Marvell Technology (NASDAQ:MRVL) Price Target Raised to $340.00

Marvell Technology (NASDAQ:MRVL) had its price target increased by Susquehanna from $265.00 to $340.00 in a report released on Wednesday, MarketBeat reports. They currently have a positive rating on the semiconductor company’s stock.

A number of other research firms have also recently weighed in on MRVL. Needham & Company LLC boosted their price objective on shares of Marvell Technology from $300.00 to $400.00 and gave the company a “buy” rating in a research report on Wednesday. Loop Capital upgraded shares of Marvell Technology to a “strong-buy” rating in a report on Tuesday, June 16th. TD Cowen raised shares of Marvell Technology from a “hold” rating to a “buy” rating and lifted their price target for the stock from $245.00 to $350.00 in a research note on Wednesday. KeyCorp reiterated an “overweight” rating on shares of Marvell Technology in a report on Friday, August 28th. Finally, Wells Fargo & Company increased their price objective on shares of Marvell Technology from $310.00 to $365.00 and gave the stock an “overweight” rating in a research report on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $320.82.

Marvell Technology Price Performance

NASDAQ:MRVL opened at $275.28 on Wednesday. The firm has a market capitalization of $241.39 billion, a price-to-earnings ratio of 90.85, a PEG ratio of 8.19 and a beta of 2.26. Marvell Technology has a 1 year low of $70.68 and a 1 year high of $329.88. The business has a 50 day simple moving average of $237.21 and a 200-day simple moving average of $210.69. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.17 and a quick ratio of 2.62.

Marvell Technology (NASDAQ:MRVL) last released its earnings results on Thursday, August 27th. The semiconductor company reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.01. Marvell Technology had a return on equity of 13.57% and a net margin of 27.93%. The firm had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.72 billion. During the same quarter in the previous year, the company posted $0.67 EPS. The company’s revenue for the quarter was up 36.5% compared to the same quarter last year. Marvell Technology has set its Q3 2027 guidance at 1.050-1.150 EPS. Equities analysts forecast that Marvell Technology will post 3.05 EPS for the current year.

Marvell Technology Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 29th. Stockholders of record on Friday, October 9th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, October 9th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.1%. Marvell Technology’s dividend payout ratio is presently 7.92%.

Insider Transactions at Marvell Technology

In related news, CEO Matthew J. Murphy sold 7,500 shares of the company’s stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $223.39, for a total value of $1,675,425.00. Following the completion of the sale, the chief executive officer directly owned 775,686 shares of the company’s stock, valued at $173,280,495.54. This represents a 0.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Chris Koopmans sold 10,000 shares of the stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $180.50, for a total transaction of $1,805,000.00. Following the transaction, the chief operating officer owned 227,941 shares in the company, valued at approximately $41,143,350.50. The trade was a 4.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 46,100 shares of company stock valued at $10,205,174. 0.12% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Marvell Technology

Several hedge funds have recently modified their holdings of MRVL. Taylor & Morgan Wealth Management LLC purchased a new position in Marvell Technology during the third quarter valued at approximately $663,000. Armstrong Advisory Group Inc. purchased a new stake in shares of Marvell Technology during the 3rd quarter worth $75,000. Marquette Asset Management LLC bought a new stake in Marvell Technology during the third quarter valued at about $30,000. Valley Wealth Managers Inc. purchased a new position in Marvell Technology in the third quarter valued at about $1,345,000. Finally, Schaper Benz & Wise Investment Counsel Inc. WI purchased a new position in Marvell Technology in the third quarter valued at about $257,000. Hedge funds and other institutional investors own 83.51% of the company’s stock.

Marvell Technology News Summary

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

• Positive Sentiment: Marvell raised its fiscal 2031 revenue target to approximately $70 billion to $90 billion, compared with a fiscal 2026 base of $8.2 billion. Management also outlined a $20 billion 2028 revenue target, reinforcing expectations for strong demand for custom AI chips, networking products and data-center connectivity. Marvell Technology Lifts 2031 Revenue Goal
• Positive Sentiment: The company estimates that connecting AI chips could become a roughly $37 billion business, improving the long-term growth case for its electro-optics, networking and custom silicon offerings. The forecast also lifted sentiment toward related AI infrastructure companies. Marvell Says Connecting AI Chips Could Be a $37 Billion Business
• Positive Sentiment: Barclays maintained a Buy rating, while reports also cited favorable views or price-target increases from JPMorgan, RBC, Susquehanna, Cantor Fitzgerald and Bank of America. This analyst support is helping sustain momentum after the investor-day presentation. Barclays Keeps Their Buy Rating on Marvell
• Neutral Sentiment: Marvell plans to showcase a broad portfolio of open AI infrastructure solutions at the OCP Global Summit, providing potential product and customer visibility but no immediate change to earnings guidance. Marvell to Showcase Open AI Infrastructure Solutions
• Negative Sentiment: Some analysts warn that the stock’s substantial multiyear rally has already priced in significant AI success. At roughly 24 times forward earnings, valuation may look reasonable relative to the growth targets, but it remains exposed to execution risk, customer concentration and any slowdown in AI data-center spending. Marvell Stock Could Be Below Fair Value
• Negative Sentiment: Higher Treasury yields and oil prices recently pressured high-growth technology shares, contributing to volatility in MRVL despite its favorable company-specific outlook. What’s Going On With Marvell Technology Stock

About Marvell Technology

Marvell Technology, Inc (NASDAQ: MRVL) is a fabless semiconductor company that develops technologies for data infrastructure. Its products are used to move, process, store and secure data across cloud data centers, enterprise networks, telecommunications systems, automotive platforms and other communications applications.

The company’s portfolio includes custom application-specific integrated circuits, data processing and networking solutions, Ethernet products, storage controllers, optical and electro-optical components, and connectivity technologies.