Marvell Technology (NASDAQ:MRVL) Stock Price Target Raised at Cantor Fitzgerald

Marvell Technology (NASDAQ:MRVL) had its target price lifted by Cantor Fitzgerald from $330.00 to $350.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm currently has a “neutral” rating on the semiconductor company’s stock. Cantor Fitzgerald’s price objective indicates a potential upside of 21.95% from the stock’s current price.

Several other brokerages also recently weighed in on MRVL. HC Wainwright restated a “buy” rating on shares of Marvell Technology in a research note on Tuesday, August 25th. The Goldman Sachs Group set a $220.00 price target on Marvell Technology in a report on Friday, August 28th. KeyCorp restated an “overweight” rating on shares of Marvell Technology in a research note on Friday, August 28th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $360.00 target price on shares of Marvell Technology in a research report on Monday, September 28th. Finally, TD Cowen upgraded Marvell Technology from a “hold” rating to a “buy” rating in a research note on Wednesday. Two analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $294.59.

Marvell Technology Price Performance

MRVL stock opened at $287.01 on Wednesday. The stock has a market capitalization of $251.68 billion, a price-to-earnings ratio of 94.72, a price-to-earnings-growth ratio of 2.62 and a beta of 2.26. The company has a quick ratio of 2.62, a current ratio of 3.17 and a debt-to-equity ratio of 0.27. Marvell Technology has a 52-week low of $70.68 and a 52-week high of $329.88. The stock’s fifty day simple moving average is $231.21 and its 200-day simple moving average is $207.54.

Marvell Technology (NASDAQ:MRVL) last released its earnings results on Thursday, August 27th. The semiconductor company reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.01. The firm had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.72 billion. Marvell Technology had a net margin of 27.93% and a return on equity of 13.57%. Marvell Technology’s revenue was up 36.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.67 earnings per share. Marvell Technology has set its Q3 2027 guidance at 1.050-1.150 EPS. Equities research analysts expect that Marvell Technology will post 3.05 EPS for the current year.

Insider Activity at Marvell Technology

In other news, CEO Matthew Murphy sold 7,500 shares of the company’s stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $223.39, for a total value of $1,675,425.00. Following the completion of the sale, the chief executive officer owned 775,686 shares in the company, valued at $173,280,495.54. This represents a 0.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Chris Koopmans sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $180.50, for a total transaction of $1,805,000.00. Following the sale, the chief operating officer owned 227,941 shares of the company’s stock, valued at $41,143,350.50. The trade was a 4.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 45,000 shares of company stock valued at $9,904,225 over the last quarter. Insiders own 0.12% of the company’s stock.

Hedge Funds Weigh In On Marvell Technology

Institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. lifted its stake in shares of Marvell Technology by 34.1% in the 2nd quarter. BlackRock Inc. now owns 85,641,174 shares of the semiconductor company’s stock valued at $25,511,649,000 after purchasing an additional 21,798,190 shares during the last quarter. State Street Corp increased its position in Marvell Technology by 79.3% during the second quarter. State Street Corp now owns 41,834,272 shares of the semiconductor company’s stock worth $12,462,011,000 after buying an additional 18,495,866 shares during the last quarter. Bank of America Corp DE bought a new position in Marvell Technology during the second quarter valued at about $2,607,795,000. Legal & General Group Plc acquired a new stake in shares of Marvell Technology in the second quarter worth about $1,742,526,000. Finally, Bank of New York Mellon Corp boosted its stake in shares of Marvell Technology by 153.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 7,957,985 shares of the semiconductor company’s stock worth $2,370,604,000 after acquiring an additional 4,815,725 shares in the last quarter. 83.51% of the stock is currently owned by hedge funds and other institutional investors.

Marvell Technology News Roundup

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

• Positive Sentiment: Marvell raised its fiscal 2028 revenue target to approximately $20 billion, up from $18 billion previously and above the roughly $18.2 billion analyst consensus. Management attributed the increase to strong demand for AI data-center infrastructure and accelerating custom-chip activity. Marvell Lifts Its Sales Outlook on Strong AI Demand
• Positive Sentiment: The company forecast fiscal 2031 revenue of $70 billion to $90 billion, with the $80 billion midpoint substantially above Wall Street’s prior estimate of approximately $46.85 billion. The outlook implies significant expansion in adjusted operating profit if Marvell reaches its targeted margins. Marvell shares jump as AI chip demand drives bullish revenue outlook
• Positive Sentiment: Analysts responded favorably: Evercore ISI raised its price target to $433 and maintained a Buy rating, while Raymond James also reiterated its Buy rating. Citi kept its Buy rating but left its target at $275, indicating that analyst views remain broadly bullish but valuation expectations vary. Marvell Target Raised to $433
• Neutral Sentiment: Fiscal 2027 revenue guidance of $12 billion matched consensus, suggesting the most powerful catalyst is the company’s longer-term AI growth opportunity rather than a near-term estimate revision. Marvell’s recent quarterly results also showed 36.5% year-over-year revenue growth and a modest EPS beat.
• Negative Sentiment: Investors face execution and valuation risks. Marvell’s shares trade at a high earnings multiple after a substantial year-to-date rally, while analysts have cited customer concentration and intense competition. Reported insider activity showed sales by several executives and no open-market purchases during the period reviewed. MRVL Stock Skyrockets: Should Investors Buy, Sell or Hold?

Marvell Technology Company Profile

Marvell Technology, Inc (NASDAQ: MRVL) is a fabless semiconductor company that develops technologies for data infrastructure. Its products are used to move, process, store and secure data across cloud data centers, enterprise networks, telecommunications systems, automotive platforms and other communications applications.

The company’s portfolio includes custom application-specific integrated circuits, data processing and networking solutions, Ethernet products, storage controllers, optical and electro-optical components, and connectivity technologies.