Evercore ISI Issues Pessimistic Forecast for Marvell Technology (NASDAQ:MRVL) Stock Price

Marvell Technology (NASDAQ:MRVL) had its price target cut by investment analysts at Evercore ISI from $133.00 to $122.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has an “outperform” rating on the semiconductor company’s stock. Evercore ISI’s price objective would suggest a potential upside of 94.05% from the company’s previous close.

MRVL has been the topic of a number of other reports. TD Cowen lifted their price target on Marvell Technology from $60.00 to $70.00 and gave the stock a “buy” rating in a research note on Friday, May 30th. Bank of America restated a “neutral” rating and set a $78.00 price target (down from $90.00) on shares of Marvell Technology in a research report on Friday. The Goldman Sachs Group began coverage on shares of Marvell Technology in a research note on Thursday, July 10th. They issued a “neutral” rating and a $75.00 price target for the company. Deutsche Bank Aktiengesellschaft dropped their target price on Marvell Technology from $100.00 to $85.00 and set a “buy” rating on the stock in a report on Friday, May 30th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $85.00 price target (down from $95.00) on shares of Marvell Technology in a report on Friday, May 30th. One analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $90.50.

Marvell Technology Stock Down 18.6%

Shares of NASDAQ MRVL opened at $62.87 on Friday. Marvell Technology has a 52 week low of $47.08 and a 52 week high of $127.48. The business has a 50-day simple moving average of $74.69 and a two-hundred day simple moving average of $70.52. 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 cap of $54.31 billion, a P/E ratio of -483.62, a P/E/G ratio of 0.68 and a beta of 1.83.

Marvell Technology (NASDAQ:MRVL) last issued its earnings results on Thursday, August 28th. The semiconductor company reported $0.67 EPS for the quarter, hitting the consensus estimate of $0.67. The business 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 firm’s revenue was up 57.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.30 EPS. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. Research analysts anticipate that Marvell Technology will post 0.91 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Mark Casper sold 3,000 shares of Marvell Technology stock in a transaction on Friday, July 18th. The stock was sold at an average price of $72.35, for a total value of $217,050.00. Following the transaction, the executive vice president directly owned 17,163 shares in the company, valued at approximately $1,241,743.05. This trade represents a 14.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Panteha Dixon sold 1,283 shares of Marvell Technology stock in a transaction 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 completion of the transaction, the chief accounting officer owned 29,572 shares in the company, valued at $2,025,682. This represents a 4.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,783 shares of company stock worth $407,716 in the last ninety days. 0.19% of the stock is owned by company insiders.

Hedge Funds Weigh In On Marvell Technology

Several institutional investors and hedge funds have recently modified their holdings of MRVL. Bank Pictet & Cie Europe AG increased its position in shares of Marvell Technology by 0.7% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 66,710 shares of the semiconductor company’s stock worth $7,368,000 after acquiring an additional 460 shares during the period. Caisse DE Depot ET Placement DU Quebec lifted its position in 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 period. Keel Point LLC lifted its position in 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 period. Mercer Global Advisors Inc. ADV lifted its position in 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 valued at $4,264,000 after purchasing an additional 1,362 shares during the period. Finally, Meiji Yasuda Life Insurance Co purchased a new stake in shares of Marvell Technology during the 4th quarter worth approximately $607,000. Hedge funds and other institutional investors 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.