Benchmark Forecasts Strong Price Appreciation for Marvell Technology (NASDAQ:MRVL) Stock

Marvell Technology (NASDAQ:MRVL) had its price target lifted by research analysts at Benchmark from $95.00 to $130.00 in a report released on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the semiconductor company’s stock. Benchmark’s price target indicates a potential upside of 32.40% from the stock’s current price.

Other analysts also recently issued research reports about the company. Hsbc Global Res upgraded Marvell Technology to a “hold” rating in a report on Monday, November 24th. Cowen lowered shares of Marvell Technology from a “buy” rating to a “hold” rating in a report on Tuesday, September 30th. Zacks Research upgraded shares of Marvell Technology from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 24th. Deutsche Bank Aktiengesellschaft raised their target price on Marvell Technology from $90.00 to $125.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Raymond James Financial started coverage on Marvell Technology in a report on Thursday, November 20th. They set a “strong-buy” rating and a $121.00 price target on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and fourteen have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $111.00.

Marvell Technology Price Performance

NASDAQ MRVL opened at $98.19 on Wednesday. Marvell Technology has a 1 year low of $47.08 and a 1 year high of $127.48. The business’s fifty day moving average is $87.44 and its two-hundred day moving average is $76.92. The stock has a market capitalization of $84.65 billion, a P/E ratio of 34.45, a P/E/G ratio of 1.20 and a beta of 1.93. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.44 and a current ratio of 1.88.

Marvell Technology (NASDAQ:MRVL) last issued its earnings results on Tuesday, December 2nd. The semiconductor company reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.02. Marvell Technology had a return on equity of 13.31% and a net margin of 31.75%.The business had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $2.06 billion. During the same period in the previous year, the firm posted $0.43 EPS. The company’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, research analysts forecast that Marvell Technology will post 0.91 earnings per share for the current fiscal year.

Marvell Technology declared that its board has approved a share repurchase program on Wednesday, September 24th that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the semiconductor company to buy up to 7.8% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

Insider Buying and Selling

In related news, CFO Willem A. Meintjes purchased 3,400 shares of the firm’s stock in a transaction dated Thursday, September 25th. The stock was bought at an average price of $78.03 per share, for a total transaction of $265,302.00. Following the purchase, the chief financial officer owned 132,159 shares in the company, valued at $10,312,366.77. The trade was a 2.64% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Sandeep Bharathi bought 3,400 shares of the firm’s stock in a transaction on Thursday, September 25th. The shares were bought at an average cost of $78.03 per share, with a total value of $265,302.00. Following the transaction, the insider directly owned 73,392 shares of the company’s stock, valued at approximately $5,726,777.76. This trade represents a 4.86% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last 90 days, insiders have purchased 27,200 shares of company stock worth $2,109,632. Insiders own 0.19% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Marvell Technology by 23.5% in the third quarter. Vanguard Group Inc. now owns 79,610,208 shares of the semiconductor company’s stock valued at $6,692,830,000 after purchasing an additional 15,166,976 shares during the last quarter. State Street Corp lifted its position in shares of Marvell Technology by 2.8% during the 3rd quarter. State Street Corp now owns 21,157,092 shares of the semiconductor company’s stock worth $1,778,677,000 after purchasing an additional 583,832 shares during the last quarter. Brown Advisory Inc. boosted its stake in Marvell Technology by 8.0% during the 2nd quarter. Brown Advisory Inc. now owns 20,840,336 shares of the semiconductor company’s stock valued at $1,613,044,000 after purchasing an additional 1,539,809 shares during the period. Goldman Sachs Group Inc. grew its holdings in Marvell Technology by 32.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 20,661,308 shares of the semiconductor company’s stock valued at $1,272,117,000 after buying an additional 5,050,159 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its position in Marvell Technology by 59.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 16,624,827 shares of the semiconductor company’s stock worth $1,397,751,000 after buying an additional 6,217,952 shares during the period. Institutional investors and hedge funds own 83.51% of the company’s stock.

Marvell Technology Company Profile

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.