Oppenheimer Asset Management Inc. Sells 71,211 Shares of Marvell Technology, Inc. $MRVL

Oppenheimer Asset Management Inc. cut its position in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 85.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 12,167 shares of the semiconductor company’s stock after selling 71,211 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Marvell Technology were worth $1,034,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of MRVL. Intech Investment Management LLC grew its holdings in shares of Marvell Technology by 3.9% during the first quarter. Intech Investment Management LLC now owns 28,784 shares of the semiconductor company’s stock worth $1,772,000 after buying an additional 1,085 shares in the last quarter. Baird Financial Group Inc. grew its holdings in shares of Marvell Technology by 22.7% during the second quarter. Baird Financial Group Inc. now owns 17,417 shares of the semiconductor company’s stock worth $1,348,000 after buying an additional 3,221 shares in the last quarter. Flow Traders U.S. LLC bought a new position in shares of Marvell Technology during the second quarter worth about $354,000. Treasurer of the State of North Carolina grew its holdings in shares of Marvell Technology by 3.0% during the second quarter. Treasurer of the State of North Carolina now owns 403,818 shares of the semiconductor company’s stock worth $31,256,000 after buying an additional 11,572 shares in the last quarter. Finally, Alliancebernstein L.P. grew its holdings in shares of Marvell Technology by 1.0% during the second quarter. Alliancebernstein L.P. now owns 411,569 shares of the semiconductor company’s stock worth $31,855,000 after buying an additional 4,060 shares in the last quarter. 83.51% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, COO Chris Koopmans sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $162.76, for a total value of $1,627,600.00. Following the completion of the sale, the chief operating officer directly owned 209,592 shares of the company’s stock, valued at $34,113,193.92. This trade represents a 4.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew J. Murphy sold 7,500 shares of the firm’s stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $134.46, for a total value of $1,008,450.00. Following the completion of the sale, the chief executive officer directly owned 302,606 shares of the company’s stock, valued at approximately $40,688,402.76. The trade was a 2.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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. Over the last 90 days, insiders sold 233,560 shares of company stock valued at $27,870,662. Insiders own 0.33% of the company’s stock.

Analysts Set New Price Targets

MRVL has been the subject of a number of research reports. Evercore reiterated an “outperform” rating and set a $133.00 price objective on shares of Marvell Technology in a report on Wednesday, March 4th. Barclays upgraded Marvell Technology from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $105.00 to $150.00 in a report on Thursday, April 9th. Citigroup raised their price target on Marvell Technology from $113.00 to $118.00 and gave the company a “buy” rating in a research note on Friday, March 6th. 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 note on Friday, March 6th. Finally, Needham & Company LLC decreased their price target on Marvell Technology from $120.00 to $118.00 and set a “buy” rating for the company in a research note on Tuesday, February 3rd. Two analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $125.00.

Marvell Technology News Roundup

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

• Positive Sentiment: Nvidia strategic investment and partnership + potential Google co?development and recent acquisition are primary drivers behind the stock’s big April gain — these validate Marvell as a custom AI?chip and infrastructure supplier and support revenue/collaboration upside. Why Marvell Stock Soared 67% in April
• Positive Sentiment: Analysts and commentary highlight multiple hyperscaler/cloud design wins and the company’s role in the AI infrastructure “pivot away from GPUs,” reinforcing growth expectations and investor enthusiasm. Marvell Stock: A 16% Yield Trade With A 46% Margin of Safety
• Positive Sentiment: Coverage in market press and AI?thematic pieces (Kalkine, Trefis, Motley Fool) is amplifying momentum, pushing investor flows into MRVL as part of the next leg of the AI trade. Marvell AI Momentum Puts Nasdaq Composite Index In Market Spotlight
• Neutral Sentiment: Marvell has scheduled its Q1 FY2027 earnings release and conference call for May 27 — management commentary and guidance will likely be the next major price catalyst (could confirm or temper current growth expectations). Marvell Technology, Inc. Announces Conference Call to Review First Quarter of Fiscal Year 2027 Financial Results
• Neutral Sentiment: Several analyst notes and valuation write?ups point to strong buy interest but also warn valuations are rich after the run — important context for position sizing and volatility expectations. Why Marvell Technology (MRVL) Outpaced the Stock Market Today
• Negative Sentiment: COO Chris Koopmans sold 10,000 shares (~$1.63M) under a pre?arranged Rule 10b5?1 plan; while routine, insider sales can create short?term selling pressure and raise investor questions about timing. Insider 10b5-1 Sale Filing

Marvell Technology Stock Up 3.2%

MRVL stock opened at $168.82 on Wednesday. Marvell Technology, Inc. has a twelve month low of $53.78 and a twelve month high of $172.98. The company has a market cap of $147.62 billion, a price-to-earnings ratio of 54.81, a P/E/G ratio of 1.48 and a beta of 2.25. The business has a 50 day moving average price of $110.46 and a two-hundred day moving average price of $93.96. The company has a quick ratio of 1.58, a current ratio of 2.01 and a debt-to-equity ratio of 0.28.

Marvell Technology (NASDAQ:MRVL) last released its quarterly earnings data on Thursday, March 5th. The semiconductor company reported $0.80 earnings per share (EPS) for the quarter, beating 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 company had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.21 billion. During the same period last year, the firm posted $0.60 earnings per share. The business’s revenue was up 22.1% on a year-over-year basis. Marvell Technology has set its Q1 2027 guidance at 0.740-0.840 EPS. Analysts anticipate that Marvell Technology, Inc. will post 3.04 EPS for the current fiscal year.

Marvell Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Friday, April 10th were given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend was Friday, April 10th. Marvell Technology’s dividend payout ratio (DPR) is presently 7.79%.

About Marvell Technology

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.