最新ニュース Marvell Tech (NASDAQ:MRVL) 株価情報

Marvell Tech

Marvell Technology is a fabless chip designer focused on wired networking, where it has the second-highest market share. Marvell serves the data center, carrier, enterprise, automotive, and consumer end markets with processors, optical and copper transceivers, switches, and storage controllers.

Marvell Technology

Marvell Technology Group

Marvell Technology Inc

Qorvo, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QRVO#NASDAQ">QRVO</a>) stock is moving higher on Friday following a Wall Street Journal report revealing that activist investor Starboard Value has acquired a 7.7% stake <a href="https://www.benzinga.com/markets/equities/25/01/43048211/qorvo-soars-7-after-hours-as-activist-investor-starboard-reportedly-takes-stake-in-semiconductor-company">in the company</a>.
The Details: The <a href="https://www.wsj.com/finance/starboard-builds-big-stake-in-chip-maker-qorvo-7a18a71f">report</a> values the stake at about $500 million. Since the report, Qorvo has filed a Schedule 13D with the Securities and Exchange Commission, confirming the activist investor's investment in the company.
Qorvo&#8217;s stock has struggled in recent months, sliding 22.15% over the past three months. The chipmaker has faced strong competition from competitors such as Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>).
The company&#8217;s latest investor, Starboard Value, has remained active in the semiconductor sector, with past investments in companies like NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and Marvell Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>), highlighting a potential strategic focus that may extend to Qorvo.
Qorvo&#8217;s stock suffered in late October after the company issued third-quarter guidance that fell below analyst estimates. It projected adjusted earnings per share between $1.10 and $1.30, versus analyst estimates of $1.92, and revenue between $875 million and $925 million, versus analyst estimates of $1.05 billion.
The company is set to release third-quarter earnings on Jan. 28 after the market closes. Qorvo will host a conference call to review its earnings at 4:30 p.m. EST that same day.
Related Link: <a href="https://www.benzinga.com/insights/short-sellers/25/01/43056477/how-is-the-market-feeling-about-boeing">How Is The Market Feeling About Boeing?</a>
QRVO Price Action: At the time of writing Qorvo stock is trading 11.6% higher at $81.86, according to data from <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.
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What's Going On With Qorvo Shares Friday?

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Marvell Technology shares are trading higher after Barclays raised its price target on the stock from $115 to $150.

Barclays analyst Blayne Curtis maintains Marvell Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) with a Overweight and raises the price target from $115 to $150.

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Barclays Maintains Overweight on Marvell Tech, Raises Price Target to $150

Activist investor Starboard Value LP has reportedly acquired a 7.7% stake worth approximately $500 million in Qorvo Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QRVO#NASDAQ">QRVO</a>) on Thursday, targeting the struggling semiconductor manufacturer for potential operational changes.
What Happened: The stake, led by Starboard CEO Jeff Smith, comes as Qorvo faces mounting challenges in the radio frequency chip market, reported the Wall Street Journal, <a href="https://www.wsj.com/finance/starboard-builds-big-stake-in-chip-maker-qorvo-7a18a71f">citing</a> sources. 
The Greensboro, N.C.-based company&#8217;s shares have declined nearly 28% over the past year amid intensifying competition from rivals like Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) and Skyworks Solutions Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SWKS#NASDAQ">SWKS</a>).
The investment represents a return to familiar territory for Starboard, which previously held a position in TriQuint Semiconductor before its 2014 merger with RF Micro Devices to form Qorvo. The activist firm has maintained a strong presence in the semiconductor sector, with past investments in NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and Marvell Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>).
Qorvo&#8217;s recent performance has worried investors, with the company&#8217;s shares tumbling after missing Wall Street&#8217;s quarterly projections. CFO Grant Brown acknowledged these challenges in October, citing weaker demand for premium smartphones and announcing factory consolidation efforts to improve profitability.
Qorvo did not immediately respond to <a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga</a>'s request for comment.
See Also: <a href="https://www.benzinga.com/markets/equities/25/01/43047812/bill-ackman-calls-hindenburg-researchs-closure-a-big-loss-praises-short-sellers-contribution-to-capital-markets">Bill Ackman Says Hindenburg Research Closing &#8216;A Big Loss,&#8217; Praises Short Seller&#8217;s Contribution To Markets: &#8216;Short Selling Is Really Hard&#8217;</a>
Why It Matters: The chip maker, currently valued at approximately $7 billion, has struggled to maintain its market position as consumers shift toward entry-level Android devices. Wall Street analysts maintain a <a href="https://www.benzinga.com/quote/QRVO/analyst-ratings">consensus price target</a> of $97.65, though recent assessments from Goldman Sachs, Mizuho, and Loop Capital suggest more modest expectations with an average target of $77.
<figure class="wp-block-image aligncenter size-large is-resized"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/17000713/Screenshot-2025-01-17-at-10.36.23%E2%80%AFAM-1024x376.png" alt="" class="wp-image-738146" style="width:540px;height:auto" /></figure>
Starboard&#8217;s investment in Qorvo adds to its <a href="https://www.benzinga.com/markets/equities/24/10/41419988/tylenol-listerine-maker-kenvue-under-activist-spotlight-with-starboard-value-stake-overhaul-ahea">recent string of activist positions</a>, including stakes in Pfizer Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PFE#NYSE">PFE</a>), Kenvue Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KVUE#NYSE">KVUE</a>), and Riot Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIOT#NASDAQ">RIOT</a>).
Price Action: Qorvo surged 7.08% in after-hours trading to $78.80 on Thursday. The stock closed at $73.59, down 0.77% on the regular trading session, and has fallen 27.43% over the past year, according to <a href="https://www.benzinga.com/pro/">data from Benzinga Pro</a>.
Read Next: 
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Image Via Shutterstock 
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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Qorvo Soars 7% After Hours As Activist Investor Starboard Reportedly Takes Stake In Semiconductor Company

