5 Most Important Stock Analyst Ratings to Watch

1. Marvell Technology, Inc. (NASDAQ:MRVL)

Number of Hedge Fund Holders: 63

Shares of Marvell Technology, Inc. (NASDAQ:MRVL) plummeted to a new 52-week low after B. Riley lowered its ratings for the Delaware-based semiconductor company from “Buy” to “Neutral,” citing fading demand and increasing input costs.

B. Riley analyst Craig Ellis referred to PHLX Semiconductor Sector Index (SOX), which has dropped more than 30 percent so far in 2022. He also warned about a challenging second half amid a record drop in the U.S. consumer sentiment driven by consistently high inflation.

Marvell Technology, Inc. (NASDAQ:MRVL) shares are now down about 48 percent on a year-to-date basis, including the latest drop in its share price.

You can also take a peek at 10 Cheap Chinese Stocks To Buy and 10 Favorite Stocks of Dan Loeb’s Third Point.

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