Needham & Company LLC Cuts Marvell Technology (NASDAQ:MRVL) Price Target to $80.00

Marvell Technology (NASDAQ:MRVL) had its target price lowered by Needham & Company LLC from $85.00 to $80.00 in a report issued on Friday,Briefing.com Automated Import reports. The brokerage presently has a “buy” rating on the semiconductor company’s stock. Needham & Company LLC’s price objective points to a potential upside of 3.59% from the company’s previous close.

Several other analysts have also recently commented on the stock. Wall Street Zen cut shares of Marvell Technology from a “buy” rating to a “hold” rating in a report on Sunday, August 17th. Melius Research raised their price target on shares of Marvell Technology from $67.00 to $76.00 and gave the stock a “hold” rating in a report on Wednesday, June 18th. Wells Fargo & Company set a $95.00 price target on shares of Marvell Technology and gave the stock an “overweight” rating in a report on Friday, August 22nd. Benchmark restated a “buy” rating and set a $95.00 price target on shares of Marvell Technology in a report on Wednesday, June 18th. Finally, The Goldman Sachs Group started coverage on shares of Marvell Technology in a report on Thursday, July 10th. They set a “neutral” rating and a $75.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $94.06.

Marvell Technology Stock Performance

Shares of MRVL opened at $77.23 on Friday. Marvell Technology has a one year low of $47.08 and a one year high of $127.48. The company has a 50-day moving average of $74.90 and a two-hundred day moving average of $71.08. The stock has a market cap of $66.71 billion, a price-to-earnings ratio of -135.49, a PEG ratio of 0.81 and a beta of 1.83. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.30 and a quick ratio of 0.94.

Marvell Technology (NASDAQ:MRVL) last announced its earnings results on Thursday, August 28th. The semiconductor company reported $0.67 EPS for the quarter, hitting the consensus estimate of $0.67. Marvell Technology had a negative net margin of 7.56% and a positive return on equity of 8.42%. The company had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $2.01 billion. During the same period last year, the company posted $0.30 earnings per share. The business’s revenue for the quarter was up 57.6% on a year-over-year basis. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. On average, equities research analysts expect that Marvell Technology will post 0.91 earnings per share for the current year.

Insider Activity at Marvell Technology

In related news, CAO Panteha Dixon sold 1,283 shares of the firm’s stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $68.50, for a total transaction of $87,885.50. Following the transaction, the chief accounting officer owned 29,572 shares of the company’s stock, valued at approximately $2,025,682. This trade represents a 4.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Willem A. Meintjes sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $68.52, for a total transaction of $102,780.00. Following the transaction, the chief financial officer directly owned 121,348 shares in the company, valued at approximately $8,314,764.96. The trade was a 1.22% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,783 shares of company stock valued at $407,716. 0.19% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Marvell Technology

A number of institutional investors have recently modified their holdings of the company. Thrivent Financial for Lutherans raised its position in shares of Marvell Technology by 55.5% in the second quarter. Thrivent Financial for Lutherans now owns 265,181 shares of the semiconductor company’s stock valued at $20,515,000 after purchasing an additional 94,634 shares during the period. MASTERINVEST Kapitalanlage GmbH bought a new position in shares of Marvell Technology in the second quarter valued at approximately $227,000. Stance Capital LLC bought a new position in shares of Marvell Technology in the second quarter valued at approximately $1,483,000. Pathway Financial Advisers LLC raised its position in shares of Marvell Technology by 2.3% in the second quarter. Pathway Financial Advisers LLC now owns 15,233 shares of the semiconductor company’s stock valued at $1,179,000 after purchasing an additional 338 shares during the period. Finally, North Dallas Bank & Trust Co. bought a new position in shares of Marvell Technology in the second quarter valued at approximately $474,000. Institutional investors own 83.51% of the company’s stock.

Marvell Technology Company Profile

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.