<a href="https://www.benzinga.com/topic/ai-chips" target="_blank" rel="noreferrer noopener">Artificial intelligence chip stocks</a> including Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Broadcom Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), Marvell Technology, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>), Advanced Micro Devices, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), Qualcomm Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>), Arm Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>), and Micron Technology, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), are trading higher Thursday in sympathy with Taiwan Semiconductor Manufacturing Co&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) <a href="https://www.benzinga.com/news/earnings/25/01/43022654/taiwan-semiconductor-q4-earnings-3nm-and-5nm-nodes-lead-topline-growth-expands-margins-issues-strong-q1-outlook" target="_blank" rel="noreferrer noopener">upbeat quarterly print</a>.
Taiwan Semiconductor is the key contract chipmaker behind Nvidia&#8217;s graphics processing units&nbsp;(GPU) and Apple Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) smartphones.
However, on Wednesday, the Biden administration announced its <a href="https://www.benzinga.com/government/regulations/25/01/42897081/nvidia-and-ai-chip-stocks-brace-for-impact-as-biden-administration-considers-new-china-export-ban-report" target="_blank" rel="noreferrer noopener">latest semiconductor regulations</a>, including extended licensing requirements on companies like Taiwan Semiconductor, which manufactures chips, and packaging companies, citing national security threats.
Also Read: <a href="https://www.benzinga.com/media/25/01/42981814/apple-and-nvidia-supplier-taiwan-semiconductor-leads-semiconductor-market-with-64-share" target="_blank" rel="noreferrer noopener">Apple And Nvidia Supplier Taiwan Semiconductor Leads Semiconductor Market with 64% Share</a>
Chipmakers like Taiwan Semiconductor and&nbsp;Samsung Electronics (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SSNLF#OTC">SSNLF</a>) must <a href="https://www.benzinga.com/25/01/43003008/taiwan-semi-samsung-intel-may-face-stricter-us-rules-on-chip-exports-to-china-over-security-concerns" target="_blank" rel="noreferrer noopener">ramp up due diligence</a> especially with China-based firms.
Washington imposed sanctions on 16 Chinese companies, including Sophgo Technologies, for building their country&#8217;s chip industry, Bloomberg <a href="https://www.bloomberg.com/news/articles/2025-01-15/us-unveils-new-rules-to-restrict-flow-of-advanced-chips-to-china?srnd=phx-technology&amp;sref=TBDibEcD" target="_blank" rel="noreferrer noopener">cites</a> the Commerce Department.
On Monday, the U.S. disclosed sanctions on the sale of AI chips by Nvidia and other advanced makers to data centers in most countries.
The rules for AI chips follow&nbsp;controls&nbsp;announced in December that aim to block Beijing&#8217;s access to <a href="https://www.benzinga.com/government/24/08/40198085/huawei-and-baidu-increase-samsung-hbm-purchases-as-us-curbs-loom" target="_blank" rel="noreferrer noopener">high-bandwidth memory</a> chips from Micron.
Semiconductor chip stocks enjoyed a massive upside in 2024, backed by the AI boom.
A third of the top ten global companies with valuations above $1 trillion in 2024 came from the chip industry.
Investors can gain exposure to stocks of companies that manufacture semiconductors through ProShares Ultra Semiconductors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USD#NYSE">USD</a>) and Invesco PHLX Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXQ#NASDAQ">SOXQ</a>).
Also Read:
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<li><a href="https://www.benzinga.com/tech/25/01/43008511/broadcoms-latest-san-switch-offers-scalable-energy-efficient-solution-for-growing-storage-demands" target="_blank" rel="noreferrer noopener">Broadcom&#8217;s Latest SAN Switch Offers Scalable, Energy-Efficient Solution for Growing Storage Demands</a></li>
</ul>
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AI Chip Stocks Gain Momentum On Taiwan Semiconductor Performance;  Biden's Semiconductor Sanctions Kick In

Marvell Technology Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) shares are trading higher by 0.99% to $116.35 during Wednesday&#8217;s session amid the broader market&#8217;s positive reaction to <a href="https://www.benzinga.com/economics/macro-economic-events/25/01/43003047/stocks-rise-on-core-inflation-slowdown-banks-rally-after-strong-q4-earnings-treasury-yields-plummet">December inflation data</a>.
The report showing slowing underlying price pressures is a positive signal for the broader economy, fueling investor optimism that the Federal Reserve may soon implement further rate cuts. 
What Else: For Marvell, <a href="https://www.benzinga.com/economics/macro-economic-events/25/01/43001512/inflation-rises-to-29-in-december-core-slows-yet-rising-energy-costs-put-feds-target-at-risk">lower interest rates</a> reduce the cost of capital and could help spur investment in data centers, cloud computing, and 5G technologies—key areas in which Marvell plays a crucial role. 
As a semiconductor supplier that powers these industries, Marvell stands to gain from increased demand as businesses expand their infrastructure in response to favorable economic conditions.
Additionally, with semiconductor stocks often benefiting from a lower cost of financing, Marvell could see further upside as the probability of rate cuts in 2025 rises.
Read Also: <a href="https://www.benzinga.com/general/market-summary/25/01/42996490/nordea-parisi-gray-graypoint-load-up-on-marvell-technology-shares-iaim-dilutes-98-in-q4-heres-what-mrvls-technical-analysis-says">Nordea, Parisi Gray, Graypoint Load Up On Marvell Technology Shares, IAIM Dilutes 98% In Q4: Here&#8217;s What MRVL&#8217;s Technical Analysis Says</a>
Investors can gain exposure to&nbsp;MRVL by&nbsp;investing&nbsp;in the VanEck Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMH#NASDAQ">SMH</a>).
<h2 class="wp-block-heading">How To Buy MRVL Stock</h2>
By now you're likely curious about how to participate in the market for Marvell Technology &#8211; be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of <a href="https://www.benzinga.com/money/best-stock-trading-platforms">possible trading platforms here.</a> Many will allow you to buy ‘fractional shares,' which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway, or Amazon.com, can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so. 
In the the case of Marvell Technology, which is trading at $116.72 as of publishing time, $100 would buy you 0.86 shares of stock.
If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to ‘go short' a share of stock by lending you the shares to sell. The process of shorting a <a href="https://www.benzinga.com/money/how-to-short-a-stock">stock can be found at this resource.</a> Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading &#8211; either way it allows you to profit off of the share price decline.
According to data from&nbsp;<a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>, MRVL has a 52-week high of $126.12 and a 52-week low of $53.19.

What's Going On With Marvell Technology (MRVL) Stock?

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Shares of semiconductor companies are trading higher amid overall market strength after CPI data was in line with estimates and core CPI rose by less than expected.

