TD Cowen Forecasts Strong Price Appreciation for Marvell Technology (NASDAQ:MRVL) Stock

Marvell Technology (NASDAQ:MRVL) had its target price upped by research analysts at TD Cowen from $90.00 to $100.00 in a research note issued on Wednesday, MarketBeat Ratings reports. The brokerage currently has a “hold” rating on the semiconductor company’s stock. TD Cowen’s price objective would indicate a potential upside of 1.84% from the company’s previous close.

MRVL has been the topic of several other reports. HSBC assumed coverage on Marvell Technology in a research report on Monday, November 24th. They set a “hold” rating and a $85.00 price target on the stock. Oppenheimer restated an “outperform” rating and set a $150.00 target price (up previously from $115.00) on shares of Marvell Technology in a report on Wednesday. Barclays increased their price target on shares of Marvell Technology from $80.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Susquehanna lifted their price target on shares of Marvell Technology from $80.00 to $100.00 and gave the company a “positive” rating in a research report on Tuesday, November 25th. Finally, Jefferies Financial Group cut their price objective on shares of Marvell Technology from $90.00 to $80.00 and set a “buy” rating on the stock in a report on Friday, August 29th. Three research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and fourteen have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $111.00.

Marvell Technology Price Performance

Shares of 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 stock has a market capitalization of $84.65 billion, a P/E ratio of 34.45, a P/E/G ratio of 1.20 and a beta of 1.93. The company’s 50-day moving average is $87.44 and its 200 day moving average is $76.92. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.88 and a quick ratio of 1.44.

Marvell Technology (NASDAQ:MRVL) last issued its quarterly earnings data on Tuesday, December 2nd. The semiconductor company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.74 by $0.02. Marvell Technology had a net margin of 31.75% and a return on equity of 13.31%. The business had revenue of $2.07 billion during the quarter, compared to analyst estimates of $2.06 billion. During the same period last year, the business posted $0.43 earnings per share. Marvell Technology’s quarterly 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. On average, sell-side analysts expect that Marvell Technology will post 0.91 earnings per share for the current 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 shares. This repurchase authorization permits the semiconductor company to purchase up to 7.8% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

Insider Activity

In other Marvell Technology news, CEO Matthew J. Murphy acquired 13,600 shares of the stock in a transaction that occurred on Thursday, September 25th. The shares were acquired at an average cost of $77.09 per share, with a total value of $1,048,424.00. Following the transaction, the chief executive officer owned 268,637 shares of the company’s stock, valued at $20,709,226.33. The trade was a 5.33% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Sandeep Bharathi bought 3,400 shares of Marvell Technology stock in a transaction on Thursday, September 25th. The stock was acquired at an average cost of $78.03 per share, with a total value of $265,302.00. Following the acquisition, the insider owned 73,392 shares in the company, valued at approximately $5,726,777.76. This represents a 4.86% increase in their position. The SEC filing for this purchase provides additional information. In the last three months, insiders have bought 27,200 shares of company stock worth $2,109,632. Corporate insiders own 0.19% of the company’s stock.

Institutional Investors Weigh In On Marvell Technology

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

Marvell Technology Company Profile

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.