Investment House LLC acquired a new stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL – Free Report) in the 3rd quarter, Holdings Channel.com reports. The fund acquired 7,750 shares of the semiconductor company’s stock, valued at approximately $2,048,000.
A number of other hedge funds have also recently modified their holdings of the business. Birch Hill Investment Advisors LLC purchased a new stake in Marvell Technology in the third quarter worth about $848,000. Swedbank AB increased its stake in shares of Marvell Technology by 2.8% during the first quarter. Swedbank AB now owns 3,189,551 shares of the semiconductor company’s stock valued at $315,925,000 after purchasing an additional 85,816 shares in the last quarter. Merit Financial Group LLC lifted its holdings in shares of Marvell Technology by 22.9% during the second quarter. Merit Financial Group LLC now owns 27,079 shares of the semiconductor company’s stock valued at $8,067,000 after purchasing an additional 5,047 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position 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 worth $27,105,000 after purchasing an additional 90,800 shares in the last quarter. Finally, Swiss National Bank boosted its position in shares of Marvell Technology by 5.4% in the 1st quarter. Swiss National Bank now owns 2,489,003 shares of the semiconductor company’s stock worth $246,536,000 after purchasing an additional 126,600 shares in the last quarter. Institutional investors own 83.51% of the company’s stock.
Insiders Place Their Bets
In related news, CEO Matthew Murphy sold 7,500 shares of Marvell Technology stock in a transaction dated Thursday, October 15th. The stock was sold at an average price of $235.47, for a total value of $1,766,025.00. Following the completion of the sale, the chief executive officer directly owned 768,186 shares in the company, valued at approximately $180,884,757.42. This trade represents a 0.97% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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, COO Chris Koopmans sold 10,000 shares of the business’s stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $262.05, for a total value of $2,620,500.00. Following the completion of the transaction, the chief operating officer directly owned 207,941 shares of the company’s stock, valued at approximately $54,490,939.05. This trade represents a 4.59% 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. Over the last three months, insiders sold 57,285 shares of company stock valued at $12,837,063. 0.12% of the stock is currently owned by corporate insiders.
Marvell Technology Stock Performance
MRVL stock opened at $223.47 on Friday. The stock has a market capitalization of $195.96 billion, a PE ratio of 73.75, a price-to-earnings-growth ratio of 7.30 and a beta of 2.26. Marvell Technology, Inc. has a 12-month low of $70.68 and a 12-month high of $329.88. The company has a current ratio of 3.17, a quick ratio of 2.62 and a debt-to-equity ratio of 0.27. The stock’s 50 day simple moving average is $242.85 and its 200 day simple moving average is $220.72.
Marvell Technology (NASDAQ:MRVL – Get Free Report) last posted its earnings results on Thursday, August 27th. The semiconductor company reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.01. The business had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.72 billion. Marvell Technology had a return on equity of 13.57% and a net margin of 27.93%. The company’s quarterly revenue was up 36.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.67 EPS. Marvell Technology has set its Q3 2027 guidance at 1.050-1.150 EPS. As a group, research analysts forecast that Marvell Technology, Inc. will post 3.05 earnings per share for the current fiscal year.
Marvell Technology Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 29th. Investors of record on Friday, October 9th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, October 9th. This represents a $0.24 annualized dividend and a dividend yield of 0.1%. Marvell Technology’s dividend payout ratio (DPR) is 7.92%.
Marvell Technology News Summary
Here are the key news stories impacting Marvell Technology this week:
- Positive Sentiment: Analysts raised the average price target for Marvell by 11.84% to CHF 267.74, suggesting continued confidence in the company’s growth outlook. Average analyst price target for Marvell Technology increased
- Positive Sentiment: Marvell remains positioned to benefit from AI infrastructure spending through custom silicon, optical connectivity and switching products. Analysts and bullish commentators point to ambitious revenue targets and expanding data-center opportunities as potential long-term catalysts. MRVL Taps Into AI Infrastructure Growth
- Positive Sentiment: Marvell was included among non-Nvidia chip stocks viewed as potential beneficiaries of rising demand for custom AI processors. The company also received approximately $116.4 million of net ETF buying on October 19, indicating institutional demand. Four Non-Nvidia Chip Stocks
- Neutral Sentiment: Marvell previously outperformed the broader market in the latest reported session, while bullish analyses argue that the recent volatility does not undermine the company’s longer-term AI opportunity. Marvell Stock Is Bouncing Back
- Negative Sentiment: A supply warning from a semiconductor equipment maker intensified concerns about bottlenecks and near-term chip demand, triggering a broad technology and AI-related semiconductor sell-off. Marvell, as a data-center-focused chip designer, was among the stocks hit hardest. Chip Stocks Fall as Supply Warning Deepens AI Selloff
- Negative Sentiment: Reports specifically cited supply-chain bottlenecks as an additional pressure on Marvell, reinforcing investor concerns about execution and the timing of AI infrastructure growth. Marvell Feels Supply Chain Bottlenecks Pressure
Wall Street Analyst Weigh In
A number of research firms recently weighed in on MRVL. Seaport Research Partners began coverage on Marvell Technology in a research report on Tuesday, September 22nd. They set a “buy” rating and a $270.00 price objective for the company. Stifel Nicolaus boosted their target price on Marvell Technology from $350.00 to $370.00 and gave the stock a “buy” rating in a report on Wednesday, October 7th. UBS Group boosted their target price on Marvell Technology from $335.00 to $350.00 and gave the stock a “buy” rating in a report on Wednesday, October 7th. B. Riley Financial cut their target price on Marvell Technology from $345.00 to $315.00 and set a “buy” rating on the stock in a research note on Friday, August 28th. Finally, Morgan Stanley lifted their price target on Marvell Technology from $268.00 to $300.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 7th. Three research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, Marvell Technology has a consensus rating of “Moderate Buy” and a consensus target price of $327.36.
Check Out Our Latest Research Report on Marvell Technology
Marvell Technology Company Profile
Marvell Technology, Inc (NASDAQ: MRVL) is a semiconductor company that develops infrastructure solutions for data centers, telecommunications networks, enterprise systems, automotive applications and other connected markets. Its products are designed to support the movement, processing, storage and security of data across complex computing and communications environments.
The company’s portfolio includes data-processing and networking processors, custom application-specific integrated circuits, Ethernet switches and controllers, storage controllers, connectivity products, and electro-optics solutions.
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