M.D. Sass LLC lowered its position in Marvell Technology, Inc. (NASDAQ:MRVL – Free Report) by 11.6% in the second quarter, HoldingsChannel reports. The fund owned 67,899 shares of the semiconductor company’s stock after selling 8,879 shares during the quarter. M.D. Sass LLC’s holdings in Marvell Technology were worth $89,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. Laurel Wealth Advisors LLC purchased a new position in shares of Marvell Technology in the 4th quarter valued at about $25,000. Hilton Head Capital Partners LLC boosted its position in Marvell Technology by 978.3% during the first quarter. Hilton Head Capital Partners LLC now owns 248 shares of the semiconductor company’s stock worth $25,000 after purchasing an additional 225 shares in the last quarter. Jessup Wealth Management Inc purchased a new position in Marvell Technology during the fourth quarter worth approximately $25,000. Cherry Tree Wealth Management LLC acquired a new stake in Marvell Technology in the fourth quarter valued at approximately $26,000. Finally, MidFirst Bank acquired a new stake in Marvell Technology in the fourth quarter valued at approximately $28,000. 83.51% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several research analysts have recently weighed in on the company. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Marvell Technology in a research note on Wednesday. Loop Capital raised shares of Marvell Technology to a “strong-buy” rating in a report on Tuesday, June 16th. Weiss Ratings restated a “hold (c)” rating on shares of Marvell Technology in a research report on Wednesday, June 24th. UBS Group increased their price objective on shares of Marvell Technology from $300.00 to $310.00 and gave the company a “buy” rating in a report on Thursday. Finally, TD Cowen reiterated a “hold” rating and issued a $225.00 target price (up from $200.00) on shares of Marvell Technology in a research report on Tuesday. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, Marvell Technology has a consensus rating of “Moderate Buy” and a consensus price target of $250.27.
Insider Activity
In other Marvell Technology news, CEO Matthew J. Murphy sold 7,500 shares of the business’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $236.08, for a total value of $1,770,600.00. Following the transaction, the chief executive officer directly owned 783,186 shares in the company, valued at $184,894,550.88. The trade was a 0.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Chris Koopmans sold 10,000 shares of the stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $180.50, for a total transaction of $1,805,000.00. Following the completion of the sale, the chief operating officer directly owned 227,941 shares of the company’s stock, valued at approximately $41,143,350.50. This trade represents a 4.20% 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. Over the last three months, insiders sold 41,981 shares of company stock worth $9,753,132. Company insiders own 0.12% of the company’s stock.
Marvell Technology Price Performance
NASDAQ:MRVL opened at $251.01 on Friday. Marvell Technology, Inc. has a one year low of $61.44 and a one year high of $329.88. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.66 and a current ratio of 3.28. The stock has a market cap of $219.58 billion, a PE ratio of 85.96, a P/E/G ratio of 1.48 and a beta of 2.24. The stock has a 50 day moving average price of $234.59 and a 200 day moving average price of $170.57.
Marvell Technology (NASDAQ:MRVL – Get Free Report) last released its quarterly earnings data 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 for the quarter, compared to analyst estimates of $2.41 billion. Marvell Technology had a return on equity of 13.83% and a net margin of 28.99%.The firm’s revenue for the quarter was up 27.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.62 earnings per share. Marvell Technology has set its Q2 2027 guidance at 0.880-0.980 EPS. Equities research analysts expect that Marvell Technology, Inc. will post 3.07 EPS for the current fiscal year.
Marvell Technology Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 30th. Investors of record on Friday, July 10th were issued a $0.06 dividend. The ex-dividend date of this dividend was Friday, July 10th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.1%. Marvell Technology’s dividend payout ratio is currently 8.22%.
Key Stories Impacting Marvell Technology
Here are the key news stories impacting Marvell Technology this week:
- Positive Sentiment: Marvell agreed to develop custom silicon connected to Google’s Tensor Processing Unit ecosystem, including inference accelerators, storage and networking controllers, and memory-interface products. The deal broadens Marvell’s role in Google’s AI infrastructure and could challenge Broadcom’s long-standing position as Google’s primary custom-chip partner. Marvell pops on AI chip deal
- Positive Sentiment: Google received warrants to purchase up to approximately 58.97 million Marvell shares at $206.58 each, potentially representing about 6.7% of shares outstanding and roughly $12.2 billion in value. The warrants vest in stages based on Google’s purchases, aligning Google’s future AI-chip spending with Marvell’s growth. Marvell shares jump as Google warrant deepens partnership
- Positive Sentiment: Analysts described the agreement as a major long-term catalyst. JPMorgan sees a potential $120 billion cumulative opportunity through fiscal 2033, while RBC reaffirmed an Outperform rating with a $360 price target. Stifel and William Blair also issued or maintained Buy recommendations. Marvell’s Google AI deal could unlock opportunity
- Positive Sentiment: Technical momentum also improved after MRVL reclaimed its 50-day moving average, supporting a bullish-trend thesis and forecasts for a possible move toward $300. Marvell overtakes 50-day moving average
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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