Marvell Technology (NASDAQ:MRVL) Raised to Buy at Melius Research

Marvell Technology (NASDAQ:MRVL) was upgraded by investment analysts at Melius Research from a “hold” rating to a “buy” rating in a report released on Monday, Marketbeat.com reports. The brokerage currently has a $135.00 price target on the semiconductor company’s stock. Melius Research’s price target points to a potential upside of 53.01% from the company’s current price.

MRVL has been the subject of several other research reports. Citigroup reissued a “buy” rating on shares of Marvell Technology in a research note on Monday, December 22nd. Cowen reissued a “hold” rating on shares of Marvell Technology in a research report on Wednesday, December 3rd. Benchmark restated a “hold” rating on shares of Marvell Technology in a research report on Tuesday, December 23rd. Evercore ISI lifted their target price on shares of Marvell Technology from $122.00 to $156.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 3rd. Finally, Jefferies Financial Group boosted their price target on Marvell Technology from $80.00 to $120.00 and gave the company a “buy” rating in a report on Wednesday, December 3rd. Four analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $115.25.

Marvell Technology Stock Down 2.2%

MRVL stock opened at $88.23 on Monday. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.01 and a quick ratio of 1.64. The company’s 50 day simple moving average is $87.85 and its 200-day simple moving average is $80.52. Marvell Technology has a 12 month low of $47.08 and a 12 month high of $127.48. The firm has a market capitalization of $74.83 billion, a PE ratio of 30.96, a P/E/G ratio of 0.87 and a beta of 1.95.

Marvell Technology (NASDAQ:MRVL) last announced its earnings results on Tuesday, December 2nd. The semiconductor company reported $0.76 EPS for the quarter, beating 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 firm had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $2.06 billion. During the same quarter in the prior year, the firm earned $0.43 EPS. 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. Equities analysts expect that Marvell Technology will post 0.91 earnings per share for the current fiscal year.

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

Insiders Place Their Bets

In other Marvell Technology news, EVP Mark Casper sold 1,253 shares of the business’s stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $101.00, for a total transaction of $126,553.00. Following the completion of the sale, the executive vice president directly owned 9,023 shares in the company, valued at $911,323. The trade was a 12.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.33% of the stock is currently owned by company insiders.

Institutional Trading of Marvell Technology

Institutional investors have recently added to or reduced their stakes in the business. Game Plan Financial Advisors LLC purchased a new stake in shares of Marvell Technology in the second quarter worth about $27,000. Atlantic Edge Private Wealth Management LLC boosted its holdings in 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 acquiring an additional 200 shares during the period. Kiker Wealth Management LLC raised its stake in shares of Marvell Technology by 374.7% during the second 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 during the period. Nova Wealth Management Inc. lifted its position in shares of Marvell Technology by 3,922.2% during the third quarter. Nova Wealth Management Inc. now owns 362 shares of the semiconductor company’s stock worth $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% in the second 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 during the period. 83.51% of the stock is owned by hedge funds and other institutional investors.

More Marvell Technology News

Here are the key news stories impacting Marvell Technology this week:

• Positive Sentiment: Melius Research upgraded MRVL to a Buy with a $135 price target, citing accelerating custom‑silicon demand and upside from AI/data‑center exposure. This increases buy‑side analyst momentum. Melius Sets $135 Target on Marvell (MRVL)
• Positive Sentiment: Analyst and trade commentaries argue MRVL remains well positioned in the AI data path and as a beneficiary of rising memory and data‑center spend — supporting a constructive medium‑term thesis. Marvell Technology: The AI Data Path Trade After GPU Excess
• Positive Sentiment: Zacks and other outlets highlight Marvell’s strong revenue growth, AI exposure and partnerships as valuation support, arguing the stock can justify a premium multiple. Is MRVL Stock a Buy, Sell or Hold at a P/S Multiple of 7.67X?
• Neutral Sentiment: Marvell announced it will acquire networking equipment provider XConn Technologies for about $540M to expand AI/data‑center connectivity — a strategic fit that beefs up hardware offerings. The deal is modest relative to Marvell’s market cap but adds capabilities. Marvell to buy networking equipment firm XConn in $540 million deal
• Negative Sentiment: Markets sold MRVL stock after the XConn announcement — investors may be taking profits, concerned about near‑term dilution/integration risk, or deeming the cash/outlay unnecessary given Marvell’s recent run. That reaction pushed shares lower and drove above‑average volume. Marvell stock falls after announcing XConn Technologies acquisition

Marvell Technology Company Profile

Marvell Technology Group is a global semiconductor company that designs and develops integrated circuits and related software for data infrastructure, networking, storage and connectivity markets. The company’s product portfolio includes system-on-chip (SoC) solutions, Ethernet physical-layer transceivers (PHYs), switch and switch silicon, optical interconnect components, storage controllers, and security processors. Marvell’s technology is used to enable high-performance data centers, carrier networks, enterprise and cloud storage, as well as connectivity in automotive and industrial applications.

Founded in 1995 and headquartered in Santa Clara, California, Marvell has grown through both organic development and strategic acquisitions to broaden its capabilities across networking and data interconnect.