NEW YORK (TheStreet) -- Shares of Marvell Technology Group (MRVL) are falling, lower by 2.03% to $13.06 in early market trading Thursday, after the semiconductor company had its rating cut to "sell" from "neutral" by analysts at Goldman Sachs this morning.
Goldman Sachs analysts believe Marvell's earnings are being pressured in the fourth quarter and in the full year 2015, and lowered its price target for shares to $12 from $14.
The investment firm also cited weakness at the Bermuda-based company's mobile and wireless unit for its downgrade.
Must Read: Warren Buffett's 25 Favorite Stocks
Yesterday, Marvell Technology reported that it was ranked to Thomson Reuters' Top 100 International Innovator list for the third straight year.
Separately, TheStreet Ratings team rates MARVELL TECHNOLOGY GROUP LTD as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate MARVELL TECHNOLOGY GROUP LTD (MRVL) a BUY. This is driven by some important positives, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and attractive valuation levels. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results."