Rakuten Investment Management Inc. bought a new stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL – Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 275,841 shares of the semiconductor company’s stock, valued at approximately $76,615,000. Marvell Technology makes up about 0.2% of Rakuten Investment Management Inc.’s investment portfolio, making the stock its 25th biggest position.
Other large investors have also recently made changes to their positions in the company. Focused Wealth Management Inc acquired a new position in shares of Marvell Technology in the 1st quarter valued at $608,000. Swedbank AB grew its stake in Marvell Technology by 2.8% in the first quarter. Swedbank AB now owns 3,189,551 shares of the semiconductor company’s stock valued at $315,925,000 after acquiring an additional 85,816 shares during the period. Wilson Asset Management International PTY Ltd. grew its stake in Marvell Technology by 20.4% in the fourth quarter. Wilson Asset Management International PTY Ltd. now owns 134,642 shares of the semiconductor company’s stock valued at $11,442,000 after acquiring an additional 22,837 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its holdings in shares of Marvell Technology by 49.7% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 273,647 shares of the semiconductor company’s stock worth $27,105,000 after acquiring an additional 90,800 shares in the last quarter. Finally, Merit Financial Group LLC increased its holdings in shares of Marvell Technology by 22.9% in the second quarter. Merit Financial Group LLC now owns 27,079 shares of the semiconductor company’s stock worth $8,067,000 after acquiring an additional 5,047 shares in the last quarter. 83.51% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
MRVL has been the topic of several recent analyst reports. Oppenheimer lifted their price objective on Marvell Technology from $300.00 to $325.00 and gave the company an “outperform” rating in a report on Friday. BMO Capital Markets assumed coverage on shares of Marvell Technology in a research note on Thursday, August 20th. They issued an “outperform” rating and a $250.00 price target on the stock. Royal Bank Of Canada reiterated an “outperform” rating and issued a $360.00 price target on shares of Marvell Technology in a report on Thursday, August 20th. Craig Hallum increased their price objective on shares of Marvell Technology from $217.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Compass Point set a $190.00 price objective on shares of Marvell Technology in a report on Tuesday, May 26th. Two research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $265.76.
Insider Buying and Selling at Marvell Technology
In other Marvell Technology news, CFO Daniel Durn sold 2,250 shares of the business’s stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $281.01, for a total transaction of $632,272.50. Following the sale, the chief financial officer directly owned 6,902 shares of the company’s stock, valued at $1,939,531.02. The trade was a 24.58% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, COO Chris Koopmans sold 10,000 shares of the firm’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $180.50, for a total value of $1,805,000.00. Following the completion of the transaction, the chief operating officer owned 227,941 shares of the company’s stock, valued at $41,143,350.50. The trade was a 4.20% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 41,981 shares of company stock worth $9,753,132 in the last three months. 0.12% of the stock is currently owned by company insiders.
Key Headlines Impacting Marvell Technology
Here are the key news stories impacting Marvell Technology this week:
- Positive Sentiment: Marvell reported record fiscal Q2 revenue of $2.74 billion, up 36.5% year over year, while adjusted EPS of $0.94 narrowly exceeded the $0.93 consensus estimate. Data-center revenue jumped 46% to $2.17 billion, highlighting strong AI infrastructure demand. MRVL Q2 Earnings Beat on Data Center Strength, Outlook Raised
- Positive Sentiment: Management raised its fiscal 2027 revenue outlook to approximately $12 billion and expects fiscal Q3 EPS of $1.05-$1.15, above the $1.03 analyst estimate. The company also pointed to accelerating custom-chip and networking opportunities across AI data centers. Marvell Q2 Earnings Call Highlights Faster AI Data Center Growth
- Positive Sentiment: Several analysts remained constructive: Needham raised its target to $300, Oppenheimer increased its target to $325 and maintained an outperform rating, while Rosenblatt and Needham cited the long-term potential of Marvell’s Google AI-chip relationship. Marvell’s Google AI Chip Deal Could Drive Long-Term Revenue
- Neutral Sentiment: Analyst opinion is divided on timing and valuation. TD Cowen raised its target to $245 but retained a hold rating, and B. Riley lowered its target to $315 while keeping a buy rating. Options activity and some analysts view the selloff as a potential buying opportunity.
- Negative Sentiment: The immediate catalyst for the decline was disappointment with the longer-term outlook. Investors reportedly learned that meaningful revenue from the Google custom-AI-chip deal may not arrive until fiscal 2029, delaying the payoff from a partnership that had fueled lofty expectations. Marvell Shares Slide Over Timing of Google AI Deal Revenue
- Negative Sentiment: At a valuation near 74 times earnings after a surge of more than 180% this year, investors expected a much larger earnings and guidance beat. The narrow quarterly beat therefore failed to justify the premium multiple for some market participants.
- Negative Sentiment: Concerns about margins, execution and the competitive custom-silicon market also weighed on sentiment, particularly as management’s fiscal 2028 outlook did not provide enough upside relative to expectations. Marvell Shares Tumble as Outlook Underwhelms
- Negative Sentiment: Quiver data showed 22 insider sales and no insider purchases over the past six months, an additional, though not necessarily company-specific, caution signal for investors evaluating the stock’s elevated valuation.
Marvell Technology Stock Down 10.3%
Shares of Marvell Technology stock opened at $216.62 on Friday. The firm has a market cap of $189.50 billion, a PE ratio of 71.49, a P/E/G ratio of 1.51 and a beta of 2.24. The business’s 50 day simple moving average is $227.22 and its 200 day simple moving average is $176.56. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.66 and a current ratio of 3.28. Marvell Technology, Inc. has a 52-week low of $61.44 and a 52-week high of $329.88.
Marvell Technology (NASDAQ:MRVL – Get Free Report) last released its quarterly earnings results on Thursday, August 27th. The semiconductor company reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.01. The firm had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.72 billion. Marvell Technology had a return on equity of 14.22% and a net margin of 27.93%.The business’s revenue was up 36.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.67 EPS. Marvell Technology has set its Q3 2027 guidance at 1.050-1.150 EPS. On average, analysts predict 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 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 was Friday, July 10th. This represents a $0.24 annualized dividend and a yield of 0.1%. Marvell Technology’s dividend payout ratio is presently 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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