Pinnacle Bancorp Inc. now owns 3,184 shares of the semiconductor company's stock worth $268,000 after acquiring an additional 1,585 shares during the period. MGO One Seven LLC lifted its position in Marvell Technology by 75.5% during the third quarter. MGO One Seven LLC now owns 9,071 shares of the semiconductor company's stock worth $763,000 after buying an additional 3,903 shares in the last quarter. Meeder Asset Management Inc. raised its position in Marvell Technology by 30.4% in the third quarter. Meeder Asset Management Inc. now owns 557 shares of the semiconductor company's stock valued at $47,000 after purchasing an additional 130 shares during the period. Atlantic Edge Private Wealth Management LLC raised its position in Marvell Technology by 160.0% in the third quarter. Atlantic Edge Private Wealth Management LLC now owns 325 shares of the semiconductor company's stock valued at $27,000 after purchasing an additional 200 shares during the period. Finally, Forum Financial Management LP raised its position in Marvell Technology by 7.8% in the third quarter. Forum Financial Management LP now owns 11,359 shares of the semiconductor company's stock valued at $955,000 after purchasing an additional 822 shares during the period. 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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