Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna lifted its position in Marvell Technology, Inc. (NASDAQ:MRVL – Free Report) by 13.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,679 shares of the semiconductor company’s stock after acquiring an additional 1,998 shares during the quarter. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna’s holdings in Marvell Technology were worth $1,417,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Marvell Technology by 23.5% in the third quarter. Vanguard Group Inc. now owns 79,610,208 shares of the semiconductor company’s stock valued at $6,692,830,000 after acquiring an additional 15,166,976 shares in the last quarter. Wilson Asset Management International PTY Ltd. raised its holdings in shares of Marvell Technology by 20.4% in the fourth quarter. Wilson Asset Management International PTY Ltd. now owns 134,642 shares of the semiconductor company’s stock valued at $11,442,000 after acquiring an additional 22,837 shares in the last quarter. Varma Mutual Pension Insurance Co raised its holdings in shares of Marvell Technology by 25.4% in the fourth quarter. Varma Mutual Pension Insurance Co now owns 158,588 shares of the semiconductor company’s stock valued at $13,477,000 after acquiring an additional 32,130 shares in the last quarter. Equitable Trust Co. raised its holdings in shares of Marvell Technology by 23.3% in the third quarter. Equitable Trust Co. now owns 68,254 shares of the semiconductor company’s stock valued at $5,738,000 after acquiring an additional 12,916 shares in the last quarter. Finally, Lombard Odier Asset Management USA Corp raised its holdings in shares of Marvell Technology by 60.5% in the third quarter. Lombard Odier Asset Management USA Corp now owns 32,032 shares of the semiconductor company’s stock valued at $2,693,000 after acquiring an additional 12,076 shares in the last quarter. 83.51% of the stock is currently owned by institutional investors.
Insider Activity
In other news, insider Sandeep Bharathi sold 66,892 shares of the company’s stock in a transaction dated Thursday, April 16th. The shares were sold at an average price of $130.35, for a total transaction of $8,719,372.20. Following the transaction, the insider owned 55,199 shares in the company, valued at $7,195,189.65. This represents a 54.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Willem A. Meintjes sold 30,000 shares of the company’s stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $134.01, for a total transaction of $4,020,300.00. Following the transaction, the chief financial officer owned 154,111 shares in the company, valued at approximately $20,652,415.11. This trade represents a 16.29% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders have sold 255,060 shares of company stock valued at $31,959,772. 0.12% of the stock is owned by company insiders.
Marvell Technology Stock Performance
Marvell Technology (NASDAQ:MRVL – Get Free Report) last posted its quarterly earnings data on Wednesday, May 27th. The semiconductor company reported $0.80 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.80. Marvell Technology had a net margin of 28.99% and a return on equity of 13.83%. The firm had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.41 billion. During the same quarter in the prior year, the company posted $0.62 earnings per share. The company’s revenue for the quarter was up 27.6% compared to the same quarter last year. Marvell Technology has set its Q2 2027 guidance at 0.880-0.980 EPS. Research analysts expect that Marvell Technology, Inc. will post 3.08 EPS for the current fiscal year.
Marvell Technology Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Friday, April 10th were issued a dividend of $0.06 per share. The ex-dividend date was Friday, April 10th. This represents a $0.24 annualized dividend and a dividend yield of 0.1%. Marvell Technology’s dividend payout ratio is 8.22%.
Analysts Set New Price Targets
A number of brokerages have commented on MRVL. Roth Mkm boosted their target price on shares of Marvell Technology from $135.00 to $275.00 and gave the stock a “buy” rating in a report on Wednesday, May 27th. Raymond James Financial set a $235.00 target price on shares of Marvell Technology and gave the stock a “strong-buy” rating in a report on Thursday, May 28th. Wells Fargo & Company boosted their target price on shares of Marvell Technology from $195.00 to $240.00 and gave the stock an “overweight” rating in a report on Thursday, May 28th. KeyCorp boosted their target price on shares of Marvell Technology from $130.00 to $260.00 and gave the stock an “overweight” rating in a report on Thursday, May 28th. Finally, Bank of America boosted their target price on shares of Marvell Technology from $200.00 to $240.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. Two research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $218.58.
Check Out Our Latest Analysis on Marvell Technology
Marvell Technology News Roundup
Here are the key news stories impacting Marvell Technology this week:
- Positive Sentiment: Raymond James raised its price target on Marvell to $235 from $105 and reiterated a Strong Buy rating, reflecting continued analyst confidence. Raymond James Raises its Price Target on Marvell (MRVL) to $235 from $105
- Neutral Sentiment: Marvell received unusual call-option activity, which may signal trader interest, but it does not by itself change the fundamental outlook.
- Neutral Sentiment: There was ongoing speculation that Marvell could be added to the S&P 500 in an upcoming index rebalancing, which could provide a passive-fund boost if it happens.
- Negative Sentiment: Broader chip stocks sold off after Broadcom’s outlook disappointed Wall Street, dragging MRVL down with the sector. Micron, Marvell, and Broadcom lead chipmakers’ premarket losses
- Negative Sentiment: Several reports warned that Marvell was overbought after its rapid run-up, making it vulnerable to profit-taking and a momentum unwind. Why Is Marvell Technology Stock Falling On Friday?
Marvell Technology Company 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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