MIdWestOne Financial Group Inc. boosted its stake in Marvell Technology, Inc. (NASDAQ:MRVL – Free Report) by 12.3% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 19,949 shares of the semiconductor company’s stock after buying an additional 2,181 shares during the period. MIdWestOne Financial Group Inc.’s holdings in Marvell Technology were worth $1,695,000 at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in Marvell Technology by 23.5% in the 3rd 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 raised its position in Marvell Technology by 2.8% in the 3rd quarter. State Street Corp now owns 21,157,092 shares of the semiconductor company’s stock valued at $1,778,677,000 after purchasing an additional 583,832 shares during the last quarter. Ameriprise Financial Inc. raised its position in Marvell Technology by 59.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 16,624,827 shares of the semiconductor company’s stock valued at $1,397,751,000 after purchasing an additional 6,217,952 shares during the last quarter. Geode Capital Management LLC raised its position in Marvell Technology by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 12,108,452 shares of the semiconductor company’s stock valued at $1,025,185,000 after purchasing an additional 97,624 shares during the last quarter. Finally, Franklin Resources Inc. raised its position in Marvell Technology by 47.0% in the 3rd quarter. Franklin Resources Inc. now owns 11,903,051 shares of the semiconductor company’s stock valued at $1,000,689,000 after purchasing an additional 3,805,431 shares during the last quarter. Institutional investors and hedge funds own 83.51% of the company’s stock.
Marvell Technology News Summary
Here are the key news stories impacting Marvell Technology this week:
- Positive Sentiment: Marvell will join the S&P 500 on June 22, likely creating mandatory index-fund buying and boosting demand for the stock. Reuters: Marvell appoints Adobe’s Dan Durn as finance chief
- Positive Sentiment: The company named Adobe executive Dan Durn as its new CFO, a move that investors may view as strengthening financial leadership during a period of rapid growth. Business Wire: Marvell Announces CFO Transition
- Positive Sentiment: Analysts remain upbeat on Marvell’s AI infrastructure exposure, with some research notes lifting earnings estimates and calling MRVL a strong AI growth play. Zacks: Beyond Micron: 2 AI Stocks That Could Deliver Explosive Returns
- Positive Sentiment: Nvidia CEO Jensen Huang reportedly called Marvell the next trillion-dollar AI stock, adding to bullish AI-sector momentum around the shares. Motley Fool: Jensen Huang Just Delivered Fantastic News to Marvell Stock Investors
- Neutral Sentiment: Some articles highlighted recent volatility and questioned whether the S&P 500 inclusion could become a “sell-the-news” event, which may temper enthusiasm after the run-up. 247WallSt: Marvell Just Ripped 57% in a Month
- Negative Sentiment: One recent report noted Marvell shares pulled back sharply in the prior session despite strong earnings, showing that profit-taking and broader tech weakness can still pressure the stock. Motley Fool: Why Marvell Technology Stock Sank Today
Analyst Upgrades and Downgrades
View Our Latest Report on MRVL
Marvell Technology Trading Up 11.1%
MRVL stock opened at $280.71 on Friday. The company has a market cap of $245.57 billion, a P/E ratio of 96.13, a PEG ratio of 1.64 and a beta of 2.29. Marvell Technology, Inc. has a twelve month low of $61.44 and a twelve month high of $324.20. The company has a quick ratio of 2.66, a current ratio of 3.28 and a debt-to-equity ratio of 0.27. The business has a fifty day moving average of $179.03 and a 200-day moving average of $118.22.
Marvell Technology (NASDAQ:MRVL – Get Free Report) last released 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 firm’s quarterly revenue was up 27.6% on a year-over-year basis. 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. As a group, equities research analysts expect that Marvell Technology, Inc. will post 3.1 EPS for the current year.
Marvell Technology Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Friday, April 10th were given a dividend of $0.06 per share. The ex-dividend date was Friday, April 10th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.1%. Marvell Technology’s payout ratio is presently 8.22%.
Insider Activity at Marvell Technology
In other news, COO Chris Koopmans sold 10,000 shares of the business’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $205.87, for a total transaction of $2,058,700.00. Following the completion of the sale, the chief operating officer owned 237,392 shares in the company, valued at $48,871,891.04. The trade was a 4.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Willem A. Meintjes sold 4,000 shares of the business’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $175.24, for a total value of $700,960.00. Following the sale, the chief financial officer owned 226,675 shares of the company’s stock, valued at approximately $39,722,527. The trade was a 1.73% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 255,060 shares of company stock valued at $31,959,772 over the last quarter. 0.12% of the stock is currently owned by corporate insiders.
About Marvell Technology
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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