Allspring Global Investments Holdings LLC lessened its stake in Marvell Technology, Inc. (NASDAQ:MRVL – Free Report) by 18.1% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,232,504 shares of the semiconductor company’s stock after selling 272,768 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Marvell Technology were worth $131,521,000 as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of the stock. Intech Investment Management LLC increased its holdings in Marvell Technology by 3.9% in the first quarter. Intech Investment Management LLC now owns 28,784 shares of the semiconductor company’s stock valued at $1,772,000 after buying an additional 1,085 shares in the last quarter. Baird Financial Group Inc. grew its position in shares of Marvell Technology by 22.7% during the 2nd quarter. Baird Financial Group Inc. now owns 17,417 shares of the semiconductor company’s stock valued at $1,348,000 after acquiring an additional 3,221 shares during the period. Flow Traders U.S. LLC acquired a new stake in shares of Marvell Technology during the 2nd quarter valued at about $354,000. Treasurer of the State of North Carolina increased its stake in shares of Marvell Technology by 3.0% in the 2nd quarter. Treasurer of the State of North Carolina now owns 403,818 shares of the semiconductor company’s stock valued at $31,256,000 after purchasing an additional 11,572 shares in the last quarter. Finally, Alliancebernstein L.P. increased its stake in shares of Marvell Technology by 1.0% in the 2nd quarter. Alliancebernstein L.P. now owns 411,569 shares of the semiconductor company’s stock valued at $31,855,000 after purchasing an additional 4,060 shares in the last quarter. Hedge funds and other institutional investors own 83.51% of the company’s stock.
Analyst Ratings Changes
A number of brokerages have issued reports on MRVL. Scotiabank initiated coverage on Marvell Technology in a research report on Tuesday, May 26th. They set an “outperform” rating on the stock. Susquehanna boosted their price objective on Marvell Technology from $100.00 to $230.00 and gave the company a “positive” rating in a research report on Tuesday, May 26th. Raymond James Financial set a $235.00 target price on Marvell Technology and gave the stock a “strong-buy” rating in a research note on Thursday, May 28th. Barclays increased their target price on Marvell Technology from $150.00 to $275.00 and gave the company an “overweight” rating in a research report on Thursday, May 28th. Finally, Jefferies Financial Group lifted their price target on shares of Marvell Technology from $149.00 to $235.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $245.45.
Key Headlines Impacting Marvell Technology
Here are the key news stories impacting Marvell Technology this week:
- Positive Sentiment: Some analysts remain constructive, with KeyBanc reaffirming a buy rating and Wall Street’s average price target still implying meaningful upside, suggesting the selloff may be driven more by sentiment than a deterioration in fundamentals. KeyBanc Reaffirms Their Buy Rating on Marvell (MRVL)
- Positive Sentiment: The company’s AI infrastructure business is still viewed as a major growth driver, with recent commentary highlighting record AI data center revenue and strong design wins, which could support the long-term stock story. Marvell Crashed Below $200: This Wall Street Firm Thinks It Doubles From Here
- Neutral Sentiment: Marvell’s AI bet remains the core investment thesis, with recent coverage saying the company is now largely a pure-play AI infrastructure story rather than a diversified chipmaker. Marvell Stock’s AI Bet Is Even Bigger Than You Think
- Neutral Sentiment: Several articles note that Marvell is attracting heavy investor attention, reflecting elevated trading interest and uncertainty around the stock’s next move. Marvell Technology, Inc. (MRVL) is Attracting Investor Attention: Here is What You Should Know
- Negative Sentiment: Erste Group downgraded Marvell to Hold on valuation concerns, which added pressure after a strong multi-month run in the stock. Marvell (MRVL) Stock Plunges 7% Following Analyst Downgrade
- Negative Sentiment: Broader semiconductor weakness is also weighing on MRVL, as fears of an AI capex slowdown and profit-taking hit chip stocks across the group, including peers like Broadcom, AMD, and Intel. Marvell Drops 8% as AI Capex Slowdown Fears Weigh on Chips; Broadcom, AMD, and Intel Slide
Insider Buying and Selling at Marvell Technology
In related news, COO Chris Koopmans sold 10,000 shares of the business’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $281.92, for a total transaction of $2,819,200.00. Following the transaction, the chief operating officer directly owned 227,754 shares in the company, valued at approximately $64,208,407.68. The trade was a 4.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed 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 company’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $175.24, for a total transaction of $700,960.00. Following the sale, the chief financial officer directly owned 226,675 shares of the company’s stock, valued at approximately $39,722,527. This represents a 1.73% 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 have sold 45,981 shares of company stock valued at $9,835,542. 0.12% of the stock is owned by company insiders.
Marvell Technology Price Performance
NASDAQ:MRVL opened at $188.30 on Friday. The stock has a 50 day moving average of $240.15 and a two-hundred day moving average of $148.79. Marvell Technology, Inc. has a 12 month low of $61.44 and a 12 month high of $329.88. The firm has a market cap of $164.72 billion, a P/E ratio of 64.49, a price-to-earnings-growth ratio of 1.35 and a beta of 2.20. 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 (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, meeting the consensus estimate of $0.80. The business had revenue of $2.42 billion for 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 business’s quarterly revenue was up 27.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.62 earnings per share. Marvell Technology has set its Q2 2027 guidance at 0.880-0.980 EPS. On average, analysts expect that Marvell Technology, Inc. will post 3.07 earnings per share for the current fiscal year.
Marvell Technology Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 30th. Shareholders of record on Friday, July 10th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend is Friday, July 10th. Marvell Technology’s payout ratio is 8.22%.
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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