Marvell Technology (NASDAQ:MRVL) Cut to “Hold” at TD Cowen

TD Cowen cut shares of Marvell Technology (NASDAQ:MRVL) from a buy rating to a hold rating in a research note issued to investors on Tuesday morning, Marketbeat Ratings reports. The brokerage currently has $175.00 target price on the semiconductor company’s stock, down from their previous target price of $350.00.

Other equities research analysts have also issued research reports about the company. Evercore reaffirmed an “outperform” rating and set a $433.00 price target on shares of Marvell Technology in a research report on Tuesday, October 6th. JPMorgan Chase & Co. lifted their price objective on Marvell Technology from $305.00 to $360.00 and gave the company an “overweight” rating in a report on Wednesday, October 7th. Cantor Fitzgerald boosted their price objective on Marvell Technology from $330.00 to $350.00 and gave the company a “neutral” rating in a research report on Wednesday, October 7th. Morgan Stanley increased their target price on Marvell Technology from $268.00 to $300.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 7th. Finally, HC Wainwright restated a “buy” rating on shares of Marvell Technology in a report on Tuesday, August 25th. Three analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, Marvell Technology presently has an average rating of “Moderate Buy” and a consensus price target of $300.85.

Marvell Technology Stock Performance

Shares of NASDAQ:MRVL opened at $133.55 on Tuesday. The company has a market capitalization of $117.11 billion, a price-to-earnings ratio of 44.08, a P/E/G ratio of 4.77 and a beta of 2.32. The firm’s 50 day simple moving average is $236.31 and its 200 day simple moving average is $183.92. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.17 and a quick ratio of 2.62. Marvell Technology has a fifty-two week low of $70.68 and a fifty-two week high of $329.88.

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

Marvell Technology Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 29th. Investors of record on Friday, October 9th were paid a $0.06 dividend. The ex-dividend date of this dividend was Friday, October 9th. This represents a $0.24 annualized dividend and a dividend yield of 0.2%. Marvell Technology’s dividend payout ratio (DPR) is currently 7.92%.

Insider Activity

In other Marvell Technology news, CAO Justin Scarpulla sold 1,100 shares of the stock in a transaction dated Thursday, October 8th. The shares were sold at an average price of $273.59, for a total value of $300,949.00. Following the transaction, the chief accounting officer directly owned 909 shares of the company’s stock, valued at $248,693.31. This represents a 54.75% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Sandeep Bharathi sold 3,685 shares of Marvell Technology stock in a transaction dated Friday, October 16th. The stock was sold at an average price of $234.97, for a total transaction of $865,864.45. Following the completion of the sale, the insider owned 58,748 shares of the company’s stock, valued at $13,804,017.56. This trade represents a 5.90% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders sold 57,285 shares of company stock worth $12,901,763. Insiders own 0.12% of the company’s stock.

Hedge Funds Weigh In On Marvell Technology

A number of institutional investors have recently modified their holdings of the business. Cape ANN Savings Bank lifted its holdings in shares of Marvell Technology by 2.3% in the second quarter. Cape ANN Savings Bank now owns 2,245 shares of the semiconductor company’s stock worth $669,000 after acquiring an additional 50 shares during the last quarter. Arlington Trust Co LLC grew its holdings in shares of Marvell Technology by 24.1% during the 2nd quarter. Arlington Trust Co LLC now owns 268 shares of the semiconductor company’s stock valued at $80,000 after purchasing an additional 52 shares during the last quarter. GoalVest Advisory LLC grew its holdings in shares of Marvell Technology by 26.0% during the 2nd quarter. GoalVest Advisory LLC now owns 315 shares of the semiconductor company’s stock valued at $94,000 after purchasing an additional 65 shares during the last quarter. Washington Trust Advisors Inc. grew its holdings in shares of Marvell Technology by 88.5% during the 3rd quarter. Washington Trust Advisors Inc. now owns 147 shares of the semiconductor company’s stock valued at $39,000 after purchasing an additional 69 shares during the last quarter. Finally, HBW Advisory Services LLC increased its position in Marvell Technology by 3.3% during the 2nd quarter. HBW Advisory Services LLC now owns 2,270 shares of the semiconductor company’s stock worth $676,000 after purchasing an additional 73 shares in the last quarter. Institutional investors and hedge funds own 83.51% of the company’s stock.

Key Marvell Technology News

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

• Positive Sentiment: Marvell’s AI networking business is benefiting from demand for data-center connectivity. Its latest reported quarter showed revenue up 36.5% year over year, with EPS and revenue slightly above consensus; analysts at Zacks Research also raised several future EPS estimates. Read article
• Positive Sentiment: The proposed Lumentum deal would combine Marvell’s electrical and networking products with Lumentum’s optical technologies, potentially expanding Marvell’s role in AI infrastructure. Some analysts see significant long-term upside if the combination delivers growth and cost savings. Read article
• Neutral Sentiment: Views on the acquisition are sharply divided: some analysts emphasize the strategic opportunity, while others question the deal’s price, execution and likelihood of completion. That uncertainty may keep the shares volatile. Read article
• Negative Sentiment: The $115 billion all-stock Lumentum acquisition raises concerns about substantial shareholder dilution. The deal’s fixed exchange ratio also means the value offered to Lumentum holders moves with Marvell’s share price, adding uncertainty around completion and investor support. Read article
• Negative Sentiment: Chip and AI infrastructure stocks sold off after the midterm results, amid concerns about regulation and possible data-center construction moratoriums in key states. Because Marvell supplies networking chips used in data centers, fears of slower AI buildouts weigh on its outlook. Read article
• Negative Sentiment: Several firms lowered Marvell ratings or price targets, reflecting concerns about dilution and deal risks, adding to the negative sentiment around the stock. Read article

Marvell Technology Company Profile

Marvell Technology, Inc (NASDAQ: MRVL) is a semiconductor company that develops infrastructure solutions for data centers, telecommunications networks, enterprise systems, automotive applications and other connected markets. Its products are designed to support the movement, processing, storage and security of data across complex computing and communications environments.

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