Hhlr Advisors LTD. bought a new position in shares of Marvell Technology, Inc. (NASDAQ:MRVL – Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 162,933 shares of the semiconductor company’s stock, valued at approximately $48,536,000. Marvell Technology makes up approximately 5.8% of Hhlr Advisors LTD.’s investment portfolio, making the stock its 4th largest holding.
A number of other institutional investors have also recently added to or reduced their stakes in MRVL. Magnolia Capital Advisors LLC bought a new position in Marvell Technology during the 2nd quarter valued at $345,000. Caisse de depot et placement du Quebec bought a new stake in shares of Marvell Technology in the 2nd quarter worth $139,557,000. Gallagher Fiduciary Advisors LLC bought a new stake in shares of Marvell Technology in the 2nd quarter worth $1,109,000. Advent International L.P. acquired a new stake in shares of Marvell Technology in the second quarter valued at $13,198,000. Finally, Odyssean LLC acquired a new stake in shares of Marvell Technology in the second quarter valued at $289,000. 83.51% of the stock is currently owned by institutional investors and hedge funds.
Marvell Technology Stock Performance
Marvell Technology stock opened at $245.11 on Thursday. The firm’s 50 day simple moving average is $230.49 and its 200-day simple moving average is $175.15. The company has a market cap of $214.42 billion, a P/E ratio of 83.94, a price-to-earnings-growth ratio of 1.50 and a beta of 2.24. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.28 and a quick ratio of 2.66. Marvell Technology, Inc. has a fifty-two week low of $61.44 and a fifty-two week high of $329.88.
Marvell Technology Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 30th. Shareholders of record on Friday, July 10th were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.1%. The ex-dividend date was Friday, July 10th. Marvell Technology’s payout ratio is presently 8.22%.
Insider Activity
In other news, COO Chris Koopmans sold 10,000 shares of the firm’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $180.50, for a total value of $1,805,000.00. Following the completion of the sale, the chief operating officer owned 227,941 shares of the company’s stock, valued at $41,143,350.50. This trade represents a 4.20% 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, CFO Daniel Durn sold 2,250 shares of Marvell Technology stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of $281.01, for a total value of $632,272.50. Following the transaction, the chief financial officer owned 6,902 shares in the company, valued at $1,939,531.02. This represents a 24.58% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 41,981 shares of company stock valued at $9,753,132 in the last 90 days. Company insiders own 0.12% of the company’s stock.
Marvell Technology News Summary
Here are the key news stories impacting Marvell Technology this week:
- Positive Sentiment: Investor enthusiasm is being driven by Marvell’s newly announced custom-AI-chip partnership with Google. The agreement, reported at approximately $12.2 billion with a potentially much larger long-term opportunity, could strengthen Marvell’s position as a hyperscaler supplier and improve customer diversification. Marvell Reports Thursday: Google Contract Accounting
- Positive Sentiment: Analysts have raised their expectations ahead of the report. Susquehanna lifted its price target to $265 from $230, while Rosenblatt raised its target to $300 from $240 and retained a positive or buy rating. Analysts are looking for continued strength in AI networking and custom silicon, with consensus estimates of roughly $0.93 in adjusted EPS and $2.7 billion in revenue. Rosenblatt Raises Marvell Price Target
- Positive Sentiment: Marvell’s recent operating momentum supports the bullish case: its latest reported revenue rose 27.6% year over year to $2.42 billion, while EPS increased to $0.80. Investors also hope management will raise its outlook again after doing so on previous calls. Marvell Guidance Outlook
- Neutral Sentiment: The Google warrant is an important earnings-related focus. Nearly all of it vests based on qualifying custom-product purchases beginning Aug. 1, so investors will watch for accounting effects and management commentary rather than expecting the full partnership to materially appear in the quarter’s revenue immediately. Google Contract and Marvell Earnings
- Negative Sentiment: Options markets imply an unusually large post-earnings move—about 10.6% in one estimate—highlighting elevated event risk. Marvell also trades at a high earnings multiple after its rally, leaving the stock vulnerable if guidance, Google revenue timing, or AI-demand commentary disappoints. Marvell Options-Implied Earnings Move
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on MRVL shares. UBS Group set a $275.00 target price on Marvell Technology in a report on Monday. DA Davidson set a $225.00 price target on shares of Marvell Technology in a report on Tuesday, August 18th. TD Cowen restated a “hold” rating and set a $225.00 price objective (up from $200.00) on shares of Marvell Technology in a research report on Tuesday, August 18th. KeyCorp lifted their price objective on shares of Marvell Technology from $385.00 to $400.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 14th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Marvell Technology in a report on Wednesday, June 24th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $258.42.
Get Our Latest Stock Report on MRVL
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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