Wealth management companies have loaded up on Marvell Technology Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) shares in the fourth quarter as it achieved a significant milestone with its new chip. Technical analysis of daily moving averages indicates a strong bullish uptrend.
What Happened: According to the 13F filings, Parisi Gray Wealth Management increased its stake in MRVL by 8,181 shares or 197% with its total investment valued at $1.363 million as of the quarter ended Dec. 31, 2024.
Nordea Investment Management, on the other hand, increased its stake by 14% which represents the addition of 571,005 shares. Its total investment value in the chipmaker stood at $518.435 million.
Graypoint, which just added 894 shares in the fourth quarter, increased its stake by 29%, with its investment value of $443,000.
On the contrary, International Assets Investment Management, which is an affiliate of IAA, offloaded 98% or 236,361 shares in the company. Its current investment value after the transaction stood at $405,000.
While there are many more companies yet to repost their fourth quarter, these firms represent the top trades among the 87 that have already disclosed their 13F filings.
See Also: <a href="https://www.benzinga.com/general/market-summary/25/01/42895251/mrvl-stock-has-gained-over-7-in-last-five-sessions-as-marvell-technologys-new-chip-boosts-ai-server-performance-heres-what-technical-analysis-says">MRVL Stock Has Gained Over 7% In Last Five Sessions As Marvell Technology&#8217;s New Chip Boosts AI Server Performance: Here&#8217;s What Technical Analysis Says</a>
Why It Matters: The semiconductor manufacturer&#8217;s new XPU chip with a fresh update accelerates the performance of AI servers. A slew of positive developments within the company has led to strong performance coupled with strong fundamentals and technicals for the semiconductor manufacturer.
Marvell&#8217;s CEO Matt Murphy during its <a href="https://www.benzinga.com/news/earnings/24/12/42302752/marvell-technology-stock-climbs-after-better-than-expected-q3-results-strong-q4-guidance">third-quarter</a> earnings call said that they expect a 26% growth in the topline in fiscal 2025 on an annual basis. 
MRVL was up 0.20% in premarket, whereas it closed at $115.20 apiece on Tuesday, the technical analysis of daily moving averages shows strong support for the stock.
Marvell's shares were above its 20, 50, and 200-day simple moving averages, suggesting a bullish uptrend. The 20-day moving average price was $114.76 apiece, whereas the 50-day average stood at $103.14. The 200-day moving average was at $78.89.
On the other hand, the relative strength index of 55.54 suggested that the stock could be moderately overbought but still in the neutral zone.
<figure class="wp-block-image size-large"><a href="https://pro.benzinga.com/dashboard"><img loading="lazy" decoding="async" width="1024" height="576" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/15042503/MRVL-tech-chart-fin-1024x576.png" alt="" class="wp-image-734164" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/15042503/MRVL-tech-chart-fin-1024x576.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/15042503/MRVL-tech-chart-fin-300x169.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/15042503/MRVL-tech-chart-fin-768x432.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/15042503/MRVL-tech-chart-fin-1536x864.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/15042503/MRVL-tech-chart-fin.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
What Are Analysts Saying: According to the analysts <a href="https://www.benzinga.com/quote/MRVL/analyst-ratings">tracked by Benzinga</a>, MRVL has a consensus price target of $112.5 based on the ratings of 33 analysts. The highest price target is $149 apiece issued by Craig-Hallum as of Jan. 6, 2025. The lowest target price is $75 per share issued by Barclays on Jan. 16, 2024.
The average price target between Wells Fargo, Goldman Sachs, and Craig-Hallum implies a 21.29% upside for MRVL.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/quote/MRVL/analyst-ratings"><img loading="lazy" decoding="async" width="943" height="354" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/15042417/MRVL-ANR-ANR-ANR.png" alt="" class="wp-image-734161" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/15042417/MRVL-ANR-ANR-ANR.png 943w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/15042417/MRVL-ANR-ANR-ANR-300x113.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/15042417/MRVL-ANR-ANR-ANR-768x288.png 768w" sizes="(max-width: 943px) 100vw, 943px" /></a></figure>
Price Action: Shares of Marvell have risen by 75.82% over the last year, whereas, the Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) which mirrors the Nasdaq 100, rose 23.33% in the same period, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Over the last six months, the shares gained 56.52%, outperforming QQQ which just rose 1.80% in the same period.
Read Next:
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<li><a href="https://www.benzinga.com/general/market-summary/25/01/42967576/meta-investors-push-mark-zuckerberg-to-replace-72b-cash-with-bitcoin-to-combat-inflation-heres-what-it-means-for-investors">Meta Investors Push Mark Zuckerberg To Replace $72B Cash With Bitcoin To Combat Inflation: Here&#8217;s What It Means For Investors </a></li>
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Photo courtesy: Shutterstock

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Nordea, Parisi Gray, Graypoint Load Up On Marvell Technology Shares, IAIM Dilutes 98% In Q4: Here's What MRVL's Technical Analysis Says

Deep-pocketed investors have adopted a bullish approach towards Marvell Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in MRVL usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 37 extraordinary options activities for Marvell Tech. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 45% leaning bullish and 43% bearish. Among these notable options, 12 are puts, totaling $1,263,374, and 25 are calls, amounting to $3,211,025.
<h3>Predicted Price Range</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $60.0 to $175.0 for Marvell Tech over the recent three months. 
<h3>Volume &amp; Open Interest Development</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Marvell Tech's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Marvell Tech's whale activity within a strike price range from $60.0 to $175.0 in the last 30 days. 
<h3>Marvell Tech Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1736878534_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>MRVL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>08/15/25</td>
<td>$12.95</td>
<td>$12.8</td>
<td>$12.9</td>
<td>$130.00</td>
<td>$1.9M</td>
<td>171</td>
<td>1.5K</td>
</tr>
<tr>
<td>MRVL</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>02/21/25</td>
<td>$2.79</td>
<td>$2.7</td>
<td>$2.74</td>
<td>$105.00</td>
<td>$589.1K</td>
<td>2.0K</td>
<td>2.2K</td>
</tr>
<tr>
<td>MRVL</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>05/16/25</td>
<td>$6.4</td>
<td>$6.3</td>
<td>$6.3</td>
<td>$100.00</td>
<td>$189.0K</td>
<td>207</td>
<td>325</td>
</tr>
<tr>
<td>MRVL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$45.3</td>
<td>$43.8</td>
<td>$45.3</td>
<td>$70.00</td>
<td>$181.2K</td>
<td>4.5K</td>
<td>71</td>
</tr>
<tr>
<td>MRVL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$11.4</td>
<td>$10.9</td>
<td>$11.4</td>
<td>$115.00</td>
<td>$114.0K</td>
<td>5.3K</td>
<td>312</td>
</tr>
</tbody>
</table>

