Marvell Technology (NASDAQ:MRVL) Stock Price Expected to Rise, Bank of America Analyst Says

Marvell Technology (NASDAQ:MRVL) had its price target upped by equities research analysts at Bank of America from $200.00 to $240.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the semiconductor company’s stock. Bank of America‘s price objective indicates a potential upside of 20.79% from the company’s previous close.

Several other analysts have also recently weighed in on MRVL. William Blair reaffirmed an “outperform” rating on shares of Marvell Technology in a research report on Thursday. JPMorgan Chase & Co. increased their target price on Marvell Technology from $130.00 to $135.00 and gave the stock an “overweight” rating in a research report on Friday, March 6th. Rosenblatt Securities set a $240.00 target price on Marvell Technology in a research note on Thursday. Raymond James Financial set a $235.00 price target on Marvell Technology in a research report on Thursday. Finally, Susquehanna increased their price objective on Marvell Technology from $100.00 to $230.00 and gave the stock a “positive” rating in a report on Tuesday. One investment 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. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $198.79.

Marvell Technology Trading Down 4.6%

MRVL opened at $198.70 on Thursday. Marvell Technology has a one year low of $58.61 and a one year 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. The business has a 50 day simple moving average of $141.54 and a two-hundred day simple moving average of $104.44. The firm has a market capitalization 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 (NASDAQ:MRVL) last announced its quarterly 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 during the quarter, compared to analyst estimates of $2.41 billion. Marvell Technology had a return on equity of 14.22% and a net margin of 32.58%.The firm’s revenue was up 27.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.62 earnings per share. Marvell Technology has set its Q2 2027 guidance at 0.880-0.980 EPS. Analysts predict that Marvell Technology will post 3.04 EPS for the current year.

Insiders Place Their Bets

In other news, COO Chris Koopmans sold 10,000 shares of the business’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $162.76, for a total value of $1,627,600.00. Following the completion of the transaction, the chief operating officer owned 209,592 shares in the company, valued at $34,113,193.92. The trade was a 4.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sandeep Bharathi sold 66,892 shares of the stock in a transaction on Thursday, April 16th. The shares were sold at an average price of $130.35, for a total value of $8,719,372.20. Following the sale, the insider directly owned 55,199 shares in the company, valued at $7,195,189.65. This trade represents a 54.79% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders have sold 245,060 shares of company stock worth $29,901,072. 0.12% of the stock is owned by corporate insiders.

Institutional Trading of Marvell Technology

Large investors have recently made changes to their positions in the stock. Hilton Head Capital Partners LLC lifted its position in Marvell Technology by 978.3% during the first 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 purchased a new stake in Marvell Technology during the 4th quarter valued at $25,000. Laurel Wealth Advisors LLC purchased a new stake in Marvell Technology during the 4th quarter valued at $25,000. Cherry Tree Wealth Management LLC bought a new position in shares of Marvell Technology during the 4th quarter valued at $26,000. Finally, Pittenger & Anderson Inc. lifted its holdings in shares of Marvell Technology by 61.5% during the 1st quarter. Pittenger & Anderson Inc. now owns 315 shares of the semiconductor company’s stock valued at $31,000 after buying an additional 120 shares during the period. 83.51% of the stock is currently owned by institutional investors.

More Marvell Technology News

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

• Positive Sentiment: Benchmark Co. raised its price target on Marvell Technology (MRVL) to $275 from $130 and reiterated a buy rating, implying substantial upside if AI-driven growth continues. Benchmark Co. price target raise
• Positive Sentiment: Stifel Nicolaus lifted its target to $230 and maintained a buy rating, adding to the bullish analyst momentum behind the stock. Stifel price target raise
• Positive Sentiment: UBS and Citi also raised targets to $230 and $225, respectively, reinforcing confidence that Marvell’s AI networking and custom-compute growth story remains intact. UBS target raise
• Positive Sentiment: Marvell’s Q2 guidance topped Wall Street expectations, with revenue projected at $2.6 billion to $2.8 billion, helping support the stock despite some premarket volatility. Q1 earnings release
• Neutral Sentiment: Short-interest data showed no meaningful change in shares outstanding, offering little new information for investors.
• Negative Sentiment: Despite the strong results and higher forecasts, the stock has seen some post-earnings pullback as investors digest high expectations after a sharp rally in recent months.

Marvell Technology Company Profile

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.