Marvell Technology (NASDAQ:MRVL) Stock Price Expected to Rise, Benchmark Analyst Says

Key Points

• Benchmark sharply raised its price target on Marvell Technology from $130 to $275 and kept a buy rating, implying about 38% upside from the current stock price.
• Other analysts remain broadly bullish, with firms like UBS, William Blair, and Cantor Fitzgerald also positive; the stock now carries a consensus “Moderate Buy” rating and an average target of $184.15.
• Marvell posted solid quarterly results, reporting EPS of $0.80 and revenue of $2.42 billion, with revenue up 27.6% year over year and management signaling stronger future growth through raised guidance.

Marvell Technology (NASDAQ:MRVL - Get Free Report) had its price target increased by stock analysts at Benchmark from $130.00 to $275.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has a "buy" rating on the semiconductor company's stock. Benchmark's price objective would suggest a potential upside of 38.40% from the stock's current price.

A number of other research analysts have also commented on the company. UBS Group started coverage on Marvell Technology in a report on Tuesday. They set a "buy" rating for the company. Cantor Fitzgerald boosted their target price on shares of Marvell Technology from $120.00 to $190.00 and gave the stock a "neutral" rating in a research report on Tuesday. William Blair reiterated an "outperform" rating on shares of Marvell Technology in a research note on Thursday. Barclays downgraded shares of Marvell Technology from an "overweight" rating to a "positive" rating in a report on Tuesday. Finally, Melius Research set a $220.00 price objective on shares of Marvell Technology in a report on Monday, May 18th. One analyst has rated the stock with a Strong Buy rating, thirty have issued a Buy rating and seven have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $184.15.

Marvell Technology Stock Down 4.6%

MRVL stock opened at $198.70 on Thursday. The stock has a market capitalization of $178.30 billion, a price-to-earnings ratio of 64.51, a price-to-earnings-growth ratio of 1.73 and a beta of 2.25. The company has a 50-day moving average of $141.54 and a two-hundred day moving average of $104.44. Marvell Technology has a 52-week low of $58.61 and a 52-week high of $218.26. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.01 and a quick ratio of 1.58.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last posted its quarterly earnings data on Wednesday, May 27th. The semiconductor company reported $0.80 earnings per share for the quarter, hitting the consensus estimate of $0.80. Marvell Technology had a return on equity of 14.22% and a net margin of 32.58%.The business had revenue of $2.42 billion during the quarter, compared to analysts' expectations of $2.41 billion. During the same quarter in the previous year, the firm earned $0.62 EPS. The firm's revenue was up 27.6% compared to the same quarter last year. Marvell Technology has set its Q2 2027 guidance at 0.880-0.980 EPS. As a group, equities research analysts anticipate that Marvell Technology will post 3.04 EPS for the current year.

Insider Activity at Marvell Technology

In related news, CEO Matthew J. Murphy sold 30,000 shares of the company's stock in a transaction dated Thursday, March 26th. The shares were sold at an average price of $98.70, for a total value of $2,961,000.00. Following the sale, the chief executive officer owned 310,106 shares of the company's stock, valued at $30,607,462.20. The trade was a 8.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Sandeep Bharathi sold 66,892 shares of the stock in a transaction dated Thursday, April 16th. The stock was sold at an average price of $130.35, for a total transaction of $8,719,372.20. Following the completion of the transaction, the insider directly owned 55,199 shares of the company's stock, valued at $7,195,189.65. This trade represents a 54.79% decrease in their position. 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 245,060 shares of company stock worth $29,901,072 in the last ninety days. Company insiders own 0.12% of the company's stock.

Institutional Investors Weigh In On Marvell Technology

Several large investors have recently modified their holdings of MRVL. Laurel Wealth Advisors LLC bought a new stake in shares of Marvell Technology in the 4th quarter valued at approximately $25,000. Hilton Head Capital Partners LLC grew its stake in shares of Marvell Technology by 978.3% in the 1st quarter. Hilton Head Capital Partners LLC now owns 248 shares of the semiconductor company's stock valued at $25,000 after purchasing an additional 225 shares during the period. Jessup Wealth Management Inc bought a new stake in shares of Marvell Technology in the 4th quarter valued at approximately $25,000. Cherry Tree Wealth Management LLC bought a new stake in shares of Marvell Technology in the 4th quarter valued at approximately $26,000. Finally, MidFirst Bank bought a new stake in shares of Marvell Technology in the 4th quarter valued at approximately $28,000. 83.51% of the stock is currently owned by institutional investors.

Marvell Technology News Summary

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

• Positive Sentiment: Marvell reported Q1 revenue of $2.42 billion and EPS of $0.80, topping or matching estimates, while revenue rose about 28% year over year on strong data-center demand.
• Positive Sentiment: Management raised guidance for the next quarter and boosted multiyear revenue targets, signaling that AI-related bookings and networking momentum are accelerating. Marvell Technology, Inc. Reports First Quarter of Fiscal Year 2027 Financial Results
• Positive Sentiment: Several Wall Street firms raised price targets after the report, including UBS to $230, Citi to $225, and Bank of America to $240, which helped extend bullish sentiment around the stock.

About Marvell Technology

Marvell Technology Group is a global semiconductor company that designs and develops integrated circuits and related software for data infrastructure, networking, storage and connectivity markets. The company's product portfolio includes system-on-chip (SoC) solutions, Ethernet physical-layer transceivers (PHYs), switch and switch silicon, optical interconnect components, storage controllers, and security processors. Marvell's technology is used to enable high-performance data centers, carrier networks, enterprise and cloud storage, as well as connectivity in automotive and industrial applications.

Founded in 1995 and headquartered in Santa Clara, California, Marvell has grown through both organic development and strategic acquisitions to broaden its capabilities across networking and data interconnect.

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