Marvell Technology, Inc. $MRVL Position Reduced by Strs Ohio

Strs Ohio reduced its stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 3.5% in the 1st quarter, Holdings Channel.com reports. The fund owned 533,848 shares of the semiconductor company’s stock after selling 19,245 shares during the quarter. Strs Ohio’s holdings in Marvell Technology were worth $52,878,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of MRVL. Mayflower Financial Advisors LLC raised its stake in shares of Marvell Technology by 1.7% in the 1st quarter. Mayflower Financial Advisors LLC now owns 4,109 shares of the semiconductor company’s stock valued at $407,000 after purchasing an additional 68 shares in the last quarter. Bell Investment Advisors Inc grew its stake in Marvell Technology by 12.9% in the first quarter. Bell Investment Advisors Inc now owns 628 shares of the semiconductor company’s stock worth $62,000 after purchasing an additional 72 shares in the last quarter. Thoma Capital Management LLC increased its holdings in Marvell Technology by 1.3% in the first quarter. Thoma Capital Management LLC now owns 8,711 shares of the semiconductor company’s stock valued at $863,000 after buying an additional 114 shares during the last quarter. Keel Point LLC increased its holdings in Marvell Technology by 2.2% in the fourth quarter. Keel Point LLC now owns 5,649 shares of the semiconductor company’s stock valued at $480,000 after buying an additional 124 shares during the last quarter. Finally, Faithward Advisors LLC raised its stake in Marvell Technology by 2.1% during the third quarter. Faithward Advisors LLC now owns 6,242 shares of the semiconductor company’s stock valued at $525,000 after buying an additional 126 shares in the last quarter. Institutional investors own 83.51% of the company’s stock.

Insider Activity at Marvell Technology

In related news, insider Sandeep Bharathi sold 66,892 shares of Marvell Technology stock in a transaction dated Thursday, April 16th. The shares were sold at an average price of $130.35, for a total transaction of $8,719,372.20. Following the sale, the insider directly owned 55,199 shares in the company, valued at $7,195,189.65. The trade was a 54.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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, CFO Willem A. Meintjes sold 30,000 shares of the company’s stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $134.01, for a total transaction of $4,020,300.00. Following the completion of the sale, the chief financial officer directly owned 154,111 shares of the company’s stock, valued at $20,652,415.11. The trade was a 16.29% decrease in their position. 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 177,273 shares of company stock worth $26,796,269 in the last ninety days. 0.12% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

MRVL has been the subject of several research reports. B. Riley Financial lifted their target price on Marvell Technology from $240.00 to $345.00 and gave the stock a “buy” rating in a research report on Friday, June 12th. Jefferies Financial Group upped their price target on Marvell Technology from $149.00 to $235.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. Benchmark raised their price objective on Marvell Technology from $130.00 to $275.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. TD Cowen lifted their price objective on shares of Marvell Technology from $180.00 to $200.00 and gave the stock a “hold” rating in a report on Thursday, May 28th. Finally, Compass Point set a $190.00 target price on shares of Marvell Technology in a research note on Tuesday, May 26th. Three research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $239.81.

Key Marvell Technology News

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

• Positive Sentiment: Recent commentary remains constructive on Marvell’s role in AI infrastructure, especially custom silicon, optics, and data-center connectivity, which continues to support the long-term growth story. Marvell Technology (MRVL) Gains from AI-Related Infrastructure Demand
• Positive Sentiment: Marvell has also drawn bullish coverage from several analysts and market commentators after strong quarterly results, reinforcing expectations for continued AI-related demand. MRVL Rallies 154% in 3 Months: Time to Hold or Fold the Stock?
• Neutral Sentiment: COO Chris Koopmans sold 10,000 shares under a pre-arranged 10b5-1 plan, which is routine but may still add some caution near recent highs. SEC Form 4 Filing
• Negative Sentiment: Several reports noted Marvell easing in premarket trade as investors took profits in high-growth semiconductor names amid softer market sentiment. Chip stocks selloff extends on valuation, Meta’s pivot fears
• Negative Sentiment: Some recent articles questioned whether MRVL’s valuation has gotten ahead of fundamentals after its huge rally, creating pressure if momentum slows. Marvell (MRVL) Stock Looks Overvalued On Earnings But Strong On Returns

Marvell Technology Price Performance

Shares of NASDAQ:MRVL opened at $245.29 on Friday. The firm’s 50 day moving average is $227.17 and its two-hundred day moving average is $138.79. The firm has a market capitalization of $214.58 billion, a P/E ratio of 84.00, a PEG ratio of 1.78 and a beta of 2.20. The company has a current ratio of 3.28, a quick ratio of 2.66 and a debt-to-equity ratio of 0.27. Marvell Technology, Inc. has a 52 week low of $61.44 and a 52 week high of $329.88.

Marvell Technology (NASDAQ:MRVL) last issued its quarterly earnings data on Wednesday, May 27th. The semiconductor company reported $0.80 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 in the previous year, the firm posted $0.62 earnings per share. The business’s revenue was up 27.6% on a year-over-year basis. Marvell Technology has set its Q2 2027 guidance at 0.880-0.980 EPS. Analysts anticipate that Marvell Technology, Inc. will post 3.07 earnings per share for the current year.

Marvell Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 30th. Shareholders of record on Friday, July 10th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date is Friday, July 10th. Marvell Technology’s payout ratio is 8.22%.

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.