Roth Capital Raises Earnings Forecast for Marvell Technology

Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) recently saw an upgrade in earnings expectations by investment analysts at Roth Capital. In a research note issued on December 4th, Roth Capital analyst S. Desilva increased the forecast for Marvell's earnings per share for the second quarter of 2026 from $0.37 to $0.43. This positive adjustment highlights optimism about the semiconductor company's financial performance moving forward.

The consensus estimate for Marvell Technology's earnings for the current full year stands at $0.78 per share. This positions the company favorably in a competitive market, reflecting confidence from analysts and potential for growth.

Analyst Ratings and Price Targets

Emphasizing the positive sentiment surrounding Marvell Technology, several other analysts have recently adjusted their ratings and price targets for the stock. Citigroup increased their target price from $91.00 to $112.00, maintaining a "buy" rating. In a similar vein, Stifel Nicolaus reiterated a "buy" with an increased price objective set at $125.00, up from $114.00. Barclays raised their target from $85.00 to $115.00, also giving an "overweight" rating.

JPMorgan Chase & Co. and KeyCorp lifted their price targets as well, with JPMorgan increasing their target from $90.00 to $130.00, and KeyCorp from $95.00 to $125.00, both underscoring a bullish outlook on Marvell's future performance. Overall, three analysts have assigned a hold rating on the stock, while twenty-four have rated it as a buy, suggesting widespread confidence in Marvell's prospects.

Current Stock Performance

As of the latest trading day, Marvell Technology's stock opened at $113.37, reflecting a 4.0% decline recently. The stock has seen a 12-month low of $50.35 and a high of $119.88. The company’s market capitalization stands at approximately $100.47 billion, with a price-to-earnings ratio of -66.69 and a beta of 1.46.

Institutional Investor Activity

Institutional investors have also shown significant interest in Marvell Technology. Recent reports indicate that State Street Corp increased its stake in the company by 0.3% in the third quarter, now owning nearly 20 million shares valued at over $1.4 billion. Ameriprise Financial reported a more considerable boost, raising its holdings by 24.1% and now holding over 11 million shares worth approximately $812 million.

Other firms, including Geode Capital Management and Wellington Management Group, also expanded their investments during the third quarter, indicating a robust institutional backing for Marvell Technology, with over 83% of the stock owned by institutional investors.

Recent Insider Transactions

In more recent developments, insider Muhammad Raghib Hussain sold 150,000 shares at an average price of $80.50, totaling $12.07 million. Following this sale, Hussain still owns a significant number of shares valued at around $55.9 million. Other directors, such as Ford Tamer, have also sold portions of their holdings.

Dividend Announcement

Marvell Technology also recently disclosed a quarterly dividend of $0.06 per share, which was paid on October 31st. This translates to an annualized dividend yield of 0.21%. The company's dividend payout ratio currently stands at -14.12%, reflecting a strategic decision regarding profit allocations.

Company Overview

Founded with a vision to provide innovative semiconductor solutions, Marvell Technology, Inc. serves a vital role in data infrastructure, focusing on developing complex System-on-a-Chip architectures that integrate various functionalities.

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