IAM Advisory LLC bought a new stake in Marvell Technology, Inc. (NASDAQ:MRVL – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,511 shares of the semiconductor company’s stock, valued at approximately $748,000.
Several other institutional investors and hedge funds have also modified their holdings of MRVL. State Street Corp increased its position in Marvell Technology by 7.9% during the fourth 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. Geode Capital Management LLC boosted its holdings 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 period. Norges Bank acquired a new position in shares of Marvell Technology during the 4th quarter worth approximately $895,455,000. Van ECK Associates Corp grew its position in shares of Marvell Technology by 11.4% during the 4th quarter. Van ECK Associates Corp now owns 9,864,514 shares of the semiconductor company’s stock worth $838,286,000 after purchasing an additional 1,007,315 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in shares of Marvell Technology by 9.7% during the fourth quarter. Northern Trust Corp now owns 6,798,272 shares of the semiconductor company’s stock worth $577,717,000 after purchasing an additional 598,920 shares during the period. 83.51% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
MRVL has been the subject of a number of analyst reports. Royal Bank Of Canada reiterated an “outperform” rating and issued a $360.00 price target on shares of Marvell Technology in a research report on Tuesday, July 7th. UBS Group increased their price target on Marvell Technology from $230.00 to $340.00 and gave the stock a “buy” rating in a research report on Monday, June 29th. Oppenheimer lifted their price objective on Marvell Technology from $200.00 to $250.00 and gave the company an “outperform” rating in a report on Thursday, May 28th. TD Cowen increased their target price on Marvell Technology from $180.00 to $200.00 and gave the stock a “hold” rating in a report on Thursday, May 28th. Finally, JPMorgan Chase & Co. raised their price target on Marvell Technology from $135.00 to $240.00 and gave the stock an “overweight” rating in a research report 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 assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $245.94.
Insider Buying and Selling
In other Marvell Technology news, COO Chris Koopmans sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $205.87, for a total value of $2,058,700.00. Following the sale, the chief operating officer owned 237,392 shares in the company, valued at $48,871,891.04. This trade represents a 4.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sandeep Bharathi sold 2,231 shares of the business’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $299.13, for a total transaction of $667,359.03. Following the sale, the insider directly owned 55,530 shares in the company, valued at approximately $16,610,688.90. The trade was a 3.86% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 34,481 shares of company stock worth $7,982,532 in the last three months. 0.12% of the stock is owned by corporate insiders.
Marvell Technology Price Performance
Shares of MRVL stock opened at $222.18 on Friday. The company has a quick ratio of 2.66, a current ratio of 3.28 and a debt-to-equity ratio of 0.27. Marvell Technology, Inc. has a twelve month low of $61.44 and a twelve month high of $329.88. The company has a market cap of $194.36 billion, a P/E ratio of 76.09, a P/E/G ratio of 1.36 and a beta of 2.24. The business has a fifty day simple moving average of $238.42 and a 200 day simple moving average of $165.28.
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 (EPS) for the quarter, meeting analysts’ consensus estimates of $0.80. The firm had revenue of $2.42 billion for the quarter, compared to analysts’ expectations of $2.41 billion. Marvell Technology had a return on equity of 13.83% and a net margin of 28.99%.The business’s revenue for the quarter was up 27.6% on a year-over-year basis. During the same quarter in the previous 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, sell-side analysts forecast that Marvell Technology, Inc. will post 3.07 EPS for the current fiscal year.
Marvell Technology Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, July 30th. Investors of record on Friday, July 10th were issued a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, July 10th. This represents a $0.24 annualized dividend and a dividend yield of 0.1%. Marvell Technology’s payout ratio is 8.22%.
Marvell Technology News Summary
Here are the key news stories impacting Marvell Technology this week:
- Positive Sentiment: Management’s higher long-term outlook for data-center demand is strengthening the investment case, particularly as Marvell expands its custom silicon, optical networking and high-speed interconnect businesses. The stock’s decline from its highs is also attracting “buy the dip” interest. Down 37% From Its Highs, Is Marvell Technology Stock a Buy on the Dip?
- Positive Sentiment: Goldman Sachs raised its 12-month price target after MRVL rallied nearly 40% over two weeks, adding to a series of bullish analyst views. Recent coverage also highlighted a rating upgrade and price targets well above the current trading range. Wall Street sets Marvell stock price for the next 12 months
- Positive Sentiment: Industry commentary points to a rapidly expanding AI networking buildout. Marvell’s optical and interconnect technologies could benefit as data-center operators scale AI clusters, while products such as Bravera SC6, Structera X and Photonic Fabric broaden its AI portfolio. Lumentum Puts The Insane Opportunity for Companies like Marvell and Ciena Into Focus With One Stunning Quote
- Positive Sentiment: Marvell’s planned $250 million investment in India will expand engineering capacity, local facilities and partnerships supporting semiconductor, AI and cloud development. Why Is Marvell Technology Investing $250 Million in India Now?
- Neutral Sentiment: Investors are positioning for Marvell’s upcoming earnings report and the next wave of AI-sector results in late August and early September; technical indicators also suggest the possibility of a short-term rebound before earnings. Marvell Technology Stock Might Offer a Quick Bounce Before Earnings
- Negative Sentiment: Quiver Quantitative data shows 21 insider sales and no insider purchases over the past six months, a potential cautionary signal after the sharp rebound. MRVL also remains a high-beta stock trading at a demanding earnings multiple, leaving it vulnerable to profit-taking and disappointment in AI growth expectations.
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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