CLSA downgraded Marvell (NASDAQ: MRVL) from Outperform to Underperform with a price target of $8.40 (from $13.00) after lower third quarter guidance and CFO departure.

For an analyst ratings summary and ratings history on Marvell click here. For more ratings news on Marvell click here.

Shares of Marvell closed at $8.83 yesterday, with a 52 week range of $8.67-$16.86.

Downgrades

Deutsche Bank Downgrades Marvell (MRVL) to Hold, Weakness to ContinueOctober 19, 2012 1:40 PM Credit Suisse Downgrades Marvell (MRVL) to NeutralOctober 19, 2012 1:14 PM Another Analyst Downgrade for Marvell (MRVL)October 19, 2012 7:42 AM Lazard Capital Downgrades Marvell (MRVL) to NeutralOctober 19, 2012 7:39 AM FBR Capital Downgrades Marvellf (MRVL) to Market PerformOctober 19, 2012 7:15 AM JPMorgan Downgrades Marvell (MRVL) to NeutralOctober 19, 2012 7:14 AM BofA/Merrill Lynch Downgrades Marvell (MRVL) to UnderperformOctober 19, 2012 6:50 AM After-Hours Movers 10/18: (RVBD) (NCR) (SNDK) Higher; (CMG) (MRVL) (ETFC) Lower (more...)October 18, 2012 5:56 PM Marvell (MRVL) CFO Hosein to ResignOctober 18, 2012 4:23 PM Marvell (MRVL) Cuts Q3 Revs OutlookOctober 18, 2012 4:05 PM