Fideuram Intesa Sanpaolo Private Banking S.P.A. Purchases New Position in Marvell Technology, Inc. $MRVL

Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL) during the fourth quarter, HoldingsChannel.com reports. The firm purchased 18,371 shares of the semiconductor company’s stock, valued at approximately $1,561,000.

A number of other hedge funds also recently bought and sold shares of the business. Intech Investment Management LLC grew its holdings in shares of Marvell Technology by 3.9% during the 1st quarter. Intech Investment Management LLC now owns 28,784 shares of the semiconductor company’s stock worth $1,772,000 after acquiring an additional 1,085 shares during the period. Baird Financial Group Inc. grew its holdings in shares of Marvell Technology by 22.7% during the 2nd quarter. Baird Financial Group Inc. now owns 17,417 shares of the semiconductor company’s stock worth $1,348,000 after acquiring an additional 3,221 shares during the period. Flow Traders U.S. LLC purchased a new position in shares of Marvell Technology during the 2nd quarter worth approximately $354,000. Treasurer of the State of North Carolina grew its holdings in shares of Marvell Technology by 3.0% during the 2nd quarter. Treasurer of the State of North Carolina now owns 403,818 shares of the semiconductor company’s stock worth $31,256,000 after acquiring an additional 11,572 shares during the period. Finally, Alliancebernstein L.P. grew its holdings in shares of Marvell Technology by 1.0% during the 2nd quarter. Alliancebernstein L.P. now owns 411,569 shares of the semiconductor company’s stock worth $31,855,000 after acquiring an additional 4,060 shares during the period. Hedge funds and other institutional investors own 83.51% of the company’s stock.

Analyst Ratings Changes

MRVL has been the topic of a number of research analyst reports. Needham & Company LLC reduced their target price on Marvell Technology from $120.00 to $118.00 and set a “buy” rating on the stock in a report on Tuesday, February 3rd. Cantor Fitzgerald upped their target price on Marvell Technology from $100.00 to $120.00 and gave the stock a “neutral” rating in a report on Thursday, April 9th. Rosenblatt Securities upped their target price on Marvell Technology from $115.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, March 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Marvell Technology in a report on Friday, March 27th. Finally, Zacks Research upgraded Marvell Technology from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 31st. Two research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $141.64.

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, May 13th. The stock was sold at an average price of $177.26, for a total value of $1,329,450.00. Following the sale, the chief executive officer directly owned 739,397 shares of the company’s stock, valued at $131,065,512.22. The trade was a 1.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Chris Koopmans sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $162.76, for a total value of $1,627,600.00. Following the completion of the transaction, the chief operating officer directly owned 209,592 shares in the company, valued at $34,113,193.92. This trade represents a 4.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 245,060 shares of company stock worth $29,901,072. Company insiders own 0.19% of the company’s stock.

Marvell Technology Stock Performance

Shares of MRVL opened at $190.69 on Friday. The company has a quick ratio of 1.58, a current ratio of 2.01 and a debt-to-equity ratio of 0.28. The business’s 50 day moving average price is $132.70 and its 200-day moving average price is $101.38. Marvell Technology, Inc. has a 52 week low of $58.61 and a 52 week high of $194.58. The stock has a market cap of $171.11 billion, a P/E ratio of 61.91, a P/E/G ratio of 1.56 and a beta of 2.25.

Marvell Technology (NASDAQ:MRVL) last issued its quarterly earnings results on Thursday, March 5th. The semiconductor company reported $0.80 EPS for the quarter, topping analysts’ consensus estimates 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 previous year, the firm posted $0.60 EPS. The business’s revenue for the quarter was up 22.1% compared to the same quarter last year. Marvell Technology has set its Q1 2027 guidance at 0.740-0.840 EPS. Equities research analysts anticipate that Marvell Technology, Inc. will post 3.04 earnings per share for the current fiscal year.

Marvell Technology Announces Dividend

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

Marvell Technology News Roundup

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

• Positive Sentiment: Wells Fargo lifted its price target on Marvell and cited “significant AWS Trainium expansion ahead,” reinforcing optimism around AI chip demand and cloud spending. Marvell Stock (MRVL) Soars, Top Wells Fargo Analyst Lifts Price Target on ‘Significant AWS Trainium Expansion Ahead’
• Positive Sentiment: Evercore ISI also raised its target, adding to the broader Wall Street upgrade cycle as analysts grow more confident in Marvell’s AI networking and custom chip pipeline. Evercore ISI Raises Marvell Technology (MRVL) Price Target on Rising AI Infrastructure Demand
• Positive Sentiment: Citi reportedly raised its forecast materially ahead of Q1 results, adding another bullish signal that expectations are improving into earnings. Marvell Stock (MRVL) Extends Rally as Citi Raises Forecast by 82% Ahead of Q1 Earnings

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.