Zacks Research Issues Positive Estimate for MRVL Earnings

Marvell Technology, Inc. (NASDAQ:MRVL) – Analysts at Zacks Research lifted their Q1 2027 earnings per share (EPS) estimates for Marvell Technology in a research note issued to investors on Wednesday, March 19th. Zacks Research analyst R. Department now expects that the semiconductor company will earn $0.63 per share for the quarter, up from their prior forecast of $0.58. The consensus estimate for Marvell Technology’s current full-year earnings is $0.91 per share. Zacks Research also issued estimates for Marvell Technology’s Q2 2027 earnings at $0.64 EPS, Q3 2027 earnings at $0.73 EPS and FY2028 earnings at $3.49 EPS.

Several other analysts also recently commented on the stock. B. Riley raised their price objective on shares of Marvell Technology from $105.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. StockNews.com upgraded Marvell Technology from a “sell” rating to a “hold” rating in a research report on Thursday, January 9th. Raymond James set a $110.00 target price on Marvell Technology in a research note on Thursday, March 6th. Evercore ISI upped their price target on Marvell Technology from $98.00 to $122.00 and gave the stock an “outperform” rating in a research note on Monday, December 2nd. Finally, Rosenblatt Securities restated a “buy” rating and set a $140.00 target price on shares of Marvell Technology in a research report on Thursday, March 6th. Three analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $120.44.

Marvell Technology Trading Up 1.0 %

Marvell Technology stock opened at $70.49 on Friday. The company has a current ratio of 1.60, a quick ratio of 1.11 and a debt-to-equity ratio of 0.30. Marvell Technology has a 12-month low of $53.19 and a 12-month high of $127.48. The firm has a market capitalization of $61.05 billion, a price-to-earnings ratio of -41.46, a P/E/G ratio of 1.61 and a beta of 1.42. The firm has a 50 day moving average of $99.94 and a 200 day moving average of $93.56.

Hedge Funds Weigh In On Marvell Technology

A number of hedge funds and other institutional investors have recently bought and sold shares of MRVL. Zweig DiMenna Associates LLC grew its holdings in Marvell Technology by 6.3% during the 4th quarter. Zweig DiMenna Associates LLC now owns 213,521 shares of the semiconductor company’s stock worth $23,583,000 after acquiring an additional 12,700 shares in the last quarter. Berbice Capital Management LLC purchased a new position in Marvell Technology in the fourth quarter valued at approximately $637,000. RFG Advisory LLC boosted its holdings in shares of Marvell Technology by 6.2% in the 4th quarter. RFG Advisory LLC now owns 42,621 shares of the semiconductor company’s stock valued at $4,708,000 after buying an additional 2,507 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Marvell Technology by 2.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,261,887 shares of the semiconductor company’s stock valued at $235,247,000 after buying an additional 66,654 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. lifted its position in Marvell Technology by 23.0% in the third quarter. Nomura Asset Management Co. Ltd. now owns 2,862,151 shares of the semiconductor company’s stock valued at $206,418,000 after acquiring an additional 535,203 shares during the last quarter. 83.51% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Marvell Technology

In other Marvell Technology news, CFO Willem A. Meintjes sold 1,500 shares of Marvell Technology stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $118.33, for a total value of $177,495.00. Following the sale, the chief financial officer now owns 111,211 shares in the company, valued at $13,159,597.63. The trade was a 1.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Mark Casper sold 2,500 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $113.00, for a total value of $282,500.00. Following the sale, the executive vice president now directly owns 24,706 shares of the company’s stock, valued at $2,791,778. The trade was a 9.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 37,685 shares of company stock valued at $4,026,768. 0.33% of the stock is currently owned by insiders.

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.