Marvell Technology (NASDAQ:MRVL) Receives Hold Rating from TD Cowen

Key Points

• TD Cowen has reissued a "hold" rating for Marvell Technology (NASDAQ:MRVL) with a price target of $85, indicating a potential upside of 1.10% from the current price.
• Marvell's quarterly earnings met analysts' expectations with an EPS of $0.67 and a significant year-over-year revenue increase of 57.6%, reaching $2.01 billion.
• The company has undertaken a $5 billion stock repurchase program, reflecting management's belief that its shares are undervalued.

Marvell Technology (NASDAQ:MRVL - Get Free Report)'s stock had its "hold" rating reissued by analysts at TD Cowen in a research note issued to investors on Wednesday, Marketbeat Ratings reports. They currently have a $85.00 price objective on the semiconductor company's stock. TD Cowen's price target would indicate a potential upside of 1.10% from the company's current price.

MRVL has been the subject of several other research reports. Evercore ISI lowered their price objective on shares of Marvell Technology from $133.00 to $122.00 and set an "outperform" rating for the company in a research note on Friday, August 29th. Wells Fargo & Company lowered their price objective on shares of Marvell Technology from $95.00 to $90.00 and set an "overweight" rating for the company in a research note on Friday, August 29th. UBS Group lowered their price objective on shares of Marvell Technology from $110.00 to $95.00 and set a "buy" rating for the company in a research note on Friday, August 29th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Marvell Technology from $80.00 to $90.00 and gave the stock a "buy" rating in a research note on Thursday, September 25th. Finally, Bank of America reiterated a "neutral" rating and issued a $78.00 price target (down previously from $90.00) 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 given a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $91.67.

Marvell Technology Trading Up 2.0%

NASDAQ MRVL opened at $84.08 on Wednesday. The firm has a 50 day simple moving average of $73.57 and a 200-day simple moving average of $67.81. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.44 and a current ratio of 1.88. Marvell Technology has a one year low of $47.08 and a one year high of $127.48. The firm has a market cap of $72.48 billion, a price-to-earnings ratio of -646.75, a PEG ratio of 1.01 and a beta of 1.85.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last posted its quarterly earnings data on Thursday, August 28th. The semiconductor company reported $0.67 EPS for the quarter, meeting the consensus estimate of $0.67. Marvell Technology had a negative net margin of 1.43% and a positive return on equity of 11.01%. The business had revenue of $2.01 billion during the quarter, compared to analyst estimates of $2.01 billion. During the same quarter last year, the firm posted $0.30 earnings per share. The business's revenue for the quarter 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. Equities research analysts anticipate that Marvell Technology will post 0.91 EPS for the current fiscal year.

Marvell Technology announced that its Board of Directors has authorized a stock repurchase program on Wednesday, September 24th that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the semiconductor company to buy up to 7.8% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's management believes its shares are undervalued.

Insider Buying and Selling at Marvell Technology

In related news, EVP Mark Casper sold 3,000 shares of the company's stock in a transaction on Friday, July 18th. The shares were sold at an average price of $72.35, for a total value of $217,050.00. Following the completion of the sale, the executive vice president owned 17,163 shares in the company, valued at $1,241,743.05. This represents a 14.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Willem A. Meintjes purchased 3,400 shares of Marvell Technology stock in a transaction that occurred on Thursday, September 25th. The stock was acquired at an average price of $78.03 per share, with a total value of $265,302.00. Following the transaction, the chief financial officer owned 132,159 shares in the company, valued at $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. In the last ninety days, insiders have bought 27,200 shares of company stock worth $2,109,632. 0.33% of the stock is owned by insiders.

Institutional Trading of Marvell Technology

Several institutional investors and hedge funds have recently bought and sold shares of MRVL. Hughes Financial Services LLC purchased a new stake in Marvell Technology in the 1st quarter valued at $26,000. Rossby Financial LCC acquired a new position in Marvell Technology in the 1st quarter valued at $27,000. Financial Connections Group Inc. increased its stake in Marvell Technology by 776.0% in the 1st quarter. Financial Connections Group Inc. now owns 438 shares of the semiconductor company's stock valued at $27,000 after buying an additional 388 shares during the period. Game Plan Financial Advisors LLC acquired a new position in Marvell Technology in the 2nd quarter valued at $27,000. Finally, Vision Financial Markets LLC acquired a new position in Marvell Technology in the 1st quarter valued at $28,000. Hedge funds and other institutional investors own 83.51% of the company's stock.

Marvell Technology Company Profile

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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