Marvell Technology (NASDAQ:MRVL) Price Target Lowered to $122.00 at Evercore ISI

Key Points

• Evercore ISI has lowered its price target for Marvell Technology from $133.00 to $122.00, maintaining an "outperform" rating with a potential upside of 57.97% from the previous close.
• Multiple brokerages have adjusted their ratings on Marvell, with Jefferies lowering its target to $80.00 and Melius Research increasing theirs to $76.00, reflecting a range of outlooks among analysts.
• Marvell reported strong quarterly earnings, with $2.01 billion in revenue and a quarterly EPS of $0.67, while the stock's average rating stands at "Moderate Buy" with a consensus price target of $93.32.

Marvell Technology (NASDAQ:MRVL - Get Free Report) had its price objective lowered by investment analysts at Evercore ISI from $133.00 to $122.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has an "outperform" rating on the semiconductor company's stock. Evercore ISI's price objective points to a potential upside of 57.97% from the company's previous close.

Several other brokerages also recently issued reports on MRVL. Jefferies Financial Group cut their price objective on Marvell Technology from $90.00 to $80.00 and set a "buy" rating for the company in a research report on Friday. Melius Research upped their price target on shares of Marvell Technology from $67.00 to $76.00 and gave the stock a "hold" rating in a research report on Wednesday, June 18th. Wall Street Zen cut shares of Marvell Technology from a "buy" rating to a "hold" rating in a research report on Sunday, August 17th. TD Cowen increased their price target on shares of Marvell Technology from $60.00 to $70.00 and gave the company a "buy" rating in a research note on Friday, May 30th. Finally, Raymond James Financial restated an "outperform" rating and issued a $90.00 price objective (down previously from $110.00) on shares of Marvell Technology in a research report on Friday, May 30th. One analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $93.32.

Marvell Technology Stock Performance

Shares of NASDAQ:MRVL opened at $77.23 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.30 and a quick ratio of 0.94. The business's fifty day moving average price is $74.90 and its two-hundred day moving average price is $71.08. Marvell Technology has a fifty-two week low of $47.08 and a fifty-two week high of $127.48. The stock has a market capitalization of $66.71 billion, a price-to-earnings ratio of -135.49, a price-to-earnings-growth ratio of 0.81 and a beta of 1.83.

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

Insiders Place Their Bets

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Bank Pictet & Cie Europe AG raised its position in Marvell Technology by 0.7% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 66,710 shares of the semiconductor company's stock valued at $7,368,000 after buying an additional 460 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec raised its holdings in shares of Marvell Technology by 3.2% in the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 183,727 shares of the semiconductor company's stock valued at $20,293,000 after purchasing an additional 5,727 shares during the last quarter. Keel Point LLC raised its holdings in shares of Marvell Technology by 8.9% in the fourth quarter. Keel Point LLC now owns 3,373 shares of the semiconductor company's stock valued at $373,000 after purchasing an additional 275 shares during the last quarter. Mercer Global Advisors Inc. ADV lifted its position in shares of Marvell Technology by 3.7% in the fourth 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 in the last quarter. Finally, Meiji Yasuda Life Insurance Co bought a new position in Marvell Technology in the fourth quarter valued at $607,000. 83.51% of the stock is owned by institutional investors and hedge funds.

About Marvell Technology

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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