Clal Insurance Enterprises Holdings Ltd raised its position in shares of Marvell Technology, Inc. (NASDAQ:MRVL – Free Report) by 162.5% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,318,000 shares of the semiconductor company’s stock after buying an additional 816,000 shares during the period. Clal Insurance Enterprises Holdings Ltd’s holdings in Marvell Technology were worth $112,004,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Marvell Technology by 23.5% during 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 buying an additional 15,166,976 shares in the last quarter. State Street Corp lifted its position in shares of Marvell Technology by 2.8% in the third quarter. State Street Corp now owns 21,157,092 shares of the semiconductor company’s stock worth $1,778,677,000 after purchasing an additional 583,832 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of Marvell Technology by 59.7% in the third quarter. Ameriprise Financial Inc. now owns 16,624,827 shares of the semiconductor company’s stock worth $1,397,751,000 after purchasing an additional 6,217,952 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Marvell Technology by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 12,108,452 shares of the semiconductor company’s stock worth $1,025,185,000 after purchasing an additional 97,624 shares in the last quarter. Finally, Franklin Resources Inc. lifted its position in shares of Marvell Technology by 47.0% in the third quarter. Franklin Resources Inc. now owns 11,903,051 shares of the semiconductor company’s stock worth $1,000,689,000 after purchasing an additional 3,805,431 shares in the last quarter. 83.51% of the stock is owned by hedge funds and other institutional investors.
Insider Activity
In related news, CEO Matthew J. Murphy sold 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 26th. The shares were sold at an average price of $98.70, for a total transaction of $2,961,000.00. Following the transaction, the chief executive officer owned 310,106 shares of the company’s stock, valued at approximately $30,607,462.20. This trade represents a 8.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Willem A. Meintjes sold 30,000 shares of the stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $134.01, for a total value 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. Additional details regarding this sale are available in the official SEC disclosure. 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. In the last 90 days, insiders have sold 255,060 shares of company stock valued at $31,959,772. 0.12% of the stock is currently owned by company insiders.
Marvell Technology Price Performance
Marvell Technology (NASDAQ:MRVL – Get Free Report) last issued its quarterly earnings data on Wednesday, May 27th. The semiconductor company reported $0.80 earnings per share for the quarter, meeting the consensus estimate of $0.80. The firm had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.41 billion. Marvell Technology had a net margin of 28.99% and a return on equity of 13.83%. The company’s revenue for the quarter was up 27.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.62 earnings per share. Marvell Technology has set its Q2 2027 guidance at 0.880-0.980 EPS. As a group, research analysts expect that Marvell Technology, Inc. will post 3.08 EPS for the current fiscal year.
Marvell Technology Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Friday, April 10th were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend 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 presently 8.22%.
More Marvell Technology News
Here are the key news stories impacting Marvell Technology this week:
- Positive Sentiment: Marvell is set to join the S&P 500 on June 22, a move that can drive automatic buying from index funds and reinforce investor confidence in the company’s scale and profitability.
- Positive Sentiment: B. Riley raised its price target on Marvell to $345 and maintained a buy rating, signaling continued upside expectations for the AI-driven semiconductor business.
- Positive Sentiment: Erste Group lifted its FY2027 and FY2028 earnings estimates, reflecting higher expectations for Marvell’s long-term AI infrastructure growth.
- Positive Sentiment: Marvell’s appointment of Dan Durn as CFO, along with the company’s reaffirmed outlook, suggests management sees a stable transition while it continues pushing its AI growth strategy. Article: Marvell Taps Adobe CFO as AI Growth Push Continues
- Neutral Sentiment: Coverage across financial media continues to highlight Marvell as a major AI infrastructure name, which keeps the stock in focus but does not by itself change fundamentals.
- Neutral Sentiment: Some commentary notes that the stock has run up sharply and is trading at a premium valuation, which could lead to more volatility if expectations get too high.
- Negative Sentiment: Rosenblatt reaffirmed a buy rating but kept a $240 price target, which is below the current trading level and suggests some analysts see limited near-term upside from here.
Analysts Set New Price Targets
A number of analysts have recently issued reports on the stock. Raymond James Financial set a $235.00 price target on shares of Marvell Technology and gave the stock a “strong-buy” rating in a research report on Thursday, May 28th. UBS Group increased their price target on shares of Marvell Technology from $195.00 to $230.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. Jefferies Financial Group increased their price target on shares of Marvell Technology from $149.00 to $235.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. Zacks Research raised shares of Marvell Technology from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 31st. Finally, Benchmark increased their price target on shares of Marvell Technology from $130.00 to $275.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. Two research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $224.68.
Check Out Our Latest Research Report on Marvell Technology
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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