Needham & Company LLC Cuts Marvell Technology (NASDAQ:MRVL) Price Target to $80.00

Key Points

• Needham & Company LLC has reduced Marvell Technology's price target from $85.00 to $80.00, while maintaining a "buy" rating on the stock, indicating a potential upside of 3.59% from the last close.
• Analysts generally rate Marvell Technology positively, with an average rating of "Moderate Buy" and an average target price of $94.06, although several firms have issued lowered price targets recently.
• Marvell Technology reported a 57.6% year-over-year revenue growth with an EPS of $0.67 for the quarter, matching expectations and guiding for $0.690-0.790 EPS in Q3 2026.

Marvell Technology (NASDAQ:MRVL - Get Free Report) had its price objective reduced by research analysts at Needham & Company LLC from $85.00 to $80.00 in a report released on Friday, Marketbeat.com reports. The brokerage presently has a "buy" rating on the semiconductor company's stock. Needham & Company LLC's price target would indicate a potential upside of 27.03% from the company's current price.

Other analysts also recently issued reports about the company. Bank of America upped their target price on Marvell Technology from $80.00 to $90.00 and gave the company a "buy" rating in a research report on Wednesday, June 18th. Susquehanna dropped their price objective on Marvell Technology from $110.00 to $90.00 and set a "positive" rating for the company in a research report on Tuesday, May 27th. Piper Sandler restated an "overweight" rating and set a $85.00 price objective (down from $95.00) on shares of Marvell Technology in a research report on Friday, May 30th. Melius Research upped their price objective on Marvell Technology from $67.00 to $76.00 and gave the stock a "hold" rating in a research report on Wednesday, June 18th. Finally, UBS Group restated a "buy" rating on shares of Marvell Technology in a research report on Monday, June 2nd. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $90.50.

Marvell Technology Price Performance

Shares of NASDAQ:MRVL traded up $0.11 during trading on Friday, reaching $62.98. 20,189,991 shares of the company traded hands, compared to its average volume of 18,816,695. The company's 50 day moving average is $74.53 and its two-hundred day moving average is $69.98. The firm has a market capitalization of $54.40 billion, a PE ratio of -485.38, a PEG ratio of 0.68 and a beta of 1.85. The company has a quick ratio of 0.94, a current ratio of 1.30 and a debt-to-equity ratio of 0.22. Marvell Technology has a 52 week low of $47.08 and a 52 week high of $127.48.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last released its earnings results on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share for the quarter, meeting analysts' consensus estimates of $0.67. The firm had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2.01 billion. Marvell Technology had a positive return on equity of 11.02% and a negative net margin of 1.43%.The company's revenue was up 57.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.30 EPS. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. As a group, sell-side analysts predict that Marvell Technology will post 0.91 earnings per share for the current year.

Insider Activity

In other news, CAO Panteha Dixon sold 1,283 shares of the stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $68.50, for a total value of $87,885.50. Following the completion of the sale, the chief accounting officer owned 29,572 shares of the company's stock, valued at approximately $2,025,682. This represents a 4.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Willem A. Meintjes sold 1,500 shares of the stock in a transaction dated 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 sale, the chief financial officer directly 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 position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 5,783 shares of company stock valued at $407,716. Company insiders own 0.33% of the company's stock.

Institutional Investors Weigh In On Marvell Technology

Several institutional investors and hedge funds have recently made changes to their positions in MRVL. Norges Bank acquired a new stake in shares of Marvell Technology in the second quarter valued at about $716,713,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its stake in Marvell Technology by 4,758.5% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 7,036,216 shares of the semiconductor company's stock worth $544,603,000 after purchasing an additional 6,891,393 shares during the period. Nuveen Asset Management LLC grew its stake in Marvell Technology by 232.2% during the fourth quarter. Nuveen Asset Management LLC now owns 9,360,425 shares of the semiconductor company's stock worth $1,033,859,000 after purchasing an additional 6,543,132 shares during the period. Nuveen LLC acquired a new stake in Marvell Technology during the first quarter worth approximately $399,587,000. Finally, Goldman Sachs Group Inc. grew its stake in Marvell Technology by 32.3% during the first quarter. Goldman Sachs Group Inc. now owns 20,661,308 shares of the semiconductor company's stock worth $1,272,117,000 after purchasing an additional 5,050,159 shares during the period. 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.