<div id="readability-page-1"><p><span>Marvell Technology (NASDAQ:MRVL - Get Free Report)</span> had its price target lowered by equities research analysts at Citigroup  from $122.00 to $96.00 in a report released on Friday,Benzinga reports. The brokerage currently has a &#34;buy&#34; rating on the semiconductor company's stock. Citigroup's target price would indicate a potential upside of 79.81% from the company's previous close.</p><div><p><span></span><span>Get <strong>Marvell Technology</strong> alerts:</span></p></div><ul><li>Marvell Gets Tariff Lifeline But Expect More Volatility</li></ul><p>A number of other brokerages also recently commented on MRVL. Bank of America decreased their target price on Marvell Technology from $150.00 to $120.00 and set a &#34;buy&#34; rating for the company in a report on Thursday, March 6th. StockNews.com upgraded Marvell Technology from a &#34;sell&#34; rating to a &#34;hold&#34; rating in a research report on Thursday, January 9th. The Goldman Sachs Group increased their price objective on Marvell Technology from $115.00 to $131.00 and gave the stock a &#34;buy&#34; rating in a report on Friday, January 10th. Loop Capital upgraded shares of Marvell Technology from a &#34;hold&#34; rating to a &#34;buy&#34; rating and set a $110.00 target price on the stock in a report on Thursday, March 6th. Finally, Stifel Nicolaus decreased their price target on shares of Marvell Technology from $130.00 to $115.00 and set a &#34;buy&#34; rating for the company in a research note on Thursday, March 6th. Three analysts have rated the stock with a hold rating, twenty-four have assigned  a buy rating and two have assigned  a strong buy rating to the company. Based on data from MarketBeat.com, Marvell Technology currently has an average rating of &#34;Moderate Buy&#34; and an average price target of $119.48.</p><p><b>View Our Latest Report on Marvell Technology</b></p><h2>Marvell Technology Trading Up 1.1 %</h2><ul><li>Top 2 Stocks to Ride the AI Boom Without NVIDIA</li></ul><p>Shares of NASDAQ:MRVL traded up $0.58 during midday trading on Friday, hitting $53.39. 17,672,010 shares of the stock traded hands, compared to its average volume of 17,579,482. Marvell Technology has a one year low of $47.08 and a one year high of $127.48. The stock has a market capitalization of $46.24 billion, a PE ratio of -31.41, a P/E/G ratio of 1.61 and a beta of 1.78. The company has a quick ratio of 1.11, a current ratio of 1.60 and a debt-to-equity ratio of 0.30. The business's 50 day moving average is $80.99 and its two-hundred day moving average is $92.17. </p><h2>Insider Buying and Selling</h2><p>In related news, CFO Willem A. Meintjes sold 1,500 shares of the company's stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $118.33, for a total value of $177,495.00. Following the completion of the sale, the chief financial officer now directly owns 111,211 shares of the company's stock, valued at $13,159,597.63. This represents a 1.33 % decrease in their position. The sale was disclosed in a document filed with the Securities &amp; Exchange Commission, which is available through the SEC website. Also, CAO Panteha Dixon sold 1,430 shares of the firm's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $68.75, for a total value of $98,312.50. Following the transaction, the chief accounting officer now directly owns 31,100 shares in the company, valued at approximately $2,138,125. This represents a 4.40 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 30,185 shares of company stock worth $3,131,018. Company insiders own  0.33% of the company's stock. </p><h2>Institutional Inflows and Outflows</h2><ul><li>Broadcom: Why the Chip Stock Remains a Top Long-Term AI Play</li></ul><p>Several large investors have recently added to or reduced their stakes in the company. Norges Bank acquired a new position in  Marvell Technology during the fourth quarter worth $1,138,354,000.  GQG Partners LLC acquired a new position in  Marvell Technology in the 4th quarter worth $802,410,000.  Nuveen Asset Management LLC raised its position in shares of  Marvell Technology by 232.2% in the 4th quarter. Nuveen Asset Management LLC now owns 9,360,425 shares of the semiconductor company's stock valued at $1,033,859,000 after purchasing an additional 6,543,132 shares in the last quarter.  Wellington Management Group LLP increased its position in shares of  Marvell Technology by 43.1% in the 4th quarter. Wellington Management Group LLP now owns 12,442,302 shares of the semiconductor company's stock worth $1,374,252,000 after purchasing an additional 3,747,982 shares during the last quarter.  Finally, Invesco Ltd. increased its holdings in shares of  Marvell Technology by 30.1% in the 4th quarter. Invesco Ltd. now owns 16,157,979 shares of the semiconductor company's stock valued at $1,784,649,000 after acquiring an additional 3,737,705 shares during the last quarter. 83.51% of the stock is owned by hedge funds and other institutional investors. </p><h2>About Marvell Technology</h2> (Get Free Report)<p>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.</p><h2>Read More</h2><ul><li>Five stocks we like better than Marvell Technology</li><li>Technology Stocks Explained: Here's What to Know About Tech</li><li>JPMorgan is a Buy, if You Can Handle The Volatility </li><li>Stock Market Sectors: What Are They and How Many Are There? </li><li>United States Steel's Crash: An Unmissable Buying Opportunity</li><li>How to buy stock: A step-by-step guide for beginners </li><li>Rocket Lab Stock: Weathering the Storm, Time for a Comeback?</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9TVJWTA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="330" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9TVJWTA"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Marvell Technology Right Now?</h2><p>Before you consider Marvell Technology, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Marvell Technology wasn't on the list.</p><p>While Marvell Technology currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

MRVL

<p>Citigroup has lowered its price target for Marvell Technology (NASDAQ:MRVL) from $122.00 to $96.00 while maintaining a "buy" rating. This new target suggests a potential upside of 79.81% from the previous close. Other brokerages have also adjusted their ratings, with Bank of America setting a target of $120.00 and Goldman Sachs raising theirs to $131.00. Marvell's stock is currently trading at $53.39, with a market cap of $46.24 billion and a PE ratio of -31.41.</p>

Citigroup Cuts Marvell Technology (NASDAQ:MRVL) Price Target to $96.00