Deltec Asset Management LLC Sells 32,000 Shares of Marvell Technology, Inc. $MRVL

Posted by Brenda Bartman on Jul 2nd, 2026

Deltec Asset Management LLC cut its position in shares of Marvell Technology, Inc. (NASDAQ:MRVL – Free Report) by 52.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,515 shares of the semiconductor company’s stock after selling 32,000 shares during the quarter. Deltec Asset Management LLC’s holdings in Marvell Technology were worth $2,923,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. State Street Corp grew its holdings in Marvell Technology by 7.9% during the 4th quarter. State Street Corp now owns 22,834,816 shares of the semiconductor company’s stock worth $1,940,503,000 after acquiring an additional 1,677,724 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of 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 period. Geode Capital Management LLC grew its stake in Marvell Technology by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 12,108,452 shares of the semiconductor company’s stock worth $1,025,185,000 after purchasing an additional 97,624 shares during the period. Franklin Resources Inc. grew its stake in Marvell Technology by 47.0% during the third quarter. Franklin Resources Inc. now owns 11,903,051 shares of the semiconductor company’s stock worth $1,000,689,000 after purchasing an additional 3,805,431 shares during the period. Finally, Norges Bank bought a new stake in Marvell Technology in the fourth quarter worth approximately $895,455,000. Institutional investors and hedge funds own 83.51% of the company’s stock.

Analyst Ratings Changes

MRVL has been the topic of several recent analyst reports. Needham & Company LLC boosted their price target on Marvell Technology from $118.00 to $270.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Morgan Stanley boosted their target price on shares of Marvell Technology from $172.00 to $195.00 and gave the company an “equal weight” rating in a research report on Thursday, May 28th. Evercore reissued an “outperform” rating and set a $155.00 target price on shares of Marvell Technology in a research note on Tuesday, May 19th. Barclays raised their price target on shares of Marvell Technology from $150.00 to $275.00 and gave the stock an “overweight” rating in a report on Thursday, May 28th. Finally, UBS Group lifted their price target on shares of Marvell Technology from $230.00 to $340.00 and gave the company a “buy” rating in a research note on Monday. Three research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, Marvell Technology presently has a consensus rating of “Moderate Buy” and a consensus price target of $239.81.

Get Our Latest Stock Analysis on MRVL

More Marvell Technology News

Here are the key news stories impacting Marvell Technology this week:

Positive Sentiment: Wall Street commentary remains constructive, with recent pieces highlighting Marvell’s role in AI infrastructure, custom silicon, optics, and data-center connectivity. Despite Recent Stock Surge, Marvell Technology’s (MRVL) Best Days May Still Be Ahead
Positive Sentiment: Analysts have continued to back the stock, including upgrades and higher earnings estimates, suggesting expectations are still rising after Marvell’s strong AI-quarter results. Marvell Technology Stock Page
Positive Sentiment: Recent coverage also pointed to renewed enthusiasm around the broader custom AI chip market, which investors see as a tailwind for Marvell’s data-center business. Marvell gains as investors tie the company to a broader custom AI chip opportunity
Neutral Sentiment: Marvell’s COO Chris Koopmans sold 10,000 shares under a pre-arranged 10b5-1 plan, a routine insider transaction that may still add to investor caution near recent highs. SEC Form 4 Filing
Negative Sentiment: Several market updates noted MRVL dipping in premarket trading as investors rotated out of high-growth semiconductor names amid a softer broader market. What’s Going on With Marvell Technology Stock Wednesday?
Negative Sentiment: Some recent commentary also questioned whether Marvell’s valuation has outrun fundamentals after its sharp rally, which can pressure the stock when momentum cools. Marvell (MRVL) Stock Looks Overvalued On Earnings But Strong On Returns

Insider Transactions at Marvell Technology

In other Marvell Technology news, COO Chris Koopmans sold 10,000 shares of the company’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $281.92, for a total value of $2,819,200.00. Following the completion of the sale, the chief operating officer directly owned 227,754 shares of the company’s stock, valued at approximately $64,208,407.68. This represents a 4.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Willem A. Meintjes sold 4,000 shares of the stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $175.24, for a total value of $700,960.00. Following the sale, the chief financial officer directly owned 226,675 shares of the company’s stock, valued at $39,722,527. The trade was a 1.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 177,273 shares of company stock valued at $26,796,269. Corporate insiders own 0.12% of the company’s stock.

Marvell Technology Stock Down 8.7%

Shares of NASDAQ MRVL opened at $272.05 on Thursday. 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 company has a 50-day moving average price of $225.29 and a 200-day moving average price of $137.66. The stock has a market capitalization of $237.99 billion, a P/E ratio of 93.17, a P/E/G ratio of 1.95 and a beta of 2.19. Marvell Technology, Inc. has a 1 year low of $61.44 and a 1 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. Marvell Technology had a net margin of 28.99% and a return on equity of 13.83%. The company had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.41 billion. During the same quarter in the prior year, the business posted $0.62 EPS. The firm’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. On average, equities research analysts forecast that Marvell Technology, Inc. will post 3.07 EPS for the current fiscal year.

Marvell Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 30th. Stockholders of record on Friday, July 10th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Friday, July 10th. This represents a $0.24 annualized dividend and a dividend yield of 0.1%. Marvell Technology’s dividend payout ratio is 8.22%.

Marvell Technology Company Profile

(Free Report)

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.