Morgan Stanley Issues Pessimistic Forecast for Marvell Technology (NASDAQ:MRVL) Stock Price

Marvell Technology (NASDAQ:MRVL) had its target price decreased by analysts at Morgan Stanley from $112.00 to $95.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has an “equal weight” rating on the semiconductor company’s stock. Morgan Stanley’s price target indicates a potential upside of 16.54% from the stock’s current price.

MRVL has been the subject of several other research reports. Citigroup lowered their price objective on shares of Marvell Technology from $114.00 to $113.00 and set a “buy” rating for the company in a research note on Tuesday, February 3rd. HSBC started coverage on shares of Marvell Technology in a report on Monday, November 24th. They set a “hold” rating and a $85.00 target price on the stock. Summit Insights upgraded shares of Marvell Technology from a “hold” rating to a “buy” rating in a research note on Wednesday, December 3rd. Zacks Research cut Marvell Technology from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. Finally, Wells Fargo & Company upped their price target on Marvell Technology from $90.00 to $135.00 and gave the stock an “overweight” rating in a report on Wednesday, December 3rd. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat.com, Marvell Technology presently has an average rating of “Moderate Buy” and a consensus price target of $114.78.

Marvell Technology Trading Down 0.2%

NASDAQ MRVL traded down $0.17 on Monday, reaching $81.52. The stock had a trading volume of 5,156,552 shares, compared to its average volume of 13,678,663. The company has a quick ratio of 1.64, a current ratio of 2.01 and a debt-to-equity ratio of 0.28. The stock has a fifty day moving average price of $81.90 and a two-hundred day moving average price of $81.93. Marvell Technology has a 12-month low of $47.08 and a 12-month high of $102.77. The firm has a market capitalization of $71.02 billion, a price-to-earnings ratio of 28.57, a P/E/G ratio of 0.66 and a beta of 1.97.

Marvell Technology (NASDAQ:MRVL) last issued its quarterly earnings data on Tuesday, December 2nd. The semiconductor company reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. Marvell Technology had a return on equity of 13.15% and a net margin of 31.75%.The business had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $2.06 billion. During the same period in the previous year, the firm posted $0.43 earnings per share. The company’s revenue was up 36.8% on a year-over-year basis. Marvell Technology has set its Q4 2026 guidance at 0.740-0.840 EPS. As a group, sell-side analysts forecast that Marvell Technology will post 0.91 EPS for the current fiscal year.

Insider Buying and Selling

In other Marvell Technology news, EVP Mark Casper sold 5,000 shares of the firm’s stock in a transaction that occurred 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 sale, the executive vice president owned 19,418 shares of the company’s stock, valued at approximately $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 Securities & Exchange Commission, which can be accessed through this link. 0.19% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Marvell Technology

Several hedge funds and other institutional investors have recently bought and sold shares of MRVL. Ellsworth Advisors LLC acquired a new position in Marvell Technology during the 3rd quarter worth $5,864,000. Vanguard Group Inc. lifted its stake in shares of Marvell Technology by 23.5% during the third quarter. Vanguard Group Inc. now owns 79,610,208 shares of the semiconductor company’s stock valued at $6,692,830,000 after acquiring an additional 15,166,976 shares during the period. OVERSEA CHINESE BANKING Corp Ltd boosted its holdings in Marvell Technology by 1,292.1% in the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 389,809 shares of the semiconductor company’s stock valued at $32,656,000 after acquiring an additional 361,807 shares during the last quarter. Norges Bank acquired a new stake in Marvell Technology in the second quarter worth about $716,713,000. Finally, ProShare Advisors LLC raised its holdings in Marvell Technology by 3.4% during the 2nd quarter. ProShare Advisors LLC now owns 1,277,177 shares of the semiconductor company’s stock worth $98,854,000 after purchasing an additional 41,465 shares during the last quarter. 83.51% of the stock is currently owned by institutional investors and hedge funds.

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.