Danske Bank A S Makes New Investment in Marvell Technology, Inc. $MRVL

Danske Bank A S purchased a new position in shares of Marvell Technology, Inc. (NASDAQ:MRVL) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 1,607,051 shares of the semiconductor company’s stock, valued at approximately $135,105,000.

A number of other large investors have also made changes to their positions in MRVL. Ellsworth Advisors LLC purchased a new position in Marvell Technology in the 3rd quarter valued at approximately $5,864,000. Vanguard Group Inc. raised its holdings in Marvell Technology by 23.5% during the third quarter. Vanguard Group Inc. now owns 79,610,208 shares of the semiconductor company’s stock worth $6,692,830,000 after purchasing an additional 15,166,976 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd boosted its position in Marvell Technology by 1,292.1% during the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 389,809 shares of the semiconductor company’s stock worth $32,656,000 after purchasing an additional 361,807 shares in the last quarter. Norges Bank purchased a new stake in Marvell Technology during the second quarter worth $716,713,000. Finally, Triasima Portfolio Management inc. acquired a new stake in Marvell Technology in the third quarter valued at $1,426,000. Hedge funds and other institutional investors own 83.51% of the company’s stock.

Insider Activity at Marvell Technology

In other news, EVP Mark Casper sold 5,000 shares of Marvell Technology stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $93.08, for a total transaction of $465,400.00. Following the completion of the sale, the executive vice president directly owned 19,418 shares in the company, valued at $1,807,427.44. The trade was a 20.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.33% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

MRVL has been the subject of a number of research analyst reports. Craig Hallum raised their price target on Marvell Technology from $141.00 to $164.00 and gave the company a “buy” rating in a research report on Friday, March 6th. Rosenblatt Securities increased their price objective on shares of Marvell Technology from $115.00 to $140.00 and gave the company a “buy” rating in a research note on Friday, March 6th. Melius Research upgraded shares of Marvell Technology from a “hold” rating to a “buy” rating and set a $135.00 target price for the company in a report on Monday, January 5th. Raymond James Financial restated a “strong-buy” rating on shares of Marvell Technology in a research report on Tuesday, January 6th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Marvell Technology in a report on Monday, December 29th. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Marvell Technology has a consensus rating of “Moderate Buy” and a consensus target price of $117.24.

Marvell Technology Stock Down 0.9%

Shares of NASDAQ:MRVL opened at $90.79 on Wednesday. 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 company has a market capitalization of $79.38 billion, a P/E ratio of 29.48, a P/E/G ratio of 0.83 and a beta of 1.97. Marvell Technology, Inc. has a 52-week low of $47.08 and a 52-week high of $102.77. The stock’s fifty day simple moving average is $81.78 and its 200-day simple moving average is $83.02.

Marvell Technology (NASDAQ:MRVL) last posted its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $2.21 billion. During the same quarter last year, the business posted $0.60 EPS. The firm’s quarterly revenue 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. As a group, equities research analysts forecast that Marvell Technology, Inc. will post 0.91 earnings per share for the current fiscal year.

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.