Marvell Technology (NASDAQ:MRVL) Downgraded by Wall Street Zen to “Hold”

Marvell Technology (NASDAQ:MRVL) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.

A number of other equities analysts have also weighed in on MRVL. Royal Bank Of Canada started coverage on shares of Marvell Technology in a research note on Wednesday, January 14th. They issued an “outperform” rating and a $105.00 target price for the company. TD Cowen reaffirmed a “hold” rating on shares of Marvell Technology in a research report on Wednesday, December 3rd. Susquehanna set a $120.00 price objective on Marvell Technology and gave the stock a “positive” rating in a report on Wednesday, December 3rd. Rosenblatt Securities cut their target price on Marvell Technology from $120.00 to $115.00 and set a “buy” rating on the stock in a research note on Tuesday, February 3rd. Finally, Benchmark reaffirmed a “hold” rating on shares of Marvell Technology in a research report on Tuesday, February 3rd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $115.16.

Marvell Technology Trading Down 0.2%

NASDAQ:MRVL opened at $79.48 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.01 and a quick ratio of 1.64. The business’s 50-day simple moving average is $82.31 and its 200-day simple moving average is $81.78. Marvell Technology has a fifty-two week low of $47.08 and a fifty-two week high of $109.75. The stock has a market capitalization of $69.24 billion, a PE ratio of 27.89, a price-to-earnings-growth ratio of 0.63 and a beta of 1.97.

Marvell Technology (NASDAQ:MRVL) last announced its earnings results on Tuesday, December 2nd. The semiconductor company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.74 by $0.02. Marvell Technology had a net margin of 31.75% and a return on equity of 13.15%. The firm had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $2.06 billion. During the same period last year, the company posted $0.43 EPS. The business’s quarterly revenue was up 36.8% on a year-over-year basis. Marvell Technology has set its Q4 2026 guidance at 0.740-0.840 EPS. Sell-side analysts expect that Marvell Technology will post 0.91 earnings per share for the current fiscal year.

Insider Transactions at Marvell Technology

In other Marvell Technology news, EVP Mark Casper sold 5,000 shares of the stock in a transaction on Monday, January 5th. The shares were sold at an average price of $93.08, for a total value of $465,400.00. Following the completion of the sale, the executive vice president owned 19,418 shares in the company, valued at $1,807,427.44. This trade represents a 20.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.19% of the company’s stock.

Institutional Investors Weigh In On Marvell Technology

Several hedge funds have recently bought and sold shares of MRVL. Vanguard Group Inc. raised its stake in Marvell Technology by 23.5% in the third quarter. Vanguard Group Inc. now owns 79,610,208 shares of the semiconductor company’s stock valued at $6,692,830,000 after buying an additional 15,166,976 shares during the period. Norges Bank acquired a new position in shares of Marvell Technology during the 4th quarter worth approximately $895,455,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in Marvell Technology by 4,758.5% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 7,036,216 shares of the semiconductor company’s stock valued at $544,603,000 after acquiring an additional 6,891,393 shares during the period. Ameriprise Financial Inc. lifted its holdings in Marvell Technology by 59.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 16,624,827 shares of the semiconductor company’s stock valued at $1,397,751,000 after purchasing an additional 6,217,952 shares during the last quarter. Finally, Amundi boosted its position in Marvell Technology by 113.4% during the second quarter. Amundi now owns 8,648,350 shares of the semiconductor company’s stock worth $642,140,000 after purchasing an additional 4,596,309 shares during the period. 83.51% of the stock is currently owned by institutional investors and hedge funds.

Marvell Technology Company Profile

Marvell Technology Group is a global semiconductor company that designs and develops integrated circuits and related software for data infrastructure, networking, storage and connectivity markets. The company’s product portfolio includes system-on-chip (SoC) solutions, Ethernet physical-layer transceivers (PHYs), switch and switch silicon, optical interconnect components, storage controllers, and security processors. Marvell’s technology is used to enable high-performance data centers, carrier networks, enterprise and cloud storage, as well as connectivity in automotive and industrial applications.

Founded in 1995 and headquartered in Santa Clara, California, Marvell has grown through both organic development and strategic acquisitions to broaden its capabilities across networking and data interconnect.