Cache Advisors LLC grew its stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL – Free Report) by 96.4% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,202 shares of the semiconductor company’s stock after purchasing an additional 11,388 shares during the quarter. Marvell Technology comprises about 0.6% of Cache Advisors LLC’s portfolio, making the stock its 24th biggest holding. Cache Advisors LLC’s holdings in Marvell Technology were worth $6,912,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Focused Wealth Management Inc acquired a new position in Marvell Technology during the first quarter worth approximately $608,000. Swedbank AB raised its stake in Marvell Technology by 2.8% in the first quarter. Swedbank AB now owns 3,189,551 shares of the semiconductor company’s stock valued at $315,925,000 after buying an additional 85,816 shares during the period. Wilson Asset Management International PTY Ltd. lifted its position 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 buying an additional 22,837 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in shares of Marvell Technology by 49.7% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 273,647 shares of the semiconductor company’s stock valued at $27,105,000 after buying an additional 90,800 shares during the last quarter. Finally, Varma Mutual Pension Insurance Co boosted its stake in shares of Marvell Technology by 25.4% during the 4th quarter. Varma Mutual Pension Insurance Co now owns 158,588 shares of the semiconductor company’s stock worth $13,477,000 after acquiring an additional 32,130 shares during the period. Institutional investors own 83.51% of the company’s stock.
Analyst Ratings Changes
MRVL has been the topic of a number of recent analyst reports. HSBC set a $300.00 target price on Marvell Technology and gave the stock a “buy” rating in a report on Tuesday, May 26th. Melius Research set a $220.00 price objective on shares of Marvell Technology in a research report on Monday, May 18th. KeyCorp upped their price objective on shares of Marvell Technology from $385.00 to $400.00 and gave the company an “overweight” rating in a report on Tuesday, July 14th. Roth Capital increased their price objective on shares of Marvell Technology from $135.00 to $275.00 and gave the company a “buy” rating in a research report on Wednesday, May 27th. Finally, Cantor Fitzgerald raised their target price on shares of Marvell Technology from $220.00 to $300.00 and gave the stock a “neutral” rating in a research note on Monday, June 29th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $245.94.
Marvell Technology Stock Performance
Shares of NASDAQ MRVL opened at $222.18 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.28 and a quick ratio of 2.66. The firm has a market cap of $194.36 billion, a price-to-earnings ratio of 76.09, a P/E/G ratio of 1.36 and a beta of 2.24. The stock’s fifty day moving average price is $238.42 and its two-hundred day moving average price is $165.28. Marvell Technology, Inc. has a one year low of $61.44 and a one year high of $329.88.
Marvell Technology (NASDAQ:MRVL – Get Free Report) last posted its earnings results on Wednesday, May 27th. The semiconductor company reported $0.80 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.80. The company had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.41 billion. Marvell Technology had a return on equity of 13.83% and a net margin of 28.99%.The company’s revenue 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. On average, equities analysts forecast that Marvell Technology, Inc. will post 3.07 EPS for the current year.
Marvell Technology Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 30th. Shareholders of record on Friday, July 10th were paid a $0.06 dividend. The ex-dividend date was Friday, July 10th. This represents a $0.24 annualized dividend and a yield of 0.1%. Marvell Technology’s payout ratio is 8.22%.
Key Marvell Technology News
Here are the key news stories impacting Marvell Technology this week:
- Positive Sentiment: Management’s higher long-term outlook for data-center demand is strengthening the investment case, particularly as Marvell expands its custom silicon, optical networking and high-speed interconnect businesses. The stock’s decline from its highs is also attracting “buy the dip” interest. Down 37% From Its Highs, Is Marvell Technology Stock a Buy on the Dip?
- Positive Sentiment: Goldman Sachs raised its 12-month price target after MRVL rallied nearly 40% over two weeks, adding to a series of bullish analyst views. Recent coverage also highlighted a rating upgrade and price targets well above the current trading range. Wall Street sets Marvell stock price for the next 12 months
- Positive Sentiment: Industry commentary points to a rapidly expanding AI networking buildout. Marvell’s optical and interconnect technologies could benefit as data-center operators scale AI clusters, while products such as Bravera SC6, Structera X and Photonic Fabric broaden its AI portfolio. Lumentum Puts The Insane Opportunity for Companies like Marvell and Ciena Into Focus With One Stunning Quote
- Positive Sentiment: Marvell’s planned $250 million investment in India will expand engineering capacity, local facilities and partnerships supporting semiconductor, AI and cloud development. Why Is Marvell Technology Investing $250 Million in India Now?
- Neutral Sentiment: Investors are positioning for Marvell’s upcoming earnings report and the next wave of AI-sector results in late August and early September; technical indicators also suggest the possibility of a short-term rebound before earnings. Marvell Technology Stock Might Offer a Quick Bounce Before Earnings
- Negative Sentiment: Quiver Quantitative data shows 21 insider sales and no insider purchases over the past six months, a potential cautionary signal after the sharp rebound. MRVL also remains a high-beta stock trading at a demanding earnings multiple, leaving it vulnerable to profit-taking and disappointment in AI growth expectations.
Insiders Place Their Bets
In other Marvell Technology news, COO Chris Koopmans sold 10,000 shares of the business’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $180.50, for a total value of $1,805,000.00. Following the completion of the sale, the chief operating officer owned 227,941 shares of the company’s stock, valued at $41,143,350.50. The trade was a 4.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Daniel Durn sold 2,250 shares of the stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of $281.01, for a total transaction of $632,272.50. Following the transaction, the chief financial officer owned 6,902 shares in the company, valued at approximately $1,939,531.02. The trade was a 24.58% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 34,481 shares of company stock worth $7,982,532 in the last quarter. 0.12% of the stock is currently owned by corporate insiders.
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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