Bailard Inc. Has $935,000 Position in Marvell Technology, Inc. $MRVL

Bailard Inc. increased its holdings in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 45.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,005 shares of the semiconductor company’s stock after buying an additional 3,451 shares during the period. Bailard Inc.’s holdings in Marvell Technology were worth $935,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Marvell Technology by 23.5% during the 3rd quarter. Vanguard Group Inc. now owns 79,610,208 shares of the semiconductor company’s stock worth $6,692,830,000 after purchasing an additional 15,166,976 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in Marvell Technology by 59.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 16,624,827 shares of the semiconductor company’s stock worth $1,397,751,000 after purchasing an additional 6,217,952 shares during the last quarter. Franklin Resources Inc. raised its holdings in Marvell Technology by 47.0% during the 3rd 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 last quarter. Rafferty Asset Management LLC raised its holdings in Marvell Technology by 111.0% during the 2nd quarter. Rafferty Asset Management LLC now owns 5,810,359 shares of the semiconductor company’s stock worth $449,722,000 after purchasing an additional 3,056,808 shares during the last quarter. Finally, Westfield Capital Management Co. LP bought a new stake in shares of Marvell Technology in the 3rd quarter valued at $219,587,000. 83.51% of the stock is currently owned by institutional investors and hedge funds.

More Marvell Technology News

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

• Positive Sentiment: Bank of America raised its price target on Marvell Technology from $125 to $200 and reiterated a buy rating, signaling stronger confidence in the company’s AI-related growth outlook.
• Positive Sentiment: Advanced Micro Devices disclosed a new stake in Marvell Technology in its latest 13F filing, which investors are viewing as a vote of confidence in Marvell’s AI networking and custom silicon business. AMD Reveals A $6.5 Million Marvell Bet That’s Already Soaring
• Positive Sentiment: Multiple articles pointed to renewed enthusiasm for Marvell’s role in AI connectivity, custom silicon, and optical interconnects, helped by the company’s recent Polariton acquisition and rising demand across the AI infrastructure supply chain. Why Marvell Technology (MRVL) Is Gaining Ground in AI Connectivity and Custom Silicon
• Neutral Sentiment: Marvell also drew support from positive sector momentum after several semiconductor names rallied on upbeat AI spending commentary and other bullish analyst notes.
• Negative Sentiment: Recent insider activity remains a mild overhang, with no insider purchases and 13 insider sales over the past six months, including sales by the CEO, CFO, and other senior executives.

Insider Transactions at Marvell Technology

In other news, CEO Matthew J. Murphy sold 7,500 shares of the business’s stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $134.46, for a total value of $1,008,450.00. Following the completion of the sale, the chief executive officer directly owned 302,606 shares in the company, valued at approximately $40,688,402.76. The trade was a 2.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 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. Also, EVP Mark Casper sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $135.50, for a total transaction of $1,355,000.00. Following the completion of the sale, the executive vice president owned 35,878 shares of the company’s stock, valued at approximately $4,861,469. The trade was a 21.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 233,560 shares of company stock worth $27,870,662. Corporate insiders own 0.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on MRVL. Stifel Nicolaus lifted their price objective on shares of Marvell Technology from $120.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, April 16th. Craig Hallum boosted their price target on shares of Marvell Technology from $141.00 to $164.00 and gave the company a “buy” rating in a research note on Friday, March 6th. Weiss Ratings restated a “hold (c)” rating on shares of Marvell Technology in a research note on Friday, March 27th. TD Cowen boosted their price target on shares of Marvell Technology from $85.00 to $90.00 and gave the company a “hold” rating in a research note on Friday, March 6th. Finally, KGI Securities raised shares of Marvell Technology from a “neutral” rating to an “outperform” rating and set a $110.00 price objective on the stock in a report on Friday, March 6th. Two research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, Marvell Technology has a consensus rating of “Moderate Buy” and a consensus price target of $128.79.

Marvell Technology Trading Up 8.2%

Shares of MRVL opened at $177.95 on Thursday. The business’s 50-day moving average price is $121.20 and its 200-day moving average price is $97.52. Marvell Technology, Inc. has a twelve month low of $58.61 and a twelve month high of $182.31. The stock has a market cap of $155.61 billion, a PE ratio of 57.78, a P/E/G ratio of 1.49 and a beta of 2.25. The company has a quick ratio of 1.58, a current ratio of 2.01 and a debt-to-equity ratio of 0.28.

Marvell Technology (NASDAQ:MRVL) last announced its quarterly earnings results on Thursday, March 5th. The semiconductor company reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.01. Marvell Technology had a return on equity of 14.22% and a net margin of 32.58%.The firm had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.21 billion. During the same period in the prior year, the business posted $0.60 earnings per share. The company’s revenue was up 22.1% on a year-over-year basis. Marvell Technology has set its Q1 2027 guidance at 0.740-0.840 EPS. On average, equities analysts forecast that Marvell Technology, Inc. will post 3.04 EPS for the current fiscal year.

Marvell Technology Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Friday, April 10th were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend was Friday, April 10th. Marvell Technology’s payout ratio is currently 7.79%.

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.