Triglav Investments D.O.O. raised its position in Marvell Technology, Inc. (NASDAQ:MRVL – Free Report) by 74.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 34,859 shares of the semiconductor company’s stock after purchasing an additional 14,859 shares during the quarter. Triglav Investments D.O.O.’s holdings in Marvell Technology were worth $2,962,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of MRVL. Laurel Wealth Advisors LLC bought a new position in Marvell Technology in the fourth quarter valued at about $25,000. Elyxium Wealth LLC bought a new position in Marvell Technology in the fourth quarter valued at about $40,000. Strive Asset Management LLC bought a new position in Marvell Technology in the third quarter valued at about $42,000. Avalon Trust Co raised its position in Marvell Technology by 70.6% in the third quarter. Avalon Trust Co now owns 650 shares of the semiconductor company’s stock valued at $55,000 after purchasing an additional 269 shares during the last quarter. Finally, Westside Investment Management Inc. raised its position in Marvell Technology by 67.3% in the third quarter. Westside Investment Management Inc. now owns 696 shares of the semiconductor company’s stock valued at $58,000 after purchasing an additional 280 shares during the last quarter. 83.51% of the stock is currently owned by institutional investors.
Marvell Technology Trading Up 0.1%
NASDAQ MRVL opened at $205.00 on Friday. The business has a 50 day simple moving average of $146.17 and a 200 day simple moving average of $105.94. Marvell Technology, Inc. has a one year low of $58.61 and a one year high of $218.26. The stock has a market capitalization of $183.95 billion, a P/E ratio of 70.21, a P/E/G ratio of 1.71 and a beta of 2.25. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.01 and a quick ratio of 1.58.
Marvell Technology Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Friday, April 10th were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend was Friday, April 10th. Marvell Technology’s dividend payout ratio (DPR) is 8.22%.
Insider Transactions at Marvell Technology
In other Marvell Technology news, CFO Willem A. Meintjes sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $175.24, for a total value of $700,960.00. Following the completion of the sale, the chief financial officer owned 226,675 shares of the company’s stock, valued at approximately $39,722,527. This trade represents a 1.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew J. Murphy sold 7,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $177.26, for a total value of $1,329,450.00. Following the completion of the sale, the chief executive officer directly owned 739,397 shares of the company’s stock, valued at $131,065,512.22. This trade represents a 1.00% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 245,060 shares of company stock valued at $29,901,072. Company insiders own 0.12% of the company’s stock.
Marvell Technology News Summary
Here are the key news stories impacting Marvell Technology this week:
- Positive Sentiment: Marvell posted record quarterly revenue, met EPS estimates, and raised its outlook on accelerating AI-related data center demand, reinforcing the bull case for MRVL.
- Positive Sentiment: A wave of analyst price-target increases, including multiple firms moving targets into the $225-$275 range, signals growing Wall Street confidence in Marvell’s AI growth story.
- Positive Sentiment: Coverage highlighted Marvell’s expanding opportunities in networking chips, custom silicon, interconnect, and optical solutions as AI infrastructure spending continues to rise.
- Neutral Sentiment: Some analysts say the stock’s strong rally has already priced in a lot of good news, making valuation a key question for investors after the earnings move.
- Negative Sentiment: Gross margin expansion is slowing as custom chip costs rise and competition intensifies, which could limit earnings leverage if revenue growth cools.
Analyst Upgrades and Downgrades
Several equities analysts have commented on MRVL shares. Erste Group Bank started coverage on Marvell Technology in a research report on Thursday, April 2nd. They issued a “buy” rating for the company. Compass Point set a $190.00 target price on Marvell Technology in a research report on Tuesday. Roth Mkm raised their price objective on Marvell Technology from $135.00 to $275.00 and gave the stock a “buy” rating in a research report on Wednesday. Royal Bank Of Canada raised their price objective on Marvell Technology from $170.00 to $200.00 and gave the stock an “outperform” rating in a research report on Thursday, May 14th. Finally, Raymond James Financial set a $235.00 price objective on Marvell Technology and gave the stock a “strong-buy” rating in a research report on Thursday. Two research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, Marvell Technology currently has an average rating of “Moderate Buy” and a consensus price target of $212.34.
View Our Latest Analysis on Marvell Technology
Marvell Technology Profile
Marvell Technology Group is a global semiconductor company that designs and develops integrated circuits and related software for data infrastructure, networking, storage and connectivity markets. The company’s product portfolio includes system-on-chip (SoC) solutions, Ethernet physical-layer transceivers (PHYs), switch and switch silicon, optical interconnect components, storage controllers, and security processors. Marvell’s technology is used to enable high-performance data centers, carrier networks, enterprise and cloud storage, as well as connectivity in automotive and industrial applications.
Founded in 1995 and headquartered in Santa Clara, California, Marvell has grown through both organic development and strategic acquisitions to broaden its capabilities across networking and data interconnect.
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