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

Key Points

• Stifel Nicolaus raised its price target on Marvell Technology from $210 to $230 and kept a buy rating, implying about 15.75% upside from the prior close.
• Marvell’s latest earnings beat or matched expectations, with Q1 revenue of $2.42 billion and EPS of $0.80, while revenue rose about 27.6% year over year on strong data-center demand.
• Management also raised its outlook, and several firms lifted targets after the report, reinforcing bullish sentiment around the stock and its AI-related growth prospects.

Marvell Technology (NASDAQ:MRVL - Get Free Report) had its price objective upped by investment analysts at Stifel Nicolaus from $210.00 to $230.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has a "buy" rating on the semiconductor company's stock. Stifel Nicolaus' price objective indicates a potential upside of 15.75% from the company's previous close.

MRVL has been the topic of a number of other reports. Craig Hallum boosted their target price on Marvell Technology from $141.00 to $164.00 and gave the stock a "buy" rating in a research report on Friday, March 6th. UBS Group assumed coverage on Marvell Technology in a research report on Tuesday. They set a "buy" rating on the stock. Susquehanna boosted their target price on Marvell Technology from $100.00 to $230.00 and gave the stock a "positive" rating in a research report on Tuesday. Jefferies Financial Group restated a "buy" rating on shares of Marvell Technology in a research report on Thursday. Finally, Wall Street Zen downgraded Marvell Technology from a "buy" rating to a "hold" rating in a research report on Sunday, March 15th. One research 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 stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $175.15.

Marvell Technology Stock Down 4.6%

MRVL opened at $198.70 on Thursday. The business's fifty day moving average is $141.54 and its two-hundred day moving average is $104.44. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.58 and a current ratio of 2.01. The company has a market cap of $178.30 billion, a price-to-earnings ratio of 64.51, a PEG ratio of 1.73 and a beta of 2.25. Marvell Technology has a one year low of $58.61 and a one year high of $218.26.

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

Insiders Place Their Bets

In related news, 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 transaction, the insider directly owned 55,199 shares in the company, valued at approximately $7,195,189.65. This represents a 54.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 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. Also, CEO Matthew J. Murphy sold 7,500 shares of the stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $177.26, for a total value of $1,329,450.00. Following the transaction, the chief executive officer owned 739,397 shares in the company, valued at $131,065,512.22. This trade represents a 1.00% decrease in their ownership of the stock. 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. Over the last three months, insiders sold 245,060 shares of company stock valued at $29,901,072. Insiders own 0.12% of the company's stock.

Hedge Funds Weigh In On Marvell Technology

Several large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in Marvell Technology by 23.5% during the third quarter. Vanguard Group Inc. now owns 79,610,208 shares of the semiconductor company's stock worth $6,692,830,000 after acquiring an additional 15,166,976 shares during the last quarter. State Street Corp increased its stake in Marvell Technology by 7.9% during the fourth quarter. State Street Corp now owns 22,834,816 shares of the semiconductor company's stock worth $1,940,503,000 after acquiring an additional 1,677,724 shares during the last quarter. Ameriprise Financial Inc. increased its stake in Marvell Technology by 59.7% during the third quarter. Ameriprise Financial Inc. now owns 16,624,827 shares of the semiconductor company's stock worth $1,397,751,000 after acquiring an additional 6,217,952 shares during the last quarter. Geode Capital Management LLC increased its stake in Marvell Technology by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 12,108,452 shares of the semiconductor company's stock worth $1,025,185,000 after acquiring an additional 97,624 shares during the last quarter. Finally, Franklin Resources Inc. increased its stake in Marvell Technology by 47.0% during the third quarter. Franklin Resources Inc. now owns 11,903,051 shares of the semiconductor company's stock worth $1,000,689,000 after acquiring an additional 3,805,431 shares during the last quarter. 83.51% of the stock is currently owned by hedge funds and other institutional investors.

Key Marvell Technology News

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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