Marvell Technology (NASDAQ:MRVL) Stock Price Down 2.4% on Analyst Downgrade

Marvell Technology, Inc. (NASDAQ:MRVL) shares fell 2.4% during mid-day trading on Wednesday after Citigroup lowered their price target on the stock from $114.00 to $113.00. Citigroup currently has a buy rating on the stock. Marvell Technology traded as low as $71.78 and last traded at $73.73. 17,038,885 shares changed hands during trading, an increase of 13% from the average session volume of 15,029,080 shares. The stock had previously closed at $75.54.

A number of other brokerages also recently issued reports on MRVL. Wells Fargo & Company boosted their price objective on shares of Marvell Technology from $90.00 to $135.00 and gave the company an “overweight” rating in a research report on Wednesday, December 3rd. Susquehanna set a $120.00 target price on shares of Marvell Technology and gave the company a “positive” rating in a research note on Wednesday, December 3rd. Evercore ISI boosted their price target on shares of Marvell Technology from $122.00 to $156.00 and gave the company an “outperform” rating in a research report on Wednesday, December 3rd. UBS Group decreased their price target on shares of Marvell Technology from $120.00 to $115.00 and set a “buy” rating for the company in a research note on Tuesday. Finally, KeyCorp raised their price objective on shares of Marvell Technology from $90.00 to $130.00 and gave the stock an “overweight” rating in a report on Wednesday, December 3rd. Two analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and twelve have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $115.31.

Insider Activity

In other news, EVP Mark Casper sold 5,000 shares of Marvell Technology 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 completion of the transaction, the executive vice president directly owned 19,418 shares in the company, 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 is accessible through the SEC website. Insiders own 0.19% of the company’s stock.

Marvell Technology News Summary

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

• Positive Sentiment: Deal bolsters AI data‑center positioning — Marvell signed an optical interconnect deal with Celestial AI that deepens its exposure to high‑performance AI servers and data‑center connectivity, expanding its addressable market and validating its AI infrastructure roadmap. Marvell Deepens AI Data Center Role With Celestial AI Optical Deal
• Positive Sentiment: Broker support on AI thesis — RBC reiterated an Outperform rating, saying Marvell’s AI infrastructure exposure remains a key driver; that endorsement likely helped offset some negative analyst moves. RBC Reiterates Outperform on Marvell (MRVL) as AI Infrastructure Thesis Strengthens
• Neutral Sentiment: Market watchers stay cautious — Benchmark reiterated a Hold rating after the Celestial AI announcement, signalling that the deal is constructive but not yet enough to change conviction for some analysts. Benchmark reiterates hold on Marvell (MRVL) after Celestial AI deal
• Neutral Sentiment: Analysts balancing upside vs. execution risks — Bank of America/TipRanks commentary reiterates a neutral outlook, noting Celestial AI upside but flagging concentration and dilution/execution risks and lowering its price target. Marvell: Neutral Outlook Balances Celestial AI Upside Against Execution, Concentration, and Dilution Risks
• Negative Sentiment: Price target cuts weigh on sentiment — Citigroup trimmed its price target to $113, signaling more conservative expectations for Marvell’s near‑term upside. Citigroup Lowers Marvell Technology (NASDAQ:MRVL) Price Target to $113.00
• Negative Sentiment: Lowered estimates from other shops — Rosenblatt reduced expectations, and at least one analyst downgrade triggered a notable intraday share drop earlier, underlining sensitivity to analyst revisions. Rosenblatt Securities Has Lowered Expectations for Marvell Technology (NASDAQ:MRVL) Stock Price Marvell Technology (NASDAQ:MRVL) Shares Down 4% After Analyst Downgrade

Institutional Investors Weigh In On Marvell Technology

Hedge funds have recently added to or reduced their stakes in the stock. Intrua Financial LLC increased its holdings in shares of Marvell Technology by 20.0% during the fourth quarter. Intrua Financial LLC now owns 4,208 shares of the semiconductor company’s stock valued at $358,000 after acquiring an additional 701 shares in the last quarter. Arrow Financial Corp grew its position in Marvell Technology by 7.0% during the 4th quarter. Arrow Financial Corp now owns 26,459 shares of the semiconductor company’s stock valued at $2,248,000 after purchasing an additional 1,729 shares during the last quarter. Gamco Investors INC. ET AL increased its stake in Marvell Technology by 25.5% during the 4th quarter. Gamco Investors INC. ET AL now owns 4,425 shares of the semiconductor company’s stock valued at $376,000 after purchasing an additional 899 shares in the last quarter. North Dakota State Investment Board bought a new stake in Marvell Technology during the 4th quarter valued at about $2,587,000. Finally, Elyxium Wealth LLC purchased a new position in Marvell Technology in the fourth quarter worth about $40,000. 83.51% of the stock is owned by institutional investors.

Marvell Technology Trading Up 0.7%

The firm’s 50 day moving average price is $85.10 and its 200-day moving average price is $81.45. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.01 and a quick ratio of 1.64. The stock has a market cap of $62.94 billion, a P/E ratio of 26.04, a P/E/G ratio of 0.56 and a beta of 1.97.

Marvell Technology (NASDAQ:MRVL) last announced its quarterly earnings results on Tuesday, December 2nd. The semiconductor company reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.02. The company had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $2.06 billion. Marvell Technology had a net margin of 31.75% and a return on equity of 13.15%. The firm’s quarterly revenue was up 36.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.43 earnings per share. Marvell Technology has set its Q4 2026 guidance at 0.740-0.840 EPS. As a group, equities research analysts forecast that Marvell Technology, Inc. will post 0.91 earnings per share for the current year.

Marvell Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 29th. Investors of record on Friday, January 9th were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, January 9th. This represents a $0.24 annualized dividend and a dividend yield of 0.3%. Marvell Technology’s dividend payout ratio (DPR) is 8.42%.

Marvell Technology Company Profile

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.