Pallas Capital Advisors LLC lessened its holdings in Marvell Technology, Inc. (NASDAQ:MRVL – Free Report) by 44.4% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 38,202 shares of the semiconductor company’s stock after selling 30,449 shares during the period. Pallas Capital Advisors LLC’s holdings in Marvell Technology were worth $11,380,000 at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in the business. Deutsche Bank AG increased its stake in shares of Marvell Technology by 34.5% in the 2nd quarter. Deutsche Bank AG now owns 3,916,888 shares of the semiconductor company’s stock worth $1,166,802,000 after purchasing an additional 1,005,467 shares in the last quarter. Perigon Wealth Management LLC lifted its position in Marvell Technology by 4.7% during the second quarter. Perigon Wealth Management LLC now owns 17,196 shares of the semiconductor company’s stock valued at $5,123,000 after purchasing an additional 769 shares in the last quarter. Commerzbank Aktiengesellschaft FI purchased a new position in Marvell Technology during the second quarter valued at $1,391,000. Covestor Ltd grew its holdings in Marvell Technology by 211.1% during the second quarter. Covestor Ltd now owns 1,120 shares of the semiconductor company’s stock valued at $334,000 after purchasing an additional 760 shares during the period. Finally, Pursue Wealth Partners LLC purchased a new stake in Marvell Technology in the second quarter worth about $203,000. 83.51% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
MRVL has been the topic of several recent research reports. Bank of America raised their price objective on Marvell Technology from $240.00 to $365.00 and gave the stock a “buy” rating in a research note on Tuesday, June 23rd. Wells Fargo & Company boosted their price objective on Marvell Technology from $195.00 to $240.00 and gave the company an “overweight” rating in a research note on Thursday, May 28th. The Goldman Sachs Group reissued a “neutral” rating and issued a $195.00 target price on shares of Marvell Technology in a report on Wednesday, August 12th. Compass Point set a $190.00 target price on shares of Marvell Technology in a research note on Tuesday, May 26th. Finally, B. Riley Financial reaffirmed a “buy” rating on shares of Marvell Technology in a report on Wednesday. Three analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, Marvell Technology presently has an average rating of “Moderate Buy” and an average target price of $250.27.
More Marvell Technology News
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 Stock Up 5.8%
Shares of MRVL opened at $251.01 on Friday. The business’s 50 day moving average is $234.59 and its 200 day moving average is $170.57. The company has a current ratio of 3.28, a quick ratio of 2.66 and a debt-to-equity ratio of 0.27. Marvell Technology, Inc. has a 12-month low of $61.44 and a 12-month high of $329.88. The company has a market capitalization of $219.58 billion, a PE ratio of 85.96, a price-to-earnings-growth ratio of 1.48 and a beta of 2.24.
Marvell Technology (NASDAQ:MRVL – Get Free Report) last posted its quarterly earnings results on Wednesday, May 27th. The semiconductor company reported $0.80 earnings per share for the quarter, hitting the consensus estimate of $0.80. Marvell Technology had a return on equity of 13.83% and a net margin of 28.99%.The business had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.41 billion. During the same period in the prior year, the company posted $0.62 EPS. The firm’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 3.07 earnings per share for the current fiscal year.
Marvell Technology Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, July 30th. Investors of record on Friday, July 10th were given a dividend of $0.06 per share. The ex-dividend date 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%.
Insider Activity at Marvell Technology
In other Marvell Technology news, COO Chris Koopmans sold 10,000 shares of the business’s stock in a transaction on 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 sale, the chief operating officer owned 227,941 shares in the company, valued at $41,143,350.50. The trade was a 4.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through 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 dated Tuesday, June 23rd. The shares were sold at an average price of $281.01, for a total transaction of $632,272.50. Following the transaction, the chief financial officer directly owned 6,902 shares of the company’s stock, valued at $1,939,531.02. This trade represents a 24.58% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 41,981 shares of company stock valued at $9,753,132. Insiders own 0.12% of the company’s stock.
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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