Q2 EPS Estimate for Marvell Technology Reduced by Analyst

Marvell Technology, Inc. (NASDAQ:MRVL) – Zacks Research decreased their Q2 2027 earnings estimates for Marvell Technology in a report issued on Wednesday, June 10th. Zacks Research analyst Team now anticipates that the semiconductor company will post earnings per share of $0.64 for the quarter, down from their prior forecast of $0.69. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Marvell Technology’s current full-year earnings is $3.07 per share. Zacks Research also issued estimates for Marvell Technology’s Q3 2027 earnings at $0.73 EPS, Q4 2027 earnings at $0.86 EPS, FY2027 earnings at $2.82 EPS, Q1 2028 earnings at $0.95 EPS, Q2 2028 earnings at $1.07 EPS, Q3 2028 earnings at $1.29 EPS, Q4 2028 earnings at $1.53 EPS, FY2028 earnings at $4.85 EPS, Q1 2029 earnings at $1.51 EPS and FY2029 earnings at $7.01 EPS.

Marvell Technology (NASDAQ:MRVL) last announced its quarterly earnings data on Wednesday, May 27th. The semiconductor company reported $0.80 EPS for the quarter, hitting the consensus estimate of $0.80. Marvell Technology had a net margin of 28.99% and a return on equity of 13.83%. The business had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.41 billion. During the same quarter in the previous year, the firm posted $0.62 earnings per share. The company’s revenue for the quarter was up 27.6% on a year-over-year basis. Marvell Technology has set its Q2 2027 guidance at 0.880-0.980 EPS.

Several other equities research analysts have also issued reports on the stock. Bank of America raised their price target on shares of Marvell Technology from $200.00 to $240.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. Royal Bank Of Canada raised their price target on shares of Marvell Technology from $170.00 to $200.00 and gave the stock an “outperform” rating in a research note on Thursday, May 14th. Citigroup boosted their price target on shares of Marvell Technology from $118.00 to $215.00 and gave the company a “buy” rating in a research report on Tuesday, May 26th. Melius Research set a $220.00 price target on shares of Marvell Technology in a research report on Monday, May 18th. Finally, KGI Securities raised shares of Marvell Technology from a “neutral” rating to an “outperform” rating and set a $110.00 price target on the stock in a research report on Friday, March 6th. Two research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $224.68.

Marvell Technology Stock Performance

Shares of MRVL stock opened at $279.70 on Monday. The company has a 50 day moving average of $182.49 and a 200-day moving average of $119.60. The company has a quick ratio of 2.66, a current ratio of 3.28 and a debt-to-equity ratio of 0.27. Marvell Technology has a 12-month low of $61.44 and a 12-month high of $324.20. The firm has a market cap of $244.68 billion, a P/E ratio of 95.79, a PEG ratio of 1.83 and a beta of 2.29.

Institutional Trading of Marvell Technology

A number of hedge funds and other institutional investors have recently bought and sold shares of MRVL. Vanguard Group Inc. increased its holdings in Marvell Technology by 23.5% during the 3rd quarter. Vanguard Group Inc. now owns 79,610,208 shares of the semiconductor company’s stock worth $6,692,830,000 after acquiring an additional 15,166,976 shares during the period. Norges Bank bought a new stake in Marvell Technology during the 4th quarter worth approximately $895,455,000. Ameriprise Financial Inc. increased its holdings in Marvell Technology by 59.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 16,624,827 shares of the semiconductor company’s stock worth $1,397,751,000 after acquiring an additional 6,217,952 shares during the period. Franklin Resources Inc. increased its holdings in Marvell Technology by 47.0% during the 3rd quarter. Franklin Resources Inc. now owns 11,903,051 shares of the semiconductor company’s stock worth $1,000,689,000 after acquiring an additional 3,805,431 shares during the period. Finally, Rafferty Asset Management LLC increased its holdings in Marvell Technology by 111.0% during the 2nd quarter. Rafferty Asset Management LLC now owns 5,810,359 shares of the semiconductor company’s stock worth $449,722,000 after acquiring an additional 3,056,808 shares during the period. Institutional investors own 83.51% of the company’s stock.

Insider Buying and Selling

In other news, CEO Matthew J. Murphy sold 7,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $177.26, for a total value of $1,329,450.00. Following the sale, the chief executive officer owned 739,397 shares of the company’s stock, valued at $131,065,512.22. The trade was a 1.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Chris Koopmans sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $205.87, for a total transaction of $2,058,700.00. Following the completion of the sale, the chief operating officer directly owned 237,392 shares in the company, valued at approximately $48,871,891.04. This trade represents a 4.04% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 255,060 shares of company stock valued at $31,959,772. Corporate insiders own 0.12% of the company’s stock.

Marvell Technology Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Friday, April 10th were given a $0.06 dividend. The ex-dividend date of this dividend was Friday, April 10th. This represents a $0.24 annualized dividend and a dividend yield of 0.1%. Marvell Technology’s payout ratio is 8.22%.

Marvell Technology News Summary

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

• Positive Sentiment: Marvell is set to join the S&P 500 on June 22, a move that can drive automatic buying from index funds and reinforce investor confidence in the company’s scale and profitability.
• Positive Sentiment: B. Riley raised its price target on Marvell to $345 and maintained a buy rating, signaling continued upside expectations for the AI-driven semiconductor business.
• Positive Sentiment: Erste Group lifted its FY2027 and FY2028 earnings estimates, reflecting higher expectations for Marvell’s long-term AI infrastructure growth.
• Positive Sentiment: Marvell’s appointment of Dan Durn as CFO, along with the company’s reaffirmed outlook, suggests management sees a stable transition while it continues pushing its AI growth strategy. Article: Marvell Taps Adobe CFO as AI Growth Push Continues
• Neutral Sentiment: Coverage across financial media continues to highlight Marvell as a major AI infrastructure name, which keeps the stock in focus but does not by itself change fundamentals.
• Neutral Sentiment: Some commentary notes that the stock has run up sharply and is trading at a premium valuation, which could lead to more volatility if expectations get too high.
• Negative Sentiment: Rosenblatt reaffirmed a buy rating but kept a $240 price target, which is below the current trading level and suggests some analysts see limited near-term upside from here.

About Marvell Technology

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.