Rosenblatt Securities Issues Pessimistic Forecast for Marvell Technology (NASDAQ:MRVL) Stock Price

Key Points

• Rosenblatt Securities has lowered its target price for Marvell Technology (MRVL) from $124.00 to $95.00, while maintaining a "buy" rating, indicating a potential upside of 23.01% from the current price.
• Marvell Technology's earnings report showed an EPS of $0.67, meeting analysts' expectations, and a revenue of $2.01 billion, reflecting a 57.6% increase compared to the same quarter last year.
• Insider trading activity reveals that the CFO and EVP recently sold shares at prices around $68.52 and $72.35, respectively, suggesting a decline in their stock ownership percentages.

Marvell Technology (NASDAQ:MRVL - Get Free Report) had its target price lowered by stock analysts at Rosenblatt Securities from $124.00 to $95.00 in a report issued on Friday,Benzinga reports. The firm currently has a "buy" rating on the semiconductor company's stock. Rosenblatt Securities' price objective would indicate a potential upside of 23.01% from the company's current price.

A number of other equities analysts have also issued reports on MRVL. The Goldman Sachs Group initiated coverage on shares of Marvell Technology in a research report on Thursday, July 10th. They set a "neutral" rating and a $75.00 target price on the stock. Zacks Research cut shares of Marvell Technology from a "hold" rating to a "strong sell" rating in a research report on Tuesday. Evercore ISI decreased their price objective on Marvell Technology from $133.00 to $122.00 and set an "outperform" rating on the stock in a research report on Friday. Redburn Atlantic started coverage on Marvell Technology in a research report on Wednesday, May 28th. They set a "neutral" rating and a $67.00 target price for the company. Finally, Susquehanna decreased their price target on Marvell Technology from $110.00 to $90.00 and set a "positive" rating on the stock in a report on Tuesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $92.39.

Marvell Technology Price Performance

Shares of MRVL stock opened at $77.23 on Friday. Marvell Technology has a 52 week low of $47.08 and a 52 week high of $127.48. The stock has a market capitalization of $66.71 billion, a PE ratio of -135.49, a PEG ratio of 0.81 and a beta of 1.83. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.94 and a current ratio of 1.30. The stock's fifty day moving average is $74.90 and its 200-day moving average is $71.08.

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, meeting 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 business had revenue of $2.01 billion during the quarter, compared to analysts' expectations of $2.01 billion. During the same period in the previous year, the business posted $0.30 earnings per share. The firm's revenue for the quarter was up 57.6% compared to the same quarter last year. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. Equities research analysts expect that Marvell Technology will post 0.91 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Willem A. Meintjes sold 1,500 shares of the business's stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $68.52, for a total transaction of $102,780.00. Following the completion of the transaction, the chief financial officer directly owned 121,348 shares in the company, valued at approximately $8,314,764.96. The trade was a 1.22% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Mark Casper sold 3,000 shares of the company's stock in a transaction dated 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. This trade represents a 14.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,783 shares of company stock worth $407,716. Insiders own 0.19% of the company's stock.

Hedge Funds Weigh In On Marvell Technology

Hedge funds and other institutional investors have recently made changes to their positions in the company. Thrivent Financial for Lutherans grew its holdings in shares of Marvell Technology by 55.5% in the 2nd quarter. Thrivent Financial for Lutherans now owns 265,181 shares of the semiconductor company's stock valued at $20,515,000 after buying an additional 94,634 shares during the period. MASTERINVEST Kapitalanlage GmbH acquired a new position in Marvell Technology in the second quarter valued at about $227,000. Stance Capital LLC bought a new stake in shares of Marvell Technology in the second quarter worth about $1,483,000. Pathway Financial Advisers LLC raised its position in shares of Marvell Technology by 2.3% during the second quarter. Pathway Financial Advisers LLC now owns 15,233 shares of the semiconductor company's stock worth $1,179,000 after purchasing an additional 338 shares during the period. Finally, North Dallas Bank & Trust Co. bought a new position in shares of Marvell Technology during the 2nd quarter valued at about $474,000. 83.51% of the stock is owned by 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.