World Investment Advisors Acquires 16,751 Shares of Marvell Technology, Inc. $MRVL

World Investment Advisors raised its holdings in shares of Marvell Technology, Inc. (NASDAQ:MRVLFree Report) by 32.9% during the fourth quarter, HoldingsChannel reports. The fund owned 67,659 shares of the semiconductor company’s stock after purchasing an additional 16,751 shares during the quarter. World Investment Advisors’ holdings in Marvell Technology were worth $5,629,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. 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 valued at $6,692,830,000 after acquiring an additional 15,166,976 shares during the period. State Street Corp raised its holdings in Marvell Technology by 2.8% during the 3rd quarter. State Street Corp now owns 21,157,092 shares of the semiconductor company’s stock valued at $1,778,677,000 after acquiring an additional 583,832 shares during the period. 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 valued at $1,397,751,000 after acquiring an additional 6,217,952 shares during the period. 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 valued at $1,000,689,000 after acquiring an additional 3,805,431 shares during the period. Finally, Van ECK Associates Corp raised its holdings in Marvell Technology by 12.1% during the 3rd quarter. Van ECK Associates Corp now owns 8,857,199 shares of the semiconductor company’s stock valued at $744,624,000 after acquiring an additional 958,542 shares during the period. Institutional investors own 83.51% of the company’s stock.

Key Stories Impacting Marvell Technology

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

Insider Activity

In other news, insider Sandeep Bharathi sold 66,892 shares of the business’s stock in a transaction that occurred on Thursday, April 16th. The shares were sold at an average price of $130.35, for a total value of $8,719,372.20. Following the completion of the sale, the insider directly owned 55,199 shares in the company, valued at approximately $7,195,189.65. The trade was a 54.79% 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, CEO Matthew J. Murphy sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, March 26th. The stock was sold at an average price of $98.70, for a total transaction of $2,961,000.00. Following the completion of the sale, the chief executive officer owned 310,106 shares of the company’s stock, valued at approximately $30,607,462.20. The trade was a 8.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 233,560 shares of company stock valued at $27,870,662. Insiders own 0.19% of the company’s stock.

Analyst Upgrades and Downgrades

MRVL has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft set a $120.00 target price on shares of Marvell Technology in a report on Tuesday, February 10th. Erste Group Bank initiated coverage on shares of Marvell Technology in a report on Thursday, April 2nd. They issued a “buy” rating on the stock. Evercore reaffirmed an “outperform” rating and issued a $133.00 price target on shares of Marvell Technology in a report on Wednesday, March 4th. JPMorgan Chase & Co. upped their price target on shares of Marvell Technology from $130.00 to $135.00 and gave the stock an “overweight” rating in a report on Friday, March 6th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Marvell Technology in a report on Friday, March 27th. Two research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $128.79.

Get Our Latest Stock Report on Marvell Technology

Marvell Technology Stock Up 8.2%

MRVL opened at $177.95 on Thursday. 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, Inc. has a 52 week low of $58.61 and a 52 week high of $182.31. The business’s fifty day simple moving average is $121.20 and its 200 day simple moving average is $97.52.

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

Marvell Technology Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Investors 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 dividend payout ratio is currently 7.79%.

Marvell Technology Profile

(Free Report)

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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Want to see what other hedge funds are holding MRVL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Marvell Technology, Inc. (NASDAQ:MRVLFree Report).

Institutional Ownership by Quarter for Marvell Technology (NASDAQ:MRVL)

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