<h3>About Marvell Tech</h3>
Marvell Technology is a fabless chip designer focused on wired networking, where it has the second-highest market share. Marvell serves the data center, carrier, enterprise, automotive, and consumer end markets with processors, optical and copper transceivers, switches, and storage controllers.
After a thorough review of the options trading surrounding Marvell Tech, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Marvell Tech's Current Market Status</h3>
<ul>
<li>Trading volume stands at 3,654,537, with MRVL's price down by -0.23%, positioned at $114.89.</li>
<li>RSI indicators show the stock to be may be approaching overbought.</li>
<li>Earnings announcement expected in 51 days.</li>
</ul>
<h3>Expert Opinions on Marvell Tech</h3>
In the last month, 5 experts released ratings on this stock with an average target price of $134.0.
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&#x2A; Consistent in their evaluation, an analyst from Stifel keeps a Buy rating on Marvell Tech with a target price of $130. 
&#x2A; Consistent in their evaluation, an analyst from Morgan Stanley keeps a Equal-Weight rating on Marvell Tech with a target price of $120. 
&#x2A; An analyst from Craig-Hallum persists with their Buy rating on Marvell Tech, maintaining a target price of $149. 
&#x2A; Maintaining their stance, an analyst from Goldman Sachs continues to hold a Buy rating for Marvell Tech, targeting a price of $131. 
&#x2A; An analyst from Wells Fargo persists with their Overweight rating on Marvell Tech, maintaining a target price of $140. 
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Options

Marvell Tech Unusual Options Activity

Semiconductor analyst Vivek Arya expects a "surprising broadening rally in semis&#8221; in 2025 <a href="https://www.benzinga.com/topic/semiconductors">compared to last year</a>.
What Happened: This year will mark a widening divide between &#8220;AI haves and cyclical have-nots,&#8221; Arya says.
There are still several unresolved concerns for <a href="https://www.benzinga.com/topic/semiconductors">the semiconductor sector</a>, he adds, citing global tariffs, rising inflation and China restrictions.
Read Also:<a href="https://www.benzinga.com/24/12/42564959/if-you-invested-1000-in-nvidia-stock-when-donald-trump-became-president-in-2017-heres-how-much-youd-have-now"> If You Invested $1,000 In NVIDIA Stock When Trump Became President In 2017, Here&#8217;s How Much You&#8217;d Have Now</a>
"We expect 1H25 to be dominated by AI stocks, with easier comps and presumed macro improvement leading to 2H cyclical rotation," Arya said.
The Stock Picks: Arya highlights Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) as a top pick due to Blackwell&#8217;s launch, a compelling valuation, new products and growth <a href="https://www.benzinga.com/news/25/01/42950380/jensen-huang-declares-the-age-of-agentic-ai-at-ces-2025-a-multi-trillion-dollar-shift-in-work-and-industry">highlighted at CES 2025</a>.
Arya has a price target of $190 on Nvidia. The stock's forward price-to-earnings ratio is justified due to "stronger growth opportunities ahead,&#8221; he says.
"Data center demand potentially faces strong, long-term demand dynamics," Arya added.
Arya also picked Marvell Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>), which has a $140 price target. The company's 40% to 50%+ compounded annual earnings per share growth potential helps justify this price, he says.
A meeting with Marvell management at CES provided "solid visibility" for custom chip ramps for partners Amazon and Microsoft, the analyst added.
"We maintain our strong preference for MRVL."
Stocks to Avoid: Arya reiterated a Neutral rating on Advanced Micro Devices (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>). He also reiterated an Underperform rating on Intel Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>).
The analyst said AMD's hardware could be more than one year behind Nvidia with software also "well behind" Nvidia.
Arya has a $155 price target on AMD. AI growth could be offset by slowdowns in cyclical embedded and console markets, he says.
The analyst has a $21 price target on Intel, citing manufacturing uncertainties with risks of a new foundry strategy.
"INTC's manufacturing issues are well-known, but less appreciated is the multi-year drag on profitability from returns owed to co-investment partners Apollo and Brookfield."
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/24/12/42658817/5-semiconductor-stocks-wall-street-analysts-predict-could-soar-in-2025">5 Semiconductor Stocks Wall Street Analysts Predict Could Soar In 2025</a></li>
</ul>
Image: Shutterstock

Analyst Color

Reiteration

INTC

Analyst Sees 'Broadening Rally' In Semiconductors In 2025: 2 Top Stock Picks, 2 To Avoid

Needham analyst N. Quinn Bolton noted 2024&#8217;s divergence of the fortunes of <a href="https://www.benzinga.com/topic/semiconductors" target="_blank" rel="noreferrer noopener">semiconductor companies exposed</a> to different end markets. 
Semiconductor suppliers exposed to the PC, smartphone, industrial, and automotive sectors generally noticed fundamentals under pressure throughout the year.
On the other hand, the AI segment experienced strong demand for accelerating deployments of AI infrastructure.
Also Read: <a href="https://www.benzinga.com/government/regulations/25/01/42907937/taiwan-semiconductor-hits-26-3-billion-q4-revenue-reportedly-ends-powerair-deal-over-huawei-chip-breach-amid-us-sanctions" target="_blank" rel="noreferrer noopener">Taiwan Semiconductor Hits $26.3 Billion Q4 Revenue, Reportedly Ends PowerAIR Deal Over Huawei Chip Breach Amid US Sanctions</a>
As a result, AI-driven semiconductor stocks significantly outperformed the S&amp;P 500 Index and non-AI-driven semiconductor stocks in 2024.
The performance of AI and non-AI stocks may begin to see some mean reversion, Bolton says. Growth in AI revenue will begin to decelerate and fundamentals for analog/mixed-signal semiconductor companies will start to recover.
Bolton named Allegro MicroSystems Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALGM#NASDAQ">ALGM</a>) his top pick for 2025 and added the company to Needham&#8217;s Conviction List.
Bolton noted that 2024 was the year of the &#8220;haves&#8221; and the &#8220;have nots&#8221; in the semiconductor industry. Due to the combination of weak demand conditions and digestion of excess inventory, semiconductor suppliers exposed to the PC, smartphone, industrial, and automotive end markets generally experienced revenue and earnings declines in 2024.
While the S&amp;P 500 Index returned 23% in calendar year 2024, the average return for the &#8220;non-AI&#8221;-driven semiconductor companies in Bolton&#8217;s coverage universe was -17 %.
On the other hand, driven by strong demand for accelerating deployments of AI infrastructure, semiconductor companies with exposure to AI saw robust revenue and earnings growth.
On average, the stock prices of AI-driven companies in Bolton&#8217;s coverage universe increased 147% in 2024, significantly outperforming the 23% return of the S&amp;P 500 over this period.
Bolton noted that broad-based, analog/mixed-signal, and cyclical recovery stocks may outperform in 2025. In 2025, Bolton expects the performance of AI and non-AI stocks to begin to see some mean reversion as growth in AI revenue begins to decelerate and fundamentals for analog/mixed-signal semiconductor companies begin to recover.
Bolton did not call for this rotation from AI names to analog/mixed-signal or other semiconductor cycle plays to necessarily occur in early 2025. The near-term outlook for many analog/mixed-signal stocks remains muted in the near-term while he expects continued momentum in revenue and earnings for the AI-related stocks. However, Bolton noted this rotation could begin in the Spring to early Summer.
AI spending is decelerating, which may lead to multiple contractions.
Potential catalysts for the rotation included the end of inventory digestion and improvements in end market demand. The trend toward autonomy and electrification in autos is intact and should drive semiconductor growth, and valuations that are more compelling than those for AI-driven stocks.
Bolton also remains positive on Silicon Laboratories, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLAB#NASDAQ">SLAB</a>), Lattice Semiconductor Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LSCC#NASDAQ">LSCC</a>), and ON Semiconductor Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ON#NASDAQ">ON</a>).
Bolton noted Silicon Labs as an idiosyncratic semiconductor play that is not dependent on a macro recovery in 2025 as new design win ramps in smart meters in India, electronic shelf labeling and continuous glucose monitors, as well as the ramp of new single-stream WiFi 6 and Bluetooth 6 products, should drive sequential growth through the year. 
Bolton also explained that Lattice Semiconductor is poised for the second half of calendar 2025 recovery as the inventory correction in its Industrial &amp; Automotive segment clears and the company ramps up new Nexus and Avant product offerings. 
Lastly, while ON Semiconductor management expects sub-seasonal results in the first half of calendar 2025, Bolton noted the company is highly leveraged to a cyclical recovery and could see the name perform well in the second half of calendar 2025.
Bolton noted Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) (Buy, $160 price target), Broadcom Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), and Marvell Technology Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) (Buy, $120 price target) will all benefit from the strong unit growth of XPUs, both general purpose GPUs and hyperscaler custom ASICs, over the coming years.
Bolton&#8217;s favorite ways to play the connectivity trend in AI data centers include:
<ul>
<li>Astera Labs Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALAB#NASDAQ">ALAB</a>) — Buy, $140 price target</li>
<li>Credo Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRDO#NASDAQ">CRDO</a>) — Buy, $80 price target</li>
<li>MACOM Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTSI#NASDAQ">MTSI</a>) — Buy, $150 price target</li>
<li>Semtech Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMTC#NASDAQ">SMTC</a>) — Buy, $74 price target. </li>
</ul>
Bolton increased his price targets on Astera Labs $100 to $140 and Credo Technology from $70 to $80. 
Also Read:
<ul>
<li><a href="https://www.benzinga.com/25/01/42900314/nvidia-teams-up-with-dutch-government-to-build-cutting-edge-ai-supercomputer-facility" target="_blank" rel="noreferrer noopener">Nvidia Teams Up with Dutch Government to Build Cutting-Edge AI Supercomputer Facility</a></li>
</ul>
Image: Shutterstock

