Meeder Asset Management Inc. Has $4.20 Million Position in Marvell Technology, Inc. $MRVL

Meeder Asset Management Inc. lifted its position in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 3,587.4% in the second quarter, HoldingsChannel.com reports. The fund owned 14,086 shares of the semiconductor company’s stock after buying an additional 13,704 shares during the period. Meeder Asset Management Inc.’s holdings in Marvell Technology were worth $4,196,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the company. Cape ANN Savings Bank raised its position in Marvell Technology by 2.3% during the second quarter. Cape ANN Savings Bank now owns 2,245 shares of the semiconductor company’s stock valued at $669,000 after purchasing an additional 50 shares in the last quarter. Arlington Trust Co LLC increased its stake in shares of Marvell Technology by 24.1% in the 2nd quarter. Arlington Trust Co LLC now owns 268 shares of the semiconductor company’s stock valued at $80,000 after purchasing an additional 52 shares during the last quarter. GoalVest Advisory LLC increased its stake in shares of Marvell Technology by 26.0% in the 2nd quarter. GoalVest Advisory LLC now owns 315 shares of the semiconductor company’s stock valued at $94,000 after purchasing an additional 65 shares during the last quarter. Mayflower Financial Advisors LLC raised its holdings in shares of Marvell Technology by 1.7% during the 1st quarter. Mayflower Financial Advisors LLC now owns 4,109 shares of the semiconductor company’s stock worth $407,000 after buying an additional 68 shares in the last quarter. Finally, Bell Investment Advisors Inc lifted its position in shares of Marvell Technology by 12.9% during the 1st quarter. Bell Investment Advisors Inc now owns 628 shares of the semiconductor company’s stock worth $62,000 after buying an additional 72 shares during the last quarter. 83.51% of the stock is owned by institutional investors.

Key Marvell Technology News

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

• Positive Sentiment: Marvell agreed to develop custom silicon connected to Google’s Tensor Processing Unit ecosystem, including inference accelerators, storage and networking controllers, and memory-interface products. The deal broadens Marvell’s role in Google’s AI infrastructure and could challenge Broadcom’s long-standing position as Google’s primary custom-chip partner. Marvell pops on AI chip deal
• Positive Sentiment: Google received warrants to purchase up to approximately 58.97 million Marvell shares at $206.58 each, potentially representing about 6.7% of shares outstanding and roughly $12.2 billion in value. The warrants vest in stages based on Google’s purchases, aligning Google’s future AI-chip spending with Marvell’s growth. Marvell shares jump as Google warrant deepens partnership
• Positive Sentiment: Analysts described the agreement as a major long-term catalyst. JPMorgan sees a potential $120 billion cumulative opportunity through fiscal 2033, while RBC reaffirmed an Outperform rating with a $360 price target. Stifel and William Blair also issued or maintained Buy recommendations. Marvell’s Google AI deal could unlock opportunity
• Positive Sentiment: Technical momentum also improved after MRVL reclaimed its 50-day moving average, supporting a bullish-trend thesis and forecasts for a possible move toward $300. Marvell overtakes 50-day moving average

Insider Buying and Selling at Marvell Technology

In other news, CEO Matthew J. Murphy sold 7,500 shares of the firm’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $236.08, for a total transaction of $1,770,600.00. Following the completion of the transaction, the chief executive officer owned 783,186 shares of the company’s stock, valued at approximately $184,894,550.88. This trade represents a 0.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Chris Koopmans sold 10,000 shares of Marvell Technology stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $180.50, for a total transaction of $1,805,000.00. Following the transaction, the chief operating officer owned 227,941 shares in the company, valued at approximately $41,143,350.50. This trade represents a 4.20% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 41,981 shares of company stock valued at $9,753,132. Insiders own 0.12% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on MRVL. Citigroup boosted their target price on Marvell Technology from $118.00 to $215.00 and gave the stock a “buy” rating in a research note on Tuesday, May 26th. KeyCorp lifted their price target on shares of Marvell Technology from $385.00 to $400.00 and gave the company an “overweight” rating in a report on Tuesday, July 14th. BMO Capital Markets assumed coverage on shares of Marvell Technology in a research report on Thursday. They set an “outperform” rating and a $250.00 price objective for the company. Melius Research set a $220.00 price objective on shares of Marvell Technology in a research note on Monday, May 18th. Finally, Loop Capital upgraded shares of Marvell Technology to a “strong-buy” rating in a research report on Tuesday, June 16th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $250.27.

Marvell Technology Price Performance

Marvell Technology stock opened at $251.01 on Friday. The stock has a 50-day moving average price of $234.59 and a two-hundred day moving average price of $170.57. Marvell Technology, Inc. has a 12 month low of $61.44 and a 12 month high of $329.88. The company has a market capitalization of $219.58 billion, a PE ratio of 85.96, a P/E/G ratio of 1.48 and a beta of 2.24. 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 (NASDAQ:MRVL) last released its quarterly earnings data on Wednesday, May 27th. The semiconductor company reported $0.80 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.80. The company had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.41 billion. Marvell Technology had a return on equity of 13.83% and a net margin of 28.99%.The firm’s revenue was up 27.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.62 earnings per share. Marvell Technology has set its Q2 2027 guidance at 0.880-0.980 EPS. Analysts expect that Marvell Technology, Inc. will post 3.07 EPS for the current year.

Marvell Technology Dividend Announcement

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

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.