JPMorgan Chase & Co. Cuts Marvell Technology (NASDAQ:MRVL) Price Target to $120.00

Key Points

• JPMorgan Chase & Co. reduced Marvell Technology's price target from $130.00 to $120.00, maintaining an "overweight" rating and indicating a potential upside of 91.22% from the current stock price.
• Multiple analysts have lowered their price targets for Marvell Technology, with estimates now ranging from $85.00 to $122.00, reflecting varying outlooks on the semiconductor firm's performance.
• Marvell Technology reported a quarterly earnings of $0.67 EPS, meeting analyst expectations, with revenue increasing 57.6% year-over-year.

Marvell Technology (NASDAQ:MRVL - Get Free Report) had its price target cut by JPMorgan Chase & Co. from $130.00 to $120.00 in a report issued on Friday,Benzinga reports. The firm presently has an "overweight" rating on the semiconductor company's stock. JPMorgan Chase & Co.'s target price suggests a potential upside of 91.22% from the stock's current price.

Other equities research analysts have also issued research reports about the company. KeyCorp lowered their price objective on Marvell Technology from $115.00 to $90.00 and set an "overweight" rating on the stock in a report on Friday, May 30th. Rosenblatt Securities reduced their price target on shares of Marvell Technology from $124.00 to $95.00 and set a "buy" rating for the company in a research report on Friday. Wells Fargo & Company reduced their price target on shares of Marvell Technology from $95.00 to $90.00 and set an "overweight" rating for the company in a research report on Friday. Evercore ISI reduced their price target on shares of Marvell Technology from $133.00 to $122.00 and set an "outperform" rating for the company in a research report on Friday. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of Marvell Technology from $100.00 to $85.00 and set a "buy" rating for the company in a research report on Friday, May 30th. One analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $90.65.

Marvell Technology Stock Performance

Shares of MRVL stock traded down $14.48 during mid-day trading on Friday, hitting $62.76. 76,760,111 shares of the stock were exchanged, compared to its average volume of 18,676,609. The stock's fifty day simple moving average is $74.90 and its two-hundred day simple moving average is $71.08. The stock has a market capitalization of $54.21 billion, a price-to-earnings ratio of -110.31, a P/E/G ratio of 0.81 and a beta of 1.83. Marvell Technology has a 12-month low of $47.08 and a 12-month high of $127.48. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.94 and a current ratio of 1.30.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last released its quarterly earnings results on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.67. Marvell Technology had a positive return on equity of 8.42% and a negative net margin of 7.56%.The firm had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same quarter last year, the company posted $0.30 earnings per share. The business's revenue was up 57.6% on a year-over-year basis. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. On average, analysts forecast that Marvell Technology will post 0.91 EPS for the current year.

Insider Transactions at Marvell Technology

In other news, CAO Panteha Dixon sold 1,283 shares of the company's stock in a transaction on Monday, June 16th. The stock was sold at an average price of $68.50, for a total transaction of $87,885.50. Following the completion of the sale, the chief accounting officer directly owned 29,572 shares in the company, valued at $2,025,682. This represents a 4.16% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Willem A. Meintjes sold 1,500 shares of the company's stock in a transaction on Monday, June 16th. The stock was sold at an average price of $68.52, for a total value of $102,780.00. Following the sale, the chief financial officer owned 121,348 shares of the company's stock, valued at approximately $8,314,764.96. The trade was a 1.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,783 shares of company stock worth $407,716 in the last ninety days. Insiders own 0.19% of the company's stock.

Institutional Trading of Marvell Technology

A number of institutional investors have recently added to or reduced their stakes in MRVL. Bank Pictet & Cie Europe AG boosted its position in Marvell Technology by 0.7% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 66,710 shares of the semiconductor company's stock worth $7,368,000 after purchasing an additional 460 shares during the period. Caisse DE Depot ET Placement DU Quebec boosted its position in Marvell Technology by 3.2% during the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 183,727 shares of the semiconductor company's stock worth $20,293,000 after purchasing an additional 5,727 shares during the period. Keel Point LLC boosted its position in Marvell Technology by 8.9% during the 4th quarter. Keel Point LLC now owns 3,373 shares of the semiconductor company's stock worth $373,000 after purchasing an additional 275 shares during the period. Mercer Global Advisors Inc. ADV boosted its position in Marvell Technology by 3.7% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 38,607 shares of the semiconductor company's stock worth $4,264,000 after purchasing an additional 1,362 shares during the period. Finally, Meiji Yasuda Life Insurance Co purchased a new position in Marvell Technology in the 4th quarter valued at about $607,000. 83.51% of the stock is owned by hedge funds and other institutional investors.

Marvell Technology Company Profile

Marvell Technology, Inc, together with its subsidiaries, provides data infrastructure semiconductor solutions, spanning the data center core to network edge. The company develops and scales complex System-on-a-Chip architectures, integrating analog, mixed-signal, and digital signal processing functionality.

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