Marvell Technology (NASDAQ:MRVL) Cut to Hold at Wall Street Zen

Key Points

• Marvell Technology has been downgraded from a "buy" to a "hold" rating by Wall Street Zen, indicating a cautious outlook from analysts.
• The company's stock performance has been volatile, with a 12-month high of $127.48 and a current value around $76.19, reflecting a 3.6% decline recently.
• Analysts maintain a mix of ratings on Marvell, with 22 analysts rated a buy while suggesting an average price target of $94.70.

Marvell Technology (NASDAQ:MRVL - Get Free Report) was downgraded by analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a report released on Sunday.

Several other equities research analysts also recently weighed in on MRVL. Morgan Stanley reaffirmed an "equal weight" rating on shares of Marvell Technology in a report on Friday, August 8th. Bank of America boosted their target price on shares of Marvell Technology from $80.00 to $90.00 and gave the stock a "buy" rating in a research report on Wednesday, June 18th. UBS Group reaffirmed a "buy" rating on shares of Marvell Technology in a research note on Monday, June 2nd. Rosenblatt Securities reiterated a "buy" rating and issued a $124.00 price objective on shares of Marvell Technology in a research note on Wednesday, June 18th. Finally, Redburn Atlantic began coverage on shares of Marvell Technology in a report on Wednesday, May 28th. They set a "neutral" rating and a $67.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $94.70.

Marvell Technology Stock Down 3.8%

MRVL traded down $2.7470 on Friday, reaching $69.3230. The company's stock had a trading volume of 3,730,092 shares, compared to its average volume of 18,320,875. The stock has a 50 day moving average of $74.52 and a two-hundred day moving average of $72.74. The company has a quick ratio of 0.94, a current ratio of 1.30 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $59.88 billion, a price-to-earnings ratio of -121.88, a P/E/G ratio of 0.83 and a beta of 1.83. Marvell Technology has a fifty-two week low of $47.08 and a fifty-two week high of $127.48.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last announced its earnings results on Thursday, May 29th. The semiconductor company reported $0.62 EPS for the quarter, beating analysts' consensus estimates of $0.61 by $0.01. The business had revenue of $1.90 billion for the quarter, compared to analysts' expectations of $1.88 billion. Marvell Technology had a negative net margin of 7.56% and a positive return on equity of 8.42%. The company's quarterly revenue was up 63.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.24 EPS. Marvell Technology has set its Q2 2026 guidance at 0.620-0.720 EPS. As a group, analysts forecast that Marvell Technology will post 0.91 EPS for the current fiscal year.

Insider Transactions at Marvell Technology

In other Marvell Technology news, EVP Mark Casper sold 3,000 shares of Marvell Technology stock in a transaction that occurred on Friday, July 18th. The shares were sold at an average price of $72.35, for a total value of $217,050.00. Following the completion of the sale, the executive vice president directly owned 17,163 shares of the company's stock, valued at approximately $1,241,743.05. The trade was a 14.88% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Willem A. Meintjes sold 1,500 shares of the company's stock in a transaction on Monday, June 16th. The shares were sold at an average price of $68.52, for a total value of $102,780.00. Following the completion of the transaction, the chief financial officer owned 121,348 shares of the company's stock, valued at $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 5,783 shares of company stock valued at $407,716 in the last 90 days. 0.33% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of Marvell Technology by 1.1% during the 2nd quarter. Vanguard Group Inc. now owns 64,443,232 shares of the semiconductor company's stock valued at $4,987,906,000 after acquiring an additional 673,110 shares during the last quarter. Brown Advisory Inc. increased its stake in shares of Marvell Technology by 8.0% during the 2nd quarter. Brown Advisory Inc. now owns 20,840,336 shares of the semiconductor company's stock valued at $1,613,044,000 after acquiring an additional 1,539,809 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Marvell Technology by 32.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 20,661,308 shares of the semiconductor company's stock valued at $1,272,117,000 after acquiring an additional 5,050,159 shares during the last quarter. State Street Corp increased its stake in shares of Marvell Technology by 2.7% during the 2nd quarter. State Street Corp now owns 20,573,260 shares of the semiconductor company's stock valued at $1,592,370,000 after acquiring an additional 533,946 shares during the last quarter. Finally, Janus Henderson Group PLC increased its stake in shares of Marvell Technology by 6.9% during the 4th quarter. Janus Henderson Group PLC now owns 13,239,154 shares of the semiconductor company's stock valued at $1,462,274,000 after acquiring an additional 857,087 shares during the last quarter. Institutional investors and hedge funds own 83.51% of the company's stock.

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.