Citigroup Lowers Marvell Technology (NASDAQ:MRVL) Price Target to $113.00

Marvell Technology (NASDAQ:MRVL) had its price objective cut by equities researchers at Citigroup from $114.00 to $113.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the semiconductor company’s stock. Citigroup’s price target indicates a potential upside of 52.66% from the company’s previous close.

A number of other research firms have also recently issued reports on MRVL. Craig Hallum restated a “buy” rating and issued a $141.00 price objective on shares of Marvell Technology in a research report on Wednesday, December 3rd. Wells Fargo & Company increased their target price on Marvell Technology from $90.00 to $135.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 3rd. Oppenheimer reissued an “outperform” rating and set a $150.00 price objective (up previously from $115.00) on shares of Marvell Technology in a research report on Wednesday, December 3rd. Melius Research raised shares of Marvell Technology from a “hold” rating to a “buy” rating and set a $135.00 price objective on the stock in a research note on Monday, January 5th. Finally, KeyCorp raised their price objective on Marvell Technology from $90.00 to $130.00 and gave the company an “overweight” rating in a research report on Wednesday, December 3rd. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and twelve have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $115.31.

Marvell Technology Stock Down 5.9%

Shares of NASDAQ:MRVL traded down $4.64 during midday trading on Tuesday, hitting $74.02. 9,138,808 shares of the company’s stock were exchanged, compared to its average volume of 14,279,501. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.01 and a quick ratio of 1.64. Marvell Technology has a 12 month low of $47.08 and a 12 month high of $121.81. The company has a market cap of $62.78 billion, a PE ratio of 25.98, a price-to-earnings-growth ratio of 0.76 and a beta of 1.97. The stock has a 50 day moving average price of $85.80 and a 200-day moving average price of $81.55.

Marvell Technology (NASDAQ:MRVL) last released its quarterly earnings results on Tuesday, December 2nd. The semiconductor company reported $0.76 earnings per share 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 business had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $2.06 billion. During the same period in the previous year, the company earned $0.43 earnings per share. The firm’s revenue for the quarter was up 36.8% compared to the same quarter last year. Marvell Technology has set its Q4 2026 guidance at 0.740-0.840 EPS. On average, sell-side analysts anticipate that Marvell Technology will post 0.91 EPS for the current fiscal year.

Insider Transactions at Marvell Technology

In other Marvell Technology news, EVP Mark Casper sold 5,000 shares of the firm’s stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $93.08, for a total transaction of $465,400.00. Following the sale, 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.33% of the company’s stock.

Hedge Funds Weigh In On Marvell Technology

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position 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 worth $6,692,830,000 after acquiring an additional 15,166,976 shares in the last quarter. Norges Bank purchased a new stake in Marvell Technology during the 2nd quarter valued at $716,713,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in Marvell Technology by 4,758.5% during the second 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 last quarter. Ameriprise Financial Inc. raised its stake in shares of Marvell Technology by 59.7% in the third quarter. Ameriprise Financial Inc. now owns 16,624,827 shares of the semiconductor company’s stock valued at $1,397,751,000 after acquiring an additional 6,217,952 shares during the period. Finally, Amundi lifted its holdings in shares of Marvell Technology by 113.4% in the 2nd quarter. Amundi now owns 8,648,350 shares of the semiconductor company’s stock worth $642,140,000 after acquiring an additional 4,596,309 shares during the last quarter. 83.51% of the stock is owned by institutional investors.

Key Headlines Impacting Marvell Technology

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

• Positive Sentiment: Marvell completed its acquisition of Celestial AI, adding Photonic Fabric optical interconnect technology aimed at high?bandwidth, low?latency AI data?center connectivity — a strategic step to capture longer?term AI infrastructure demand. Business Wire: Marvell Completes Acquisition of Celestial AI
• Positive Sentiment: Market commentary and analyst pieces continue to flag Marvell as an AI?infrastructure beneficiary (high institutional ownership, robust revenue growth last quarter), supporting a constructive long?term thesis for investors focused on AI tailwinds. MarketBeat: Top 5 MarketRank Stocks (includes MRVL)
• Neutral Sentiment: Needham kept a Buy rating on MRVL but cut its price target to $118, citing that Celestial adds long?term photonics growth though it could pressure near?term EPS — a mixed read: strategic upside but tempered near?term expectations. TipRanks: Needham on Celestial AI acquisition
• Neutral Sentiment: Rosenblatt also trimmed its price target (to $115) while maintaining a Buy — another signal that analysts expect upside but are marking down near?term valuation assumptions. Benzinga: Rosenblatt price target cut
• Neutral Sentiment: Benchmark reaffirmed a Hold rating — a reminder there’s not unanimous bullish conviction and that some investors may prefer to wait for clearer near?term earnings/guidance signals. TickerReport: Benchmark Hold
• Negative Sentiment: Collective analyst price?target cuts and commentary about near?term EPS pressure, plus reports that institutional holders may take action after recent weakness, are pressuring sentiment and likely explain the intraday decline. Yahoo Finance: Institutional owners may take action

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.