Sound Shore Management Inc. CT Buys 153,935 Shares of Marvell Technology, Inc. $MRVL

Sound Shore Management Inc. CT increased its stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 17.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,014,709 shares of the semiconductor company’s stock after acquiring an additional 153,935 shares during the quarter. Marvell Technology accounts for 2.7% of Sound Shore Management Inc. CT’s portfolio, making the stock its 19th biggest position. Sound Shore Management Inc. CT’s holdings in Marvell Technology were worth $86,230,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also bought and sold shares of MRVL. Laurel Wealth Advisors LLC bought a new stake in Marvell Technology during the fourth quarter worth $25,000. Cherry Tree Wealth Management LLC bought a new stake in Marvell Technology during the fourth quarter worth $26,000. Elyxium Wealth LLC bought a new stake in Marvell Technology during the fourth quarter worth $40,000. Strive Asset Management LLC bought a new stake in Marvell Technology during the third quarter worth $42,000. Finally, Avalon Trust Co grew its holdings in Marvell Technology by 70.6% during the third quarter. Avalon Trust Co now owns 650 shares of the semiconductor company’s stock worth $55,000 after buying an additional 269 shares in the last quarter. Institutional investors own 83.51% of the company’s stock.

Insiders Place Their Bets

In other 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 completion of the transaction, the chief executive officer directly owned 739,397 shares of the company’s stock, 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 stock was sold at an average price of $175.24, for a total value of $700,960.00. Following the completion of the transaction, the chief financial officer directly owned 226,675 shares of the company’s stock, valued at $39,722,527. The trade was a 1.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 255,060 shares of company stock valued at $31,959,772. Company insiders own 0.12% of the company’s stock.

Marvell Technology News Summary

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

• Positive Sentiment: Nvidia’s Jensen Huang publicly praised Marvell as a key AI infrastructure partner, reinforcing the bull case for its custom chips, networking silicon, and optical interconnect products. Reuters: Marvell Technology surges after Nvidia’s Huang calls it ‘next trillion-dollar company’
• Positive Sentiment: Marvell’s recent launch of its Teralynx T100 switch silicon, plus strong AI data-center demand, is being viewed as validation that its products are gaining share in next-generation AI networking. Yahoo Finance: Marvell’s ‘Trillion-Dollar’ Potential Propels Firm to All-Time High
• Positive Sentiment: Wall Street has been raising price targets and turning more constructive after Marvell’s earnings, which adds support to the stock’s move higher. Motley Fool: Why Marvell Technology Bumped Higher Again on Wednesday
• Neutral Sentiment: Broadcom’s strong AI-driven results helped keep semiconductor sentiment hot, supporting the sector-wide rally that has benefited MRVL. Yahoo Finance: Broadcom Beats Second-Quarter Views as AI Revenue More Than Doubles
• Neutral Sentiment: Some commentary says the stock’s valuation is now very rich after the huge run-up, which could limit upside if results or AI enthusiasm cool. Zacks: Micron vs. Marvell: Only One AI Semiconductor Stock Is a Buy This June
• Negative Sentiment: A recent insider sale by Marvell COO Chris Koopmans may create some caution, even though it was executed under a pre-arranged trading plan. Insider Trades: Marvell Technology COO Sells Stock

Marvell Technology Stock Performance

NASDAQ:MRVL opened at $301.65 on Thursday. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.28 and a quick ratio of 2.66. The business has a fifty day simple moving average of $157.06 and a two-hundred day simple moving average of $109.88. Marvell Technology, Inc. has a 1 year low of $61.44 and a 1 year high of $324.20. The company has a market capitalization of $263.88 billion, a P/E ratio of 103.30, a P/E/G ratio of 1.92 and a beta of 2.29.

Marvell Technology (NASDAQ:MRVL) last released its earnings results on Wednesday, May 27th. The semiconductor company reported $0.80 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.80. Marvell Technology had a return on equity of 13.83% and a net margin of 28.99%.The business had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.41 billion. During the same period last year, the business posted $0.62 earnings per share. The business’s revenue for the quarter was up 27.6% on a year-over-year basis. Marvell Technology has set its Q2 2027 guidance at 0.880-0.980 EPS. On average, analysts expect that Marvell Technology, Inc. will post 3.05 earnings per share for the current year.

Marvell Technology Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Friday, April 10th were given 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 (DPR) is currently 8.22%.

Analyst Ratings Changes

A number of analysts recently commented on the company. B. Riley Financial reaffirmed a “buy” rating on shares of Marvell Technology in a research report on Tuesday, May 12th. Susquehanna increased their price target on Marvell Technology from $100.00 to $230.00 and gave the company a “positive” rating in a research report on Tuesday, May 26th. Melius Research set a $220.00 price target on Marvell Technology in a research report on Monday, May 18th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Marvell Technology in a research report on Friday, March 27th. Finally, Raymond James Financial set a $235.00 price target on Marvell Technology and gave the company a “strong-buy” rating in a research report on Thursday, May 28th. Two research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, Marvell Technology has a consensus rating of “Moderate Buy” and a consensus price target of $215.19.

Marvell Technology Company 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.