ALGM

LSCC

MTSI

SLAB

Nvidia, Broadcom, Marvell Positioned For Growth As AI Demand Drives Semiconductor Momentum

Wells Fargo analyst Aaron Rakers maintains Marvell Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) with a Overweight and raises the price target from $130 to $140.

Wells Fargo Maintains Overweight on Marvell Tech, Raises Price Target to $140

Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and peer chip stocks, including Advanced Micro Devices, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) and Broadcom Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), are trading lower Friday as the chip companies <a target="_blank" href="https://www.benzinga.com/government/regulations/25/01/42897081/nvidia-and-ai-chip-stocks-brace-for-impact-as-biden-administration-considers-new-china-export-ban-report" rel="noreferrer noopener">remain susceptible to</a> potential sanctions on China regarding artificial intelligence chip exports.
The Biden administration could restrict Nvidia&#8217;s AI chip shipments with three-tier export rules favoring allies like Taiwan and barring Tier 3 nations like China.
The Chinese semiconductor equipment industry was estimated to reach $230 billion in 2024, <a target="_blank" href="https://www.statista.com/statistics/1345380/china-size-of-the-semiconductor-equipment-market/" rel="noreferrer noopener">according to</a> Statista.
Also Read: <a href="https://www.benzinga.com/25/01/42900314/nvidia-teams-up-with-dutch-government-to-build-cutting-edge-ai-supercomputer-facility" target="_blank" rel="noreferrer noopener">Nvidia Teams Up with Dutch Government to Build Cutting-Edge AI Supercomputer Facility</a>
Also on Friday, Taiwan Semiconductor <a href="https://www.benzinga.com/government/regulations/25/01/42907937/taiwan-semiconductor-hits-26-3-billion-q4-revenue-reportedly-ends-powerair-deal-over-huawei-chip-breach-amid-us-sanctions" target="_blank" rel="noreferrer noopener">reported consolidated revenue</a> of 2.89 trillion New Taiwan dollars between January and December 2024 (up by 33.9% year-on-year), implying it made a consolidated revenue of 868.46 billion New Taiwan dollars ($26.3 billion versus a consensus of $26.2 billion) for the December quarter, up from $19.62 billion a year ago.
Goldman Sachs analyst Toshiya Hari pointed out that the semiconductor and semiconductor capital equipment sectors offer significant potential for generating alpha in 2024, particularly among companies supporting the build-out of AI infrastructure.
<h3 class="wp-block-heading">Top Performers in AI Infrastructure</h3>
Several stocks in the sector have greatly outperformed the broader market, delivering strong returns:
<ul>
<li>Credo Technology Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRDO#NASDAQ">CRDO</a>) +245%</li>
<li>Nvidia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) +171%</li>
<li>Broadcom (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) +108%</li>
<li>Marvell Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) +83%</li>
<li>Arm Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>) +64%</li>
</ul>
<h3 class="wp-block-heading">Underperformers in Analog, MCU, and Power</h3>
In contrast, stocks in the Analog, MCU, and Power sectors have significantly underperformed, with notable declines in:
<ul>
<li>Microchip Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHP#NASDAQ">MCHP</a>) -36%</li>
<li>Qorvo, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QRVO#NASDAQ">QRVO</a>) -38%</li>
<li>ON Semiconductor Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ON#NASDAQ">ON</a>) -25%</li>
<li>Skyworks Solutions, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SWKS#NASDAQ">SWKS</a>) -21%</li>
</ul>
<h3 class="wp-block-heading">Weak Performance in Semiconductor Capital Equipment</h3>
Similarly, stocks in the Semiconductor Capital Equipment and Materials segments also lagged behind, including:
<ul>
<li>Cohu, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COHU#NASDAQ">COHU</a>) -25%</li>
<li>Entegris, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENTG#NASDAQ">ENTG</a>) -17%</li>
<li>Lam Research Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LRCX#NASDAQ">LRCX</a>) -8%</li>
<li>Applied Materials, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMAT#NASDAQ">AMAT</a>) +&lt;1%</li>
<li>KLA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KLAC#NASDAQ">KLAC</a>) +8%</li>
</ul>
In 2025, Hari recommended investors to own industry leaders in AI and cyclical names as he expected the magnitude of AI earnings beats to moderate, while he envisioned earnings revisions in broad-based semiconductors to turn positive in the latter half of the year. Hari&#8217;s Buy-rated ideas include Nvidia, Broadcom, Lam Research, Micron Technology, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), Teradyne, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TER#NASDAQ">TER</a>) (also on the Conviction List) and Entegris.
Hari noted Nvidia&#8217;s GPU as the industry standard, which is supported by the company&#8217;s large installed base, robust developer ecosystem, and presence in all major Clouds. Nvidia and its partners&#8217; ability to innovate will help them preserve their moat.
Broadcom is favorably positioned alongside Nvidia, backed by continued growth in the AI Semiconductor business with a potential acceleration in Networking, a recovery in the cyclical parts of its Semiconductor portfolio, sustained revenue growth, and margin expansion in Software.
In 2025, although challenging supply-demand dynamics in conventional DRAM and NAND are likely to keep a lid on Street estimates and Micron&#8217;s valuation multiple in the near term, Hari expects share gains in HBM and enterprise SSD, together with a gradually improving supply-demand backdrop in conventional DRAM and NAND, to catalyze positive EPS revisions and, in turn, better relative stock price performance.
Hari expects Lam Research to outperform its immediate peers in 2025. In addition to a quarterly recovery in the overall Wafer Fab Equipment market, he expects idiosyncratic drivers such as the adoption of Gate-All-Around transistors in leading-edge Foundry/Logic and the resumption of technology transitions in 3D NAND to support revenue growth that exceeds the overall WFE market.&nbsp;&nbsp;
Hari expects Teradyne to benefit from share gains in Compute SoC test, HBM test, recovery in Mobile SoC test and stabilization and /acceleration in Robotics revenue growth.
The analyst also upgraded NXP Semiconductors (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXPI#NASDAQ">NXPI</a>) from Neutral to Buy and downgraded AMD from Buy to Neutral.
The NXP upgrade reflects the analyst&#8217;s belief that the Automotive MCUs market will begin to price in a cyclical recovery in 2025. Additionally, NXP is taking sufficient strategic steps, mainly its growing focus on the Chinese OEMs, to gain a share in the Automotive semiconductor market over the medium to long run. There is ample potential for NXP&#8217;s gross and operating margins to expand on a cross-cycle basis.
Although Hari remains constructive on the company&#8217;s ability to take share from Intel Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) in x86-based computing across PCs and traditional servers, the analyst is increasingly concerned that the rise of Arm-based custom CPUs coupled with the competitive intensity in accelerated computing will weigh on AMD&#8217;s revenue growth relative to peers, exert upward pressure on AMD&#8217;s operating expenditure profile and, in turn, weigh on the stock&#8217;s multiple. 
The underperformance reflects weakness in PC and traditional end-demand and, more recently, slower-than-expected growth in Data Center GPUs.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/25/01/42896233/japanese-chipmaker-rapidus-sets-sights-on-broadcom-to-emulate-taiwan-semiconductors-market-dominance" target="_blank" rel="noreferrer noopener">Japanese Chipmaker Rapidus Sets Sight on Broadcom to Emulate Taiwan Semiconductor&#8217;s Market Dominance</a></li>
</ul>
Photo: Shutterstock

