Leonteq Securities AG Sells 23,023 Shares of Marvell Technology, Inc. $MRVL

Leonteq Securities AG reduced its stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 33.2% in the 1st quarter, HoldingsChannel.com reports. The fund owned 46,311 shares of the semiconductor company’s stock after selling 23,023 shares during the quarter. Leonteq Securities AG’s holdings in Marvell Technology were worth $4,587,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MRVL. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in shares of Marvell Technology by 49.7% in the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 273,647 shares of the semiconductor company’s stock valued at $27,105,000 after purchasing an additional 90,800 shares in the last quarter. Elevation Point Wealth Partners LLC increased its position in shares of Marvell Technology by 98.2% during the 1st quarter. Elevation Point Wealth Partners LLC now owns 15,828 shares of the semiconductor company’s stock worth $1,568,000 after purchasing an additional 7,841 shares in the last quarter. Platform Technology Partners lifted its holdings in Marvell Technology by 7.9% during the 1st quarter. Platform Technology Partners now owns 2,771 shares of the semiconductor company’s stock valued at $274,000 after purchasing an additional 204 shares during the last quarter. Sound Income Strategies LLC lifted its holdings in Marvell Technology by 118.3% during the 1st quarter. Sound Income Strategies LLC now owns 334 shares of the semiconductor company’s stock valued at $36,000 after purchasing an additional 181 shares during the last quarter. Finally, KPP Advisory Services LLC acquired a new position in Marvell Technology in the first quarter valued at about $221,000. 83.51% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

MRVL has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Marvell Technology in a report on Wednesday, June 24th. UBS Group boosted their target price on Marvell Technology from $230.00 to $340.00 and gave the stock a “buy” rating in a report on Monday. Stifel Nicolaus increased their price target on Marvell Technology from $321.00 to $350.00 and gave the stock a “buy” rating in a research report on Wednesday, June 24th. Susquehanna raised their price target on Marvell Technology from $100.00 to $230.00 and gave the company a “positive” rating in a report on Tuesday, May 26th. Finally, Oppenheimer lifted their price objective on Marvell Technology from $200.00 to $250.00 and gave the company an “outperform” rating in a research report on Thursday, May 28th. Three research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $239.81.

Marvell Technology Trading Down 9.8%

Shares of NASDAQ MRVL opened at $245.29 on Friday. Marvell Technology, Inc. has a 1-year low of $61.44 and a 1-year high of $329.88. The company has a market cap of $214.58 billion, a PE ratio of 84.00, a P/E/G 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. The company has a 50-day moving average of $227.17 and a two-hundred day moving average of $138.79.

Marvell Technology (NASDAQ:MRVL) last released its quarterly earnings results on Wednesday, May 27th. The semiconductor company reported $0.80 EPS for the quarter, meeting the consensus estimate of $0.80. The business had revenue of $2.42 billion for the quarter, compared to analysts’ expectations of $2.41 billion. Marvell Technology had a net margin of 28.99% and a return on equity of 13.83%. Marvell Technology’s revenue was up 27.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.62 earnings per share. Marvell Technology has set its Q2 2027 guidance at 0.880-0.980 EPS. As a group, equities analysts expect that Marvell Technology, Inc. will post 3.07 earnings per share for the current fiscal year.

Marvell Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 30th. Shareholders of record on Friday, July 10th will be 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 is Friday, July 10th. Marvell Technology’s dividend payout ratio (DPR) is presently 8.22%.

Insider Buying and Selling

In other news, CFO Willem A. Meintjes sold 4,000 shares of the business’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $175.24, for a total transaction of $700,960.00. Following the completion of the sale, the chief financial officer owned 226,675 shares in the company, valued at $39,722,527. The trade was a 1.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sandeep Bharathi sold 2,231 shares of the company’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $299.13, for a total value of $667,359.03. Following the transaction, the insider directly owned 55,530 shares in the company, valued at $16,610,688.90. This trade represents a 3.86% 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. In the last three months, insiders sold 177,273 shares of company stock worth $26,796,269. 0.12% of the stock is currently owned by company insiders.

Marvell Technology News Summary

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 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.