Marvell Technology (NASDAQ: MRVL) has gone down for sale on

Marvell Technology (NASDAQ: MRVL – Get Rating) downgraded from a “hold” rating to a “sell” rating in a statement released on Friday.

Other stock analysts have also recently released research reports on the company. Needham & Company LLC lowered its price target on Marvell Technology from $ 105.00 to $ 75.00 on Friday, May 27, in a report. Deutsche Bank Aktiengesellschaft lowered its price target for Marvell Technology from $ 80.00 to $ 75.00 in a report on Friday, May 27th. Piper Sandler lowered its price target on Marvell Technology from $ 100.00 to $ 80.00 on Friday, March 4, in a report. Susquehanna Bancshares lowered its price target on Marvell Technology from $ 105.00 to $ 90.00 and set a “positive” rating for the company in a report on Wednesday, May 25th. Finally, B. Riley lowered his price target on Marvell Technology from $ 95.00 to $ 72.00 in a report on Monday, May 23rd. One stock research analyst rated the shares with a sell rating, three gave a hold rating and twenty-six gave a buy rating to the company’s shares. According to MarketBeat, Marvell Technology currently has a “Buy” consensus valuation and a consensus price target of $ 88.12.


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Shares of NASDAQ MRVL were down $ 3.41 on Friday at noon, up $ 53.07. The company had a trading volume of 12,026,494 shares, compared to an average of 11,060,926 shares. The company has a market capitalization of $ 45.1 billion, a ratio of -87.00 PE, a price-growth ratio of 1.95 and a beta of 1.27. The company averages $ 59.18 for a 50-day simple mobile and an average of $ 69.87 for a two-hundred-day simple mobile. The company has a ratio of 1.67, a fast ratio of 1.13 and a debt ratio of 0.29. Marvell Technology has an annual low of $ 50.41 and an annual high of $ 93.85.

Marvell Technology (NASDAQ: MRVL) got its quarterly earnings data for the last time on Thursday, May 26th. The semiconductor company earned $ 0.52 per share in the quarter, exceeding the $ 0.51 consensus estimate by $ 0.01. Marvell Technology had a positive return of 6.92% and a net negative margin of 9.82%. The company had revenue of $ 1.44 trillion during the quarter, compared to analysts ’forecast of $ 1.44 trillion. In the same quarter last year, the company earned $ 0.15 BSA. Marvell Technology’s quarterly revenue rose 73.8% from the same quarter last year. Sales side analysts expect Marvell Technology to post 1.7 earnings per share for the current year.

In other news from Marvell Technology, Loi Nguyen sold 1,512 shares of the business in a transaction on Thursday, June 2nd. The shares were sold at an average price of $ 60.00 for a total transaction of $ 90,720.00. Following the sale, the executive vice president now owns 207,727 shares of the company, valued at $ 12,463,620. The transaction was disclosed in a legal file of the SEC, which is available through this link. In addition, director Ford Tamer sold 48,051 shares of the business’s shares on Tuesday, April 5, in a transaction. The shares were sold at an average price of $ 71.61 for a total transaction of $ 3,440,932.11. Following the sale, the director directly owns 331,083 shares in the company, valued at approximately $ 23,708,853.63. Disclosure of this sale can be found here. In the last ninety days, insiders have sold 231,216 shares of the company worth $ 14,891,753. Insiders own 0.45% of the company’s shares.

Several institutional investors have recently changed their shareholdings. BlackRock Inc. increased its stake in Marvell Technology to 3.4% in the fourth quarter. BlackRock Inc. now owns $ 70,754,622 in a semiconductor company worth $ 6,190,323,000, after buying 2,305,751 more shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Marvell Technology by 2.9% in the first quarter. Vanguard Group Inc. now owns 64,581,244 shares of the semiconductor company, valued at $ 4,631,120,000, after buying 1,847,159 more shares during the last quarter. Wellington Management Group LLP increased its stake in Marvell Technology to 15.7% in the third quarter. Wellington Management Group LLP now owns 45,843,799 shares of the semiconductor company after buying 6,222,814 more shares in the last quarter, valued at $ 2,764,839,000. State Street Corp.’s stake in Marvell Technology’s shares rose 0.9% in the first quarter. State Street Corp. has 18,632,316 shares of the semiconductor company’s shares now worth $ 1,336,123,000 after buying 174,753 more shares in the last quarter. Finally, Brown Advisory Inc. increased its stake in Marvell Technology by 20.7% in the fourth quarter. Brown Advisory Inc. now owns $ 12,746,528 in a semiconductor company worth $ 1,115,193,000 after buying 2,188,891 more shares in the last quarter. 83.11% of the shares are currently owned by institutional investors.

Marvell Technology Company Profile (Get rating)

Marvell Technology, Inc., together with its subsidiaries, designs, develops and sells mixed integrated and integrated integrated circuits for digital signal processing. Provides a portfolio of Ethernet solutions, including controllers, network adapters, physical transceivers, and switches; single-core or multi-core processors; ASIC; and Printers System-on-a-Chip products and application processors.

See also

Marvell Technology Analyst Recommendations (NASDAQ: MRVL)

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