Upgrades

Downgrades

COHU

ENTG

LRCX

MCHP

NXPI

Nvidia, Broadcom Among Goldman Highlights For AI Opportunities

Companies exposed to artificial intelligence and accelerated computing have continued to see their end demand and visibility strengthen.
That&#8217;s according to analysts at JPMorgan. Companies exposed to consumer-facing markets like smartphones and IoT are seeing demand trends track in line with expectations, they say. Demand trends in automotive and industrial remain mixed.
The assessment comes after JPMorgan held virtual fireside chats in conjunction with the 2025 International Consumer Electronics Show.
Marvell Technology, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) and Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) management teams were featured.
In-person meetings and booth tours were also held with Analog Devices, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADI#NASDAQ">ADI</a>), Lam Research Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LRCX#NASDAQ">LRCX</a>), Micron Technology, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), Synaptics Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SYNA#NASDAQ">SYNA</a>), Synopsys Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNPS#NASDAQ">SNPS</a>), Skyworks Solutions, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SWKS#NASDAQ">SWKS</a>), and Silicon Laboratories, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLAB#NASDAQ">SLAB</a>), 
Also Read: <a href="https://www.benzinga.com/media/25/01/42843417/nvidia-highlights-ai-chips-powering-pubg-robotics-chatgpt-moment-automotive-expansion-and-more-at-ces-event" target="_blank" rel="noreferrer noopener">Nvidia Highlights AI Chips Powering PUBG, Robotics&#8217; ChatGPT Moment,&#8217; Automotive Expansion And More At CES Event</a>
Here are the key takeaways from JPMorgan analyst Harlan Sur&#8217;s Jan. 10 research report:
<ul>
<li>Nvidia sees a strong demand setup for 2025 as it brings to market its Blackwell platform.</li>
<li>Marvell noted that its AI revenues are tracking significantly ahead of its prior expectations of $2.5 billion. The firm expects continued growth in 2026 </li>
<li>Synopsys&#8217; AI and accelerated compute-leading chip and system design remain strong and have a multi-year tailwind. Outside of AI, design activity continues, but at a slightly slower pace, as auto, industrial, and telco sector trends remain muted. The team continues to take a conservative view of China prudently.</li>
<li>For Analog Devices, the team anticipates sequential growth trends beyond the January quarter. </li>
<li>For Micron, the setup for the second half of 2025 remains strong. It is based on a favorable AI-driven HBM and eSSD demand backdrop combined with a cyclical recovery in non-AI segments (smartphone and PC).</li>
<li>Expect new product launches from Nvidia as well as Advanced Micro Devices, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) and Intel Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>).</li>
<li>Synaptics highlighted the strong design win momentum for its Astra platform, WiFi capabilities, and Bluetooth Channel Sounding feature, holding potential for new revenue and content opportunities in foldable phones and PCs.</li>
<li>Regarding Skyworks, Sur noted seasonal demand trends in its business with iPhone 16 demand trends aligning with expectations, and return to 10% average radio frequency content growth. The analyst remains selective in the Android markets with limited exposure to China OEMs.</li>
</ul>
In summary, overall demand trends align with Harlan Sur&#8217;s expectation in calendar 2025 and favored companies with leverage to AI and accelerated computing and those involved in the value chain benefiting from leading-edge chip advancements.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/media/25/01/42874155/nvidia-teams-up-with-mediatek-to-challenge-intel-and-amd-in-desktop-cpu-market" target="_blank" rel="noreferrer noopener">Nvidia Teams Up With MediaTek to Challenge Intel and AMD in Desktop CPU Market</a></li>
</ul>
Image: Shutterstock

SNPS

Nvidia, Marvell, Synopsys Demonstrate AI Leadership And Strong Chip Design Momentum: Analyst

LEDS

RMBS

Shares of semiconductor stocks are trading lower amid a push by US President Biden to curb AI chip exports to China.

