Horst & Graben Wealth Management LLC bought a new position in Marvell Technology, Inc. (NASDAQ:MRVL – Free Report) in the first quarter, Holdings Channel reports. The institutional investor bought 4,127 shares of the semiconductor company’s stock, valued at approximately $409,000.
Other hedge funds have also added to or reduced their stakes in the company. Hoey Investments Inc. boosted its holdings in shares of Marvell Technology by 138.7% during the first quarter. Hoey Investments Inc. now owns 549 shares of the semiconductor company’s stock worth $54,000 after purchasing an additional 319 shares during the period. Resonant Capital Advisors LLC purchased a new position in shares of Marvell Technology in the 1st quarter valued at approximately $219,000. Burney Co. bought a new stake in shares of Marvell Technology during the first quarter valued at approximately $2,686,000. Swedbank AB boosted its position in shares of Marvell Technology by 2.8% during the first quarter. Swedbank AB now owns 3,189,551 shares of the semiconductor company’s stock valued at $315,925,000 after purchasing an additional 85,816 shares in the last quarter. Finally, Shelton Wealth Management LLC grew its stake in Marvell Technology by 3.0% in the first quarter. Shelton Wealth Management LLC now owns 15,117 shares of the semiconductor company’s stock worth $1,497,000 after purchasing an additional 440 shares during the period. 83.51% of the stock is owned by institutional investors.
Insiders Place Their Bets
In other Marvell Technology news, CEO Matthew J. Murphy sold 7,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $177.26, for a total transaction of $1,329,450.00. Following the completion of the transaction, the chief executive officer owned 739,397 shares in the company, valued at $131,065,512.22. The trade was a 1.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Daniel Durn sold 2,250 shares of the business’s stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of $281.01, for a total value of $632,272.50. Following the transaction, the chief financial officer owned 6,902 shares of the company’s stock, valued at approximately $1,939,531.02. The trade was a 24.58% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 160,373 shares of company stock valued at $24,938,664 over the last quarter. Corporate insiders own 0.12% of the company’s stock.
Marvell Technology Trading Down 7.4%
Marvell Technology (NASDAQ:MRVL – Get Free Report) last announced its earnings results 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 analysts’ expectations of $2.41 billion. During the same period in the prior year, the company earned $0.62 EPS. The business’s revenue 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. Sell-side analysts anticipate that Marvell Technology, Inc. will post 3.07 earnings per share for the current fiscal year.
Marvell Technology Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, July 30th. Stockholders of record on Friday, July 10th will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Friday, July 10th. Marvell Technology’s dividend payout ratio (DPR) is 8.22%.
Analyst Ratings Changes
Several brokerages have commented on MRVL. JPMorgan Chase & Co. raised their price objective on Marvell Technology from $135.00 to $240.00 and gave the company an “overweight” rating in a research report on Thursday, May 28th. Jefferies Financial Group upped their price objective on Marvell Technology from $149.00 to $235.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. Zacks Research upgraded shares of Marvell Technology from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 31st. UBS Group increased their price objective on shares of Marvell Technology from $230.00 to $340.00 and gave the stock a “buy” rating in a research note on Monday, June 29th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $240.00 price objective on shares of Marvell Technology in a research note on Friday, June 12th. Three research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $244.97.
Key Marvell Technology News
Here are the key news stories impacting Marvell Technology this week:
- Positive Sentiment: RBC Capital reaffirmed its Outperform rating on Marvell and set a $360 price target, signaling continued Wall Street confidence in the company’s AI and data-center growth story. RBC Reaffirms Outperform Rating for Marvell Technology (MRVL)
- Positive Sentiment: Analysts continue to view Marvell as a major AI infrastructure beneficiary, with recent commentary highlighting its role in custom AI silicon and its deeper NVIDIA-related positioning. Marvell Technology (MRVL) Deepens NVIDIA Tie Up With NVLink Role In AI Infrastructure
- Neutral Sentiment: Marvell’s stock also remains in focus after being removed from some Russell value indexes, a change that can affect index-linked trading flows and add short-term volatility. Is Marvell Technology (MRVL) Fully Valued Following Its Russell Value Index Removal?
- Negative Sentiment: MRVL is being pressured by a broader semiconductor and AI-chip sell-off, with investors questioning whether the sector’s rapid rally has outrun fundamentals and valuations. US Equity Markets Lower as Semiconductor Stocks Fall, Crude Oil Prices Rise
- Negative Sentiment: Market commentary also points to insider-sale disclosures in recent SEC filings, which may be adding to investor caution even if they do not change the company’s long-term outlook. Marvell Technology SEC Filings
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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