B. Riley Financial Issues Pessimistic Forecast for Marvell Technology (NASDAQ:MRVL) Stock Price

Marvell Technology (NASDAQ:MRVL) had its target price cut by analysts at B. Riley Financial from $365.00 to $275.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm presently has a “buy” rating on the semiconductor company’s stock. B. Riley Financial‘s price objective indicates a potential upside of 64.05% from the stock’s previous close.

Several other equities analysts have also commented on the company. Needham & Company LLC lowered their price objective on Marvell Technology from $400.00 to $300.00 and set a “buy” rating for the company in a research report on Tuesday. Stifel Nicolaus upped their target price on shares of Marvell Technology from $350.00 to $370.00 and gave the stock a “buy” rating in a research report on Wednesday, October 7th. Evercore reiterated an “outperform” rating and issued a $433.00 price target on shares of Marvell Technology in a research note on Tuesday, October 6th. Susquehanna lowered their price target on shares of Marvell Technology from $340.00 to $300.00 and set a “positive” rating for the company in a research report on Tuesday. Finally, Wells Fargo & Company dropped their price objective on shares of Marvell Technology from $365.00 to $285.00 and set an “overweight” rating on the stock in a research note on Tuesday. Three investment analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, Marvell Technology currently has a consensus rating of “Moderate Buy” and a consensus price target of $300.85.

Marvell Technology Stock Down 2.2%

Shares of MRVL stock traded down $3.78 during midday trading on Tuesday, reaching $167.63. 16,584,964 shares of the stock were exchanged, compared to its average volume of 27,338,479. Marvell Technology has a 1 year low of $70.68 and a 1 year high of $329.88. The company’s 50 day moving average is $241.30 and its two-hundred day moving average is $182.81. The company has a current ratio of 3.17, a quick ratio of 2.62 and a debt-to-equity ratio of 0.27. The firm has a market cap of $146.99 billion, a PE ratio of 55.80, a price-to-earnings-growth ratio of 7.50 and a beta of 2.26.

Marvell Technology (NASDAQ:MRVL) last released its earnings results on Thursday, August 27th. The semiconductor company reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.01. Marvell Technology had a return on equity of 13.57% and a net margin of 27.93%. The company had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.72 billion. During the same quarter last year, the business posted $0.67 EPS. The firm’s revenue for the quarter was up 36.5% compared to the same quarter last year. Marvell Technology has set its Q3 2027 guidance at 1.050-1.150 EPS. On average, equities research analysts predict that Marvell Technology will post 3.05 EPS for the current year.

Insider Activity

In other Marvell Technology news, insider Sandeep Bharathi sold 3,685 shares of the firm’s stock in a transaction dated Friday, October 16th. The shares were sold at an average price of $234.97, for a total transaction of $865,864.45. Following the completion of the sale, the insider directly owned 58,748 shares in the company, valued at approximately $13,804,017.56. This trade represents a 5.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO Justin Scarpulla sold 1,100 shares of the firm’s stock in a transaction dated Thursday, October 8th. The shares were sold at an average price of $273.59, for a total transaction of $300,949.00. Following the sale, the chief accounting officer owned 909 shares of the company’s stock, valued at approximately $248,693.31. This represents a 54.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 47,285 shares of company stock valued at $11,032,063. Company insiders own 0.12% of the company’s stock.

Institutional Investors Weigh In On Marvell Technology

Institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. grew its stake in Marvell Technology by 34.1% during the 2nd quarter. BlackRock Inc. now owns 85,641,174 shares of the semiconductor company’s stock valued at $25,511,649,000 after purchasing an additional 21,798,190 shares during the last quarter. State Street Corp increased its holdings in shares of Marvell Technology by 79.3% in the second quarter. State Street Corp now owns 41,834,272 shares of the semiconductor company’s stock valued at $12,462,011,000 after purchasing an additional 18,495,866 shares during the period. Bank of America Corp DE purchased a new position in shares of Marvell Technology in the second quarter worth about $2,607,795,000. Bank of New York Mellon Corp lifted its holdings in shares of Marvell Technology by 153.3% during the second quarter. Bank of New York Mellon Corp now owns 7,957,985 shares of the semiconductor company’s stock worth $2,370,604,000 after purchasing an additional 4,815,725 shares during the period. Finally, Legal & General Group Plc acquired a new stake in shares of Marvell Technology during the second quarter worth about $1,742,526,000. Institutional investors own 83.51% of the company’s stock.

More Marvell Technology News

Here are the key news stories impacting Marvell Technology this week:

• Positive Sentiment: The transaction could strengthen Marvell’s position in AI data-center connectivity, a market the companies estimate at approximately $550 billion. Management expects more than $1 billion in annual cost synergies and accretion to adjusted earnings per share during the first year after closing. Marvell to buy Lumentum in all-stock deal, a massive bet on AI connectivity
• Positive Sentiment: Some analysts remain constructive: BMO maintained its Buy rating with a $325 target, while UBS reiterated Buy with a $350 target. Wells Fargo, RBC and Susquehanna also retained positive ratings, although each reduced its price target. Marvell’s Lumentum Acquisition Supports Outperform View
• Positive Sentiment: MRVL also benefited from a broader rebound in semiconductor shares ahead of AMD’s earnings report, providing some support after the recent AI-related selloff. Chip stocks bounce ahead of AMD earnings
• Neutral Sentiment: Wall Street remains divided. Morgan Stanley kept a Hold rating and a $300 target, citing execution risks, while other analysts continue to view the deal as strategically attractive but difficult to integrate. The transaction still requires shareholder and regulatory approval and is expected to close in the first half of 2028.
• Negative Sentiment: Investors are concerned that the all-stock structure will substantially dilute existing Marvell shareholders, while the large premium paid for Lumentum raises questions about valuation and whether projected synergies will materialize. Falling MRVL shares have also reduced the effective value of the offer. Marvell and Lumentum Have Lost $91 Billion in Market Value as Merger Doubts Mount
• Negative Sentiment: Several firms sharply lowered their outlooks: TD Cowen downgraded MRVL to Hold and cut its target to $175 from $350, Bank of America moved to Neutral with a $225 target, and Cantor Fitzgerald reduced its target to $225 and adopted a Neutral rating. Analysts cited dilution, regulatory uncertainty, customer conflicts and execution risk.

Marvell Technology Company Profile

Marvell Technology, Inc (NASDAQ: MRVL) is a semiconductor company that develops infrastructure solutions for data centers, telecommunications networks, enterprise systems, automotive applications and other connected markets. Its products are designed to support the movement, processing, storage and security of data across complex computing and communications environments.

The company’s portfolio includes data-processing and networking processors, custom application-specific integrated circuits, Ethernet switches and controllers, storage controllers, connectivity products, and electro-optics solutions.