Goldman Sachs analyst Toshiya Hari maintains Marvell Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) with a Buy and raises the price target from $115 to $131.

Goldman Sachs Maintains Buy on Marvell Tech, Raises Price Target to $131

Marvell Technology Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) shares are trading higher by some 7% to $118.23 over the trailing week. JPMorgan analyst Harlan Sur this week <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/01/42859614/jpmorgan-sees-marvells-ai-revenue-surge-with-2-billion-run-rate-in-networking-by-2025">provided an optimistic outlook</a> for the company, highlighting the company's strong momentum in AI-driven growth.
Marvell also unveiled its <a href="https://www.benzinga.com/news/25/01/42820909/whats-going-on-with-marvell-technology-mrvl-stock">custom XPU architecture</a>, integrating co-packaged optics to enhance AI server scalability with superior data transmission reach and energy efficiency.
What To Know: Sur <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/01/42859614/jpmorgan-sees-marvells-ai-revenue-surge-with-2-billion-run-rate-in-networking-by-2025">highlighted</a> that Marvell is set to surpass its $2.5 billion AI revenue target for CY25, fueled by robust demand for optical and copper networking products and AI ASIC programs with Amazon and Google.
Read Also: <a href="https://www.benzinga.com/25/01/42899028/la-wildfire-damages-estimated-above-52-billion-california-property-insurance-crisis">LA Wildfire Damages Could Top $52 Billion As California Faces Property Insurance Crisis</a>
The company is also expanding into scale-up networking with advanced solutions like active electrical cables, co-packaged optics and linear pluggable optics.
Sur noted Marvell's partnership with Amazon remained solid, with expectations of sustained multi-generational product wins. Despite competition from Amazon's 3nm AI compute ASIC program, Marvell anticipated no revenue disruptions through CY26, projecting continued growth.
Sur also described the company's $8 billion AI Custom ASIC revenue target for CY28 as conservative given the market's rapid expansion.
Read Also: <a href="https://www.benzinga.com/general/market-summary/25/01/42895251/mrvl-stock-has-gained-over-7-in-last-five-sessions-as-marvell-technologys-new-chip-boosts-ai-server-performance-heres-what-technical-analysis-says">MRVL Stock Has Gained Over 7% In Last Five Sessions As Marvell Technology&#8217;s New Chip Boosts AI Server Performance: Here&#8217;s What Technical Analysis Says</a>
<h1 class="wp-block-heading">Is MRVL A Good Stock To Buy?</h1>
An investor can make a few decisions when deciding whether a stock is a good buy. In addition to valuation metrics and price action which you can find on Benzinga's quote pages — such as <a href="https://www.benzinga.com/quote/MRVL">Marvell</a>&#8216;s page for example — there are factors like whether or not a company pays a dividend or buys a large portion of its stock each quarter.
These are known as capital allocation programs. Marvell Tech does pay a dividend, which yields 0.31% per year as of the closing price on Jan. 9, 2025. Feel free to search Benzinga's <a href="https://www.benzinga.com/calendars/dividends">dividend calendar</a> for the next company due to pay a dividend and determine what kind of yield you can earn for holding a share of the company.
For example, if you're looking to earn an annualized return of 18.34%, you'll need to buy a share of Orchid Island Cap by Jan. 31, 2025. Once done, you can expect to receive a nominal payout of $0.12 on Feb. 12, 2025.
Buyback programs are obviously different and highly variable. A company can approve a buyback program and purchase shares as it sees fit over the course of time in which the buyback was authorized. Looking through the latest news on <a href="https://www.benzinga.com/quote/MRVL">Marvell</a> will often yield whether or not the company has approved a buyback program recently. Buyback programs usually serve as a support for share prices, serving as a backstop for demand.
According to data from&nbsp;<a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>, MRVL has a 52-week high of $126.12 and a 52-week low of $53.19.
Image courtesy of <a href="http://Pixabay">Pixabay</a>

