Marvell Technology's Stock Rating Downgraded

On January 3, 2025, Marvell Technology (NASDAQ:MRVL) received a downgrade from equities research analysts at StockNews.com, shifting its rating from "hold" to "sell." This change comes as part of a broader evaluation of the company's stock performance.

In addition to StockNews.com, other research firms have also offered insights on Marvell Technology's stock. On December 4th, B. Riley increased their price target for Marvell shares from $105.00 to $135.00 and assigned a "buy" rating. Stifel Nicolaus also reaffirmed a "buy" rating but adjusted their target price upward from $114.00 to $125.00. Similarly, Cantor Fitzgerald raised its target price to $135.00 while maintaining an "overweight" rating.

Evercore ISI increased their price target from $98.00 to $122.00, giving the company an "outperform" rating. Furthermore, Bank of America raised its target from $108.00 to $125.00, reiterating a "buy" rating on December 4th. Currently, one analyst has rated the stock as a sell, two have a hold rating, and a significant majority of twenty-four analysts have given Marvell Technology a buy rating. Market data indicates an average rating of "Moderate Buy" along with a consensus price target of $119.76.

Marvell Technology's Stock Performance

On the trading day following the downgrade, Marvell Technology stock opened at $113.56. Over the past year, the stock has fluctuated between a low of $53.19 and a high of $126.15. The company holds a market capitalization of $98.26 billion, with a price-to-earnings (P/E) ratio of -66.80 and a P/E/G ratio of 4.03. Marvell Technology has a beta of 1.46, indicating a level of volatility relative to the market.

In terms of liquidity, the company features a debt-to-equity ratio of 0.30, with a quick ratio of 1.11 and a current ratio of 1.60. The fifty-day moving average stands at $99.80, while the two-hundred day moving average is at $80.88.

Recent Insider Trading Activity

Recent activities by Marvell's insiders include the sale of shares by CFO Willem A. Meintjes, who sold 1,500 shares on October 15th at an average price of $80.50, totaling $120,750. Following this transaction, the CFO retains 110,253 shares valued at approximately $8,875,366. Additionally, EVP Chris Koopmans sold 6,000 shares on December 16th at an average price of $122.50, amounting to $735,000. After this sale, Koopmans holds 97,244 shares worth about $11,912,390. Insider trading over the past ninety days has resulted in a total of 172,500 shares sold, valued at $14,267,670, with insiders owning 0.33% of the company's stock.

Institutional Investment Trends

Institutional investors have recently made adjustments to their stakes in Marvell Technology. True Wealth Design LLC increased its holdings by an impressive 1,481.8% during the third quarter, now owning 348 shares valued at $25,000 after acquiring 326 shares in the last quarter. Strategic Investment Solutions Inc. IL also entered a new position valued at approximately $32,000 during the second quarter. Quarry LP added approximately $32,000 in shares, while Whittier Trust Co. raised its stake by 74.5%, now holding 492 shares worth $35,000 after purchasing an additional 210 shares. Goodman Advisory Group LLC also took a new stake in the third quarter, valued at around $37,000. Institutional investors collectively own 83.51% of Marvell Technology's stock.

Overview of Marvell Technology

Marvell Technology, Inc., along with its subsidiaries, specializes in providing semiconductor solutions that support data infrastructure across various sectors, from data centers to network edges. The company is noted for developing and scaling complex System-on-a-Chip architectures, effectively integrating different functionalities, including analog, mixed-signal, and digital signal processing.

Marvell, Stock, Downgrade