Marvell Technology (NASDAQ:MRVL) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Marvell Technology (NASDAQ:MRVL) had its price target boosted by JPMorgan Chase & Co. from $120.00 to $130.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the semiconductor company’s stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 32.40% from the company’s current price.

MRVL has been the subject of several other reports. B. Riley reiterated a “buy” rating and issued a $130.00 price objective (up from $100.00) on shares of Marvell Technology in a research report on Wednesday. Oppenheimer reaffirmed an “outperform” rating and issued a $150.00 price target (up previously from $115.00) on shares of Marvell Technology in a research note on Wednesday. Evercore ISI raised their price objective on Marvell Technology from $122.00 to $156.00 and gave the stock an “outperform” rating in a research report on Wednesday. Rosenblatt Securities restated a “buy” rating and issued a $95.00 price objective on shares of Marvell Technology in a report on Monday. Finally, Bank of America reaffirmed a “neutral” rating and set a $78.00 target price (down previously from $90.00) on shares of Marvell Technology in a research note on Friday, August 29th. Three analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and fourteen have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $111.00.

Marvell Technology Price Performance

Marvell Technology stock opened at $98.19 on Wednesday. Marvell Technology has a 12-month low of $47.08 and a 12-month high of $127.48. The stock has a market cap of $84.65 billion, a P/E ratio of 34.45, a PEG ratio of 1.20 and a beta of 1.93. The company has a 50-day moving average price of $87.44 and a 200 day moving average price of $76.92. The company has a current ratio of 1.88, a quick ratio of 1.44 and a debt-to-equity ratio of 0.30.

Marvell Technology (NASDAQ:MRVL) last posted its earnings results on Tuesday, December 2nd. The semiconductor company reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.02. The company had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.06 billion. Marvell Technology had a net margin of 31.75% and a return on equity of 13.31%. Marvell Technology’s revenue was up 36.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.43 EPS. Marvell Technology has set its Q4 2026 guidance at 0.740-0.840 EPS. Sell-side analysts anticipate that Marvell Technology will post 0.91 earnings per share for the current year.

Marvell Technology announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, September 24th that authorizes the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization authorizes the semiconductor company to repurchase up to 7.8% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

Insider Buying and Selling

In related news, insider Sandeep Bharathi acquired 3,400 shares of the firm’s stock in a transaction dated Thursday, September 25th. The stock was acquired at an average price of $78.03 per share, for a total transaction of $265,302.00. Following the purchase, the insider owned 73,392 shares of the company’s stock, valued at $5,726,777.76. This represents a 4.86% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Willem A. Meintjes acquired 3,400 shares of the stock in a transaction dated 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 completion of the transaction, the chief financial officer owned 132,159 shares of the company’s stock, valued at approximately $10,312,366.77. This represents a 2.64% increase in their position. The SEC filing for this purchase provides additional information. In the last ninety days, insiders have bought 27,200 shares of company stock valued at $2,109,632. 0.19% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Game Plan Financial Advisors LLC acquired a new stake in shares of Marvell Technology in the 2nd quarter valued at $27,000. Atlantic Edge Private Wealth Management LLC increased its holdings in Marvell Technology by 160.0% in the third quarter. Atlantic Edge Private Wealth Management LLC now owns 325 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 200 shares during the last quarter. Kiker Wealth Management LLC raised its stake in Marvell Technology by 374.7% in the second quarter. Kiker Wealth Management LLC now owns 356 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 281 shares in the last quarter. Nova Wealth Management Inc. lifted its holdings in Marvell Technology by 3,922.2% during the 3rd quarter. Nova Wealth Management Inc. now owns 362 shares of the semiconductor company’s stock worth $30,000 after buying an additional 353 shares during the last quarter. Finally, Westside Investment Management Inc. increased its holdings in shares of Marvell Technology by 62.5% in the 2nd quarter. Westside Investment Management Inc. now owns 416 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 160 shares during the last quarter. Institutional investors and hedge funds 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.