Rosenblatt Securities Reiterates “Buy” Rating for Marvell Technology (NASDAQ:MRVL)

Marvell Technology (NASDAQ:MRVL)‘s stock had its “buy” rating reiterated by analysts at Rosenblatt Securities in a research report issued on Monday,Benzinga reports. They presently have a $95.00 price objective on the semiconductor company’s stock. Rosenblatt Securities’ target price points to a potential upside of 2.27% from the stock’s previous close.

Several other research analysts have also recently commented on the stock. Benchmark reaffirmed a “buy” rating and set a $95.00 target price on shares of Marvell Technology in a report on Friday, August 29th. Needham & Company LLC raised their price objective on Marvell Technology from $80.00 to $95.00 and gave the stock a “buy” rating in a research note on Thursday, September 25th. Hsbc Global Res raised Marvell Technology to a “hold” rating in a report on Monday, November 24th. Oppenheimer upped their target price on Marvell Technology from $95.00 to $115.00 and gave the company an “outperform” rating in a research report on Friday, October 10th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Marvell Technology from $80.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, September 25th. Three analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and fifteen have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $94.72.

Marvell Technology Stock Up 2.0%

MRVL stock opened at $92.89 on Monday. Marvell Technology has a fifty-two week low of $47.08 and a fifty-two week high of $127.48. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.88 and a quick ratio of 1.44. The stock has a market capitalization of $80.08 billion, a price-to-earnings ratio of -714.54, a PEG ratio of 1.10 and a beta of 1.95. The business’s fifty day moving average price is $86.75 and its two-hundred day moving average price is $76.61.

Marvell Technology (NASDAQ:MRVL) last announced its earnings results on Tuesday, December 2nd. The semiconductor company reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. Marvell Technology had a negative net margin of 1.43% and a positive return on equity of 11.01%. The company had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $2.06 billion. During the same quarter in the previous year, the business posted $0.43 earnings per share. Marvell Technology’s quarterly revenue was up 36.8% on a year-over-year basis. Marvell Technology has set its Q4 2026 guidance at 0.740-0.840 EPS. On average, equities analysts anticipate that Marvell Technology will post 0.91 earnings per share for the current year.

Marvell Technology declared that its board has initiated a share buyback program on Wednesday, September 24th that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the semiconductor company to repurchase up to 7.8% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

Insider Activity at Marvell Technology

In related news, COO Chris Koopmans bought 6,800 shares of the business’s stock in a transaction on Thursday, September 25th. The shares were purchased at an average price of $78.03 per share, for a total transaction of $530,604.00. Following the completion of the transaction, the chief operating officer directly owned 104,825 shares of the company’s stock, valued at approximately $8,179,494.75. This represents a 6.94% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, insider Sandeep Bharathi purchased 3,400 shares of the stock in a transaction dated Thursday, September 25th. The shares were bought at an average price of $78.03 per share, with a total value of $265,302.00. Following the completion of the acquisition, the insider directly owned 73,392 shares of the company’s stock, valued at approximately $5,726,777.76. This represents a 4.86% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders acquired 27,200 shares of company stock worth $2,109,632 in the last 90 days. 0.19% of the stock is currently owned by company insiders.

Institutional Trading of Marvell Technology

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Swiss Life Asset Management Ltd increased its stake in shares of Marvell Technology by 16.3% in the third quarter. Swiss Life Asset Management Ltd now owns 144,680 shares of the semiconductor company’s stock valued at $12,163,000 after buying an additional 20,331 shares during the period. KERR FINANCIAL PLANNING Corp bought a new stake in Marvell Technology during the 3rd quarter worth approximately $429,000. Kimelman & Baird LLC increased its position in Marvell Technology by 207.1% in the 3rd quarter. Kimelman & Baird LLC now owns 246,641 shares of the semiconductor company’s stock valued at $20,735,000 after acquiring an additional 166,326 shares during the period. CIBC Bancorp USA Inc. acquired a new position in Marvell Technology in the 3rd quarter valued at approximately $5,253,000. Finally, Old North State Trust LLC raised its stake in shares of Marvell Technology by 74.3% during the third quarter. Old North State Trust LLC now owns 5,001 shares of the semiconductor company’s stock valued at $420,000 after acquiring an additional 2,132 shares during the last quarter. 83.51% of the stock is currently owned by 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.