Wells Fargo cuts price targets on Marvell and ON Semiconductor, keeps Overweight
Wells Fargo kept Overweight ratings on Marvell Technology and ON Semiconductor on November 3 but lowered both price targets, TradingView reports.
- published on Newsmetry
- original source published
the same feed is available to bots and dashboards through the api. connect the api →
what happened
Wells Fargo analysts kept their Overweight ratings on Marvell Technology and ON Semiconductor but reduced the price targets for both stocks. According to TradingView, citing Benzinga data, the Marvell target fell from $365 to $285, a 21.9% cut. For ON Semiconductor, the target was trimmed from $100 to $90, a 10.0% reduction.
The publication calculates that the new targets imply upside from the November 2 close: 66.3% for Marvell at $171.41 and 28.4% for ON Semiconductor at $70.11. It also lists recent notes from other brokers over the past 30 days, with Marvell targets ranging from $175 to $300 and ON Semiconductor targets from $80 to $120.
why it matters
The story concerns two individual stocks and reflects the view of one brokerage, so its market impact is usually limited. For semiconductor investors, such revisions show how expectations for these companies are shifting, but they do not set the direction of the broader market on their own.
tags
instruments
sources
- Wells Fargo maintains Marvell Technology at Overweight, lowers price target to $285 from $365 — TradingView, 3 November 2026 at 15:40 UTC
- Wells Fargo maintains ON Semiconductor at Overweight, lowers price target to $90 from $100 — TradingView, 3 November 2026 at 15:41 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
alerts on your topics, the morning digest and the api — in your account.
get stories in real time ↗