UBS Group Issues Pessimistic Forecast for Marvell Technology (NASDAQ:MRVL) Stock Price

Marvell Technology (NASDAQ:MRVL) had its price target dropped by research analysts at UBS Group from $110.00 to $95.00 in a report released on Friday,Benzinga reports. The firm currently has a “buy” rating on the semiconductor company’s stock. UBS Group’s price objective would indicate a potential upside of 51.11% from the stock’s previous close.

Several other analysts also recently commented on MRVL. Needham & Company LLC lowered their price objective on Marvell Technology from $85.00 to $80.00 and set a “buy” rating for the company in a research note on Friday. Raymond James Financial reaffirmed an “outperform” rating and set a $90.00 target price (down previously from $110.00) on shares of Marvell Technology in a research report on Friday, May 30th. Susquehanna lowered their price target 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. Jefferies Financial Group dropped their price objective on Marvell Technology from $90.00 to $80.00 and set a “buy” rating on the stock in a research note on Friday. Finally, Benchmark reiterated a “buy” rating and issued a $95.00 target price on shares of Marvell Technology in a research note on Friday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Marvell Technology has an average rating of “Moderate Buy” and an average target price of $90.50.

Marvell Technology Stock Down 18.6%

Marvell Technology stock opened at $62.87 on Friday. The firm has a market capitalization of $54.31 billion, a price-to-earnings ratio of -483.62, a price-to-earnings-growth ratio of 0.68 and a beta of 1.83. The firm’s fifty day moving average price is $74.69 and its two-hundred day moving average price is $70.52. Marvell Technology has a 1-year low of $47.08 and a 1-year high of $127.48. The company has a current ratio of 1.30, a quick ratio of 0.94 and a debt-to-equity ratio of 0.22.

Marvell Technology (NASDAQ:MRVL) last posted its earnings results on Thursday, August 28th. The semiconductor company reported $0.67 EPS for the quarter, hitting the consensus estimate of $0.67. Marvell Technology had a negative net margin of 1.43% and a positive return on equity of 11.02%. The company had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2.01 billion. During the same period in the previous year, the firm posted $0.30 earnings per share. The firm’s revenue for the quarter was up 57.6% on a year-over-year basis. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. On average, equities research analysts predict that Marvell Technology will post 0.91 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CAO Panteha Dixon sold 1,283 shares of the stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $68.50, for a total transaction of $87,885.50. Following the completion of the transaction, the chief accounting officer owned 29,572 shares in the company, valued at approximately $2,025,682. This represents a 4.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Willem A. Meintjes sold 1,500 shares of the firm’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 sale, the chief financial officer owned 121,348 shares of the company’s stock, valued at $8,314,764.96. This trade represents a 1.22% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 5,783 shares of company stock valued at $407,716. 0.19% of the stock is owned by insiders.

Hedge Funds Weigh In On Marvell Technology

Several institutional investors have recently bought and sold shares of the company. Centaurus Financial Inc. grew its holdings in Marvell Technology by 24.9% during the second quarter. Centaurus Financial Inc. now owns 16,726 shares of the semiconductor company’s stock valued at $1,295,000 after purchasing an additional 3,332 shares during the period. Thrivent Financial for Lutherans grew its stake in shares of Marvell Technology by 55.5% during the 2nd quarter. Thrivent Financial for Lutherans now owns 265,181 shares of the semiconductor company’s stock worth $20,515,000 after acquiring an additional 94,634 shares during the period. MASTERINVEST Kapitalanlage GmbH purchased a new stake in Marvell Technology in the 2nd quarter worth about $227,000. Stance Capital LLC bought a new stake in Marvell Technology in the 2nd quarter valued at about $1,483,000. Finally, Pathway Financial Advisers LLC lifted its holdings in Marvell Technology by 2.3% during the second quarter. Pathway Financial Advisers LLC now owns 15,233 shares of the semiconductor company’s stock valued at $1,179,000 after purchasing an additional 338 shares during the last quarter. Hedge funds and other institutional investors own 83.51% of the company’s stock.

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.