Marvell Technology (NASDAQ:MRVL) Shares Gap Down After Analyst Downgrade

Marvell Technology, Inc. (NASDAQ:MRVL - Get Free Report)'s share price gapped down prior to trading on Friday after Rosenblatt Securities lowered their price target on the stock from $124.00 to $95.00. The stock had previously closed at $77.23, but opened at $64.53. Rosenblatt Securities currently has a buy rating on the stock. Marvell Technology shares last traded at $65.21, with a volume of 21,006,000 shares trading hands.

• How Marvell Went From Short Target to Breakout Star

MRVL has been the topic of a number of other research reports. Loop Capital lowered their price target on Marvell Technology from $110.00 to $90.00 and set a "buy" rating on the stock in a report on Friday, May 30th. UBS Group reiterated a "buy" rating on shares of Marvell Technology in a report on Monday, June 2nd. Melius Research lifted their price target on Marvell Technology from $67.00 to $76.00 and gave the company a "hold" rating in a report on Wednesday, June 18th. Susquehanna reduced their price objective 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. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on Marvell Technology from $100.00 to $85.00 and set a "buy" rating for the company in a research report on Friday, May 30th. One analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $92.26.

Check Out Our Latest Analysis on MRVL

Insider Buying and Selling

• Why Marvell Could Be the Smartest AI Bet Under $80

In related news, CFO Willem A. Meintjes sold 1,500 shares of the stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $68.52, for a total value of $102,780.00. Following the completion of the sale, the chief financial officer owned 121,348 shares in the company, valued at approximately $8,314,764.96. This trade represents a 1.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Mark Casper sold 3,000 shares of the stock in a transaction dated Friday, July 18th. The shares were sold at an average price of $72.35, for a total transaction of $217,050.00. Following the completion of the sale, the executive vice president owned 17,163 shares of the company's stock, valued at approximately $1,241,743.05. The trade was a 14.88% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 5,783 shares of company stock valued at $407,716. Insiders own 0.19% of the company's stock.

Institutional Investors Weigh In On Marvell Technology

Several hedge funds have recently made changes to their positions in MRVL. First Horizon Advisors Inc. grew its stake in shares of Marvell Technology by 6.9% in the second quarter. First Horizon Advisors Inc. now owns 2,115 shares of the semiconductor company's stock valued at $164,000 after buying an additional 137 shares in the last quarter. Richards Merrill & Peterson Inc. raised its position in shares of Marvell Technology by 4.0% in the second quarter. Richards Merrill & Peterson Inc. now owns 3,606 shares of the semiconductor company's stock valued at $279,000 after purchasing an additional 139 shares during the period. Retirement Planning Group LLC NY raised its position in shares of Marvell Technology by 4.0% in the second quarter. Retirement Planning Group LLC NY now owns 3,722 shares of the semiconductor company's stock valued at $288,000 after purchasing an additional 142 shares during the period. Harbor Capital Advisors Inc. raised its position in shares of Marvell Technology by 0.8% in the second quarter. Harbor Capital Advisors Inc. now owns 19,945 shares of the semiconductor company's stock valued at $1,544,000 after purchasing an additional 151 shares during the period. Finally, Mayflower Financial Advisors LLC raised its position in shares of Marvell Technology by 3.4% in the second quarter. Mayflower Financial Advisors LLC now owns 4,579 shares of the semiconductor company's stock valued at $354,000 after purchasing an additional 151 shares during the period. Institutional investors own 83.51% of the company's stock.

Marvell Technology Price Performance

• 3 Semiconductor Stocks Poised to Surge on AI Spending

The company has a debt-to-equity ratio of 0.22, a current ratio of 1.30 and a quick ratio of 0.94. The company has a market capitalization of $55.89 billion, a P/E ratio of -113.60, a price-to-earnings-growth ratio of 0.81 and a beta of 1.83. The company's 50-day moving average price is $74.90 and its two-hundred day moving average price is $71.08.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last posted its quarterly earnings data on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share for the quarter, hitting the consensus estimate of $0.67. The firm had revenue of $2.01 billion for the quarter, compared to analysts' expectations of $2.01 billion. Marvell Technology had a positive return on equity of 8.42% and a negative net margin of 7.56%.The company's quarterly revenue was up 57.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.30 EPS. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. As a group, sell-side analysts expect that Marvell Technology, Inc. will post 0.91 EPS for the current year.

Marvell Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Friday, July 11th were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Friday, July 11th. Marvell Technology's dividend payout ratio is currently -42.11%.

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.

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