Marvell Technology's (MRVL) Buy Rating Reaffirmed at Benchmark

Key Points

• Marvell Technology's stock received a reaffirmed "buy" rating from Benchmark, with a price target of $95.00, indicating a potential upside of 23.01% from its current trading price.
• In the latest quarterly earnings report, Marvell posted an EPS of $0.67 and revenue of $2.01 billion, reflecting a year-over-year revenue increase of 57.6%.
• The consensus among analysts indicates a "Moderate Buy" rating for Marvell, with a majority issuing "Buy" ratings and a consensus target price of $93.68.

Marvell Technology (NASDAQ:MRVL - Get Free Report)'s stock had its "buy" rating reissued by equities researchers at Benchmark in a research report issued to clients and investors on Friday,Benzinga reports. They currently have a $95.00 price objective on the semiconductor company's stock. Benchmark's target price suggests a potential upside of 23.01% from the stock's current price.

Several other equities research analysts have also issued reports on the company. The Goldman Sachs Group began coverage on Marvell Technology in a research note on Thursday, July 10th. They set a "neutral" rating and a $75.00 price objective for the company. Wells Fargo & Company set a $95.00 price objective on Marvell Technology and gave the company an "overweight" rating in a research note on Friday, August 22nd. Raymond James Financial reaffirmed an "outperform" rating and set a $90.00 price target (down previously from $110.00) on shares of Marvell Technology in a research note on Friday, May 30th. UBS Group reaffirmed a "buy" rating on shares of Marvell Technology in a research note on Monday, June 2nd. Finally, Jefferies Financial Group dropped their price target on Marvell Technology from $90.00 to $80.00 and set a "buy" rating for the company in a research note on Friday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $93.68.

Marvell Technology Price Performance

Marvell Technology stock opened at $77.23 on Friday. Marvell Technology has a one year low of $47.08 and a one year high of $127.48. The business has a fifty day moving average price of $74.90 and a 200-day moving average price of $71.08. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.30 and a quick ratio of 0.94. The firm has a market capitalization of $66.71 billion, a P/E ratio of -135.49, a PEG ratio of 0.81 and a beta of 1.83.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last posted its quarterly earnings results on Thursday, August 28th. The semiconductor company reported $0.67 EPS for the quarter, hitting analysts' consensus estimates of $0.67. The firm had revenue of $2.01 billion during the quarter, compared to analyst estimates of $2.01 billion. Marvell Technology had a positive return on equity of 8.42% and a negative net margin of 7.56%.The business's revenue for the quarter was up 57.6% on a year-over-year basis. During the same period last year, the company earned $0.30 earnings per share. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. As a group, equities research analysts forecast that Marvell Technology will post 0.91 EPS for the current year.

Insider Activity

In other news, CAO Panteha Dixon sold 1,283 shares of the business's stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $68.50, for a total value of $87,885.50. Following the completion of the sale, the chief accounting officer owned 29,572 shares of the company's stock, valued at approximately $2,025,682. The trade was a 4.16% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Mark Casper sold 3,000 shares of the business's stock in a transaction dated 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 directly owned 17,163 shares of the company's stock, valued at approximately $1,241,743.05. This trade represents a 14.88% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,783 shares of company stock valued at $407,716. Insiders own 0.19% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of MRVL. Bank Pictet & Cie Europe AG increased its holdings in Marvell Technology by 0.7% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 66,710 shares of the semiconductor company's stock valued at $7,368,000 after purchasing an additional 460 shares during the period. Caisse DE Depot ET Placement DU Quebec increased its holdings in Marvell Technology by 3.2% during the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 183,727 shares of the semiconductor company's stock valued at $20,293,000 after purchasing an additional 5,727 shares during the period. Keel Point LLC increased its holdings in Marvell Technology by 8.9% during the 4th quarter. Keel Point LLC now owns 3,373 shares of the semiconductor company's stock valued at $373,000 after purchasing an additional 275 shares during the period. Mercer Global Advisors Inc. ADV increased its holdings in Marvell Technology by 3.7% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 38,607 shares of the semiconductor company's stock valued at $4,264,000 after purchasing an additional 1,362 shares during the period. Finally, Meiji Yasuda Life Insurance Co purchased a new position in Marvell Technology during the 4th quarter valued at about $607,000. Hedge funds and other institutional investors own 83.51% of the company's stock.

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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