Rathbones Group PLC Lowers Holdings in Marvell Technology, Inc. $MRVL

Rathbones Group PLC trimmed its holdings in Marvell Technology, Inc. (NASDAQ:MRVL) by 81.2% in the 4th quarter, HoldingsChannel reports. The fund owned 73,546 shares of the semiconductor company’s stock after selling 316,992 shares during the quarter. Rathbones Group PLC’s holdings in Marvell Technology were worth $6,250,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in Marvell Technology by 23.5% in the third quarter. Vanguard Group Inc. now owns 79,610,208 shares of the semiconductor company’s stock worth $6,692,830,000 after acquiring an additional 15,166,976 shares during the period. State Street Corp lifted its stake in Marvell Technology by 2.8% during the third quarter. State Street Corp now owns 21,157,092 shares of the semiconductor company’s stock worth $1,778,677,000 after purchasing an additional 583,832 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in Marvell Technology by 59.7% during the third 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 in the last quarter. Franklin Resources Inc. lifted its stake in Marvell Technology by 47.0% during the third 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 in the last quarter. Finally, Van ECK Associates Corp lifted its stake in Marvell Technology by 12.1% during the third quarter. Van ECK Associates Corp now owns 8,857,199 shares of the semiconductor company’s stock worth $744,624,000 after purchasing an additional 958,542 shares in the last quarter. 83.51% of the stock is currently owned by hedge funds and other institutional investors.

More Marvell Technology News

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

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Melius Research set a $220.00 price target on Marvell Technology in a research note on Monday. Evercore restated an “outperform” rating and set a $155.00 price target on shares of Marvell Technology in a research note on Tuesday. TD Cowen upped their price target on Marvell Technology from $90.00 to $190.00 and gave the stock a “hold” rating in a research note on Friday, May 15th. Benchmark restated a “buy” rating and set a $130.00 price target on shares of Marvell Technology in a research note on Tuesday, March 31st. Finally, Deutsche Bank Aktiengesellschaft set a $120.00 price target on Marvell Technology in a research note on Tuesday, February 10th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, Marvell Technology presently has a consensus rating of “Moderate Buy” and an average target price of $141.64.

Insiders Place Their Bets

In other Marvell Technology news, CEO Matthew J. Murphy sold 7,500 shares of the firm’s stock in a transaction 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 in the company, valued at $131,065,512.22. This trade represents a 1.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Willem A. Meintjes sold 4,000 shares of the firm’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $175.24, for a total value of $700,960.00. Following the completion of the sale, the chief financial officer owned 226,675 shares in the company, valued at approximately $39,722,527. This represents a 1.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 245,060 shares of company stock valued at $29,901,072. 0.19% of the stock is owned by company insiders.

Marvell Technology Stock Up 2.1%

Shares of NASDAQ MRVL opened at $190.69 on Friday. The stock has a market cap of $171.11 billion, a P/E ratio of 61.91, a PEG ratio of 1.56 and a beta of 2.25. The company has a current ratio of 2.01, a quick ratio of 1.58 and a debt-to-equity ratio of 0.28. Marvell Technology, Inc. has a 12-month low of $58.61 and a 12-month high of $194.58. The business’s fifty day simple moving average is $132.70 and its 200-day simple moving average is $101.38.

Marvell Technology (NASDAQ:MRVL) last announced its quarterly earnings data on Thursday, March 5th. The semiconductor company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company’s revenue for the quarter was up 22.1% compared to the same quarter last year. During the same period last 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, equities analysts predict that Marvell Technology, Inc. will post 3.04 EPS for the current fiscal year.

Marvell Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Friday, April 10th were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.1%. The ex-dividend date was Friday, April 10th. Marvell Technology’s dividend payout ratio (DPR) is presently 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.