Shares of Marvell Technology Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) have risen by 7.04% over the last five trading sessions as the <a href="https://www.benzinga.com/topic/semiconductors">semiconductor </a>manufacturer said that its XPU chip with a new update accelerates the performance of AI servers. Technical analysis of daily moving averages indicate a strong bullish uptrend.
What Happened: Chipmaker Marvell in a press release dated Jan. 6 said that its chip called the &#8216;Marvell AI accelerator&#8217; or XPU, when integrated Co-Packaged Optics (CPO) enhances AI server performance.
According to the press release, by leveraging integrated optics with XPUs, AI servers can achieve significantly improved connectivity. This translates to 100 times greater reach and faster data transfer rates between XPUs, enabling seamless communication across multiple racks. It also minimizes latency and power consumption, paving the way for highly scalable and efficient AI systems.
Apart from this, Marvell's CEO Matt Murphy during its third-quarter earnings call said that they expect a 26% growth in the topline in fiscal 2025 on an annual basis.
"The exceptional performance in the third quarter, and our strong forecast for the fourth quarter, are primarily driven by our custom AI silicon programs, which are now in volume production, further augmented by robust ongoing demand from cloud customers for our market-leading interconnect products.," Murphy added.
Why It Matters: Shares of Marvell have risen by 89.87% in 2024, whereas, the Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), mirrors the Nasdaq 100, rose 26.99% in the same period, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Over the last six months, the shares gained 60.12%, outperforming QQQ which just rose 3.52% in the same period.
See Also: <a href="https://www.benzinga.com/25/01/42892585/franklin-coveys-revenue-per-client-up-218-as-management-outlines-strategy-for-expansion-logo-hunting-in-q1-earnings-call">Franklin Covey Shares Fall Nearly 8% After Q1 Miss, Management Reaffirms Optimistic Guidance</a> 
<figure class="wp-block-image size-large"><a href="https://pro.benzinga.com/dashboard"><img loading="lazy" decoding="async" width="1024" height="576" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/09074440/MRVL-STOCK-AND-QQQ-1024x576.png" alt="" class="wp-image-725973" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/09074440/MRVL-STOCK-AND-QQQ-1024x576.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/09074440/MRVL-STOCK-AND-QQQ-300x169.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/09074440/MRVL-STOCK-AND-QQQ-768x432.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/09074440/MRVL-STOCK-AND-QQQ-1536x864.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/09074440/MRVL-STOCK-AND-QQQ.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Despite Wednesday&#8217;s 0.56% fall to $117.57 apiece during after-hours technical analysis of daily moving averages shows strong support for the stock.
Marvell&#8217;s shares were above its eight, 20, 50, and 200-day simple moving averages, suggesting a bullish uptrend. The 20-day moving average price was $113.87 apiece, whereas the 50-day average stood at $101.27. The 200-day moving average was at $78.20.
On the other hand, the relative strength index of 59.80 suggested that the stock could be moderately overbought but still in the neutral zone.
<figure class="wp-block-image size-large"><a href="https://pro.benzinga.com/dashboard"><img loading="lazy" decoding="async" width="1024" height="576" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/09074326/MRVL-tech-chart-1024x576.png" alt="" class="wp-image-725970" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/09074326/MRVL-tech-chart-1024x576.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/09074326/MRVL-tech-chart-300x169.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/09074326/MRVL-tech-chart-768x432.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/09074326/MRVL-tech-chart-1536x864.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/09074326/MRVL-tech-chart.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
See Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/01/42893264/charlie-mungers-top-pick-costco-reports-strong-december-sales-analysts-expect-a-7-jump-in-january">Charlie Munger&#8217;s Top Pick Costco Reports Strong December Sales: Analysts Expect A 7% Jump In January</a> 
According to <a href="https://www.benzinga.com">Benzinga</a>, MRVL has a consensus price target of $111.06 per share based on the ratings of 33 analysts. The highest price target out of all the <a href="https://www.benzinga.com/quote/MRVL/analyst-ratings">analysts </a>tracked by Benzinga is $149 apiece issued by Craig-Hallum as of Jan. 6, 2025. The lowest target price is $75 per share issued by Barclays in Jan. 16, 2024.
The average price target between Craig-Hallum, Stifel, and Morgan Stanley imply 13.12% upside for MRVL.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/quote/MRVL/analyst-ratings"><img loading="lazy" decoding="async" width="952" height="363" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/09074135/MRVL-ANR.png" alt="" class="wp-image-725960" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/09074135/MRVL-ANR.png 952w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/09074135/MRVL-ANR-300x114.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/09074135/MRVL-ANR-768x293.png 768w" sizes="(max-width: 952px) 100vw, 952px" /></a></figure>
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Courtesy of Marvell Technology, Inc.

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MRVL Stock Has Gained Over 7% In Last Five Sessions As Marvell Technology's New Chip Boosts AI Server Performance: Here's What Technical Analysis Says

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Shares of companies within the broader tech sector are trading lower amid overall market weakness following recent economic data and a rise in yields. Also, the sector may be falling in response to a recent pullback in NVIDIA as investors evaluate CES announcements.

JPMorgan analyst Harlan Sur shared key takeaways of a virtual meeting on Monday with <a href="https://www.benzinga.com/quote/mrvl/analyst-ratings">Marvell Technology, In</a><a href="https://www.benzinga.com/quote/mrvl/analyst-ratings" target="_blank" rel="noreferrer noopener">c. </a>(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>).
The analyst said the company is on track to significantly exceed its previous AI target of $2.5 billion in CY25, driven by strong performance in AI optical/copper networking products and two AI ASIC programs for AWS and Google.
The company is expanding into scale-up networking applications (within-rack connectivity) with solutions like active electrical cables (AEC), co-packaged optics (CPO), and linear pluggable optics (LPO), said the analyst.
Sur noted the Amazon partnership remained strong, with a clear path to multi-generational product wins.
Despite competitive noise around Amazon's 3nm AI compute ASIC program, the company expected no revenue disruption in CY26 and forecasts continued AI ASIC growth in both CY25 and CY26, added the analyst.
The analyst wrote that given the AI accelerator market&#8217;s significant growth since April 2024 and the increasing adoption of custom silicon, the company now viewed the $8 billion AI Custom ASICs revenue target for CY28 as conservative.
Sur further said Marvell's optical networking products, including the 800G PAM4 DSP and 1.6T PAM4 DSP, are seeing strong demand, with significant growth expected in DCI products.
The carrier and enterprise networking segments are on track for a $2 billion revenue run-rate, with continued growth through CY25 as shipping aligns with consumption trends, added the analyst.
Yesterday, the company unveiled its&nbsp;custom XPU architecture&nbsp;featuring <a target="_blank" href="https://benzinga.com/news/25/01/42820909/whats-going-on-with-marvell-technology-mrvl-stock" rel="noreferrer noopener">co-packaged optics technology</a>.
Investors can gain exposure to the stock via Spear Alpha ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPRX#NASDAQ">SPRX</a>) and Segall Bryant &amp; Hamill Trust Segall Bryant &amp; Hamill Select Equity ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USSE#NYSE">USSE</a>).
MRVL Price Action: Marvell Technology shares are down 1.89% at $116.76 at publication Tuesday.
Read Next:
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<li><a href="https://www.benzinga.com/25/01/42813592/ai-chip-stocks-nvidia-broadcom-amd-taiwan-semi-micron-super-micro-surge-on-monday-whats-going-on" target="_blank" rel="noreferrer noopener">AI Chip Stocks Nvidia, Broadcom, AMD, Taiwan Semi, Micron, Super Micro Surge Premarket: Whats Going On?</a></li>
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Photo: Shutterstock

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Marvell Technology, Inc. Announces Conference Call to Review Third Quarter of Fiscal Year 2025 Financial Results

Marvell Expands Strategic Collaboration with AWS to Enable Accelerated Infrastructure for AI in the Cloud

Marvell Unveils Industry's First 3nm 1.6 Tbps PAM4 Interconnect Platform to Scale Accelerated Infrastructure

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Marvell Technology, Inc. Reports Third Quarter of Fiscal Year 2025 Financial Results

Marvell Introduces 1.6 Tbps LPO Chipset to Enable Optical Short-reach, Scale-up Compute Fabric Interconnects

Marvell Announces Breakthrough Custom HBM Compute Architecture to Optimize Cloud AI Accelerators

Marvell Unveils Industry's First Coherent-lite 1.6 Tbps O-band-optimized DSP for Data Center Campus Connectivity

Dividends

Marvell Technology, Inc. Declares Quarterly Dividend Payment

Marvell Announces Breakthrough Co-Packaged Optics Architecture for Custom AI Accelerators

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