Marvell Technology (NASDAQ:MRVL) Stock Rating Upgraded by Summit Insights

Marvell Technology (NASDAQ:MRVL) was upgraded by analysts at Summit Insights from a “hold” rating to a “buy” rating in a research note issued on Wednesday, MarketBeat.com reports.

Several other equities analysts also recently commented on the company. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Marvell Technology in a research report on Wednesday, October 8th. Oppenheimer restated an “outperform” rating and issued a $150.00 price target (up from $115.00) on shares of Marvell Technology in a research note on Wednesday. Morgan Stanley boosted their target price on shares of Marvell Technology from $76.00 to $86.00 and gave the company an “equal weight” rating in a research report on Monday. Wall Street Zen upgraded Marvell Technology from a “hold” rating to a “buy” rating in a research note on Saturday, September 13th. Finally, The Goldman Sachs Group upped their target price on Marvell Technology from $80.00 to $90.00 and gave the company a “neutral” rating in a research report on Wednesday. Three research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and fourteen have given a Hold rating to the stock. Based on data from MarketBeat.com, Marvell Technology currently has a consensus rating of “Moderate Buy” and an average target price of $111.00.

Marvell Technology Stock 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 company has a current ratio of 1.88, a quick ratio of 1.44 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $84.65 billion, a P/E ratio of 34.45, a price-to-earnings-growth ratio of 1.20 and a beta of 1.93. The firm’s fifty day moving average price is $87.44 and its two-hundred day moving average price is $76.92.

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

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

Insiders Place Their Bets

In related news, CEO Matthew J. Murphy purchased 13,600 shares of the firm’s stock in a transaction that occurred on Thursday, September 25th. The shares were bought at an average cost of $77.09 per share, with a total value of $1,048,424.00. Following the acquisition, the chief executive officer owned 268,637 shares of the company’s stock, valued at $20,709,226.33. This trade represents a 5.33% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Chris Koopmans acquired 6,800 shares of the stock in a transaction that occurred on Thursday, September 25th. The shares were bought at an average price of $78.03 per share, with a total value of $530,604.00. Following the completion of the transaction, the chief operating officer owned 104,825 shares in the company, valued at $8,179,494.75. This represents a 6.94% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought a total of 27,200 shares of company stock worth $2,109,632 in the last ninety days. Insiders own 0.19% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Harbour Investments Inc. boosted its holdings in shares of Marvell Technology by 48.1% during the 1st quarter. Harbour Investments Inc. now owns 3,062 shares of the semiconductor company’s stock valued at $189,000 after acquiring an additional 994 shares in the last quarter. PNC Financial Services Group Inc. raised its position in Marvell Technology by 4.3% in the first quarter. PNC Financial Services Group Inc. now owns 80,503 shares of the semiconductor company’s stock valued at $4,957,000 after purchasing an additional 3,336 shares during the last quarter. Scotia Capital Inc. raised its position in Marvell Technology by 4.0% in the first quarter. Scotia Capital Inc. now owns 51,413 shares of the semiconductor company’s stock valued at $3,166,000 after purchasing an additional 1,988 shares during the last quarter. Thoroughbred Financial Services LLC boosted its stake in shares of Marvell Technology by 27.0% during the first quarter. Thoroughbred Financial Services LLC now owns 15,624 shares of the semiconductor company’s stock valued at $961,000 after purchasing an additional 3,320 shares in the last quarter. Finally, Atria Wealth Solutions Inc. grew its holdings in shares of Marvell Technology by 9.2% during the first quarter. Atria Wealth Solutions Inc. now owns 48,258 shares of the semiconductor company’s stock worth $2,971,000 after purchasing an additional 4,068 shares during the last quarter. 83.51% of the stock is currently owned by institutional investors and hedge funds.

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.