Marvell Technology (NASDAQ:MRVL) Trading Up 4.6% - What's Next?

Key Points

• Marvell Technology's shares increased by 4.6%, reaching a trading high of $75.00 during recent trading sessions, with a significant volume of approximately 28.7 million shares traded.
• The company reported quarterly earnings of $0.67 EPS, matching analyst expectations, with revenue of $2.01 billion, which is a 57.6% year-over-year growth.
• Most analysts have a positive outlook on Marvell Technology, with two analysts rating it as a Strong Buy, while the consensus target price stands at $90.50.

Marvell Technology, Inc. (NASDAQ:MRVL - Get Free Report)'s share price traded up 4.6% on Thursday . The stock traded as high as $75.00 and last traded at $74.23. 28,661,610 shares traded hands during mid-day trading, an increase of 49% from the average session volume of 19,181,613 shares. The stock had previously closed at $70.98.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. The Goldman Sachs Group assumed coverage on shares of Marvell Technology in a research note on Thursday, July 10th. They issued a "neutral" rating and a $75.00 price target for the company. China Renaissance assumed coverage on shares of Marvell Technology in a research note on Thursday, June 5th. They issued a "buy" rating and a $110.00 price target for the company. Bank of America reissued 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. UBS Group decreased their price objective on shares of Marvell Technology from $110.00 to $95.00 and set a "buy" rating on the stock in a report on Friday, August 29th. Finally, B. Riley restated a "buy" rating and issued a $115.00 price objective (up from $110.00) on shares of Marvell Technology in a report on Wednesday, June 18th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, Marvell Technology presently has a consensus rating of "Moderate Buy" and a consensus target price of $90.50.

Marvell Technology Stock Performance

The stock's fifty day simple moving average is $72.42 and its 200-day simple moving average is $67.51. The company has a market capitalization of $64.05 billion, a price-to-earnings ratio of -571.52, a price-to-earnings-growth ratio of 0.86 and a beta of 1.85. 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 announced its quarterly earnings data on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share for the quarter, meeting analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $2.01 billion. During the same period last year, the business earned $0.30 EPS. The company's revenue was up 57.6% on a year-over-year basis. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. Analysts predict that Marvell Technology, Inc. will post 0.91 EPS for the current year.

Insider Buying and Selling at Marvell Technology

In other news, EVP Mark Casper sold 3,000 shares of the firm'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 sale, the executive vice president directly owned 17,163 shares in the company, valued at approximately $1,241,743.05. This trade represents a 14.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.19% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Hughes Financial Services LLC purchased a new position in shares of Marvell Technology in the 1st quarter valued at $26,000. Rossby Financial LCC purchased a new position in shares of Marvell Technology in the 1st quarter valued at $27,000. Financial Connections Group Inc. grew its position in shares of 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 last quarter. Game Plan Financial Advisors LLC purchased a new position in shares of Marvell Technology in the 2nd quarter valued at $27,000. Finally, Vision Financial Markets LLC purchased a new position in Marvell Technology during the 1st quarter worth $28,000. 83.51% of the stock is owned by hedge funds and other institutional investors.

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.