Citigroup Cuts Marvell Technology (NASDAQ:MRVL) Price Target to $113.00

Marvell Technology (NASDAQ:MRVL) had its price target reduced by Citigroup from $114.00 to $113.00 in a research report report published on Tuesday,Benzinga reports. They currently have a buy rating on the semiconductor company’s stock.

MRVL has been the topic of a number of other reports. KeyCorp upped their target price on shares of Marvell Technology from $90.00 to $130.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 3rd. Wells Fargo & Company boosted their target price on shares of Marvell Technology from $90.00 to $135.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 3rd. The Goldman Sachs Group raised their price target on Marvell Technology from $80.00 to $90.00 and gave the company a “neutral” rating in a research note on Wednesday, December 3rd. Evercore ISI upped their price objective on Marvell Technology from $122.00 to $156.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 3rd. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Marvell Technology from $90.00 to $125.00 and gave the stock a “buy” rating in a research note on Wednesday, December 3rd. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $115.31.

Marvell Technology Trading Up 0.7%

Shares of MRVL stock opened at $74.21 on Tuesday. Marvell Technology has a fifty-two week low of $47.08 and a fifty-two week high of $121.81. The company has a 50 day moving average price of $85.10 and a 200 day moving average price of $81.45. The stock has a market capitalization of $62.94 billion, a P/E ratio of 26.04, a price-to-earnings-growth ratio of 0.56 and a beta of 1.97. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.64 and a current ratio of 2.01.

Marvell Technology (NASDAQ:MRVL) last issued its quarterly earnings results on Tuesday, December 2nd. The semiconductor company reported $0.76 EPS for the quarter, beating the consensus estimate of $0.74 by $0.02. Marvell Technology had a net margin of 31.75% and a return on equity of 13.15%. The company had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $2.06 billion. During the same quarter last year, the company posted $0.43 EPS. The firm’s revenue was up 36.8% compared to the same quarter last year. Marvell Technology has set its Q4 2026 guidance at 0.740-0.840 EPS. Equities research analysts predict that Marvell Technology will post 0.91 EPS for the current fiscal year.

Marvell Technology Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 29th. Investors of record on Friday, January 9th were given a $0.06 dividend. The ex-dividend date was Friday, January 9th. This represents a $0.24 annualized dividend and a yield of 0.3%. Marvell Technology’s dividend payout ratio is 8.42%.

Insider Transactions at Marvell Technology

In other Marvell Technology news, EVP Mark Casper sold 5,000 shares of the firm’s stock in a transaction on Monday, January 5th. The shares were sold at an average price of $93.08, for a total transaction of $465,400.00. Following the transaction, the executive vice president directly owned 19,418 shares of the company’s stock, valued at approximately $1,807,427.44. This trade represents a 20.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.19% of the company’s stock.

Hedge Funds Weigh In On Marvell Technology

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Ellsworth Advisors LLC acquired a new position in shares of Marvell Technology in the 3rd quarter valued at $5,864,000. Waterfront Wealth Inc. raised its position in shares of Marvell Technology by 21.5% in the 2nd quarter. Waterfront Wealth Inc. now owns 18,394 shares of the semiconductor company’s stock worth $1,424,000 after buying an additional 3,258 shares during the period. OVERSEA CHINESE BANKING Corp Ltd boosted its holdings in Marvell Technology by 1,292.1% in the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 389,809 shares of the semiconductor company’s stock valued at $32,656,000 after acquiring an additional 361,807 shares during the last quarter. Norges Bank purchased a new stake in Marvell Technology during the second quarter valued at about $716,713,000. Finally, Triton Financial Group Inc acquired a new stake in Marvell Technology during the second quarter worth about $1,543,000. Hedge funds and other institutional investors own 83.51% of the company’s stock.

More Marvell Technology News

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

• Positive Sentiment: Deal bolsters AI data‑center positioning — Marvell signed an optical interconnect deal with Celestial AI that deepens its exposure to high‑performance AI servers and data‑center connectivity, expanding its addressable market and validating its AI infrastructure roadmap. Marvell Deepens AI Data Center Role With Celestial AI Optical Deal
• Positive Sentiment: Broker support on AI thesis — RBC reiterated an Outperform rating, saying Marvell’s AI infrastructure exposure remains a key driver; that endorsement likely helped offset some negative analyst moves. RBC Reiterates Outperform on Marvell (MRVL) as AI Infrastructure Thesis Strengthens
• Neutral Sentiment: Market watchers stay cautious — Benchmark reiterated a Hold rating after the Celestial AI announcement, signalling that the deal is constructive but not yet enough to change conviction for some analysts. Benchmark reiterates hold on Marvell (MRVL) after Celestial AI deal
• Neutral Sentiment: Analysts balancing upside vs. execution risks — Bank of America/TipRanks commentary reiterates a neutral outlook, noting Celestial AI upside but flagging concentration and dilution/execution risks and lowering its price target. Marvell: Neutral Outlook Balances Celestial AI Upside Against Execution, Concentration, and Dilution Risks
• Negative Sentiment: Price target cuts weigh on sentiment — Citigroup trimmed its price target to $113, signaling more conservative expectations for Marvell’s near‑term upside. Citigroup Lowers Marvell Technology (NASDAQ:MRVL) Price Target to $113.00
• Negative Sentiment: Lowered estimates from other shops — Rosenblatt reduced expectations, and at least one analyst downgrade triggered a notable intraday share drop earlier, underlining sensitivity to analyst revisions. Rosenblatt Securities Has Lowered Expectations for Marvell Technology (NASDAQ:MRVL) Stock Price Marvell Technology (NASDAQ:MRVL) Shares Down 4% After Analyst Downgrade

Marvell Technology Company Profile

Marvell Technology Group is a global semiconductor company that designs and develops integrated circuits and related software for data infrastructure, networking, storage and connectivity markets. The company’s product portfolio includes system-on-chip (SoC) solutions, Ethernet physical-layer transceivers (PHYs), switch and switch silicon, optical interconnect components, storage controllers, and security processors. Marvell’s technology is used to enable high-performance data centers, carrier networks, enterprise and cloud storage, as well as connectivity in automotive and industrial applications.

Founded in 1995 and headquartered in Santa Clara, California, Marvell has grown through both organic development and strategic acquisitions to broaden its capabilities across networking and data interconnect.