Marvell Technology’s (MRVL) “Buy” Rating Reiterated at Citigroup

Citigroup restated their buy rating on shares of Marvell Technology (NASDAQ:MRVL) in a research note issued to investors on Friday morning,Benzinga reports. The firm currently has a $114.00 price objective on the semiconductor company’s stock.

Several other brokerages have also commented on MRVL. JPMorgan Chase & Co. boosted their price objective on Marvell Technology from $120.00 to $130.00 and gave the stock an “overweight” rating in a report on Wednesday, December 3rd. Wells Fargo & Company boosted their price target on shares of Marvell Technology from $90.00 to $135.00 and gave the stock an “overweight” rating in a research note on Wednesday. Hsbc Global Res upgraded shares of Marvell Technology to a “hold” rating in a research report on Monday, November 24th. Bank of America reiterated a “neutral” rating and issued a $78.00 target price (down from $90.00) on shares of Marvell Technology in a research report on Friday, August 29th. Finally, Stifel Nicolaus raised their price target on Marvell Technology from $95.00 to $114.00 and gave the company a “buy” rating in a research report on Wednesday. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and fourteen have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $111.56.

Marvell Technology Stock Up 0.7%

MRVL opened at $98.91 on Friday. The firm has a market capitalization of $83.89 billion, a P/E ratio of 34.71, a price-to-earnings-growth ratio of 0.96 and a beta of 1.93. Marvell Technology has a one year low of $47.08 and a one year high of $127.48. The company has a fifty day moving average price of $87.75 and a 200-day moving average price of $77.40. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.01 and a quick ratio of 1.64.

Marvell Technology (NASDAQ:MRVL) last issued its quarterly earnings data 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 13.15% and a net margin of 31.75%.The company had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $2.06 billion. During the same quarter last year, the business posted $0.43 earnings per share. The firm’s revenue 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. Equities research analysts expect that Marvell Technology will post 0.91 earnings per share for the current fiscal year.

Marvell Technology declared that its Board of Directors has initiated a stock 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 reacquire up to 7.8% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

Marvell Technology Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 30th. Investors of record on Friday, October 10th were issued a dividend of $0.06 per share. The ex-dividend date was Friday, October 10th. This represents a $0.24 annualized dividend and a yield of 0.2%. Marvell Technology’s dividend payout ratio is currently 8.42%.

Insider Activity

In other Marvell Technology news, CEO Matthew J. Murphy purchased 13,600 shares of Marvell Technology stock in a transaction that occurred on Thursday, September 25th. The shares were bought at an average price of $77.09 per share, for a total transaction of $1,048,424.00. Following the acquisition, the chief executive officer directly owned 268,637 shares in the company, valued at approximately $20,709,226.33. This trade represents a 5.33% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Sandeep Bharathi purchased 3,400 shares of the stock in a transaction on Thursday, September 25th. The shares were acquired 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 in the company, valued at $5,726,777.76. The trade was a 4.86% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last quarter, insiders have purchased 27,200 shares of company stock valued at $2,109,632. 0.33% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Marvell Technology

Several hedge funds have recently made changes to their positions in MRVL. Game Plan Financial Advisors LLC bought a new stake in Marvell Technology in the second quarter valued at $27,000. Atlantic Edge Private Wealth Management LLC lifted its position in shares of Marvell Technology by 160.0% in the 3rd quarter. Atlantic Edge Private Wealth Management LLC now owns 325 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 200 shares during the period. Kiker Wealth Management LLC boosted its stake in shares of Marvell Technology by 374.7% during the 2nd quarter. Kiker Wealth Management LLC now owns 356 shares of the semiconductor company’s stock valued at $28,000 after purchasing an additional 281 shares in the last quarter. Nova Wealth Management Inc. boosted its stake in shares of Marvell Technology by 3,922.2% during the 3rd quarter. Nova Wealth Management Inc. now owns 362 shares of the semiconductor company’s stock valued at $30,000 after purchasing an additional 353 shares in the last quarter. Finally, Westside Investment Management Inc. boosted its stake in shares of Marvell Technology by 62.5% during the 2nd quarter. Westside Investment Management Inc. now owns 416 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 160 shares in the last quarter. 83.51% of the stock is owned by hedge funds and other 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.