Marvell Technology (NASDAQ:MRVL) Price Target Cut to $115.00 by Analysts at Rosenblatt Securities

Marvell Technology (NASDAQ:MRVL) had its price objective reduced by equities research analysts at Rosenblatt Securities from $120.00 to $115.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the semiconductor company’s stock. Rosenblatt Securities’ target price suggests a potential upside of 46.37% from the stock’s current price.

Several other analysts have also recently weighed in on the stock. Craig Hallum reaffirmed a “buy” rating and issued a $141.00 target price on shares of Marvell Technology in a report on Wednesday, December 3rd. Hsbc Global Res upgraded shares of Marvell Technology to a “hold” rating in a report on Monday, November 24th. Piper Sandler set a $110.00 price objective on shares of Marvell Technology in a research report on Wednesday, December 3rd. Cantor Fitzgerald set a $100.00 target price on shares of Marvell Technology in a research note on Tuesday, December 16th. Finally, Summit Insights raised Marvell Technology from a “hold” rating to a “buy” rating in a report on Wednesday, December 3rd. Three analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat.com, Marvell Technology currently has an average rating of “Moderate Buy” and a consensus price target of $114.88.

Marvell Technology Stock Down 0.4%

Marvell Technology stock opened at $78.57 on Tuesday. The firm has a market capitalization of $66.63 billion, a P/E ratio of 27.57, a P/E/G ratio of 0.76 and a beta of 1.97. The stock’s fifty day simple moving average is $85.80 and its 200-day simple moving average is $81.55. Marvell Technology has a twelve month low of $47.08 and a twelve month high of $121.81. The company has a current ratio of 2.01, a quick ratio of 1.64 and a debt-to-equity ratio of 0.28.

Marvell Technology (NASDAQ:MRVL) last issued its quarterly earnings results on Tuesday, December 2nd. The semiconductor company reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.02. The company had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $2.06 billion. Marvell Technology had a return on equity of 13.15% and a net margin of 31.75%.Marvell Technology’s revenue was up 36.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.43 EPS. Marvell Technology has set its Q4 2026 guidance at 0.740-0.840 EPS. As a group, equities analysts expect that Marvell Technology will post 0.91 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Mark Casper sold 5,000 shares of Marvell Technology stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $93.08, for a total transaction of $465,400.00. Following the sale, the executive vice president owned 19,418 shares in the company, valued at approximately $1,807,427.44. The trade was a 20.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.33% of the company’s stock.

Institutional Trading of Marvell Technology

A number of large investors have recently made changes to their positions in the company. Intech Investment Management LLC increased its position in Marvell Technology by 3.9% during the first quarter. Intech Investment Management LLC now owns 28,784 shares of the semiconductor company’s stock worth $1,772,000 after buying an additional 1,085 shares during the period. Hilltop National Bank acquired a new stake in shares of Marvell Technology in the second quarter valued at approximately $48,000. Wealthcare Advisory Partners LLC grew its position in shares of Marvell Technology by 95.0% during the second quarter. Wealthcare Advisory Partners LLC now owns 10,368 shares of the semiconductor company’s stock worth $802,000 after acquiring an additional 5,051 shares during the last quarter. Simplicity Wealth LLC acquired a new position in shares of Marvell Technology in the 2nd quarter valued at $425,000. Finally, Marks Group Wealth Management Inc acquired a new position in shares of Marvell Technology in the 2nd quarter valued at $201,000. 83.51% of the stock is owned by institutional investors and hedge funds.

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.