Marvell Technology (NASDAQ:MRVL) Cut to Hold at Wall Street Zen

Wall Street Zen cut shares of Marvell Technology (NASDAQ:MRVL) from a buy rating to a hold rating in a research note issued to investors on Sunday.

Other research analysts also recently issued reports about the company. UBS Group upped their price target on Marvell Technology from $115.00 to $120.00 and gave the stock a “buy” rating in a research note on Monday, February 23rd. KeyCorp lifted their price objective on shares of Marvell Technology from $90.00 to $130.00 and gave the company an “overweight” rating in a research report on Wednesday, December 3rd. Raymond James Financial reissued a “strong-buy” rating on shares of Marvell Technology in a report on Tuesday, January 6th. Bank of America upgraded shares of Marvell Technology from a “neutral” rating to a “buy” rating and upped their target price for the stock from $90.00 to $110.00 in a research report on Friday, March 6th. Finally, Royal Bank Of Canada raised their target price on shares of Marvell Technology from $105.00 to $115.00 and gave the company an “outperform” rating in a research note on Monday, March 2nd. Two analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $117.24.

Marvell Technology Price Performance

NASDAQ:MRVL opened at $90.79 on Friday. The business’s 50-day simple moving average is $81.78 and its two-hundred day simple moving average is $83.02. Marvell Technology has a 52 week low of $47.08 and a 52 week high of $102.77. The stock has a market cap of $79.38 billion, a PE ratio of 29.48, a P/E/G ratio of 0.83 and a beta of 1.97. The company has a quick ratio of 1.58, a current ratio of 2.01 and a debt-to-equity ratio of 0.28.

Marvell Technology (NASDAQ:MRVL) last released its quarterly earnings data on Thursday, March 5th. The semiconductor company reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.01. Marvell Technology had a return on equity of 14.22% and a net margin of 32.58%.The firm had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.21 billion. During the same quarter in the prior year, the company posted $0.60 earnings per share. The business’s quarterly revenue was up 22.1% compared to the same quarter last year. Marvell Technology has set its Q1 2027 guidance at 0.740-0.840 EPS. As a group, analysts forecast that Marvell Technology will post 0.91 EPS for the current fiscal year.

Insiders Place Their Bets

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 transaction of $465,400.00. Following the transaction, the executive vice president directly owned 19,418 shares of the company’s stock, valued at $1,807,427.44. This trade represents a 20.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.33% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Trifecta Capital Advisors LLC lifted its position in shares of Marvell Technology by 8.8% in the third quarter. Trifecta Capital Advisors LLC now owns 1,430 shares of the semiconductor company’s stock valued at $120,000 after acquiring an additional 116 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Marvell Technology by 1.7% during the third quarter. GAMMA Investing LLC now owns 7,306 shares of the semiconductor company’s stock worth $614,000 after purchasing an additional 122 shares in the last quarter. FSM Wealth Advisors LLC increased its position in shares of Marvell Technology by 4.4% during the third quarter. FSM Wealth Advisors LLC now owns 2,939 shares of the semiconductor company’s stock worth $247,000 after purchasing an additional 123 shares in the last quarter. Keel Point LLC raised its stake in Marvell Technology by 2.2% in the 4th quarter. Keel Point LLC now owns 5,649 shares of the semiconductor company’s stock valued at $480,000 after purchasing an additional 124 shares during the last quarter. Finally, Faithward Advisors LLC raised its stake in Marvell Technology by 2.1% in the 3rd quarter. Faithward Advisors LLC now owns 6,242 shares of the semiconductor company’s stock valued at $525,000 after purchasing an additional 126 shares during the last quarter. Institutional investors and hedge funds own 83.51% of the company’s stock.

About Marvell Technology

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.